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Philadelphia Institution

March 12, 2014

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Profile America — Wednesday, March 12th. One of the most famous department stores in America opened in Philadelphia on this date in 1877. Wanamaker's, now absorbed into the Macy's family of department stores, opened in a converted train station and is now a national historic landmark. The store was among the first in the country to make the experience of shopping as much a draw as the merchandise itself, pioneered the use of the price tag, and was the first to install a restaurant on the premises. In the U.S. today, there are just over 8,500 traditional department stores, including leased departments, employing over a half-million people and generating nearly $185 billion in annual sales. You can find current data on the country's economy by downloading the 'America's Economy' mobile application at <www.census.gov/mobile>

Sources:
http://www.raken.com/american_wealth/merchant_princes/Wanamaker_4.asp

http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2007_US_44A1&prodType=table NAICS 452111

http://www.census.gov/retail/index.html#arts Annual Retail Trade Survey—2011:
Sales (1992-2011)

http://www.highbeam.com/doc/1G1-17269945.html


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Source: U.S. Census Bureau | Public Information Office | Last Revised: February 21, 2014