Do they still have OTASCO and Western Auto stores in America?

Question

We were reminissing.

Oklahoma Tire and Supply Company



LEAD: Otasco Inc., a Tulsa-based retail chain, filed for Chapter 11 bankruptcy reorganization and closed 170 stores in 11 states, said Jerry Goodman, chairman and chief executive of the company. Otasco's 1,600 employees were told that they were being discharged, he said.

Otasco Inc., a Tulsa-based retail chain, filed for Chapter 11 bankruptcy reorganization and closed 170 stores in 11 states, said Jerry Goodman, chairman and chief executive of the company. Otasco's 1,600 employees were told that they were being discharged, he said.

Mr. Goodman said Otasco, bought by its employees four years ago, had $187 million in assets and $163 million in liabilities. He said that the company had reached an impasse in its negotiations with its bankers and that it had decided to file for Chapter 11 because it did not have the money to buy its Christmas inventory. Otasco specializes in automotive products and appliances.

Answer 1

I don't know about OTASCO but I know of two Western Auto stores in Maine. As recently as five months ago both were still in business. I never heard of Otasco. Was it a regional chain?

Answer 2

I haven't seen a Western Auto in about 40 years.

Answer 3

I don't know of otasco? but western autos were owned buy Woolworth/woolco company and it seems when they folded up the rest closed too! and i think they were run out by Wal-mart?!!

Answer 4

,Yes I still have a western auto store in my area. Pennsylvania