Editing Caldor (section)

{{Short description|Discount department store chain of US discount department stores}}
{{for|the former company town in California|Caldor, California}}
{{Use mdy dates|date=March 2016}}
{{Infobox company
| name = Caldor Inc.
| logo = File:Caldor logo.svg
| type = [[Public company|Public]]
| traded_as = {{NYSE was|CLD}}
| hq_location = [[Norwalk, Connecticut]], U.S.
| founded = 1951
| defunct = May 15, 1999
| founders = Carl and Dorothy Bennett
| fate = [[Bankruptcy]], [[Liquidation]]
| parent = {{plainlist|Independent (1951–1981, 1991–1999)|[[Associated Dry Goods]]/[[May Department Stores]] (1981–1990)}}
| num_employees = 22,000
| num_employees_year = 1998
| num_locations = 145
| area_served = Northeastern United States
| num_locations_year = 1998
| website = [https://web.archive.org/web/20011020190607/http://www.caldor.8k.com/splash.html Caldor.com] (archived)
[https://www.caldor.com Caldor.com]
}}

'''Caldor, Inc.''' was a discount department store chain founded in 1951 by husband and wife Carl and Dorothy Bennett. Referred to by many as "the [[Bloomingdale's]] of discounting,"<ref name="barmash1979">{{cite news|author=Barmash, Isadore |title=A Bloomingdale's of Discounting|work= The New York Times|date= October 28, 1979}}</ref> Caldor grew from a second story "Walk-Up-&-Save" operation in [[Port Chester, NY|Port Chester]], New York, into a regional retailing giant.<ref name="cook1978">{{cite news|title=47 James Cook, 'Doing His Own Thing'|work= Forbes|date= May 1, 1978}}</ref> Its stores were earning over $1&nbsp;billion (~${{Format price|{{Inflation|index=US-GDP|value=1000000000|start_year=1985}}}} in {{Inflation/year|US-GDP}}) in sales by the time Carl Bennett retired in 1985, by which time Caldor was a subsidiary of [[Associated Dry Goods]].<ref name="green1984">{{cite news|author=Green, Richard |title=Carl Bennett steps down at Caldor|work=Stamford Advocate|date= March 23, 1984}}</ref>

Despite its successes, Caldor suffered from financial issues by the 1990s. The company was liquidated and all 145 stores were closed by May 1999.