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Up for sale a RARE! "Macy's Founder" Fred Lazarus Jr Signed 3.25X5.75 Card.
ES-1875
Fred R. Lazarus Jr. (October
29, 1884 – May 27, 1973) was an American founder of Federated Department
Stores, which became Macy's, Inc. Fred Lazarus Jr. was born to a Jewish family on October 29, 1884, the son of Rose (née
Eichberg) and Fred Lazarus.[1] He was the second of four brothers,
Simon Sr. (August 19, 1882 – December 21, 1947), Robert Sr. (September 20, 1890
– February 4, 1973), and Jeffrey Sr. (June 20, 1894 – 1975). He grew up working
in his family's store, F. & R. Lazarus, founded by his grandfather Simon Lazarus, an immigrant retailer. He briefly attended
the Ohio State University, but
dropped out at the age of 18 to work full-time in the store. He began expanding
the business soon afterward; under his leadership, federated eventually became
the largest department store company in the United States. In 1928, the company purchased The John Shillito Company department
store in Cincinnati. In the summer of 1929, months before the Wall Street Crash of 1929,
F. & R. Lazarus merged with Abraham & York to become Federated Department Stores, of which
"Mr. Fred" was the chairman. Lazarus himself exerted enormous
financial, social, and political clout; he is credited with convincing
President Franklin D. Roosevelt in
1939 to move Thanksgiving a week
earlier, to the fourth Thursday in November instead of the last Thursday in
November, in order to make the Christmas shopping season longer
in those years on which November had 5 Thursdays. The Lazarus family pioneered
many shopping firsts such as the concept of "one low price" (in which
no bargaining was required); theirs was also the first
department store with escalators and the first air conditioned store in the country.