E. J. Korvette
American chain of discount department stores dissolved in 1980

E. J. Korvette, also known as Korvette’s, was an American chain of discount department stores, founded in 1948 in New York City. It was one of the first department stores to challenge the suggested retail price provisions of anti-discounting statutes. Founded by World War II veteran Eugene Ferkauf and his friend, Joe Zwillenberg, E. J. Korvette did much to define the idea of a discount department store. It displaced earlier five and dime retailers and preceded later discount stores, like Walmart, and warehouse clubs such as Costco.
The company failed to properly manage its business success, which led to decline and its 1980 bankruptcy and closure.
Innovations
E.J. Korvette's founder, Eugene Ferkauf, began his discounting career in a 400-square-foot (37 m2) loft in mid-Manhattan, New York City. Inventory consisted of well-known brands of luggage, household appliances, and some jewelry. Discounts were one-third off regular prices. Sales were more than $2,500 per square foot. Ferkauf retired in 1968.
The public source identifies “E. J. Korvette” as american chain of discount department stores dissolved in 1980. This brief keeps that definition visible, then builds a research path around Korvette, American and chain.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Jun 15, 2026. The linked authority identifier is Q5321953. VIAF identifies the subject as 134889293. The Library of Congress control number is n82070040. 2 of 3 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 1948, 1980 and 1968.
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This entry incorporates text from “E. J. Korvette” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.