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- J._B._Young_Ltd abstract "JB Young's was a chain of retail department stores, originally founded in the Australian, New South Wales country town of Queanbeyan, by businessman and country traveler, James Buchanan Young, during 1914.James Young, originally from Ireland, had immigrated to Australia during 1885, arriving first in Sydney. By the 20th century, James Young had settled in country NSW and was working for Dutton Brothers, in Blayney.Moving to Queanbeyan in 1914, James Young quickly established what would be JB Young's first store, in Queanbeyan's main street. Business was hard during these years with the First World War underway and harsh economic conditions.After the decision to locate Australia's new capital Canberra in the 1920s, one of the JB Young's managers Mr HG Coleman, then crossed the NSW border into the nation's new capital and purchased the first block of commercial property ever being offered. This was over at the Eastlake shopping precinct and was purchased for 2,050 pounds. This occurred early in December, 1924. Building work commenced immediately and initially the original Eastlake store, which would a short time later become known as Kingston, was opened in stages between 1925-27.These were pioneering times for the Nations capital, as not even Canberra's Civic centre precinct had been established at this time. In 1926, the firm saw a staff management buyout, with fellow directors, Mr Webb, Mr Greenwood, together with Mr HG Coleman, taking ownership. By 1928, James Young had decided to fully retire and a farewell dinner was held, with Mr and Mrs Young then from that moment retiring to Manly, in Sydney's north.The firm continued to grow and later further retail outlets were opened in Canberra, as well as those in country NSW. The ones in Canberra, opened as the ACT grew and expanded. Notable outlets to open included stores at, Manuka, Civic's East Row, Garema Place and later Curtin, Fyshwick, Woden and in Belconnen's Kippax Centre.Post war activity and major building work in Canberra, during the 1950s and 60's saw Canberra expand and JB Youngs, with it. In 1960, JB Youngs became a public company and was listed on the Australian Stock Exchange. This would see the growth of more stores, including those in Victoria.Around 1966, the Kingston store had expanded with another level being added and had undergone further refurbishment. A few years later during 1970, JB Young's expanded considerably, taking over the Fossey's retail store group. Fosseys had been established in 1926 with its earliest store having been established in George Street Sydney, by Alfred Bristow Fossey. The takeover of another long established country retailer J B Meagher and Co, was to follow in 1974.By late 1974, Young's as it was now known, had also found a place in the newly built Stage 2 development, of the Woden Plaza shopping centre, in Philip. This further modernised its reach, particularly in local retailing. Further rationalisation though occurred in 1978, with the nearby JB Youngs store in Manuka closing.As well as the main JB Young stores, JB Young's had also established from 1931 onward, the "Owl Discount Market" stores, which supplied initially Queanbeyan then Canberra's population, with groceries. Often these would be attached to a JB Young's store already in existence. Examples of this were the JB Young's store at Kingston and then in the 1970s, the Woden Plaza store. In the latter years, the "Owl Discount Market" was also known as the "Li'l Owl Discount Market". By 1977, there were 13 Owl Discount Market outlets located across the ACT, Queanbeyan and Goulburn. Promoted heavily with advertising, trading was brisk with the stores very popular. From about 1971 through to 1979, Young's Owl Discount market would have a minimum of two full size pages in each Tuesday edition of the local Canberra Times, advertising their specials.However by early 1979, JB Young's had made a decision to close and sell off the Owl chain. By mid 1979, the Owl Discount Markets had all but disappeared, after having had for many years having served with such a high profile and popularity. Some were closed, whilst the others not actually attached to a JB Youngs store, were sold off and would end up becoming part of the newly growing local Shoprite supermarket chain. Shoprite had begun its operations in Canberra, around 1976. The Shoprite group, continued to trade right through the 1980s and well into the 1990s.".
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- J._B._Young_Ltd subject Category:Companies_established_in_1914.
- J._B._Young_Ltd subject Category:Defunct_department_stores_of_Australia.
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- J._B._Young_Ltd type CompaniesEstablishedIn1914.
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- J._B._Young_Ltd type Institution108053576.
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- J._B._Young_Ltd type RetailCompaniesOfAustralia.
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- J._B._Young_Ltd comment "JB Young's was a chain of retail department stores, originally founded in the Australian, New South Wales country town of Queanbeyan, by businessman and country traveler, James Buchanan Young, during 1914.James Young, originally from Ireland, had immigrated to Australia during 1885, arriving first in Sydney.".
- J._B._Young_Ltd label "J. B. Young Ltd".
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