John Geisse

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John Geisse
Indianapolis, Indiana, U.S.
Resting placeCrown Hill Cemetery, Indianapolis, Indiana
EducationSt. John's College HS
United States Naval Academy
OccupationBusinessman

John Francis Geisse (September 1, 1920 – February 21, 1992) was an American businessman. He founded three successful

retail chains: Target Discount Stores, Venture Stores, and The Wholesale Club (which merged in 1991 with Sam's Club).[1]

Early life and education

Geisse was born on September 1, 1920,

U.S. Navy in both the Pacific and Atlantic theaters. He left the service in 1947 as a lieutenant commander.[3][7]

Retail industry career

After leaving the military, he moved to

Wal-Mart Stores, Inc. to create its Sam's Club division in 1983.[1] In 1991, he sold The Wholesale Club store chain to Wal-Mart Stores and it was merged with Sam's Club.[9]

Honors

He authored the Better Quality Upscale Discount Store Concept in America, and was inducted into the Discount Store News Discount Hall of Fame in 1984.[1] Sam Walton, who often consulted Geisse, called him "a pioneer in innovative retailing concepts".[7]

Personal life

Geisse was married to the former Mary Ann Wakeen. Together, they had 10 children.[1][7] Geisse died of a heart attack in Indianapolis in 1992.[3][7] He was buried near his parents in Crown Hill Cemetery, Indianapolis.

References

  1. ^ a b c d e f "John Francis Geisse (1920–1992)". Geisse.org. Geisse Family. Retrieved February 10, 2017.
  2. ^ Curtis, Georgina Pell; Elder, Benedict (1961). "Geisse, John Harlin". The American Catholic Who's Who. 14: 167. Retrieved February 10, 2017.
  3. ^
    Newspapers.com. Open access icon
  4. ^ "Call to Remember". Retrieved September 14, 2018.
  5. ^ "John H. Geisse, 96, Aeronautical Inventor". The New York Times. December 8, 1988. Retrieved February 10, 2017.
  6. ^ The Lucky Bag. Annapolis, Maryland: United States Naval Academy. 1942. p. 95. Retrieved February 10, 2017.
  7. ^ a b c d e "J. F. Geisse, 71, Who Founded Discount Stores". The New York Times. February 27, 1992. Retrieved February 10, 2017.
  8. ^ Yardley, William (July 10, 2013). "Douglas J. Dayton, First President of Target, Dies at 88". The New York Times. Retrieved February 10, 2017.
  9. ^ Taylor, Marianne (November 7, 1990). "Wal-mart Acquiring Club Rival". Chicago Tribune. Retrieved February 10, 2017.