L. S. Ayres Indianapolis on October 13, 1961. This subsidiary was one of the first discount store divisions launched by a traditional department store. The Indianapolis Ayr-Way store opened prior to the first Kmart, which opened in Garden City, Michigan, in March 1962, and the first Target store, which opened in May 1962. Ayres also opened Ayr-Way stores in other cities. Ayres encountered several challenges in establishing and operating the new discount store concept. First, Ayres needed to define a clear brand identity for the new subsidiary and its relationship to the L. S. Ayres store brand. Second, errors in selection of store
Israel Discount Bank Israel Discount Bank Israel Discount Bank Ltd. () is one of Israel's three largest banks, with 260 branches, around 5,700 staff, and assets of ₪185 billion (US$48 billion). Israel Discount Bank, formerly known as "Eretz Yisrael Discount Bank" or "Palestine Discount Bank", was founded on 5 April 1935 by Leon Recanati, a new immigrant from Greece who had been the head of the Jewish community of Salonica. His partners were Moshe Carasso and Yosef Albo. The bank operated in a store at 39 Yehuda Halevi St. in Tel Aviv. It was founded with a focus on foreign trade and with