Discount store older store concepts. As examples, Woolworth opened a Woolco chain (also in 1962); Montgomery Ward opened Jefferson Ward; Chicago-based Jewel launched Turn Style; and Central Indiana-based L. S. Ayres created Ayr-Way. J. C. Penney opened discount stores called Treasure Island or The Treasury, and Atlanta-based Rich's owned discount stores called Richway. During the late 1970s and the 1980s, these chains typically were either shut down or sold to a larger competitor. Kmart and Target themselves are examples of adjuncts, although their growth prompted their respective parent companies to abandon their older concepts (the S. S. Kresge five and dime store
Barker's Discount Department Stores Barker's Discount Department Stores Barkers Discount Department Stores was a chain of discount department stores founded in May, 1957 by Irving Barker. As one of the first hard goods discounters, and with creative promotions, the initial store, in Orange, Connecticut, grew quickly with a wide variety of products for the home arranged in a supermarket style. This success spawned a second 40,000 sq. ft. location in Wallingford, Connecticut in 1960. The company was sold to Franklin Stores Corporation in 1961, and then grew quickly throughout the Northeast and South Central United States, the Caribbean, and the United States Virgin Islands.