Spartans Industries, Inc.

Spartans Industries, Inc.
Item# 3195

Spartans Industries, Inc.
This company has roots in one of the company’s most famous discount store pioneers – EJ Korvettes.

Discount stores date back to post-World War II. They operate on the principle of working with lower markups and try to make it up through greater volume and fast turnover ("fast pennies, not slow dimes"). One of the early discount stores was Korvettes, who was credited with developing the discount pricing model in 1954. At first, prices were quite low and fewer services were offered. Over time, Korvettes starting offering more customer service and prices rose and Korvettes started looking more and more like a department store. Korvettes was also recognized as one of the first discount chains to sell record albums in their stores.

Certificate: Common Stock issued in the 1960’s and 1970’s

Printer: Federated Bank Note Company

Dimensions: 9 1/4” (h) x 11 3/4” (w)

State: NY-New York

Subject Matter: Retail and Related | Department Stores

Vignette Topic(s): Allegorical Featured

Condition: Vertical fold lines, punch hole and stamp cancels in signature areas and body, toning from age.

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