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(Detroit Free Press)   Walmart, KMart, Target all turn 50 this year. Business experts agree they don't look a day over 49.97   (freep.com) divider line 18
    More: Interesting, Kmart, Target, Wal-Mart, Sam Walton, fluorescent light, Neiman Marcus, blue light, Ben Franklin  
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486 clicks; posted to Business » on 13 Oct 2012 at 9:52 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2012-10-13 08:25:45 AM
Blue light special of a headline subs.
 
2012-10-13 09:38:52 AM
Meh, I'll be at Caldor.
 
2012-10-13 09:52:50 AM
50 years later, Walmart is now trying to keep from being a target of public ire.
 
2012-10-13 10:02:12 AM
Hey everyone, look at Day Over 49.97!!!!
 
2012-10-13 10:13:53 AM

DanZero: Hey everyone, look at Day Over 49.97!!!!


This was the cheaper "Made in China" headline.
 
2012-10-13 10:53:34 AM
...I remember W.T. Grant's (mentioned in TFA) - they were a classic 'five and dime' store (with a killer toy and plastic model section) until their upper management went just a leetle bit infarking sane and killed the company:

"The most apparent cause of the bankruptcy was the company's decision to extend store credit to all customers, with no attempt made to assess the customer's ability to repay. Each of the company's stores had credit managers who authorized the opening of store credit accounts, which resulted in many customers having credit accounts with more than one of the company's stores. In addition, there existed no centralized control or record-keeping of store credit accounts which resulted in noncollectable accounts. The credit was recovered in 1976 by Irwin Jacobs who with the backing of Carl Pohlad purchased their consumer accounts receivable account of $276.3 million for $44 million and 5% of first years sales (The Wall Street Journal July 30, 1980)."


from Link
 
2012-10-13 11:58:18 AM
Wow! That's like 40 dollars!
 
2012-10-13 12:22:45 PM
When I was a kid I thought TG&Y, Gibson's and Spartan were the bees knees.

/feels old
 
2012-10-13 02:10:31 PM
fark that I only shop at Bradlees or Ames (or Clover for the PA/NJ farkers)
 
2012-10-13 03:33:02 PM
Once, Woolworth, Sears and Montgomery Ward ran Retail Barter Town too.

Just throwing that out there.
 
2012-10-13 05:12:15 PM
Younger Farkers curious about this era might investigate the history of "Fair Trade Pricing" (i.e., minimum sales prices set by American manufacturers), and the gradual dissolution of (state) laws permitting them (in the 1950s-60s-70s), as well as individual manufacturers' decisions to either maintain or abandon these agreements.

[Trivia: In New York State, Fulton's department stores were the first (c. 1958) not to observe Prestone's Fair Trade agreements; likewise with Fruit of the Loom underwear (though not until 1975).]

A relation to this is the (MAP) "minimum advertised price" of today for some consumer goods--but it's not nearly as pervasive as things were in the FTP days. Sure, suburbia helped with the rise of the discounters, but then so did the sweeping change in Fair Trade.

The concept has held on here and there, like Wisconsin's longstanding "minimum markup" law for retail gasoline sales--only very recently dissolved, IIRC.
 
2012-10-13 05:17:32 PM
The headline is only funny because there is a mistake in it. I'm sure the mods will soon rectify that.
 
2012-10-14 11:59:11 AM

Gosling: Once, Woolworth, Sears and Montgomery Ward ran Retail Barter Town too.

Just throwing that out there.


In Florida, we had Zayres and Richway (which morphed into Target).
 
2012-10-14 01:08:40 PM
I would have gone with a Jack Benny joke and said that they claim to be only 39.
 
2012-10-14 01:23:39 PM

MBZ321: fark that I only shop at Bradlees or Ames (or Clover for the PA/NJ farkers)


Ames!! LOL
 
2012-10-14 02:40:52 PM
2.bp.blogspot.com
 
2012-10-14 10:13:11 PM

Pope George Ringo: [2.bp.blogspot.com image 500x272]


Parents used to shop there
 
2012-10-15 01:07:16 AM

Makh: 50 years later, Walmart is now trying to keep from being a target of public ire.


When Sam's descendants thought to go all out Benedict Arnold, they earn every bit of it. In addition, their Southern way of considering workers as 3/5th's - given all the effort to antagonize them - is going to accompany them to the overdue end of that company. In addition, it doesn't help that they do the same to suppliers and communities - even if it means engaging in corrupt practices & secrecy to gain a foothold somewhere.
 
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