Editing Caldor (section)

===Initial expansion===
With business growing steadily, the original store was replaced in 1953 with an expanded location in Port Chester, NY that also provided more modern amenities.<ref name="mark1963" /> A second Caldor was added in 1958, a 70,000-square-foot store in [[Norwalk, CT]].  This year also marked Caldor's introduction of apparel to its product line.<ref name="corner1970"/>

In 1961, with four locations, Caldor Inc. went public with Carl Bennett serving as president, director, and chairman of the board, and Dorothy as treasurer and director. Carl's brother Harry Bennett served as vice president. That same year fire destroyed the Norwalk store and all of its contents.<ref>{{cite web|url=http://www.fultonhistory.com/Process%20small/Newspapers/Newspapers%20%20Out%20of%20NY/Wilton%20CT.%20Bulletin/Wilton%20CT%20%20Bulletin%201960-1961%20%20Nov-Jun%20Grayscale.pdf/Wilton%20CT%20%20Bulletin%201960-1961%20%20Nov-Jun%20Grayscale%20-%200616.pdf|title=The Wilton Bulletin|website=Fultonhistory.com|accessdate=January 3, 2015}}</ref> Ever resourceful, Caldor continued to serve the Norwalk community by operating out of three temporary stores close to the damaged outlet, which was quickly being rebuilt. Despite this setback that destroyed nearly seven months of inventory, the company posted an increase in sales of approximately 43% over the previous year.<ref>{{cite book|title=Caldor Annual Report|date= January 1962}}</ref>
 
Part of Caldor's financial success was convincing vendors of Caldor's billing incentives. Caldor got most, if not all, of their vendors to agree to a 2% 10/net 30–60 format. This meant if they paid the vendors within 10 days of receipt, Caldor got 2% off or a net payment within 30 or 60 days.{{explain|What does "net payment within 30 or 60 days" mean?|date=March 2021}} This saved the company a substantial amount of money which allowed them to pass savings on to their customers and to promote their extremely fast growth.