Business & Finance: Cash & Credit

Oldest department store in Philadelphia is Strawbridge & Clothier, established in 1862 by Quaker Justus C. Strawbridge who was joined by Quaker Isaac H. Clothier. The founders did a rushing business in Quaker shawls & bonnets which Strawbridge & Clothier still sells today. Only once in 73 years has it ever lost money. That was the year (1932) it opened its 14-story Market Street skyscraper, Philadelphia's most modern store. More conservative than Gimbel's, second only to Wanamaker's in total sales, Strawbridge & Clothier prides itself on a long list of innovations. It sent...

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