E. J. Korvette, Inc. Stock Certificate

Description

Product Details
Beautifully engraved antique stock certificate from E. J. Korvette, Inc. dating back to the 1950's and 1960's. This document, which contains the printed signatures of the company President and Secretary, was printed by the American Bank Note Company and measures approximately 12" (w) by
8
" (h).
The vignette features an allegorical female figure, winged wheel, and globe.
Images
The images presented are representative of the piece(s) you will receive. When representative images are presented for one of our offerings, you will receive a certificate in similar condition as the one pictured; however dating, denomination, certificate number and issuance details may vary.
Historical Context
Discount stores date back to post-World War II. They operate on the principle of working with lower markups and try to make it up through greater volume and fast turnover ("fast pennies, not slow dimes"). One of the early discount stores was Korvettes, who was credited with developing the discount pricing model in 1954.
At first, prices were quite low and fewer services were offered. Over time, Korvettes starting offering more customer service and prices rose and Korvettes started looking more and more like a department store. Korvettes was also recognized as one of the first discount chains to sell record albums in their stores.