Clarence Saunders

Entrepreneur

Clarence Saunders was born in Virginia on August 9th, 1881 and is the Entrepreneur. At the age of 72, Clarence Saunders biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

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Date of Birth
August 9, 1881
Nationality
United States
Place of Birth
Virginia
Death Date
Oct 14, 1953 (age 72)
Zodiac Sign
Leo
Profession
Businessperson
Clarence Saunders Height, Weight, Eye Color and Hair Color

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Clarence Saunders Religion, Education, and Hobbies
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Clarence Saunders Spouse(s), Children, Affair, Parents, and Family
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Clarence Saunders Life

Clarence Saunders (9 Aug.)

Oct. 1481 to Oct. 14:1881 to 1914.

(1953) was the first American grocer who introduced the first retail service model of self service.

His ideas had a major influence on the design of the modern supermarket.

Saunders spent the bulk of his career trying to create a truly integrated shop, including Piggly Wiggly, Keedoozle, and Foodelectric store designs.

Early life

Saunders was born on a farm in Amherst County, Virginia, to Abram Warwick and Mary Gregory. Saunders' mother died when he was five years old. Abram had served in the Confederate army under Stonewall Jackson but had financial problems in the aftermath of the war. In 1891, his father moved the family to Montgomery County, Tennessee, where his father served as a laborer and sharecropper on a plantation near Palmyra, Tennessee. Saunders continued to work with the plantation right from childhood. He was also working in a sawmill and limestone kiln during the summer and in a general store during the holidays. He had only two years of formal education in Palmyra before deciding against attending school entirely and opting for part-time for the general store. Over the next five years, Saunders has worked in a variety of capacities, including shop assistant, night watchman, and sawmill laborer. Saunders became a prolific reader and autodidact, recognizing the importance of more education to advance. Saunders had been to Clarksville, Tennessee, where he started working in John Hurst and Joseph Boillin's wholesale grocery chain, sales that was quickly growing.

Carolyn Amy Walker, the granddaughter of a prominent Illinois attorney, was in Clarksville, Saunders. Despite their differing origins, they were married on October 6, 1903. Saunders and Cole followed them to Memphis, Tennessee, where they began working for Shanks, Phillips, & Co., as well as William Cole Early. Memphis in this period was burgeoning; by the time the Saunders arrived, the population had risen from 33,000 in 1880 to more than 100,000. Memphis was a major river point and railroad junction in the region, and cotton merchants frequently served both as suppliers of wholesale products to farms and plantations throughout the region, such as wholesaling, which was one of Memphis's largest industries and one of its most lucrative.

He founded United Stores, Inc. in February 1913, providing Shanks, Phillips, with 21 retail clients, allowing him to control wholesale buying and advertising. In June 1914, a jointly owned United Store was opened. Lee, Clarence Jr., and Amy Carolyn were born in 1903, 1909, 1912 respectively, and Judith Sunders' three children, Lee, Clarence Jr. and Amy Carolyn.

: 12, 15, 18, 20

Personal life

Clarence and Carolyn divorced on September 27, 1928, and Clarence and Carolyn married Patricia Houston Bamberg on December 20, 1928. 113

Saunders made toy wagons, baby strollers, and broomsticks during World War II.

: 149

He died in 1953 and was laid to rest at Memphis Memorial Park Cemetery.

Source

What is short squeeze?Investing Explained

www.dailymail.co.uk, June 30, 2023
We're talking about a stock market phenomenon, not a brief personal relationship. When investors know that the price of a share is expected to decline, they will sell the shares in a process known as shorting. These speculators borrow a portion of the shares from a third party in the hopes of being able to buy back the shares at a lower price, thus turning a profit. However, the best-laid proposals may go awry, since the stock plummeted rather than decline.