Gold Circle was a
discount department store
Discount stores offer a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.
Types (Unit ...
chain
A chain is a serial assembly of connected pieces, called links, typically made of metal, with an overall character similar to that of a rope in that it is flexible and curved in compression but linear, rigid, and load-bearing in tension. A ...
based in
Ohio
Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the ...
. Founded in 1967, it was a division of
Federated Department Stores
Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus (departm ...
with 76 stores when the chain was sold and dismantled in 1988.
History
Covering mostly
New York
New York most commonly refers to:
* New York (state), a state in the northeastern United States
* New York City, the most populous city in the United States, located in the state of New York
New York may also refer to:
Places United Kingdom
* ...
,
Ohio
Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the ...
,
Kentucky
Kentucky (, ), officially the Commonwealth of Kentucky, is a landlocked U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders Illinois, Indiana, and Ohio to the north, West Virginia to the ...
and Western
Pennsylvania
Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...
, the chain was founded in 1967 in
Columbus, Ohio
Columbus (, ) is the List of capitals in the United States, capital and List of cities in Ohio, most populous city of the U.S. state of Ohio. With a 2020 United States census, 2020 census population of 905,748, it is the List of United States ...
, with its corporate headquarters and distribution center located in
Worthington, Ohio
Worthington is a city in Franklin County, Ohio, United States, and is a northern suburb of Columbus, Ohio, Columbus. The population in the 2020 United States census, 2020 census was 14,786. The city was founded in 1803 by the Scioto Company led by ...
, a northern Columbus suburb. In 1984, Gold Circle was notable as the first major discounter to implement chain-wide
UPC barcode scanning in an effort to reduce checkout time for shoppers and improve inventory accuracy and speed store merchandise replenishment.
Merger with Richway
In 1986, Federated merged its Gold Circle division with its
Richway Department Stores, another Federated discount division. While the chains each continued to operate under their original names (though several Richways were converted to Gold Circles), buying and other administrative functions for both were consolidated into Gold Circle's Worthington, Ohio headquarters.
Liquidation
After
Campeau Corporation acquired Federated Department Stores in 1988, Gold Circle was liquidated along with Richway (in addition to the sale or liquidation of several other under-performing Federated divisions). The chain was dismantled in late 1988 with
Kimco Development acquiring all of the store locations while the corporate office and distribution center were sold off in separate transactions. Hills leased 35 Gold Circle stores in Ohio, New York, and Kentucky and immediately converted them into Hills stores following the liquidation sales, reopening early in 1989. Some of the Gold Circle stores became
Hills Department Stores or
Target
Target may refer to:
Warfare and shooting
* Shooting target, used in marksmanship training and various shooting sports
** Bullseye (target), the goal one for which one aims in many of these sports
** Aiming point, in field artille ...
, while
Springfield and
Elyria, Ohio
Elyria ( ) is a city in Lorain County, Ohio, United States, and its county seat. It is located at the forks of the Black River (Ohio), Black River in Northeast Ohio, southwest of Cleveland. The population was 52,656 at the 2020 United States cens ...
, became
Kmart
Kmart ( ), formerly legally registered as Kmart Corporation, now operated by Transformco, is a department-store chain and online retailer in the United States and Territories of the United States, its territories. It operates four remaining Kma ...
. One in
New Kensington, Pennsylvania
New Kensington (known locally as New Ken) is a city in Westmoreland County, Pennsylvania, United States. The population was 12,170 at the 2020 United States census, 2020 census. It is situated along the Allegheny River northeast of Pittsburgh ...
, had previously been converted to a
Giant Eagle
Giant Eagle, Inc. is an American supermarket chain with stores in Pennsylvania, Ohio, West Virginia, Indiana, and Maryland. The company was founded in 1918 in Pittsburgh, Pennsylvania, and incorporated on August 31, 1931. ''Supermarket News'' ...
.
Gallery
See also
*
List of defunct department stores of the United States
This is a list of defunct department stores of the United States, from small-town one-unit stores to mega-chains, which have disappeared over the past 100 years. Many closed, while others were sold or merged with other department stores.
Depar ...
References
{{reflist
Retail companies established in 1967
Defunct discount stores of the United States
Retail companies disestablished in 1988
1967 establishments in Ohio
1988 disestablishments in Ohio