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Marshall Field's State Street store "great hall" interior around 1910. Marshall Field & Company traces its antecedents to a dry goods store opened at 137 Lake Street [1] in Chicago, Illinois, in 1852 by Potter Palmer, eponymously named P. Palmer & Company.
Dayton's has roots in R.S. Goodfellow & Company, a dry goods business founded as Goodfellow and Eastman in 1878. [5] George Draper Dayton constructed a six-story building at Nicollet Avenue and Seventh Street in 1902 and convinced Goodfellow's, then the fourth-largest department store in Minneapolis, [6] to become the tenant.
The store was renamed the Dayton Dry Goods Company in 1903 and was shortened to the Dayton Company in 1910. [2] Having maintained connections as a banker yet lacking previous retail experience, Dayton operated the company as a family enterprise over which he held tight control and enforced strict Presbyterian guidelines. Consequently, the store ...
He made the store much larger and more distinctive than other stores of the time. Palmer was the first owner to advertise with large window displays that included price comparisons. When Palmer's doctor urged him to get out of the business in 1865 because of ill health, he brought in partners Marshall Field and Levi Leiter. The trio joined ...
Before Marshall Field's death in 1906, his company became the largest wholesale and retail dry goods enterprise in the world. [4] The Marshall Field & Company offered the first bridal registry, provided the first in-store dining facilities and established the first European buying office.
However, the next year, Field and Leiter left to join Potter Palmer in what would become Marshall Field & Co. [3] [4] Farwell's dry goods house then became known as John V. Farwell & Co. [1] The company survived the 1871 Great Chicago Fire and was officially incorporated in 1891, when charge of the company was turned over to his sons. [1]
Marshall Field was born on a farm in Conway, Massachusetts, [1] the son of John Field IV and Fidelia Nash. His family was descended from Puritans who had come to America as early as 1629. [2] At the age of 17, he moved to Pittsfield, Massachusetts, where he first worked in a dry goods store alongside his brother Joseph Field. [3]
When Leiter sold his interest to Field and retired from the dry goods business in 1881, the name was changed to Marshall Field and Company. As Leiter's wealth increased, he invested much of his savings in Chicago real estate. After retirement from Field, Leiter & Co., he devoted his attention to real estate and corporate interests. [10]
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