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American Freight
American Freight Furniture, Mattress, Appliance, or American Freight, is an American retail company that sells furniture, mattresses and home appliances. The company's history dates to 1968, when Sears established a surplus store in Kansas City, Missouri, which later became Sears Outlet; and 1994 when Steve Belford established American Freight Furniture & Mattress in Lima, Ohio. History Sears Surplus and Sears Outlet In 1968, Sears opened a Sears Surplus store in Kansas City. This was the first of its kind operated by the Sears brand. The purpose of the store was to liquidate returned items. Sears continued to open Surplus stores throughout the USA until 1993, and the network included many converted Kmart stores. In 1994, the Surplus stores were renamed to Sears Outlet. Apparel was introduced to in 2008 stores and served as a liquidation outlet for Lands' End. In 2009, SearsOutlet.com was launched as an e-commerce platform allowing customers to purchase items online and in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franchise Group
Franchise Group, Inc., is an American publicly traded holding company that acquires and manages mainly Franchising, franchise companies. It owns brands in various retail industries including American Freight, Buddy's Home Furnishings, The Vitamin Shoppe, Pet Supplies Plus, Sylvan Learning and Badcock Home Furniture. History The Franchise Group was founded in 2019 through the merger of Liberty Tax and Buddy's Home Furnishings. It originally operated under the name Liberty Tax but changed its name to the Franchise Group, leaving Liberty Tax and Buddy's Home Furnishings as subsidiaries. It began expanding in 2019 with the acquisition of The Vitamin Shoppe and American_Freight#Sears_Surplus_and_Sears_Outlet, Sears Outlet. The Franchise Group purchased American Freight for $450 million in cash in 2020. After the acquisition, the company merged Sears Outlet into American Freight. On November 5, 2020, Franchise Group announced that it would acquire Fort Smith, Arkansas-based region ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kansas City, Missouri
Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the central city of the Kansas City metropolitan area, which straddles the Missouri–Kansas state line and has a population of 2,392,035. Most of the city lies within Jackson County, with portions spilling into Clay, Cass, and Platte counties. Kansas City was founded in the 1830s as a port on the Missouri River at its confluence with the Kansas River coming in from the west. On June 1, 1850, the town of Kansas was incorporated; shortly after came the establishment of the Kansas Territory. Confusion between the two ensued, and the name Kansas City was assigned to distinguish them soon after. Sitting on Missouri's western boundary with Kansas, with Downtown near the confluence of the Kansas and Missouri Rivers, the city encompasses about , making ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sears Holdings
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. It was the 20th-largest retailing company in the United States in 2015. It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019. The new owner moved Sears assets to its newly formed subsidiary Transform Holdco LLC and after that, Sears Holdings Corporation was closed. History 2004–2005: Formation On November 17, 2004, the management of Kmart Holding Corporation announced its intention to purchase Sears, Roebuck and Co. under a new corporation. Kmart previously emerged from Chapter 11 bankruptcy protection on May 6, 2003. The new corporation became known as Sears Holdings Corporation, simply known as Sears Holdings. The new corporation announced that it would continue to operate stores under both the Sear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ESL Investments
ESL Investments is a privately owned hedge fund based in Greenwich, Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its cap .... History ESL Investments is managed by Edward Lampert, who founded it in April 1988 and named it after his initials. The firm invests in the American public equity and hedging markets. Managing the fund with a contrarian investing approach, Lampert is the company's chairman and chief executive officer, and William Crowley is its president and chief operating officer. ESL is fairly unusual as a hedge fund in that it takes large stakes in a small number of companies and holds them for many years. Most of ESL's portfolio consists of retail companies, particularly Kmart (United States), Kmart (now Transformco, Transform SR Brands LLC), by far the company' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
USA Today
