The Fair Store was a discount department store which was founded in 1874 in Chicago, Illinois.
Founder Ernst J. Lehmann decided on the name "The Fair Store" as he felt "the store was like a fair because it offered many different things for sale at a cheap price." Lehmann bought and sold goods on a cash-only basis; he offered odd prices (i.e., prices not in multiples of five cents) to save customers a few pennies on every purchase. The flagship store was moved to the corner of State and Adams Streets in 1875; a modern twelve-story building for the store would be completed on that site in 1897 and contained 286,000 square feet of floor space.
Promoting itself with the motto "everything for everybody under one roof," the Fair was now one of the largest retailers in the city. Offering a wide range of goods at low prices, the store offered services such as free wrapping, delivery, and an on-site nursery. In 1900, when annual sales were about $8 million, the store had nearly 3,800 workers; by the 1910s, floor space reached nearly 800,000 square feet. The Fair had 5,500 workers, making it one of the largest employers in the city.The Fair Store promoted itself as a Discount Department Store in the early 1900s. In 1915, a booklet published by the store stated "The Fair Store is still, as it always has been and undoubtedly always will be, the store of the people, the down-town shopping center for the Savers, the market place for the Thrifty." In 1925 the Fair was purchased by S. S. Kresge & Co., the Detroit-based dime store chain (which would eventually become known as Kmart). Under its management, branches were opened on Milwaukee Avenue (1929), in Oak Park, Illinois (1929), at the Evergreen Plaza Shopping Center in Evergreen Park, Illinois (1952), and at the Old Orchard Shopping Center in Skokie, Illinois (1956).
In 1957, Montgomery Ward purchased the State Street flagship store, as well as the Oak Park, Evergreen Plaza, and Old Orchard locations, from the Kresge syndicate in a bid to expand its Chicago operations; unlike many other retailers, Montgomery Ward had not joined in the construction of branch stores immediately following World War II. Initially, these store retained the Fair nameplate, and one more Fair Store would open, at Randhurst Mall in Mount Prospect, Illinois (1962). However, the Randhurst store would also be the first converted to the Montgomery Ward nameplate, in August 1963; the other locations would convert to the parent company's name plate in 1964.
The flagship building on State Street was closed and demolished in 1984; though a new building was planned for the valuable real estate, none was built until 2001.