King's Department Stores, Inc. - Specimen Stock Certificate - Ames BuyoutInv# SE1393 Stock
Specimen Stock printed by American Bank Note Company. King's Department Stores was a chain of discount stores in the Eastern United States. The chain started in 1956, in Brockton, Massachusetts. They expanded to 187 stores (three stores operated in the Buffalo, New York area). In 1978, they purchased the bankrupt Mammoth Mart chain. Because of the economic downturn and the debt from the Mammoth purchase, they filed for Chapter 11 bankruptcy in 1982. In 1984 Ames Department Stores purchased the chain and converted most of them into Ames stores. Ames went out of business in 2002.
Retail Chains Bought out By King's
- Mammoth Mart
- Barker's Discount Department Stores
- Sandy's Discount Stores
- Miracle Mart (US Chain, not to be confused with the Canadian chain)
Read more at https://en.wikipedia.org/wiki/King%27s_(defunct_discount_store)
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.