''USA Today'' (stylized in all uppercase) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth on September 15, 1982, the newspaper operates from Gannett's corporate headquarters in Tysons, Virginia. Its newspaper is printed at 37 sites across the United States and at five additional sites internationally. The paper's dynamic design influenced the style of local, regional, and national newspapers worldwide through its use of concise reports, colorized images, Infographic, informational graphics, and inclusion of popular culture stories, among other distinct features. With an average print circulation of 159,233 as of 2022, a digital-only subscriber base of 504,000 as of 2019, and an approximate daily readership of 2.6 million, ''USA Today'' is ranked as the first by circulation on the list of newspapers in the United States. It has been shown to maintain a generally center-left audience, in regards to political persuasion. ''US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transformco
Transform SR Brands LLC (trade name, doing business as Transformco, referred to as "New Sears") is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings, Sears Holdings Corporation. The new company is owned by ESL Investments. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion. On June 3, 2019, it was announced that Transformco would acquire Sears Hometown and Outlet Stores. As per deal, Sears Hometown might need to divest its Sears Outlet division to gain approval. History Fall of Sears Holdings On November 17, 2004, the management of Kmart Holding Corporation announced its intention to purchase Sears, Roebuck and Co. under a new corporation. Kmart previously emerged from Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection on May 6, 2003. The new corporation became known as Sears ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Conway Daily Sun
''The Conway Daily Sun'' is a five-day (Tuesday through Saturday) free daily newspaper published in North Conway, New Hampshire, United States, covering the Mount Washington Valley. It has been published since 1989 by Country News Club, and was the forerunner of three other ''Daily Sun'' newspapers in New Hampshire and Maine. ''The Conway Daily Sun'' was the first United States daily to publish the popular numbers puzzle Sudoku. Today Mark Guerringue, one of the three founders of Country News Club, still serves as publisher of ''The Conway Daily Sun'' as of early 2012. The ''Daily Sun'' circulates in several towns of Carroll County, New Hampshire, including Albany, Bartlett (including Glen), Conway (including Intervale and North Conway), Eaton, Freedom, Jackson, Madison (including Silver Lake), Moultonborough, Tamworth (including Chocorua), Ossipee and Wolfeboro; and two towns in Oxford County, Maine: Fryeburg and Lovell. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Volunteer Fire Council
The National Volunteer Fire Council (NVFC) is the leading 501(c)(3) nonprofit membership association representing the interests of the volunteer fire, EMS, and rescue services. Founded in 1976, the NVFC serves as the voice of the volunteer in the national arena and provides tools, resources, programs, and advocacy for first responders across the nation. According to the National Fire Protection Association, 67 percent of all firefighters in the U.S. are volunteers. This represents approximately 682,600 firefighters. First responders save communities in the U.S. approximately $46.9 billion annually. The NVFC provides advocacy for first responders on a national level. This includes promoting legislation that benefits the fire and emergency medical services. Representatives from the NVFC also sit on many standards-setting committees as well as national fire service taskforces, workgroups, and committees. In addition, the NVFC produces tools, resources, and programs to address the need ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sears Outlet Logo
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in Hoff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region. It had the sixth-highest circulation for American newspapers in 2017. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the Republican Party's progressive wing. In the 20th century under Medill's grandson, Robert R. McCormick, it achieved a reputation as a crusading paper with a decidedly more American-conservative anti-New Deal outlook, and its writing reached other markets through family and corporate relationships at the ''New York Daily News'' and the ''Washington Times-Herald.'' The 1960s saw its corporate parent owner, Tribune Company, rea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fox Business
Fox Business (officially known as Fox Business Network, or FBN) is an American business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Launched on October 15, 2007, the network features trading day coverage and a nightly lineup of opinion-based talk shows. Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto is the vice president and managing editor for the network and business news operation overall. As of February 2015, Fox Business Network is available to approximately 74,224,000 pay television households (63.8% of households with television) in the United States. History News Corporation chairman Rupert Murdoch confirmed the launch at his keynote address at the 2007 McGraw-Hill Media Summit on February 8, 2007. Murdoch had publicly stated that if News Corporation's purchase of ''The Wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
