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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 ]
E.J. Korvette Korvette's Founded 1948, Bankrupt 1980. E.L. Leland & Co. Saugatuck [191] [192] The Fair The Fair Savings Bank Department Store, later abbreviated to the Fair Store (1888 - 1965) Escanaba, Lansing, Flint opened its doors in 1888 and operated on Ludington Avenue. Allowed their clerks to unionize, even as their competitors resisted ...
Bernard Marcus, one of the founders of Home Depot, began his retail career when he convinced the Hubschmans to let him operate the cosmetics concession at a Two Guys store in Totowa, New Jersey. He eventually was put in charge of first sporting goods and the major appliance department. He left the company prior to Herbert Hubschman's death.
Arlen owned E. J. Korvette from 1971 to 1979, and used E. J. Korvette 50 stores as a source of cash flow. Under Arlen's ownership, Korvette's stores deteriorated and lost market share. [12] Arlen sold the chain to the Agache-Willot Group of France in 1979. [12]
Al's Auto Supply – Chain that operated in Washington, California, Idaho, Oregon, Nevada and Alaska; purchased by CSK Auto.Founded by Abe "Al" Wexler in Everett, Washington in the late 1950s; [1] [2] sold 15 store chain to Paccar in 1987; [3] Paccar sold chain (along with Grand Auto) in 1999 to CSK Auto which eventually rebranded stores as Schucks.
Serving as Arlen's chairman, Cohen began by developing suburban shopping centers throughout the country, and in 1971 he purchased the national discount retail chain E.J. Korvette. By 1975 Arlen owned and managed over 42,000,000 square feet (3,900,000 m 2) of shopping centers, and was the largest publicly traded REIT in the nation.
Many Caldor competitors, such as E.J. Korvette, Grand Way Stores, Two Guys, and W. T. Grant, did not fare as well and would shut down. [1] In 1976, Caldor took over seven stores formerly operated by the defunct W. T. Grant, giving Caldor immediate access to locations that were already zoned for retail outlets and access to fast-tracked expansion.
President of E.J. Korvettes, Best & Company, and Klein Department Stores Jack Schwadron (February 10, 1927 – October 11, 2011) was an American businessman in retail. He started at Alexander's Department Store and went on to be president of E.J. Korvette , Klein Department Stores , and Best & Company .