Setting the record straight........
(from
http://www.jewishlegends.com/)
No Jewish veterans at EJ Korvettes
Legend: Former discount retailer EJ Korvettes stood for "Eight Jewish Korean Veterans"
Status: False
EJ Korvettes was a popular discount retailer in the Tri-State area. When you wanted upper end, fancy shmazy goodies, you went to Macy's, but for the cheap stuff, EJ Korvettes was the place.
Unfortunately, EJ Korvettes did not get its name from "Eight (or Eleven) Jewish Korean Veterans."
Korvettes began in 1949, two years before the Korean War, when Jewish businessman Eugene Ferdauf opened a small discount luggage store in Manhattan. For the name of the store, he took the initial of his first name, Eugene, and the first initial of a friend and chose the name "Korvette"after a Canadian sub chaser known as the corvette.
EJ Korvettes went belly up in the 70's. The reason, according to some market analysts, is they began to stray from their client base, and tried to become an upper echelon department store. In so doing, they signed their death sentence.