Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Caldor
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===Accelerated growth=== By 1963, Caldor had stores in [[Peekskill, NY]], [[Danbury, CT]], [[Hamden, CT]], [[Norwalk, CT]], and [[Riverside, CT]], in addition to the original location in Port Chester, NY. Staying true to its belief in the benefits of regionalization each new store was planned close to Caldor's headquarters. In November of that year Caldor's common stock, which had [[Stock split|split]] two for one in September, began trading on the [[NYSE American|American Stock Exchange]].<ref>{{cite book|title=Caldor Annual Report|date= January 1963}}</ref> In 1966, Caldor opened its ninth store. Its management, sales, and executive board were also expanded in size and depth.<ref>{{cite book|title=Caldor Annual Report|date= January 1966}}</ref> A report written that same year by The Value Line Investment Survey, one of [[Wall Street]]'s most influential investment advisory services, recognized Caldor as a company growing at a rate of advance faster than that of [[Xerox Corporation]].<ref name="cador1966"/> During the remainder of the 1960s and the 1970s, the economy saw years of booming consumer consumption, as well as contraction and recession. Throughout these changing times and varied economic climates Caldor continued to show healthy profits and expansion.<ref name="fund">{{cite news|title=Caldor, Inc. History|work= Funding Universe}}</ref> Many Caldor competitors, such as [[E.J. Korvette]], [[Grand Union (supermarket)|Grand Way Stores]], [[Two Guys]], and [[W. T. Grant]], did not fare as well and would shut down.<ref name="barmash1979"/> In 1976, Caldor took over seven stores formerly operated by the defunct W. T. Grant, giving Caldor immediate access to locations that were already zoned for retail outlets and access to fast-tracked expansion. According to Bennett, those stores became "immediately profitable" for Caldor.<ref name="barmash1981">{{cite news|author=Barmash, Isadore|title=How Caldor's $8,000 Grew to $313 Million|work= The New York Times|date=February 1, 1981}}</ref>
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)