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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 ]
In the early 1970s, it was one of the largest publicly traded real estate investment trusts. Arlen began by developing suburban shopping centers throughout the United States, and in 1971, it acquired discount retail chain E.J. Korvette. By 1975, Arlen owned and managed over 42 million square feet of shopping centers, and controlled over $1.7 ...
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 .
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 ...
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.
H. J. Wilson Co. – Southern states, based in Baton Rouge, Louisiana; acquired by Service Merchandise in 1986 [39] [40] K's Merchandise Mart – liquidated in 2006 Luria's – originally L. Luria & Son, was a chain of catalog showroom stores in Florida, from 1961 to 1997.
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In December 1968, Alexander's became a public company via an initial public offering, raising $41.17 million (~$275 million in 2023), in part to prevent a takeover from competitor E. J. Korvette. [7] [8] [12] Founder George Farkas retired that year due to failing health and one of his sons, Alexander S. Farkas, became CEO. [7]