when did mccrory's go out of business
February 2002
title: McCrory Stores text: were operated by the McCrory company. However, as the decade turned, its fortunes decreased, and by 1992 it filed for bankruptcy. Several rounds of store closures followed, with one of the biggest coming in 1997 when McCrory's shuttered 300 of its last 460 stores. The company also converted some stores to their Dollar Zone format of dollar store, but these closed in early 2002. In December 2001, McCrory Stores announced the remaining McCrory's, TG&Y, G. C. Murphy and J.J. Newberry stores it was operating would begin liquidating and in February 2002 the company ceased operation. McCrory Stores McCrory Stores or title: G. C. Murphy text: sold the division to the McCrory's chain led by Meshulam Riklis. McCrory's rebranded some and closed others. The McCrory's chain filed for bankruptcy in 1992, closed many of their stores (including former G.C. Murphy's outlets) in 1997, and ceased its remaining operations in 2002. Although the stores ceased business operations some time ago, the chain's foundation, the G.C. Murphy Foundation, is still in existence. Retirees and former employees of the stores have a volunteer organization that allows them to keep in touch. In 2005, the "Pittsburgh Post-Gazette" reported that the Murphy Foundation had commissioned a writer to compile the G.C. title: McCrory Stores text: remaining Kresge and Jupiter stores in the United States to McCrory Stores. At its height, McCrory's operated 1,300 stores under its own name and as TG&Y, McLellan (merged in 1958), H. L. Green, Silvers, G.C. Murphy, J.J. Newberry and Otasco, which it had acquired through the years. McCrory's parent Rapid-American also owned Lerner Stores and National Shirt (acquired by McCrory's in 1960). Meshulam Riklis purchased McCrory in 1960 and merged it with the rival H.L.Green Co. and moved its headquarters to Springettsbury Township, York County, Pennsylvania, in 1963. At the time it was the fourth largest retailer in the United title: McCrory Stores text: his last name so he would not have to pay for extra letters on his store signs. McCrory died in 1923 having built McCrory Stores Corporation into a success. However, in 1933 the company declared bankruptcy and was dissolved, but it was eventually re-established as McCrory Stores and resumed operations. One of the early investors was Sebastian Spering Kresge, who later founded the S.S. Kresge chain, which became Kmart. In 1899, Kresge traded his interest in the McCrory's Memphis, Tennessee store for McCrory's interest in the Detroit, Michigan, store, giving him control there. In 1987, the Kmart Corporation sold its title: McCrory Stores Corporation text: McCrory Stores Corporation McCrory Stores Corporation was a five and dime which became insolvent during the Great Depression, filing for bankruptcy in 1933. The chain store competed successfully with the F. W. Woolworth Company and S. H. Kress during the 1920s. McCrory Stores Corporation was incorporated in 1915 as a successor to the J.G. McCrory Company. Its primary offices were at 1107 Broadway. One of the firm's policies was to acquire locations whenever property could be found at a reasonable purchase price. In November 1925, approximately ⅔ of its stores were leased, with the remainder owned by a subsidiary, the