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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. [3] The company's headquarters moved to Seagoville, Texas. In 1972, Gibson transferred ownership of the company to sons Herbert Jr. and Gerald. [4]
Gerald Edward Greene (born January 20, 1948) is an American politician from the state of Georgia. He represents the 151st District of the Georgia House of Representatives . Greene was first elected to the Georgia House in 1982.
Rhodes Furniture had grown to 70 stores by 1990. [7] When bought by Heilig-Meyers in 1996, Rhodes was the fourth-largest furniture retailer in the United States with $430 million in revenue. Heilig-Meyers made the Rhodes stores more upscale, but the plan backfired and customers deserted the stores.
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On the flip side, Wall Street remains careful about department stores. "We've been more cautious on department stores," Chen said. "It's been a tougher category."
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