Timothy Eaton

Timothy Eaton (1834 –  January 31, 1907) was a Canadian businessman who founded the Eaton's department store, one of the most important retail businesses in Canada's history. He was born in Ballymena, County Antrim, Northern Ireland, of a Protestant Scottish ancestry. As a 20-year-old Irish apprentice shopkeeper, Timothy Eaton sailed from Ireland to settle with other family members in southern Ontario, Canada.In 1861, with the help of his brothers Robert and James, Timothy Eaton set up a bakery business in the town of Kirkton, Ontario which went under after only a few months. Undaunted, he opened a dry goods store in St. Marys, Ontario. In 1869, Eaton purchased an existing dry-goods and haberdashery business at 178 Yonge Street in Toronto. In promoting his new business, Eaton embraced two retail practices that were ground-breaking at the time: first, all goods had one price (no haggling) with no credit given, and second, all purchases came with a money-back guarantee (a practice expressed in what would become the long-standing store slogan of "Goods Satisfactory or Money Refunded").
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