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Quite a few of the current chain retailers first opened in 1962, mostly discount stores. The more famous nationwide names include Target, Walmart, and K-mart. While not quite a discount store, Kohl's also began that year. The Rite Aid drug store chain began as Thrif D Discount Center in 1962. Many other discount stores that opened in 1962 have gone, including Tempo, a division of the Gamble-Skogmo retail empire which is also gone. The Shopko chain also began in 1962 and has expanded partly by buying up other similar retailers.
The fact that so many local discount stores blossomed around the country in that year had a lot to do with Congress finally repealing "fair trade" laws that set minimum retail prices on many goods. Instead of creating fair trade, these laws let manufacturers set high prices. These laws were left over from the war years and eliminating them opening the flood gates of innovation for discount stores and the vigorous competition that followed.
If you remember a local chain of discount stores from your town, chances are good that it began around 1962-1964. More information is on various pages at www.roadtrip62.com/.
Rosalee Bergstrom
Wiki User
∙ 10y agoQuite a few of the current chain retailers first opened in 1962, mostly discount stores. The more famous nationwide names include Target, Walmart, and K-mart. While not quite a discount store, Kohl's also began that year. The Rite Aid drug store chain began as Thrif D Discount Center in 1962. Many other discount stores that opened in 1962 have gone, including Tempo, a division of the Gamble-Skogmo retail empire which is also gone. The Shopko chain also began in 1962 and has expanded partly by buying up other similar retailers.
The fact that so many local discount stores blossomed around the country in that year had a lot to do with Congress finally repealing "fair trade" laws that set minimum retail prices on many goods. Instead of creating fair trade, these laws let manufacturers set high prices. These laws were left over from the war years and eliminating them opening the flood gates of innovation for discount stores and the vigorous competition that followed.
If you remember a local chain of discount stores from your town, chances are good that it began around 1962-1964. More information is on various pages at www.roadtrip62.com/.
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When was the first JCPenney store opened in California?
1962
What retailer opened its first store in Roseville Minnesota on this day in 1962?
thedailymailer.com/2017/05/01/which-retailer-opened-its-first-store-in-roseville-minnesota-on-this-day-in-1962/
When did Juicy Couture open it's first retail store?
They opened their first store in 1994.
When did the first Target store open?
The first Target store was opened on May 1, 1962 in Roseville, Minnesota. Target is the second-largest discount retailer in the United States, preceded by Walmart.
When was the first Biltema store opened?
Biltema, a chain of retail stores based out of Sweden, was first opened in 1963. The store was in Linkoping, Sweden. There are now stores in Denmark, Norway, and Finland as well.
When was the first Walmart built?
Wal-Mart Store #1 opened in Rogers, Arkansas in 1962.
What year was the first wal-Mart opened?
On July 2, 1962, Walton opened the first Wal-Mart Discount City store located at 719 Walnut Ave. in Rogers, Arkansas.
How did Sam Walton open his retail stores?
The first Walmart opened its doors on July 2, 1962 in Rogers, Ark. Over the next 5 years Sam Walton and his family opened up 23 more stores in addition to the initial one in Rogers, Ark. across the country.
When did kmart open?
The first Kmart store opened in Garden City, Michigan on March 1, 1962
What year was Walmart opened?
The Mayfield, KY Wal-Mart opened in 1981. The Mayfield, KY Wal-Mart opened in 1981.
When did Sam Walton open the first Walmart?
Though there is disagreement about where the first store was opened, the year was 1962. He opened the first Wal-Mart Supercenter in Washington, Missouri
When did The Bay officially become a retail store?
The Hudson's Bay retail outlets first store was opened in 1881 in Winnipeg. The current day company is mostly known as The Bay and has 90 department stores that operate across Canada.
