Gibson's Discount Center, also known as "Gibson's," was a large discount store chain in the United States.
Video Gibson's Discount Center
History
Herbert R. Gibson and his wife, Belva, opened Gibson Products Co., a wholesale novelty company, in 1936 in Abilene, Texas. By the late 1950s, Gibson had decided to refocus on discounting, and he opened the first Gibson's Discount Center in Abilene in 1960. The company grew mostly by franchising the store concept to others. Sam Walton once inquired about obtaining a Gibson's franchise, but nothing came of it. By 1964, there were 138 Gibson's Discount Center stores generating $190 million in revenue; by 1968, there were 434 stores generating $1 billion in sales. The company's headquarters moved to Seagoville, Texas.
In 1972, Gibson transferred ownership of the company to sons Herbert Jr. and Gerald. By 1978, Gibson's had 684 stores across the United States. The company began to go into decline after that, in part because franchisees began to withdraw from the chain; the company's largest franchisee, Pamida Inc., began opening discount stores under its own name. Gibson's was sold in June 1984 to a company headed by Gary Chaffin. Chaffin sold the company in 1992, and it filed for Chapter 11 bankruptcy in 1996. Chaffin repurchased the company in 1999, which by this time was headquartered in Dodge City, Kansas. In November 2002, Gibson's announced it would close the chain's 17 remaining stores.
Two stores continue to operate independently under the Gibson's name, in Kerrville, Texas, and Weatherford, Texas.
At one point in time, the Gibson's store in Great Bend, Kansas had what was called "The Biggest Outdoor Sign in Kansas."
Maps Gibson's Discount Center
References
External links
- Website for currently operating Gibson's store in Kerrville, Texas
Source of the article : Wikipedia
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