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| 1960's |
Irwin Jacobs got his start in the closeout business. |
|
| 1968 |
JYJ Corporation was formed by Jacobs to run major liquidation events.
|
|
| 1973 |
Jacobs merges JYJ into COMB (Close-out Merchandise Buyers) and expands
into mail-order and retail distribution to complement the JYJ wholesale
business.
|
|
| 1984 |
Jacobs and his business partner took public their chain of COMB closeout
stores. The stock soared and the company began hitting lists of the
nation's fastest-growing small businesses.
|
|
| 1986 |
COMB and several cable television companies formed a joint venture, the
Cable Value Network (CVN), to develop the concept of shopping by
television. A year later, CVN had 14 million subscribers in 47 states.
QVC, a television shopping company, later acquired CVN and COMB's retail
store chain.
|
|
| 1989 |
Jacobs led a management buyout of the wholesale division of COMB to form
Jacobs Trading Company. The company was headquartered in a newly
restored office and warehouse location in Minneapolis' warehouse
district.
|
|
| 1996 |
Jacobs Trading Company became the exclusive liquidator for a major
retailer, handling the retailer's customer returns throughout the U.S.
JTC also opens an additional processing/distribution center in Appleton,
MN.
|
|
| 2001 |
Jacobs Trading Company expanded its operation and moved its headquarters
to an office and warehouse facility located in Plymouth, Minnesota with
multiple distribution centers located throughout the United States.
|
|
| 2009 |
Jacobs Trading Company expanded again and moved its headquarters to a
300,000 square foot office and warehouse facility located in Hopkins,
Minnesota.
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