Unlock stock picks and a broker-level newsfeed that powers Wall Street.

Neisner's was called 'one of the nation's greatest mercantile enterprises.' What happened?

Back when downtown Rochester was lined with retail stores, Neisner's was one of the most affordable shopping options.

Lumped in with stores like Woolworth's and Kresge's, Neisner's was known as a five-and-dime. But there was lots of money to be made in those nickels and dimes (although prices actually were slightly higher) — by 1968, for instance, Neisner's reported record sales of $100 million.

Neisner's relied on a merchandising policy of lower profit margins and large volume of sales. The Neisner chain, which later included Big N stores, operated 192 outlets throughout the U.S. at its peak in 1967, according to a 1978 Times Union story. And it all started in downtown Rochester.

Brothers Abraham and Joseph Neisner, natives of New Hampshire, opened their first store at 200 E. Main St. in 1911. They followed with a second store in Worcester, Massachusetts, two years later and a third in Philadelphia in 1915.

Neisner's was never as flashy as its Rochester contemporaries like Sibley's and McCurdy's. Instead, it was a comfortable place to get a bargain and a bite to eat. The "five-and-dime" policy ended after World War I, when the upper price range increased to a dollar, but thrifty shoppers continued to scour Neisner's for its low prices and wide selection of goods for decades.

"The firm now calls itself a 'variety-junior department store,' " stated a 1961 Times Union story noting the company's 50th anniversary. "Even before 1925, when it was called a 'five and dime,' the merchandise was in a slightly higher bracket than goods in stores of the same category."

Neisner's stressed a "family" atmosphere and, as Bob Marcotte noted in a 2010 Democrat and Chronicle story, longtime employees confirmed that the feeling was mutual. A 1951 Times Union story said Neisner's pioneered retail-employee profit sharing, extended vacations, bonuses and group insurance and retirement plans. A 1955 news story noted that 25-year employees got $1,000 bonus checks, a lot of money back then.

The flagship store on East Main was greatly expanded and renovated by the late 1940s. A Times Union story from November 1949 outlining the seven-month remodeling project stated, "Today was Neisner Day on Main Street." The article noted an "eager crowd" that witnessed "one of the most modern and complete establishments of its kind in the country."

The story's headline called Neisner's "one of the nation's greatest mercantile enterprises."