Are there any TG&Y stores left?

“The stores no longer exist, but the people that made them still exist,” Lynn said. “If you were here last week at the reunion, you would have felt that sense of family.” The company was sold and the new owners filed bankruptcy after a few rebranding attempts. The last store closed in 2002.

Where are TG&Y stores?

In its golden days, TG&Y was based in Oklahoma City and had 900 stores from California to Florida. The chain pulled in about $2 billion annually in sales at its peak. But the good times didn’t last. The chain gradually faded before being purchased by another chain in 1986.

What ever happened to TG&Y?

The headquarters for TG&Y was in Oklahoma City, and during its heyday was one of the state’s largest employers. In 1986, the chain was sold to McCrory Corporation, and shortly after the acquisition, they closed 200 stores and laid off more than 8,000 employees. It was the beginning of the end.

What was a TG and Y store?

TG&Y was a major player in the “five and dime” style stores. Founded in 1935, the name consists of the initials of its founders: Tomlinson, Gosselin, and Young. At its height, there were over 900 stores. I found these pictures while going through an old family photo album.

When did TG y close?

2001TG&Y / Ceased operations

When did TG and Y go out of business?

In 2002 McCrory went out of business, causing the final demise of former T.G.&Y. stores. Ironically, Raymond Young, the last survivor of the three cofounders, died the same year.

Who bought out TG&Y?

McCrory Corp.
McCrory Corp., a 748-store variety-store chain, purchased TG&Y’s approximately 730 stores in January.

What happened to service merchandise?

Service Merchandise eventually filed for bankruptcy and liquidated in 2002 after being unable to compete on price and selection against big box stores and internet sellers. It still operates as an e-commerce site.

Who Bought Out Hills department store?

Ames Department Stores Inc.
Ames Department Stores Inc. said it agreed to acquire Hills Stores Co., in a deal that would create the nation’s fourth-largest discount-retail chain. The transaction is valued at $127 million plus the assumption of lease obligations and other debt.

How long has TG&Y been out of business?

Longtime Oklahoma City residents remember TG&Y staying open through the 1980s, with a brief revival in the 1990s. But in reality, the Oklahoma City-based retailer’s death began in January, 1970 with the retirement of Raymond Young.