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E. J. Korvette
E. J. Korvette
, also known as
Korvettes
, was an
American
chain of
discount department stores
, founded in 1948 in
New York City
. It is notable as one of the first
department stores
to challenge the
suggested retail price
provisions of
anti-discounting
statutes. Founded by
World War II
veteran Eugene Ferkauf and his friend, Joe Zwillenberg, E.J. Korvette did much to define the idea of a discount department store. It displaced earlier
five and dime
retailers and preceded later
discount stores
, like
Walmart
, and
warehouse clubs
such as
Costco
.
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