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Marshall Field and Company closed the building in 1930 after the opening of the Merchandise Mart, then the world's largest building, which consolidated all company wholesale business under a single roof. The wholesale store was torn down later in that same year.
In 1982, the discount pioneer John Geisse founded The Wholesale Club of Indianapolis, which he sold to Sam's Club (a division of Walmart) in 1991. [2] In 1983, James (Jim) Sinegal and Jeffrey H. Brotman opened the first Costco warehouse in Seattle. [3] [4] Sinegal had started in wholesale distribution by working for Sol Price at FedMart. [5]
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Lids Corp. was founded in Boston by Douglass Karp (son of real estate developer Stephen R. Karp) and Ben Fischman (son of real estate developer Steven Fischman) in 1993. [3] [4] Hat World, Inc. was founded in 1995 by George Berger, Glenn Campbell and Scott Molander, with its headquarters office in Sioux Falls, SD.
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The wholesale price report comes a day after the government reported that consumer prices rose 2.7% in November from a year earlier, up from an annual gain of 2.6% in October. The increase, fueled ...
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