Spell It Out: 16 Abbreviated Company Names Explained
Dozens of companies use acronyms or initials in their names, but how well do you know what the abbreviated letters mean? Let’s take a look at the etymologies behind a few abbreviated company names.
Sorry, drugstore fans, there aren’t three fatcat pharmacists with these initials running around out there. 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 simply CVS.
Longtime five-and-dime mogul Sebastian S. Kresge opened his first larger store in Garden City, Michigan, in 1962. The store was named K-Mart after him. (Kresge had earned the right to have a store named for him; he opened up his new venture at the tender age of 94.)
The Swedish furniture giant and noted charity takes its name from found Ingvar Kamprad’s initials conjoined with a the first initial of the farm where Kamprad grew up, Elmtaryd, and the parish he calls home, Agunnaryd.