It was like striking gold, but for shoppers on a budget. Introduction of the Bargain Basement: Lazarus gave birth to the Bargain Basement, a space dedicated to discounted items.Department Store: Before moving walkways were a thing, Lazarus installed America’s first department store escalator, setting a new standard for shopper convenience. One-Price Policy: Lazarus broke the mold by offering fixed-price items, ditching the old haggle-and-hassle approach. While the company ultimately fell victim to changing consumer habits, Lazarus indelibly shaped the retail industry and created the archetypal shopping experience that still resonates with customers today.Ī Brief List of Retail Innovations Pioneered by Lazarus From its 1851 birth as a fledgling Columbus clothier to its closure amidst 21st century consolidation, the Lazarus story intricately mirrors the trajectory of retail itself. For over 150 years, generations of customers walked through Lazarus’ revolving doors to discover a shopping paradise brimming with values, traditions, and innovations that laid the foundation of the modern American shopping landscape. The name Lazarus vividly evokes memories of a bygone era of retail, when department stores were the epicenter of community life and shopping was a cherished experience eagerly awaited all year. The Rise and Fall of the Lazarus Department Store: An Enduring Legacy of Shaping the Quintessential American Shopping Experience
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