Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e
by Fred R. David, Forest R. David
History
In 1919, two brothers, Max and Morris Feldberg, established the New England Trading Company in Boston, Massachusetts, and by 1929, devoted the business to selling ladies hosiery, a luxury during that time. By 1949, the Feldberg brothers were owners of a chain of women’s apparel stores along the East Coast of the United States.
When the next generation of Feldbergs, Stanley and Sumner, took over in the 1950s, they changed the business model to one that offered discounted merchandise to the entire family. They also changed the company name to Zayne Discount Department Store (Zayne) and listed it on the New York Stock Exchange.
In 1976, Ben Cammarata (who recently retired in June 2015), chairman of the Board of Directors, created the brand ...
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