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All About Caldor


Welcome to Caldor ...

it's an exciting place to shop and it's an exciting place to work!

Caldor is an upscale promotional discount department store selling a full range of national and owned-brand general merchandise that meets the basic and discretionary needs of families.

Caldor is one of the nation's largest discount store chains, with 145 stores located in nine states in the Northeast and the Mid-Atlantic. Located in Norwalk, Connecticut, the Caldor Corporate headquarters is less than an hour to midtown Manhattan, and only 2 1/2 hours from the Boston area.

Caldor operates exclusively in densely populated urban/suburban markets. In fact, we have more stores in such markets than any other regional discount chain.  This requires many different store layouts but all with the same purpose: to provide our customers with a unique shopping experience.

Our Greatest Asset?  Our Customer!

All the activities that take place in our organizations are driven by the same vision:  to make customer satisfaction our number one priority.

Our goal at Caldor is to develop loyal customers. We do that by providing customers with exciting merchandise at value prices in a friendly shopping environment. 

star4a.gif Our self-service store environment is easy, fast, and safe to shop.
img/star4a.gif Our stores emphasize fashion trends in all product areas, and excel in the family apparel and fashion home categories.
star4a.gif Our everyday prices on directly comparable items are equal to the core competition.
star4a.gif Our promotional strategy is driven by weekly circulars featuring a wide array of promotional merchandise at compelling prices.

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Fiscal Year End:  January 1998
Sales:  2,496.7 (millions)
Employees:  22,000
Address:  20 Glover Avenue
City / State / Zip:  Norwalk, CT 06856
Phone:  203-846-1641
Fax:  203-849-2019
CEO:  Warren D. Feldberg
CFO:  John G. Reen
HR:  Dennis M. Lee


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Great service. Brand names. Quality merchandise. Broad selections and exciting fashions. That's what makes for a pleasant shopping experience and what keeps our customers coming back to Caldor again and again.

carousel.jpg From Where We Came...

In 1951 Carl and Dorothy Bennett opened a small store in Port Chester, New York. They combined their first names to form the name of the store: "Caldor". Their 1,500 square foot store, which featured a gift department and a camera department, was driven by a vision to provide quality merchandise at discount prices. Before long, though, new lines of merchandise were added and by the mid-1960s, their single store had evolved into several locations. Caldor now carried a larger line of hardlines, in addition to homelines and apparel.

As the Company's reputation and business grew, more stores were added throughout Connecticut, New York and Massachusetts. By the mid-1970s Caldor had grown to 42 stores. By the late 1980s, the company entered the State of New Jersey, New Hampshire. Rhode Island, Maryland, and Pennsylvania. Caldor had become one of the dominant retail organizations in the Northeast.

After realizing their goals, the Bennetts sold Caldor to Associated Dry Goods Corporation (ADG) in 1981. ADG focused on rapid growth in store base, increasing the number of stores from 63 to 115 by 1986. Then, in 1986, ADG merged with the May Department Stores Company. Caldor continued to grow and prosper under the May umbrella.

In October 1989, Caldor moved into a new dimension under new ownership: Odessey Partners L.P., Caldor Senior Management, May Department Stores Company, and Donaldson, Lufkin & Jenrette.

In March 1991, Caldor offered its common stock to the public, trading on the New York Stock Exchange (NYSE:CLD).

Caldor in the Community...

Caldor believes it is important to be involved in community events.  This year Caldor is the presenting sponsor for the 22nd Annual SoNo Arts Celebration in historic South Norwalk, Connecticut. This unique event, which drew more than 70,000 visitors last year, features over 150 juried arts and crafts exhibits, dozens of performers, food vendors, and special attractions. Best of all ... it's free!

The Caldor Good Neighbor Program provides Caldor store associates with opportunities to improve the quality of life in their communities through a variety of programs.   Some associates work with community agencies to clean up a park, Adopt-a-Highway, or other areas that members of your community can enjoy.  Still others volunteer their time and energy to an organization in need of volunteer assistance, such as serving meals at a local homeless shelter or soup kitchen.

In February 1998, Caldor announced its donation of $20,000 to local health programs for women. From February 8 through February 14 Caldor contributed ten cents for each Kimberly Clark sale item purchased in its stores. Organizations that each received a portion of the funds raised include: Adelphi New York Statewide Breast Cancer Hotline and Support Program; Linda Creed Breast Cancer Foundation of Pennsylvania; and the Connecticut Breast Cancer Coalition.


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© 1998 Caldor