The oldest component of Towne & Countrye Square was Sayvette, which opened in November 1961. It was the second location for the discount department store chain, which had launched five months earlier in Thorncliffe Park. Management’s dreams of quickly building a Canada-wide chain crashed after the chain sustained a $1.5 million loss in 1962. By the time Towne & Countrye Square was built, Sayvette was supported by a mysterious saviour who eventually turned out to be Loblaws.
