Sole Owner Stores
In a move reminiscent of that of John Walter Scott’s in 1889, he went on to create the "Clarence Saunders Sole Owner of My Name Stores" chain in 1928. The chain, which was known by the public as "Sole Owner" stores, initially flourished, with 675 stores operating and annual sales of $60 million in 1929. However the chain went into bankruptcy in 1930 at the start of the Great Depression.
During the war, Saunders designed and sold wooden toys.
Read more about this topic: Clarence Saunders (grocer)
Famous quotes containing the words sole, owner and/or stores:
“There’s only one way for an individual to remain upright, not to fall to pieces, not to sink into the mire of self-oblivion ... or self-contempt. That’s calmly to turn away from everything, to say, “Enough!” and, folding one’s useless arms across one’s empty breast, to retain the ultimate, the sole attainable virtue, the virtue of recognizing one’s own insignificance.”
—Ivan Sergeevich Turgenev (1818–1883)
“There is a small steam engine in his brain which not only sets the cerebral mass in motion, but keeps the owner in hot water.”
—Unknown. New York Weekly Mirror (July 5, 1845)
“When their stores are full, idiots are considered wise.”
—Punjabi proverb, trans. by Gurinder Singh Mann.