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Caldor
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===Purchase by Associated Dry Goods=== [[File:Caldor Rainbow Logo.svg|thumb|right|Longest used iteration of the "rainbow" logo, in use from 1974 to 1982]] In 1981, [[Associated Dry Goods]] (ADG), the owners of [[Lord & Taylor]] and other quality department stores, purchased Caldor, Inc. for $313 million (~${{Format price|{{Inflation|index=US-GDP|value=313000000|start_year=1981}}}} in {{Inflation/year|US-GDP}}). Attracted to its growth potential and low debt, the 63-store Caldor chain was ADG's first entry into the realm of discount retailing. Bennett was retained under a three-year contract, and ADG brought on several other Caldor executives.<ref name="fund" /><ref name="barmash1981" />
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