In Aug. 7 IssueBy Derek AaronRussell County News Editor
More than five years after opening the first Mighty Dollar location in Russell Springs, Vince and Debbie Wilson and Ricky and Kelly Roy now own three other locations in the state and have just opened Mega-Bargain in Somerset.
The family owned and operated Mighty Dollar locations include the one in Russell Springs, Bowling Green, Russellville and Somerset with the newly-minted Mega-Bargain located right next to the Somerset Mighty Dollar on US 27 before you get to Somerset Mall.
Kelly said the businesses have been able to prosper and expand as lower leases allowed for more locations, and during the economic downturn closeout and bargain stores have been some of the most popular in the country. The families own the building in Russell Springs.
The Roys manage the stores in Somerset and Bowling Green while the Wilsons manage the Russell Springs and Russellville locations.
"We split up and it keeps us busy," Vince said. "We're pretty much hands-on and we do a lot of work ourselves."
Kelly said what kept them busy was buying the merchandise to go into the one dollar stores.
"We go to a lot of trade shows during the year," she said. "We probably go to Chicago eight times a year, alone."
Wilson said the 10-12 trade shows per year keeps the stores filled with interesting, sometimes rare items.
"We try to find the good stuff," Roy added.
Wilson said the store maintained its continuity items while also focusing on closeout items that also sell for one dollar.
"We try to find a lot of closeout items to keep the inventory changing all the time," Roy said. "We keep it interesting and it keeps bringing people back."
Wilson said it is possible for the store to have an item one time and never have it again.
"People learn that when they come in and see something that they like they need to get all they want of it then," he said. "When they go home and come back, it is gone." Kelly said they would keep the prices of the merchandise one dollar as long as they could.
"The profit margin is getting a little tighter as we go but we're keeping it as low as we can for as long as we can," she said. She did not anticipate any jumps on merchandise to higher than one dollar.
"One reason for expansion is the more you buy, the cheaper you can get stuff," she said. "Everybody that comes in wants a store in their town,"
She said the stores employ between 50 and 60 combined at all five store locations.
The newest store, Somerset's Mega-Bargain, opened on July 17 next to the Mighty Dollar.
Roy said when they visit the trade shows there are always a lot more stuff that are good deals, but cost more than one dollar. That is why they opened up the new facility, which is connected by a door to the Mighty Dollar.
"There are just a lot of good deals out there," she said. "We have a full line of purses and tote bags, UK items, baby and wedding gifts, scrapbooking, educational and primitive home décor."
She also said the new store featured a closeout section of items that will routinely change.
"Those categories may not stay but that is what we have right now," she said. "Whatever we find that is a good deal will be in there." Both agreed that the reception of the new store has been great.
"It is a bump up in the quality," she said.
The Wilsons and Roys wanted to thank everyone for the business and support through the years and invited everyone to come check out the new store in Somerset, which is open from 9 a.m.-6:30 central time, Monday through Thursday, and from 9 a.m. -7:30 central time, with Sunday hours from 12:30-5 p.m. central.