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The Merchandise Mart (or the Merch Mart, or the Mart) is a commercial building in downtown Chicago, Illinois.When it opened in 1930, it was the world's largest building, with 4 million square feet (372,000 m 2) of floor space.
The New York Merchandise Mart, also known as 1 Madison Square Plaza, is a building in the Flatiron District of Manhattan, New York City, at 41 Madison Avenue at East 26th Street adjacent to Madison Square Park. [1]
When the building was constructed, it was the world's largest wholesale buying center, featuring over 1,000 display showrooms representing over 3,000 clothing lines. It was Chicago's attempt to replace New York City, where businessmen have to travel to 20 different buildings to see a comparable variety of clothing as the world's fashion center. [9]
In other cases, the merchant is assessed "counter rent" for a "store-within-a-store" concept, common in the cosmetics industry, but also not unheard of in clothing. In other cases, the vendor agrees to buy back unsold merchandise from the retailer — this is a common arrangement for higher-value seasonal clothing, like designer coats.
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services.
The store was a middle-market chain focused primarily on softlines, similar to Kohl's and Mervyn's. MainStreet stores often featured a "racetrack" layout like a discounter, but checkouts were distributed around the store like a traditional department store. The first locations outside the Chicago area opened around Metro Detroit in 1986. [2]
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