In retail history

Piggly-wigglyOn September 6, 1916, Clarence Saunders launched the self-service grocery store revolution in the United States by opening his Piggly Wiggly store, at 79 Jefferson Street in Memphis, Tennessee.

Customers entered though their characteristic turnstile at the entrance and then selected goods for themselves from the shelves and paid cash. The store was the first grocery store to use check out aisles in the front of the store, pricing on all items on the shelves and later developed the first shopping carts to aid in shopping. Piggly Wiggly created elaborate aisle displays and arranged the store so customers would travel down all the aisles and view all the merchandise.

Saunders was granted a patent in 1917 for the “Self-Serving Store” concept. Self-serve became so popular that throughout the 1920s & 30s, many grocery and other types of stores converted to self-serve.

In retail history

World's 1st ATM

World’s 1st ATM

As of September 2nd, 1969, the people of the United States no longer had to spend their lunch hour waiting in line or rushing out to the bank before the 5 o’clock bank closing to get access to their hard-earned cash for shopping.

Chemical Bank debuted the first automatic teller machine (ATM) at Rockville Center, New York.  The world’s first ATM was installed by Barclay’s in North London on June, 27th, 1967.

There are now over 425,000 ATMs in use in the United States.

In retail history

Using money that he had received as an inheritance and savings from his job as a tutor, Irishman Alexander Turney Stewart opened a small shop selling Irish fabrics and lace along with domestic calico at 823 Broadway in New York.  The date was September 1st, 1823.  From this humble start, Stewart was to build a commercial empire and amass a fortune equivalent to $90 billion in today’s dollars.

A._T._Stewart_1870

With early success in his first shop, Stewart built a larger building across the street in 1846.  The building eventually became known as the Marble Palace due to its unique Tuckahoe Marble facade.  To keep up with business, the building was expanded in 1851, 1852 and 1871.  This was the birth of the modern department store.

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