Kuhn's-Big K Explained

Kuhn's-Big K should not be confused with Big Kmart.

Kuhn's-Big K
Fate:Merged with Walmart
Successor:Walmart
Founded:1913 (as Kuhn Brothers)
1962 (as Big K)
Defunct:1981
Hq Location:Columbia, Tennessee
Num Locations:18 (1969)
21 (1970)
105 (1977)
Subsid:Big K-Edward's

History

Kuhn's-Big K began in 1913, as a chain of variety stores called Kuhn Brothers, founded in Columbia, Tennessee. The first Kuhn's-Big K was opened in 1962, and by 1969 operated 35 variety stores and 18 Big K discount department stores. That same year, the company was officially renamed to Kuhn's - Big K Stores Corporation.[2] In March 1970, the company announced plans to go public with 400,000 shares, then operating 21 Big K stores and 34 Kuhn's Variety Stores.[3] The company later went public in April 1971, with 512,000 shares of common stock.[4]

Kuhn's Big K began an expansion push in the early 1970s, and by August 1971 had a total of 17 stores in varying stages of development.[5] The company at this time began to open larger and larger stores, the biggest at the time being a planned 76,000 sq ft location in Nashville, Tennessee. The company had a total of 30 Big K stores and 32 Kuhn's Variety Stores, when they bought out the lease of a Sky City store in Greeneville, Tennessee in January 1972.[6] Big K expanded into South Carolina with the purchase of competing discount chain Edward's in September 1977, adding 33 stores, operated as subsidiary Big K-Edwards, to the then 105 stores.[7] [8]

In June 1981, Kuhn's-Big K, then described as "financially struggling" by The New York Times, agreed to a merger with competitor Walmart in a deal valued at $13 million. The merger followed another attempted merger with Walmart in 1980, which collapsed due to store lease complications.

External links

Notes and References

  1. News: Kuhn's Big K Stores Plans Wal-Mart Tie . . June 23, 1981 . .
  2. News: July 2, 1969. Kuhn Brothers Name Changed To Big K. Clarksville Leaf-Chronicle. May 5, 2020.
  3. News: March 27, 1970. Big K Plans Stock Offering. The Nashville Tennessean. May 5, 2020.
  4. News: April 3, 1971. The first public offering.... The Boston Globe. May 5, 2020.
  5. News: August 20, 1971. Big K Planning 7 New Outlets. The Nashville Tennessean. May 5, 2020.
  6. News: January 8, 1972. Big K obtains Greene firm's lease. Johnson City Press Chronicle. May 5, 2020.
  7. News: September 5, 1977. ACQUISITIONS. The Atlanta Journal & The Atlanta Constitution. May 5, 2020.
  8. News: September 2, 1977. 33-Store S. Carolina Chain Acquired by Kuhn's-Big K. The Tennessean. May 5, 2020.