Business: Chain Stores

Bulk-buying makes possible penny-clipped selling. Provident housewives cherish pennies. Therefore chain grocery stores attract housewives. Two such chains were welded last week.

1) In 1923, David A. Schulte added Park & Tilford, grocer-confectioners to his other interests.* Last week, he announced he had formed the $20,000,000 Park &Tilford Retail Stores, Inc., to sprinkle 1,000 stores over the U. S.

2) In 1923, Clarence Saunders, head of the Piggly-Wiggly chain grocery stores, tried to corner his company's stock, had it thrown off the board, lost $4,000,000, went $300,000 in debt. Last week, Mr. Saunders...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!