Word: butchershop
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Dates: during 1970-1979
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James Cash Penney's first venture as a retail proprietor-a butchershop in Longmont, Colo.-opened in 1899 and failed almost immediately, after he refused to bribe an important local hotel chef with a weekly bottle of bourbon. "I lost everything I had," said Penney, "but I learned never to compromise...
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