I checked my 1959 Kingsport City Directory and saw that this location, on the corner of East Market and Cherokee Streets (245 East Market Street) , was then W.B. Greene’s Bargain Annex (used furniture). Nick’s Western Shop, which also specialized in square dancing regalia, was owned by Nick Drakos.  I can anecdotally  track the business back to around 1960 or so, but I don’t have a firm opening date.  I think I took this in the mid-90s, when I learned that Nick’s was going out of business.  Corrections and additions appreciated!