![]() In the following year, Payless Cashways purchased the Somerville, Massachusetts-based Somerville Lumber & Supply Company for $12 million in stock. In 1983, Payless Cashways purchased the Sacramento, California-based Lumberjack Stores Inc for $26.3 million. By 1981, the company was the 5th largest in the industry. (For example, in Indiana, Payless was a grocery chain). The company eventually adopted the Payless Cashways name, but new locations were added using Furrow's due to trademark issues in Texas, Oregon, Missouri, Kansas, Oklahoma, California, and Indiana. Sam and his sons began operating on "cash-and-carry", able to offer lower prices than when taking on the risk of contractors buying on credit. The company grew, and Sam Furrow and John Evans split the company. ![]() The original yard was named Kiefer-Wolfe Lumber Company, which was soon renamed Pocahontas Lumber Store. He then bought two other lumberyards in the same financial position. Sanford "Sam" Furrow founded his business in 1930 with the purchase of a lumberyard in Pocahontas, Iowa that was in default on its loans, along with his sons and business partner John Evans. Prior to filing for bankruptcy protection, Payless Cashways operated 194 stores across 22 states. Customers would purchase materials inside the store and upon payment, would drive their vehicle into the lumber yard area and give their order ticket to an attendant. Payless Cashways differed from modern home improvement retailers in that they utilized a fully functional outdoor lumber yard. The company experienced financial difficulties during the late 1980s. The company primarily operated during the 1980s and 1990s, and is considered among the first national chains to implement the DIY strategy. Payless Cashways was a building materials retailer based in Kansas City, United States. Building materials and home improvement products
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