Retailing's Back to the Future - The Merchant Kings of MartinPatrick3 [Forbes]
General Mills, Inc. (GIS)
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Source: Forbes
Retailing's Back to the Future - The Merchant Kings of MartinPatrick3 Besides Mall of America, Minneapolis has another major retail draw - MartinPatrick3. Sanford Stein For Minneapolitans the death of the Dayton’s retail brand in 2001 marked the end of the merchant driven department store era. Its roots go back to George Dayton’s naming of the Dayton Dry Goods Co. in 1902. Mr. Dayton did for the upper-Midwest, what W. J. Nordstrom did in Seattle in 1901, what Carson Pirie Scott did for Chicago, in 1903, and what Herbert Marcus Sr., sister Carrie Marcus Neiman, and husband A. L. Neiman did in Dallas in 1907. These, among many others, were America’s preeminent merchant kings. They combined vision, business acuity, and merchandising genius to “fashion the middle class” while becoming near sacred retailing institutions in the cities of their origin. Much has been written about the downward spiral in the department store category. The decades-long unrelenting acquisitions, homogenization,
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Earnings
- 3/20/24 - Beat
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Sec Filings
- 4/18/24 - Form FWP
- 4/18/24 - Form 424B5
- 4/10/24 - Form SC
- GIS's page on the SEC website