Names Behind Retail Store Initials

Shopping strips and malls are littered with companies whose original names have now been replaced with initials. Those initials often reveal a pearl or interesting fact of the history of the company.
In some instances, businesses attempt to change the meaning of their initials. British Petroleum, better known to the world as BP, decided in 2000 that its name now stood for “beyond petroleum”.
B&M comes from Billington & Mayman as it was set up by Malcolm Billington but shortened to B&M for Bargain Madness.

Some initials quite obvious, depending on where you live. ANZ is the Australia and New Zealand Banking Group; BWS stands for “Beers, Wines and Spirits”.
H&M comes from the official name Hennes & Mauritz AB. It is a Swedish multinational clothing-retail company.
The ASOS fashion brand and online megastore started as a supplier of unbranded clothes to celebrities on TV and the idea was people could find clothes and accessories they had seen celebs wearing. Before long people started referring to AsSeenOnScreen as ASOS and in late 2000 the domain name www.asos.com was bought.
QVC comes from Quality Value Convenience. It sums up the service the shopping channel provides. QVC was set up by Joseph Segel in Pennsylvania in 1986 and it now broadcasts to over 350 million households in seven countries across the globe.
CVS pharmacy chain was founded in Lowell, MA in 1963, and was known as "Consumer Value Stores." Over time the name became abbreviated to simply CVS.

Kmart's big red K. Officially the K does not stand for anything and the brand has only ever read in Australia as “Kmart”. The American company’s history goes back to traveling salesman Sebastian Spering Kresge from Pennsylvania. In 1897, he opened his first store in Memphis and by the 1950s Mr Kresge had 600 stores bearing his surname. Do you remember SS Kresge? The stores began to convert to the simpler Kmart brand in 1962, the K is a nod to its founder. Kresge died in 1966.
JBL, the speaker company is named after its founder, James Bullough Lansing. He was born James Martini in 1902, but at 25, he changed his name to James Lansing.

KFC changed from Kentucky Fried Chicken and the public relations reason given for the name change was that health-conscious consumers associated the word “fried” with “unhealthy” and “high cholesterol.”

According to KFC, during 1991, Kentucky Fried Chicken decided on a name change to KFC. "In reality, we wanted to let our customers know that we had more for them to enjoy than just fried chicken, and many were already calling us KFC, as it was much easier to say."

Incidentally, KFC is owned by Yum! Brands. It operates Taco Bell, KFC, Pizza Hut, and WingStreet worldwide.

Contest vs. Sweepstakes

Some people use the two terms interchangeably, but there is actually a large difference between the two.

In a contest, you might be evaluated based on an essay, a cheesecake recipe, or some kind of design. A panel of judges makes a subjective determination based on the judging criteria outlined in the fine print.

In a sweepstakes, luck takes the place of talent. All entries are given equal consideration and tossed into a random drawing.

According to the many state and federal laws, charging money for a sweepstakes entry would classify it as a lottery, and that is usually illegal, unless it is being sponsored by a state government. Contests, on the other hand, can charge an entry fee since there is a degree of skill involved.

In 2006, the CVS pharmacy chain was ordered to pay $152,000 in civil penalties in New York after they promoted a “sweepstakes” in which entries were automatically submitted for customers buying Nicorette gum; the chain did not make the offer available to people who did not buy the product making it no equal consideration.

6 common Acronyms

CVS (Pharmacy) is now just called CVS, but when it first opened, the letters stood for Consumer Value Store.

The ZIP in ZIP Code stands for Zone Improvement Plan.

GEICO used to stand for "Government Employees Insurance Company."

The fashion retailer H&M is for Hennes & Mauritz.

The Smart Car was a collaboration between Swatch and Mercedes Benz and originally called the Swatch and Mercedes Art Car.

Today TCBY stands for The Country's Best Yogurt, but used to be called This Can't Be Yogurt.

Print a Book While You Wait

Here is a concept that has been bubbling for a while and might be soon at a store near you. On Demand company has signed an agreement with Kodak that could make CVS, and other retailers into instant bookstore as well.

On Demand Books said it hopes to begin wrapping its Espresso Book Machine into Kodak's retailer-based photo kiosks. The unit can print, bind, and trim a softbound book within a couple of minutes. By adding in Kodak picture kiosks, the Espresso would also be able to turn out other photo-related merchandise like photo books. No word on pricing, but this is great technology.

Companies Against Christmas

True - According to the American Family Association, the following companies "may use "Christmas" sparingly in a single or unique product description, but as a company, does not recognize it". As of 11-17-10

Barnes & Noble
CVS Pharmacy
Office Depot
Radio Shack
Staples
SUPERVALU
Victoria's Secret

Where did They Get That Name

I sometimes wonder where those crazy names originated, so I went looking.

CVS - When the pharmacy chain was founded in Lowell, MA in 1963, it was known as Consumer Value Stores. Over time the name became abbreviated to CVS.

K-Mart - Sebastian S. Kresge opened his first larger store in Garden City, Michigan, in 1962. The store was named Kresge's, then shortened to K-Mart.

IKEA - The Swedish furniture giant takes its name from found Ingvar Kamprad’s initials joined with a the first initial of the farm where he grew up, Elmtaryd, and the parish he calls home, Agunnaryd.

JBL - The speaker company is named after its founder, James Bullough Lansing. He was born James Martini in 1902, but when he was 25, he changed his name to James Lansing at the suggestion of his then future wife.

BVD - The men’s underwear maker was originally founded by Bradley, Voorhees, and Day to make women’s bustles. Eventually they branched into knitted union suits for men, and their wares became so popular that “BVDs” has become a generic term for any underwear.