Great service. Brand names. Quality merchandise. Broad selections and exciting fashions.
That's what makes for a pleasant shopping experience and what keeps our customers
coming back to Caldor again and again.
From Where We Came...
In 1951 Carl and Dorothy Bennett opened a small store in
Port Chester, New York. They combined their first names to form the name of the store:
"Caldor". Their 1,500 square foot store, which featured a gift department and a
camera department, was driven by a vision to provide quality merchandise at discount prices.
Before long, though, new lines of merchandise were added and by the mid-1960s, their
single store had evolved into several locations. Caldor now carried a larger line of
hardlines, in addition to homelines and apparel.
As the Company's reputation and business grew, more stores
were added throughout Connecticut, New York and Massachusetts. By the
mid-1970s Caldor had grown to 42 stores. By the late 1980s, the company entered the State of New Jersey, New
Hampshire. Rhode Island, Maryland, and Pennsylvania. Caldor had become one of the
dominant retail organizations in the Northeast.
After realizing their goals, the Bennetts sold Caldor to
Associated Dry Goods Corporation (ADG) in 1981. ADG focused on rapid growth in
store base, increasing the number of stores from 63 to 115 by 1986.
Then, in 1986, ADG merged with the May Department Stores Company. Caldor continued to grow and prosper under the May umbrella.
In October 1989, Caldor moved into a new dimension under new
ownership: Odessey Partners L.P., Caldor Senior Management, May Department Stores Company,
and Donaldson, Lufkin & Jenrette.
In March 1991, Caldor offered its common stock to the public, trading on the New
York Stock Exchange (NYSE:CLD).
Caldor in the Community...
Caldor believes it is important to be involved in community events. This year
Caldor is the presenting sponsor for the 22nd Annual SoNo Arts Celebration in historic South
Norwalk, Connecticut. This unique event, which drew more than 70,000 visitors last year, features over 150 juried
arts and crafts exhibits, dozens of performers, food vendors, and special attractions. Best of
all ... it's free!
The Caldor Good Neighbor Program provides Caldor store associates
with opportunities to improve the quality of life in their
communities through a variety of programs. Some associates work with community
agencies to clean up a park, Adopt-a-Highway, or other areas that members of your community
can enjoy. Still others volunteer their time and energy to an organization in
need of volunteer assistance, such as serving meals at a local homeless shelter or soup
kitchen.
In February 1998, Caldor announced its donation of $20,000 to local health programs
for women. From February 8 through February 14 Caldor contributed ten cents for each
Kimberly Clark sale item purchased in its stores. Organizations that each received a
portion of the funds raised include: Adelphi New York Statewide Breast Cancer Hotline and Support Program; Linda Creed Breast Cancer Foundation of
Pennsylvania; and the Connecticut Breast Cancer Coalition.
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