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Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
The first Globe Discount City opened in Houston in November 1960 by United Mercantile Inc. United had formed earlier in 1960 to operate the existing seven-store chain of Danburg's Department Stores which had existed since the 1930s and the forthcoming big-box Globe retail locations – the first three of which were each built with over 100,000 square feet of space. [2]
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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]
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Stein Mart was founded in 1908 by Sam Stein, a Russian Jewish immigrant who opened his first store in Greenville, Mississippi; he had arrived there by steamboat from New York City three years before. [3] The department store carried general merchandise until his son, Jake Stein, took over the company upon his father Sam's death in 1932.