Everything about Gold Circle totally explained
Gold Circle, an upscale discount chain similar to
Target, was the discount division of
Federated Department Stores.
History
Covering mostly
New York,
Ohio, Western
Pennsylvania and
Kentucky, the chain was founded in 1967 in
Columbus, Ohio, with its corporate headquarters and distribution center located in
Worthington, Ohio, a Columbus northern 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.
Merge with Richway
In
1986, Federated merged its Gold Circle division with its
Richway discount stores, another Federated discount division, in an effort to improve the operating efficiency and profits of both. While the chains each continued to operate under their original names, buying and other administrative functions for both were consolidated into Gold Circle's Worthington, Ohio headquarters.
Liquidation
In
1988, after Campeau Corporation acquired Federated Department Stores, Gold Circle (along with Richway) was liquidated 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 most of the store locations while the corporate office and distribution center were sold off in separate transactions. 33 former Gold Circle stores later reopened in
1989 as
Hills and later
Kohls by the 1990s. Most of the former
Richways reopened as
Target Stores.
Multimedia
Gallery
Image:Olentangy_columbus_wiki.JPG|Gold Circle Olentangy Rd. Columbus (1989)
Image:Gold_circle_olentangy_rd_columbus_08-1989_01a.jpg|Gold Circle Olentangy Rd. Columbus (1989)
Image:Gold_circle_olentangy_rd_columbus_1989_wiki.JPG|Gold Circle Olentangy Rd. Columbus (1989)
Image:Gold_circle_morse_rd_columbus_08-1989_03.jpg|Gold Circle Morse Rd. Landmark Sign
(Now Kohl's)
Image:gold_circle westerville_mall_wiki.JPG|Gold Circle Westerville Mall (1989)
Image:gold_circle westerville_mall_02_wiki.JPG|Gold Circle Westerville Mall - Mall Entrance (1989)
Image:Gold circle olentangy wiki.JPG
Further Information
Get more info on 'Gold Circle'.
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