History McCrory Stores

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mccrory s in syracuse, ny


at height, mccrory s operated 1,300 stores under own name , tg&y, mclellan (merged in 1958), h.l. green, silvers, g.c. murphy, j.j. newberry , otasco, had acquired through years. mccrory s parent rapid-american owned lerner stores , national shirt (acquired mccrory s in 1960).


meshulam riklis purchased mccrory s in 1960, , moved headquarters springettsbury township, york county, pennsylvania, in 1963. @ time fourth largest retailer in united states. riklis controlled mccrory s through rapid-american holding company, managed samuel neaman. riklis famed sleight of hand, shifting assets between notable brand name successful companies , holding companies best exemplified handling of mccrory stores, driving brand name bankruptcy while keeping assets. among retailers controlled mccrory s @ time best & co., lerner shops, , s. klein.


in 1986 purchased 76 remaining kresge , jupiter stores kmart, reuniting companies. @ time controlled e-ii holdings, inc., owned elmore, britts, , kittinger , bargain time. e-ii holdings group of jilted riklis investors, seizing old riklis properties trying recoup losses.








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