Caldor, Inc. was a discount department store chain founded in 1951 by Carl Bennett and his wife Dorothy. Referred to by many as the Bloomingdale’s of discounting, Caldor grew from a second story “Walk-Up-&-Save” operation in Port Chester, NY into a regional retailing giant with 100 stores earning over $1 billion in sales by the time Mr. Bennett retired in 1985, after which the retailer was owned by The May Department Stores Company. It eventually was closed due to bankruptcy in February 1999.