Where it all began: chain retailers' first locations
Filed under: Shopping
But what about your other favorite retail chains? Where did it all begin for them? We visited the corporate Web sites of a dozen popular retailers to see where they got their start.
Roseville, Minn.
In 1962, the Dayton Company entered discount merchandising with the opening of its first Target store in Roseville, Minn. Decorated with a bull's-eye logo, it completely revolutionized the way people thought about discount stores. By the end of the decade, the company expanded into Colorado, Missouri and Texas, with 17 stores and sales over $100 million. By 1979, there were 80 stores. By 1989, 399 stores and today there are 1,743 stores in 49 states. In 2005, that very first store in Roseville was completely rebuilt as the prototype of all Target stores to come.
Kemmerer, Wyo.
Originally called The Golden Rule, James Cash Penney opened his first store in Kemmerer, Wyo., in 1902. At the time, most merchants of the day tended to bargain with each customer to get whatever price they could for their wares. Mr. Penney succeeded by selling on a cash-only basis and selling at "one price" to all customers. After the Golden Rule grew into a chain of stores, the company incorporated in 1913 as the J. C. Penney Company, Inc., and all the stores were changed to JCPenney.
San Francisco, Calif.
In 1969, founders Doris and Don Fisher opened the first Gap store in San Francisco, Calif. By 1970 sales had reached $2 million and a second store in San Jose, Calif. was opened. Today, Gap Inc. operates approximately 3,100 stores worldwide under the Gap, Banana Republic, Old Navy, Piperlime and Athleta brand names.
Rockville, Md.
In 1948, 25-year-old Charles Lazarus turned his dream of creating a child-oriented business into a reality. Lazarus started a baby furniture store, Children's Bargain Town, in Wash., D.C. Although quite successful with baby furniture, his customers were constantly inquiring about children's toys, which he then added. Almost ten years later, Charles opened his second store (in Rockville, Md.) He settled on the name Toys 'R' Us with a backward "R."
Atlanta, Ga.
(Excerpt from corporate.homedepot.com)
The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank, along with investment banker Ken Langone and merchandising guru Pat Farrah. They opened the first two Home Depot stores on June 22, 1979, in Atlanta, Georgia. The first stores, at around 60,000 square feet each, were cavernous warehouses that dwarfed the competition and stocked 25,000 SKUs, much more than the average hardware store at that time. Empty boxes piled high on the shelves gave the illusion of even more product.
Seattle, Wash.
(Parts excerpted from Nordstrom.com's official company history)
In 1887, John W. Nordstrom, at 16 years of age, left Sweden for the United States. He arrived in New York with $5 in his pocket, unable to speak a word of English. In 1901, Carl F. Wallin, a Seattle shoemaker Nordstrom had met in Alaska, offered him a partnership in a shoe store. They opened their first store, Wallin & Nordstrom, on Fourth and Pike street in Seattle. The business grew and in 1923 the partners added a second store in Seattle's University District. Today, Nordstrom operates a total of 196 stores located in 28 states.
Scranton, Pa.
(Excerpt from RiteAid.com)
Rite Aid's first store opened in September 1962 as Thrif D Discount Center in Scranton, Pennsylvania. From the start, the company grew rapidly through acquisitions and the opening of new stores, expanding to five northeastern states by 1965. It was officially named Rite Aid Corporation in 1968, the same year it made its first public offering and started trading on the American Stock Exchange. In 1970, Rite Aid moved to the New York Stock Exchange. Today, it operates nearly 4,800 stores in 31 states and the District of Columbia.
Chicago, Ill.
Sears, Roebuck and Co. was officially formed in 1893. The company dates its history back to 1886 when Richard W. Sears, a railroad agent in Minnesota, received a box of errant watches and then sold them to other agents. In 1888, he began selling watches and jewelry via catalogs. Early in 1925, Sears experimented with one store located in the Chicago mail-order plant. It was an immediate success. Before the year was out he opened seven more retail stores. By the end of 1927 he had 27 stores. (Left: Sears store opening on State Street in Chicago, Ill.)
Brighton, Mass.
In 1986, Staples launched the office products superstore industry with the opening of its first store in Brighton, Mass. In 1996, it becomes a Fortune 500 company and its 500th store opened in Vero Beach, Fla. In 2007, it opened its 2000th Staples store, located in India.
Dallas, Texas
7-Eleven pioneered the convenience store concept way back in 1927 at the Southland Ice Company in Dallas, Texas. In addition to selling blocks of ice, an enterprising ice dock employee began offering milk, bread and eggs on Sundays and evenings when grocery stores were closed. The company's first stores were known as Tote'm stores since customers "toted" away their purchases. In 1946, Tote'm became 7-Eleven to reflect the stores' new, extended hours -- 7 a.m. until 11 p.m., seven days a week.
Charlotte, N.C.
In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, N.C. By 1967, he had 27 stores operating in four states with annual sales of more than $5 million. In 2004, sales exceeded $5 billion. Today, Family Dollar operates over 6,700 stores in 44 states.
Springfield, N.J. (Not pictured)
The driving force behind Bed Bath & Beyond was the partnership between co-founders Leonard Feinstein and Warren Eisenberg who formed Bed 'n Bath in 1971. (The Woodland Hills, Calif. store is shown at left, in a picture taken in 1980.) The company was incorporated in New York and began using the name Bed Bath & Beyond in 1987. Today, they have over 1,000 stores.
