Roses Discount Stores Variety Wholesalers Inc
If you're looking for a wholesale grocery store chain, you might consider checking out Roses Discount Stores. The company was founded by Paul Howard Rose, who was a traveling salesman and entrepreneur. His original plans for Roses were to offer grocery stores at discount prices, but the business's success was hampered by its shaky financial foundation. Today, Roses has more than 500 locations across the country and has a loyal following.
Paul Howard Rose
The business of retail goods began in Henderson, North Carolina, in 1915 when Paul Howard "Hank" Rosenthal purchased the Henderson Store. Later, Rose opened other stores in Charlotte, Roxboro, Louisburg, and Oxford, North Carolina. By the end of the decade, the chain grew to five locations in four states. By the early 1980s, Roses expanded westward through North and South Carolina.
In 1915, Rose took over a five-and-dime store in Henderson, North Carolina. He continued to open more stores and expanded his business to include wholesalers. Rose incorporated his company in Delaware in 1925 as Rose's 5, 10, and 25 cents stores. In 1962, he changed the name to Rose's, Inc. By the end of his life, he had 280 retail stores in eleven southern and border states.
The brand began with a relatively small number of locations, but quickly became a regional discount store. Its stores now span fifteen states and are competing with Wal-Mart, Kmart, and K-Mart. Today, the Roses division is owned by Variety Wholesalers Inc., a business with similar visions. The company's weekly ad lists special promotions and sales.
The business grew into a national retail chain in 1995 after Variety Wholesalers Inc. bought Roses. In fact, the company owns the Maxway and Bargain Town brands. Roses' retail locations are among the largest in North Carolina. The company's administrative offices are still in the original Roses building, as is the case with its subsidiaries. The Roses Discount Stores were bought by Variety Wholesalers, Inc. for $19.2 million in 1997.
Paul Howard Rose was an entrepreneur
Founder of Roses Discount Stores Variety Wholesalers, Inc. was Paul Howard Rose. He began selling wood bundles and his mother's cookies when he was young. Rose later went on to purchase stock in United 5 & 10 Cent Stores and opened retail outlets in Charlotte and Henderson. He borrowed $500 to purchase his first store and began selling items. As he expanded his business, he began moving merchandise from behind the counters to the floor. Today, Roses has over 106 stores in southeastern U.S. states.
Although Roses was an early success, it started to fade away as Wal-Mart and K-Mart entered the scene. Roses filed for bankruptcy in 1993, and the company declared bankruptcy. In 1997, Variety Wholesalers, Inc. bought the company for $15 million and reopened 106 stores. Since then, Roses has reestablished itself as an iconic brand in the southeast.
Paul Howard Rose was a traveling salesman
Paul Howard "Pat" (or Pat)rose was born in Jackson, South Carolina in 1881. His ancestry is Scottish and English. His father was a cabinet maker and wheelwright. His mother was an Irishwoman named Andrew Etta Warrick. Rose attended school in Norfolk, Virginia and became a stenographer before going into business for himself.
Paul Howard "Pat""rose grew up during a time when money was scarce, and his earliest jobs involved cutting lightwood splinters, storing them in bundles, and selling them. His mother also baked cookies for him to sell. He also concocted a drink of vinegar and soda. In addition to selling candy and other items, he stocked a wooden case with assorted items. He was permitted to put it in the store each night.
Roses first opened its first store in North Carolina in 1961. After the rebirth of Wal-Mart in the early 1990s, Roses began to fall by the wayside. By 1993, Roses filed for bankruptcy. The company was bought by Variety Wholesalers, Inc. for $15 million. The company reopened 106 Roses stores.
After the Great Depression, Rose's business plans had been largely unfulfilled. He had spent his entire adult life traveling from town to town, selling his products and building up his business. Although his original plan was to own a chain of department stores, he abandoned that idea and started his own chain of stores. Paul Howard Rose joined two other businessmen to start United 5 & 10C/Stores. Rose opened units in Charlotte and Henderson. The stores were a success, but Rose had doubts about his integrity and the success of his new venture.
Paul Howard Rose founded Roses
For over a century, the family-owned company has been a favorite among consumers for its variety of products and prices. Roses prides itself on offering consumers quality merchandise at an affordable price, so there is no need to hunt for sales or coupons. Consumers can simply visit the store and find the items they need. In addition to being an excellent place to shop, Roses offers convenient hours and coupons to help shoppers save even more money.
The company began in Henderson, North Carolina, in 1915. Paul Howard Rose purchased a store in Henderson, NC, and began expanding in the early 1920s by opening stores in Greensboro, Roxboro, Louisburg, and Oxford. By the end of the decade, Rose's Stores had grown to five stores. This growth led to the company's expansion into Virginia, South Carolina, and North Carolina.
In the early 1980s, the company began to experience tough competition from Wal-Mart, which introduced a large store format that severely reduced Roses' market share. Roses filed for Chapter 11 bankruptcy and emerged from the bankruptcy in 1995. In 1997, Variety Wholesalers Inc. acquired Roses for $19.2 million. The company continues to operate under the Roses name today. These days, Roses is known for its wide selection of discount items.
The company is headquartered in Henderson, North Carolina, and currently has 160 locations throughout the Southeast. The Roses division is a discount retailing chain that competes with Wal-Mart and Kmart. In addition to the Southeast, Roses has expanded into Pennsylvania and opened stores in Tarpon Springs. During the 1970s, Roses was recognized as the fastest growing retail chain in the United States.
In 1915, Paul Howard-Rose took a small loan to buy a failing Henderson five-and-dime store. By 1927, Rose had opened a few more five-and-dime stores, and soon expanded his company into other states. Eventually, Roses Discount Stores Variety Wholesalers Inc. boasted 280 stores in the southeastern states.