Les Schwab (1917–2007) founded the company in 1952 with a single store in
Prineville, Oregon, when he bought OK Rubber Welders. to boost sales during slow late-winter months. Corporate headquarters were moved from Prineville to
Bend in 2008. The EEOC suit claimed the company denied women top management positions in the company and noted that at the time of the filing there was but a single female assistant store manager. That year the company ranked as the 318th largest private company according to
Forbes. The chain operated more than 410 stores in 2007, The company does more than $1.6 billion in sales each year, then chairman Phil Wick died in 2010. In September 2020, CEO Jack Cuniff announced that the company would be sold to a San Francisco investment fund. The sale, to
Meritage Group LP, was finalized in November 2020. In 2024, Les Schwab expanded eastward with new locations in
North Dakota,
South Dakota, and
Minnesota; as of 2025, it has more than 540 stores. ==Operations==