History
Rich's, founded by Jerry Rich, had employees who often stayed for long periods of time. Beverly Raymond was a Supervisor of Cashiers for almost 30 years in the Nashua store. Her manager, Lorne Swindell, managed in Nashua for over 20 years, after a short stint with JM Fields.
The chain went bankrupt on March 14, 1996. Nearly 2,000 workers at the company's 26 stores in Massachusetts, Maine, New Hampshire, and Vermont lost their jobs by late February 1997.
The Rich's Plaza in Gilford, NH was purchased by Walmart in 1997, becoming Walmart Plaza, with Walmart occupying the same store as Rich's. This became one of the smallest Walmart stores in the U.S. Other stores that occupied the Walmart Plaza (formerly Rich's Plaza) include Hannaford (formerly Shop N' Save), Fashion Bug, Payless Shoe Store, and Olympia Sports.
Read more about this topic: Rich's Department Stores
Famous quotes containing the word history:
“Humankind has understood history as a series of battles because, to this day, it regards conflict as the central facet of life.”
—Anton Pavlovich Chekhov (1860–1904)
“The history of all hitherto existing society is the history of class struggles.”
—Karl Marx (1818–1883)
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)