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Aaron Montgomery Ward founded his company - First Mail Retailing
American merchant Aaron Montgomery Ward (1843-1913) helped create mail order retailing and built the large mail-order house which bears his name. -
Frank Winfield Woolworth - First Five Cents Store
Opened the first five & dime store. -
Sebastian Kresge - Founder of Kmart
S.S. Kresge Company founded by Sebastian S. Kresge. Nowadays, the company is known as Kmart. -
Hechinger stores founded - First Home Improvement Store
Hechinger stores founded - First Home Improvement Store -
KB Toys
Founded in 1922 by the Kaufman brothers. -
S.S. Kresge Company, Ltd.
Kresge Canadian subsidiary S.S. Kresge Company, Ltd. was founded -
Zellers Founded by Walter P. Zeller
Zellers Founded by Walter P. Zeller in Canada. W.T.Grant Co. becomes owner of Canada's Zellers discount chain in 1959. -
IKEA Founded
IKEA was founded in 1943 by Ingvar Kamprad in Sweden and it is owned by a Dutch-registered foundation controlled by the Kamprad family. -
E. J. Korvette Founded
First Discount Store. -
Circuit City Stores, Inc. Founded
Circuit City Stores, Inc. Founded as Wards Company -
Mervyns Founded
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Simpson-Sears Founded in Canada
Simpson-Sears founded in Canada. -
Ames Department Stores Founded
Gilman Brothers, opened their first Ames store in Southbridge, Mass. Also major in discount retailing. Run out of business in 2002. -
Target Stores founded
In 1962, the first Target store opened in Roseville, Minnesota, and in 2000 the company changed its name from Dayton Hudson to Target. -
First Wal-Mart Store Opened.
Wal-Mart stores founded by Sam Walton in Arkansas -
Kohl's Stores Founded
Max Kohl opened his first Kohl's Store in 1963. -
Best Buy Founded
Richard M. Schulze and business partner James Wheeler open Sound of Music, an audio specialty store, in Saint Paul, Minnesota, the future Best Buy. -
Opening of the First Price Club
Opening of the first Price Club. Foundation for companies like Costco. -
Home Depot Founded
The Home Depot was founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brill, and Pat Farrah. -
Future Shop Founded in Canada
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Costco Wholesale Corporation formed
Founded by James Sinegal and Jeffrey Brotman, Costco opened its first warehouse in Seattle, Washington, on September 15, 1983. -
Wal-Mart Became the World's Largest Retailer
Wal-Mart becomes the world's largest retailer with $32.6 billion in sales. -
Wal-Mart Entered Canada
Wal-Mart entered Canada with the acquisition of 122 of the 166 Woolco stores. -
Amazon.com, Inc. Launched
Jeff Bezos founded Amazon.com, Inc. in 1994 and launched it online in 1995 -
Best Buy Acquired Future Shop
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Ames Run Out of Business
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Kmart went Chpt 11.
On January 22, 2002, Kmart filed for Chapter 11 bankruptcy protection. -
Kmart and Sears Merged
Kmart and Sears, Roebuck & Co. to merge to create Sears-Holding Corporation. -
Wal-Mart sales Hit 256Billion.
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Wal-Mart Sales Hit 312.4Billion.
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Mervyns Run Out of Business
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KB Toys Run Out of Business.
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IKEA's annual Visitors Hit 631Million World-Wide.
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Circuit City Run Out of Business