Grants Known For Values 1906 Socks
Description: In 1906 the first "W. T. Grant Co. 25 Cent Store" opened in Lynn, Massachusetts. Modest profit, coupled with a fast turnover of inventory, allowed the stores to grow to almost $100 million annual sales by 1936. By the time Grant died in 1972 at age 96, his chain of W. T. Grant Stores had grown to almost 1,200. At the company's end, headquarters were atop One Astor Plaza, a prominent building of New York City's skyline on Times Square. Grant's stores were slower than others to adapt to the growth of the suburbs and the change in shopping habits that this entailed, and the attempt to correct this was belated. W. T. Grant's bankruptcy in 1976, which was the then-second biggest in US history.
Description: In 1906 the first "W. T. Grant Co. 25 Cent Store" opened in Lynn, Massachusetts. Modest profit, coupled with a fast turnover of inventory, allowed the stores to grow to almost $100 million annual sales by 1936. By the time Grant died in 1972 at age 96, his chain of W. T. Grant Stores had grown to almost 1,200. At the company's end, headquarters were atop One Astor Plaza, a prominent building of New York City's skyline on Times Square. Grant's stores were slower than others to adapt to the growth of the suburbs and the change in shopping habits that this entailed, and the attempt to correct this was belated. W. T. Grant's bankruptcy in 1976, which was the then-second biggest in US history.
