Pay 'n Save was a retail company founded by Monte Lafayette Bean in Seattle, Washington; 1940. Over the years, Pay 'n Save was the leading drug store chain in Washington and was the owner several Washington-based retailers including Lamonts and Ernst. A 1984 sale of the company to the Trump Group and a 1986 attempt to transform the retailer into a bargain-basement merchandiser resulted in a loss of nearly $50 million. By 1988, Pay 'n Save was sold to Thrifty Corporation who later sold the stores to PayLess Drug who retired the Pay 'n Save name. As a result, most of the retailer's divisions were spun-off as separate companies or shuttered. As of 2011, Pay 'n Save's membership discount chain, Bi-Mart, is the lone surviving division of the company.
At the company's peak, Pay 'n Save was operating 313 stores in ten western states under several different names including Pay 'n Save, Ernst, Bi-Mart, Lamonts, Sportswest, Schuck's Auto Supply, Yard Birds, Von Tobel's, and Price Savers.
Read more about Pay 'n Save: Current Status of Former Subsidiaries
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