TELECOM Digest OnLine - Sorted: Re: Somewhat Off Topic But a Must Read

Re: Somewhat Off Topic But a Must Read
Sat, 20 Nov 2004 09:38:42 EST

In a message dated Sat, 20 Nov 2004 02:09:46 +0000, (Robert Bonomi) writes:

> K-Mart was *never* Kresge's.

> K-Mart and Kresge's existed simultaneously.

> Yes, K-Mart was owned by the parent of the Kresge's stores -- and
> was set up to compete in the 'discount store' niche (i.e. against
> _Target_). Kresge's competed against Woolworths, and the other
> full-line retail-only (no catalog mail-order/phone-order sales)
> department stores.

Woolworth's had Woolco discount stores. May Department Stores had
Venture. There were other discount chains before them which have
disappeared. Target was probably not a principal competitor for
K-mart at that time, just one of many competitors in the field. (A
Target store in Oklahoma City now occupies the building once used by
one of those long-departed chains.)

I remember Kresge's as well as K-mart. There was a considerable overlap
in merchandise, as there is today between discount stores and the few
remaining "five-and-ten cent" stores.

Target was not a major player then. The S.S. Kresge Company eventually
changed the corporate name to K-mart.

Target, originally an operation of Dayton-Hudson Corporation which
owned a variety of traditional department stores, became a survivor
and profitable ... so profitable that Dayton-Hudson changed its name
to Target Corporation and then earlier this year sold off its
prestigious department stores and its junior department stores.

Wes Leatherock

[TELECOM Digest Editor's Note: And don't forget Bloomingdale's
Department Store in New York City. Diner's Club credit card had
its origin as the internal store credit department of Bloomingdale's
in the 1930-40 era. Alfred Bloomingdale, owner of the department
store bearing his name was the first Chairman of the Board of
Diner's Club when the two credit functions were split apart around
1950 or so. PAT]

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