Gambles

1925 – 1982
Gamble-Skogmo Inc. was a conglomerate of retail chains and other businesses that was headquartered in St. Louis Park, Minnesota.From the mid-1940s to the end of the 1970s, Gamble and Skogmo diversified their businesses into many new endeavors, including a discount division, financial services, real estate, and retail businesses such as Aldens mail order company, Womans World Shops, Red Owl Grocery and Snyder Drug stores.In 1980, it was sold to the Wickes Corporation of California. The purchase was highly leveraged, the combined companies struggled, and in 1982 Wickes filed for bankruptcy.