Everything's a $1.00

EEverything's a $1.00 was a chain of mall-based dollar stores based in Virginia Beach, Virginia from 1985 to the 1990s.

History
Everything's a $1.00 was started by Boden Perry and Michael Porter in 1985 in Virginia Beach, Virginia, with the first store being on "The Strip" Atlantic Ave. By 1987, the company had grown to a total of 25 stores, as far out as Florida. In 1989, the company was bought by the Wisconsin Toy Company for an estimated $4.9 million. At this time, Arthur Borie, former vice president and CEO of Pic-n-Save, was to take over as chief executive and board chairman of the company. In 1991, the company opened the second of what it called "super stores", while not labelled any differently, these stores averaged over 4,000 sq ft, double the size of a typical location.

On December 13, 1993, the chain's parent company, Value Merchants Inc, filed for Chapter 11 bankruptcy. The first round of closures came in December 1993, when the company received bankruptcy court approval to close 45 Everything's a $1.00 stores, out of a total of 420 stores. The closure of 147 of what had been reduced to 386 stores was announced in March 1994 pending bankruptcy court approval. The closure of a further 16 stores was announced in January 1995, before the company finally exited bankruptcy in June of that year. At the time it exited bankruptcy, it operated 421 stores between Everything's a $1.00 and Toy Liquidators, which it hoped to reduce to 215 Everything's a $1.00 stores.

Locations
Please see Everything's a $1.00/Locations