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May 4, 1940: Before Walmart, there was … WT Grant's?

Seventy-five years ago this week, W.T. Grant — the owner of the eponymous chain of department stores — told Congress that efforts to curb chain stores' ability to operate were wrong.

"Chain stores called modern co-operatives"

" 'I believe chain stores have performed a better service … in increasing the number of goods available to consumers at prices they can afford to pay.' "

01 may 1940 modern chain stores WT Grant

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