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Industry Outliers: Marshall Fields

Published on Nov 28, 2015

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PRESENTATION OUTLINE

MARSHALL FIELD

BY: FATIMA KHAN AND HARSHINI MUPPIDI
Photo by Teemu008

BIOGRAPHY

  • Born: August 18, 1834
  • Moved to Chicago, IL in 1856
  • Bought a share of Cooley, Farewell, & Co.
  • Became senior partner with Potter Palmer
  • Renamed company into Field, Leiter, & Co
Photo by kevin dooley

BIOGRAPHY (CONT'D)

  • Finally launches Marshall Field & Co.
  • Died: January 16, 1906

FAMOUS QUOTES COINED BY FIELD

  • "Give the lady what she wants"
  • "The customer is always right"

QUOTE ABOUT FIELD

  • "If Marshall Field had anything to sell it,
  • If a customer came in;
  • If a customer didn't come in,
  • He was not above going out and finding one."

SIGNIFICANCE

  • He is a founder of ethnic department chains that still bear his name.
  • Bought Leiter for $2,500,000 and changed the name to Marshall Field & Co.
  • Field emphasized customer service, liberal credit, one-price system, & returns.
  • University of Chicago and the Columbian Museum (Field museum of natural history
Photo by Nanagyei

LASTING LEGACY

  • Began as a humble clerk
  • Became most recognized retail establishments in the world
  • Boosted the female shoppers admirers
  • Return-merchandise option was available
  • Changed the way shoppers think
Photo by Claudio.Ar