Wyoming Town Latest to Open a Community-Owned Store

Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

The town of Powell, Wyoming, is one of a growing number of places where residents are opening community-owned department stores. More than 800 shares of stock in the Powell Mercantile, priced at $500 each, were purchased by approximately 500 local investors. The 10,000-square-foot store, which sells mostly mid-range clothing and shoes, opened in July and has turned a profit ever since. … Read More