History
The chain was formed in 1932. The chain operated 133 retail stores as of 1935, most resulting from the acquisition of Metropolitan Chain Stores, Inc. (of which Harold Green had been president), F. & W. Grand Stores, Isaac Silver and Brothers Company, and F. & W. Grand-Silver Stores, Inc.
Harold David Kittinger, who had founded the Kittinger's chain which had merged with McLellan's, served as a company executive from 1932 until his death in 1947, at which time he was president of a chain that had grown to 200 stores. It also owned the Schulte-United department store (Canadian unit was sold to Zellers).
By 1957, the chain had 227 stores, and was beginning to locate in shopping centers. Green acquired Olen Company, a retailer based in Mobile, Alabama. Maurice Olen became President of the combined company, but left after an investigation revealed an asset shortage, leading to an investigation by the U.S. Securities and Exchange Commission, and lawsuits by the company against Olen. Olen was indicted and fined $2,500.
It acquired United Stores, which owned a significant share of McCrory Stores and McLellan Stores in 1959, but sold this in 1960 to B.T.L Corporation (which owned Ben Franklin Stores). In 1961 McCrory Stores merged with H.L. Green, the combined company taking the McCrory name. The same week this was announced, McCrory took over Lerner Stores. H.L. Green sold its Canadian subsidiary Metropolitan Stores and some other assets at this time, reducing the number of stores in its system from 366 to 147.
The stores named H.L. Green were folded as McCrory's entered bankruptcy in the late 1990s.
Read more about this topic: H. L. Green Company
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