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Navy Exchange history
Navy Exchange company history timeline
1946: Navy Ship's Store Office is created.
Since its inception in 1946, NEXs have given nearly $3.7 billion to MWR. Authorized customers also can shop online at myNavyExchange.com.
In 1949, NSSO received authority to manage ship stores afloat.
In 1950, NSSO assumed control of the exchanges of the Military Sea Transportation Service (MSTS), whose vessels carried military personnel, their families, and immigrants.
A West Coast branch was established in Oakland in August 1952.
1952: NSSO forms West Coast branch.
By its tenth anniversary in 1956, NSSO had had more than $2 billion in total revenues, $126 million of which was given to welfare and recreation programs.
Enlisted men's clubs came under NSSO control in 1961. It started its Navy Guest House Program, aimed at remedying a shortage of temporary housing, in 1964.
An award-winning training film was coproduced with the Eastman Kodak Co. in 1967.
A Navy Exchange Service Center patterned after commercial retailers' supply depots opened in 1969 in San Diego.
Video games were instantly popular when first installed on ships in 1979.
NRSO was again renamed in 1979, becoming the Navy Resale and Services Support Office (NAVRESSO).
The Navy Resale System and AAFES merged their mail-order catalogs in 1981.
Legislation in 1987 transferred more of the responsibility for the Navy's Morale, Welfare and Recreation Fund from Congress to NAVRESSO, which simultaneously received authority to manage liquor stores and various coin-operated concessions such as pay phones.
The first NEX Video stores, a cooperative enterprise with AAFES, appeared in 1992.
Discover Card parent company Novus issued the NEXCOM-sanctioned Bravo and Private Issue credit cards in 1995.
NEXCOM operated 123 Navy Exchanges, 218 ships stores, 112 uniform shops, and 42 Navy Lodges at the time of its 50th anniversary in 1996.
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Navy Exchange competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| United States Marine Corps | - | $1.0B | 10,001 | 10 |
| Andrews Federal Credit Union | 1948 | $11.0M | 57 | - |
| Army and Air Force Exchange Service | - | $8.7B | 35,000 | 179 |
| Coast Guard Exchange System | 2009 | $200.0M | 1,200 | 44 |
| Sally Beauty Holdings | 1964 | $3.7B | 30,050 | 1,634 |
| 7-Eleven | 1927 | $5.5B | 138,808 | 986 |
| Reasor's | 1963 | $570.0M | 3,000 | - |
| Bargain Hunt Superstores | 2000 | $1.2M | 25 | - |
| Giant Eagle | 1931 | $8.9B | 37,000 | 380 |
| Surplus City | - | $6.1M | 75 | 8 |
Navy Exchange history FAQs
Zippia gives an in-depth look into the details of Navy Exchange, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Navy Exchange. The employee data is based on information from people who have self-reported their past or current employments at Navy Exchange. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Navy Exchange. The data presented on this page does not represent the view of Navy Exchange and its employees or that of Zippia.
Navy Exchange may also be known as or be related to Navy Exchange, Navy Exchange Service Command and Navy Exchange Service Command Enterprise.