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There were 527 John's Bargain Stores in the Northeast and in Puerto Rico at its zenith in the mid-1960s. [2] Between 1961 and 1965 the chain earned $1,000,000 per year or more in profits each year. However, in 1966 they ran a $523,947 (~$3.76 million in 2023) loss. Shoplifting was a problem, among others. John's had an average 32% markup on its ...
E. J. Korvette. E. J. Korvette, also known as Korvette’s, was an American chain of discount department stores, founded in 1948 in New York City. It was one of the first department stores to challenge the suggested retail price provisions of anti-discounting statutes. [1] Founded by World War II veteran Eugene Ferkauf and his friend, Joe ...
Ames Department Stores, Inc. was an American chain of discount stores based in Rocky Hill, Connecticut, United States.The company was founded in 1958 with a store in Southbridge, Massachusetts, and at its peak operated 700 stores in 20 states, including the Northeast, Upper South, Midwest, and the District of Columbia, making it the fourth-largest discount retailer in the country.
Front of a vintage Woolworth's store on 34th Street in New York City in 1954 Diversification. In the 1960s, the five-and-dime concept evolved into the larger discount department store format. In 1962, Woolworth's founded a chain of large, single-floor discount stores called Woolco. Some of these stores were branded as Winfields, after the ...
Caldor, Inc. was a discount department store chain founded in 1951 by husband and wife Carl and Dorothy Bennett. Referred to by many as "the Bloomingdale's of discounting," [1] Caldor grew from a second story "Walk-Up-&-Save" operation in Port Chester, New York, into a regional retailing giant. [2] Its stores were earning over $1 billion (~$2. ...
Sam Walton's original Walton's Five and Dime, now the Walmart Museum Visitor's Center in Bentonville, Arkansas. The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10.
Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928. [2] [3]
Uncle Giuseppe’s - Italian grocery market chain in New York and New Jersey; Kosher. Motty's (Spring Valley, New York) New Day (Spring Valley, New York) Wesley Kosher (Monsey, New York) Evergreen (Monsey, New York - Lakewood, New Jersey) Seasons – (New York, New Jersey) Seven Mile Market (Pikesville, Maryland), the largest Kosher store in the US
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