Jones and his wife, Amy, will run Jones Emporium from the back of the Pendleton store.
Jones may be able to keep the stores open if he keeps administrative costs low and can get former Emporium shoppers back in the door, said Emporium CEO Ron Schiff.
Emporium was founded by Dallas Troutman 48 years ago with a small clothing store in North Bend that grew to more than 30 stores in Oregon, Washington, Idaho, Nevada and California.
Last month, the Cottage Grove Emporium was the first Lane County store to close.
David Keaveney, President and CEO commented, "Rhonda has been running the day-to-day operations at MotorSports Emporium
since she joined our management team back in 2004.
Other Troutman assets include the Emporium-owned store building in Florence and the surrounding shopping center; an airplane and hangar at the Eugene Airport; and accounts receivable from firms that owe Emporium money.
If Dunlap drops out, that may kill any chance for Emporium employees to keep their jobs after store shelves are cleared.
A Texas-based clothing chain with 48 outlets in 11 states on Wednesday said it wants to acquire 15 Emporium stores and keep them running under the Emporium name.
Eugene-based Emporium, with 34 stores, is seeking U.
Now, there is little chance any Emporium
will reopen under a new owner, said William Potter, an attorney for Emporium
's parent firm, Troutman Investment Co.
will come replete with a walk-in humidor containing an elegantly appointed clubroom where cigar connoisseurs can relax and enjoy their favorite cigars.
2 million gives that firm control over seven leases, including the Emporium
space in the shopping center at 29th Avenue and Willamette Street.