Stanley Stores

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Stanley Stores Inc. was a family-owned regional grocery store chain in the United States, with its headquarters in Bay City, Texas. The chain operated three brands. Stanley Stores was the conventional grocery store brand. The Houston Chronicle said that the brands Price Lo Supermarkets and Foods "4" Less were "modern, warehouse-type food stores with large sales and cut-rate prices." [1] In 1994 Greg Hassel of the Houston Chronicle said that Stanley Stores was one of several "small area outfits" operating stores in the Houston area. [2]

History

O. B. Stanley established the chain in 1945. [1] The first location, a drive-in grocery in Bay City, Texas, [3] was the 880-square-foot (82 m2) Stanley's Superette. [1] Originally O. B. Stanley served as the president of Stanley Stores. Fred C. Stanley became the president of Stanley Stores in 1962. [4] At its peak the chain operated 33 stores. [3]

In 1988 Stanley Stores had 30 locations in Texas and Louisiana. At that period the stores ranged in size between 20,000 square feet (1,900 m2) and 46,000 square feet (4,300 m2). During that year, it opened two new stores in Houston, including one 30,655-square-foot (2,847.9 m2) location and one 29,730-square-foot (2,762 m2) location. O. B. Stanley, in regards to the changes in size, said "We've gotten a little bigger since then. Our operations have changed with the times." [1]

Around January 1994 Stanley Stores acquired the Lake Jackson Appletree Markets location after the chain sold many of its locations. [2] In December 1994 Stanley Stores filed for Chapter 11 reorganization in a federal bankruptcy court in Houston. [5] It owed Grocers Supply Inc. $14 million. At the time it had 29 stores in Texas and Louisiana and 1,400 employees. [6] By February 1995 seven stores had closed. [7] In November 1995 Stanley Stores reached an agreement to get out of bankruptcy protection. At that time it had 15 stores and 750 employees. [6] Fred Stanley, then still serving as president of the chain, died on Monday, July 12, 1999 from cancer. [8]

The chain made several donations to the Bay City Museum. [9]


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References

  1. 1 2 3 4 Staff. "Price-Lo Supermarkets opens two new stores in Houston." Houston Chronicle . Sunday July 24, 1988. Business 6. Retrieved on November 20, 2011.
  2. 1 2 Hassel, Greg. "AppleTree to hand over most stores this week." Houston Chronicle . Tuesday January 4, 1994. Business 1. Retrieved on December 1, 2011.
  3. 1 2 "O.B. Stanley." (Obituaries) The Victoria Advocate . Saturday April 19, 2008. B3. Retrieved from Google News (6 of 23) on November 21, 2011.
  4. ↑ Willey, Scott Reese. "Grocer remembered fondly for his service." The Victoria Advocate . July 15, 1999. 1E. Retrieved on November 21, 2011. "A life-long resident of Bay City, Stanley succeeded his father, OB Stanley, as president of Stanley Stores Inc. in 1962 after graduating from Texas[...]"
  5. ↑ Workman, Jay. "Stanley Stores declares Chapter 11 bankruptcy." The Victoria Advocate . Friday December 23, 1994. 5B. Retrieved from Google News (9 of 21) on November 21, 2011.
  6. 1 2 Workman, Jay. "Stanley reaches deal to get out of bankruptcy." The Victoria Advocate . Wednesday November 15, 1995. 5B. Retrieved from Google News (8 of 19) on November 21, 2011.
  7. ↑ Advocate Staff. "Stanley Stores Inc. striving to save jobs, attorney says." The Victoria Advocate . Thursday February 9, 1995. 2C. Retrieved from Google News (12 of 21) on November 21, 2011.
  8. ↑ "No Headline." The Victoria Advocate . July 15, 1999. 8E. Retrieved on November 21, 2011. "After receiving his business degree from Texas Christian University, he was president of Stanley Stores from 1962 until his death."
  9. ↑ Willey, Scott Reese. "Grocer remembered fondly for his service." The Victoria Advocate . July 15, 1999. 1E. Retrieved on November 21, 2011. "Stanley Stores also made considerable donations to the Bay City Museum"
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