THROWBACK THURSDAY: Costco Begins Test-Marketing Caskets in Chicago

{from “This Day in Business History” by Raymond L. Francis} On this day in 2004, Costco Wholesale Corp. began test-marketing caskets in two Chicago stores, displayed next to mattresses. The profit potential was obvious, in light of the funeral industry’s reputation for high mark-up and bundled expenses. An official with the Casket and Funeral Supply […]

THROWBACK THURSDAY: Debut of Teddy’s Bear

{From “This Day in History” at History.com} On February 15, 1903, toy store owner and inventor Morris Michtom placed two stuffed bears in his shop window, advertising them as Teddy bears. Michtom had earlier petitioned President Theodore Roosevelt for permission to use his nickname, Teddy. The president agreed and, before long, other toy manufacturers began […]