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)
“I am the owner of the sphere,
Of the seven stars and the solar year,
Of Caesar’s hand, and Plato’s brain,
Of Lord Christ’s heart, and Shakspeare’s strain.”
—Ralph Waldo Emerson (1803–1882)
“Piles of gold are not as good as stores of grain.”
—Chinese proverb.