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TG&Y

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Overview

TG&Y was a five and dime, or variety store, chain in the United States. At its peak, there were more than 900 stores in 29 states. Starting out in rural areas and eventually moving into cities, TG&Y stores were firmly embedded in southern culture as modern-day general stores with a bit of everything, and often called "Turtles, Girdles and YoYos," "Toys, Games and YoYos" and other irreverent monikers. The chain used the advertising slogan, "Your best buy is at TG&Y."[1]

History

Founded in 1935, the chain was headquartered in Oklahoma City and named for its three founders: Rawdon E. Tomlinson, Enoch L. "Les" Gosselin, and Raymond A. Young. The initials were ordered according to the ages of the three, with Tomlinson being the oldest.[2][3] Raymond Young, the only one of the three partners to remain with the chain, oversaw its operations until his retirement in 1970.[4]

In 1957 TG&Y was acquired by Butler Brothers of Chicago, with the stipulation that Young's leadership role remain unchanged. Young eventually retired in 1970 and leadership changed frequently after that. TG&Y was acquired by competitor McCrory Stores in 1986, when it had about 720 stores. [5]

Demise

After its heyday in the 1960s, unsuccessful attempts were made to expand and rebrand TG&Y under the TG&Y Dollar, Aim for the Best, and Dollar-T names. Shortly after acquiring the struggling chain, McCrory's cut over 8,000 TG&Y employees and closed 205 stores, including 23 in its former home state of Oklahoma.[6]

In 2001 TG&Y's owner McCrory Stores filed bankruptcy and all stores were eventually closed. [7]

References

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