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The year that changed retailing forever

from Bloomberg

Attention, discount shoppers! It's time for a celebration. This spring, Americans mark half a century of discount retailing — or would mark it, if they weren't so busy shopping. Discounting doesn't really have a birth date; the idea that a store can move more goods by knocking down the price is as old as retailing itself. But this spring marks the 50th anniversary of a discounting revolution that helped shape modern retailing. more

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