Alexander Turney Stewart David Biography, Age, Weight, Height, Friend, Like, Affairs, Favourite, Birthdate & Other

Alexander Turney Stewart was a highly successful 19th century Irish-American entrepreneur, a leading retail dry-goods businessman in the USA. Born in Ireland, he moved to the USA as a young man. Considered to be a business genius, he started his business with department stores. He later established his own manufacturing facilities and also started a mail order business.

He owned hotels in New York City and constructed the planned community of Garden City, Long Island. He was engaged with various types of charitable works also. For instance, he sent food to Ireland during the mid-century famine in that country. His innovative outlook towards merchandise business had a positive effect on American retail business. He introduced the idea of vertical integration in business by becoming his own wholesaler and manufacturer and maintained his own European manufacturing units.

He built a large marble-fronted store on Broadway between Chambers Street and Reade Street in New York City; it was the largest retail store in the world at that time. Stewart’s residential building in America was one of the finest private homes. He also had the largest collection of valuable art. Stewart’s business grew exponentially and he died as one of the richest men in the USA. Before his death, he owned two large stores whose combined sales was worth $203 million.