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In 1985, Allied Stores acquired a struggling Twin Cities rival, The Powers Dry Goods Company, from Associated Dry Goods Corp. [24] Acquiring 6 of the 7 area Powers stores (the downtown Minneapolis store was sold to a real estate firm) gave Donaldson's some breathing room against dominant rival Dayton's by increasing Donaldson's retail footprint ...
Aaron Rents, Inc. was founded by R. Charles Loudermilk, Sr. in 1955. [5]In September 2008, Aaron's announced the sale of its Corporate Furnishings division to CORT Business Services, part of Berkshire Hathaway.
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The store continued to be prosperous, and Minneapolis was considered a healthy area of the country for the sale of dry goods. [25] By 1924 Powers advertising no longer referred to Power's Mercantile, and only used the Powers name. [26] In 1929, Powers became the first store in Minneapolis to install an escalator. [27]
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