- IRS: No More Tax Forms in the Mailbox - CNNMoney
- KEEP WAITING: Who Killed the Electric Motorcycle? - FORTUNE
- REPORT: Pay Gap Persists for Women in Management - Huffington Post
- MARKDOWNS: Where Sellers Are Slashing Home Prices Most - Forbes
- WHOA! What Just Happened to My Stock? - The Motley Fool
- QUESTIONS TO ASK: Not All Credit Counselors Are the Same - FOX Business
- WHAT TO EXPECT: 6 Ways the Southwest Merger Impacts You - SmartMoney
Reader Comments (Page 1 of 1)
9-28-2010 @ 7:11AM
leslamonte said...
the home depot, the Walmart of hardware, nothing but a bunch of china junk.
Reply
9-28-2010 @ 9:40AM
Jon said...
I find myself walking into stores less and less and buying most things over the internet. It's more convenient and since I discovered this penny auction site, HttP://cl.lK/onlineauction so much cheaper. Why would I want to waste gas and deal with traffic?
9-28-2010 @ 9:48AM
RobertK said...
I had a very successful career as a car dealer. In my early 50s, I've retired from the car business and purchased a beautiful home and many acres of land. Unfortunately, the land market took a turn for the worse and suddenly I found myself in debt and unable to pay my bills. At my age, no one would hire me, so I began to look for a business that I could run from home.
After looking at many possibilities, I decided that this opportunity ( http://tinyurl.com/ProfitFromYourHome ) had the most income potential. Starting $50000 in debt, in only one year I had paid off all of my debts, and built a business that now pays me over $8000 monthly. I must say without a doubt that this program is the best program on the net and had change my living lifestyle!
9-28-2010 @ 9:52AM
alma bond said...
this was kind of a fun blast to the past. i knew of every store mentioned, but not the history behind them. how did aol start anyway? i've been impressed with how extensive http://savecreatively.com has gotten so fast. the way they've been updating and expanding. people care about money management and i think are pleased to find a refreshing take on debt and how to handle it. i guess i was. and who doesn't like free samples?! that always keeps me going back for more! thanks again for the walk down memory lane this morning.
9-28-2010 @ 8:12PM
xiuzhongwaid said...
Never did I expect that they would be this massive retail giant with the most stores out of anyone! They've been slamming the competition! Over 2,000 to 3,000 stores today (far more than 536)!
See full article from WalletPop: http://www.walletpop.com/blog/2010/09/28/where-it-all-began-chain-retailers-first-locations/?icid=main%7Cmain%7Cdl3%7Csec3_lnk2%7C173917&icid=sphere_copyrightI love this , So does My boyfriend .he is almost 11year older than me .i met him via agegapsingl es.c'om a nice place for seeking age le ss love.which gives you a chance to make your life better and open opportunities for you to meet the attractive young girls and treat you like a king. Maybe you wanna check it out or tell your friends..
9-28-2010 @ 10:08PM
mafandehen said...
I am an Air Force and single at present .I need a woman who can love me back ..I also uploaded my hot photos on Uniformedmingl e .c om under the name of hoho212..It's the largest and best club for seeking Army, Navy, Marines, Air Force, Police Force, and the admirers of those who wear the uniform.I just hope you don't mind me being a soldier ...Please Check it out!I'm serious.
9-28-2010 @ 11:04AM
www.shopping-followme.com said...
mhββββββββββββββhehe,please click my name,get my e-pageββββββββββββ
The cool sexy summer style for you
we got lots brand summer t-shirt (b a g) (s n e a k e r) (s a n d l e) (s u n g l a s s) (c a p s) etc...
All famous brand and hot (style)!!
[n i k e ] [ j o r d a n ] [s u p r a ] [S h o x ] [P u m a ] PRICE 35 U S D
[l v ] [c o a c h ] [p r a d a ] [c h a n e l] [g u c c i] [ h a n d-b a g] 33U S D
[c h a n e l] [g u c c i] (p u r s e) 15U S D
[D & G] s u n g l a s s e s U S D
(new e-r-a c-a-p) 10 U S D
p a y p a l Accept,Door to Door
k jhmsrth srthse eherh
Reply
9-28-2010 @ 2:43PM
JackAssin said...
When you look at that old Walton's storefront you're looking at the sign of the beast!
Reply
9-28-2010 @ 1:10PM
BillJersey said...
We like WMT so much we got a law to stop their unemployment fraud. Tell the Waltons to stick that in their hat.
Reply
9-28-2010 @ 2:49PM
PN said...
I first saw commercials for Wal Mart on Atlanta's TBS in 1982 when they had only 536 stores and their stores were mostly in the Southeast and the Atlanta area and their Arkansas upbringing. I saw their trucks driving through Atlanta in summer 1984 and summer 1985.It was "That's The Wal Mart way" back then with their slogan long before their current Save Money Live Better. They expanded to North Carolina in 1988 and other states (the first year I shopped there) and I saw their brand just get bigger and bigger in the '90s with their supercenter styled stores. Now you see their stores off the interstate highways just as much as service stations, hotels and truck stops with their own tall signs. Never did I expect that they would be this massive retail giant with the most stores out of anyone! They've been slamming the competition! Over 2,000 to 3,000 stores today (far more than 536)!
Reply
9-28-2010 @ 8:37PM
john said...
Back then Walmart's other advertising slogan was "Made in the USA". You won't see that anymore in their stores .. as everything they sell seems to be made in China.
9-28-2010 @ 6:27PM
Eric said...
I read this months ago! Another recycled blog post.
Reply