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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/.
What else can I help you with?
Where was the Target Store that opened in 1962?
The first Target store opened in Roseville, Minnesota, in 1962. It was designed to be a more upscale discount store compared to its parent company, Dayton's. This innovative concept laid the foundation for Target's growth into a major retail chain.
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.
First retail store opened in 1935 by takeo ishimoto?
The first retail store opened in 1935 by Takeo Ishimoto was a significant milestone in Japanese retail history, marking the beginning of the Ishimoto chain. Known for its focus on quality and customer service, the store laid the groundwork for modern retail practices in Japan. Ishimoto's vision contributed to the growth of retail in the country, influencing future generations of retailers.
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 jc penney store opened in claremore?
The JCPenney store in Claremore, Oklahoma, opened on August 12, 1972. It has since been a staple in the community, providing a variety of retail goods and services.
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
