Fisher's Big Wheel

Fisher's Big Wheel

Infobox Company
name = Fisher's Big Wheel
company_
type = Discount department store
foundation = unknown
location_city = New Castle, Pennsylvania
location_country = United States
locations = 100+
key_people = Peter H. Hollis
area_served = Connecticut, Indiana, Michigan, New York, Ohio, Pennsylvania, Rhode Island, West Virginia
industry = Retail
products = Clothing, photography, garden/seasonal, sporting goods, large appliances, records, hardware, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares.
divisions = Buy Smart
dissolved = 1994

Fisher's Big Wheel, also known as Big Wheel, was a discount department store chain based in New Castle, Pennsylvania, United States.cite web |url=http://findarticles.com/p/articles/mi_m3092/is_n23_v27/ai_6845160 |title=Big Wheel rolls domestics into forefront - discount store chain |accessdate=2007-08-11 |date=1988-11-21 |format=html |work=Discount Store News] The company operated stores under the Fisher's Big Wheel and Buy Smart names. At its peak, the chain comprised more than 100 stores in the Northeastern and Midwestern United States.

Fisher's Big Wheel primarily located in smaller towns which were not already served by other discount retailers; in other markets, they competed directly with such discounters as Kmart, Wal-Mart and Hills Department Store. In 1993, the chain declared bankruptcy, closing off some stores and selling others to Pamida. The last Big Wheel stores were closed in 1994.

History

In 1986, the company's president, Peter H. Hollis, left the chain and became the CEO of Ames Department Stores, where he served for four years before becoming executive vice president of Jamesway. [cite web |url=http://findarticles.com/p/articles/mi_m3092/is_n22_v30/ai_11562493 |title=Jamesway hires ex-Ames chief - Peter H. Hollis |accessdate=2007-08-11 |date=1988-11-18 |format=html |work=Discount Store News]

Big Wheel acquired ten former locations in 1989 from two discount chains in the Midwestern United States: eight from Danner's and two from Heck's Department Store. [cite web |url=http://findarticles.com/p/articles/mi_m3092/is_n4_v28/ai_7393999 |title=Big Wheel speeds growth with new stores, takeovers - Fishers Big Wheel, discount store chain |accessdate=2007-08-11 |date=1989-02-20 |format=html] Several locations of Tempo and Buckeye Mart, two discount chains operated by Gamble-Skogmo, were also acquired by Fisher's.

Fisher's Big Wheel filed for Chapter 11 bankruptcy in 1993, closing ten of its stores. [cite web |url=http://findarticles.com/p/articles/mi_m3092/is_n15_v32/ai_14334702 |title=Fishers Big Wheel to close 10 units; chain files Ch. 11 petition; revamps executive staff |accessdate=2007-08-11 |date=1993-07 |format=html |work=Discount Store News] Fifty-five more stores were later closed in 1994 as a means of liquidation. [cite web |url=http://query.nytimes.com/gst/fullpage.html?res=9E03E1DD1631F934A35752C0A962958260 |title=Fishers Big Wheel to close 55 stores in liquidation |accessdate=2007-08-11 |date=1994-01-07 |format=html |work=New York Times] Several locations were also sold to Pamida, a discount chain based in Iowa. [cite web |url=http://findarticles.com/p/articles/mi_m3092/is_n17_v33/ai_15805012 |title=Positioning Pamida - Apparel Merchandising Supplement - Company Profile - Cover Story |accessdate=2007-08-11 |date=1994-09-05 |format=html |work=Discount Store News] By 1994, the Fisher's Big Wheel chain had closed the last of its operations.

References


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