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... iation_3 Chapter 604: 214.

The enormous commercial empire behind the horse racing association_3 Helen thought for a moment and said, “Are you referring to the A&P business model?”

A&P started in 1859 with mail-order tea, which can be regarded as one of the earliest forms of retail in the United States.

Before then, Sears, Roebuck and Company, which went public with the help of Goldman Sachs, also started with mail-order.

A&P formally entered the retail ...

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