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Bob's Stores
Bob's Stores is a chain of retail stores in the northeastern United States owned by GoDigital Media Group. Founded as Bob's Surplus in Middletown, Connecticut, by Robert "Bob" Lapidus in 1954, the chain expanded gradually until it was acquired by TJX in 2003 and has been reacquired twice more since then. The chain targets moderate-income customers with a selection of footwear, workwear, teamwear, and activewear. History Early years In 1954, Bob Lapidus opened Bob's Surplus on Main Street in Middletown, Connecticut. His original business strategy was to "Treat all customers with respect and dignity and they will return again and again". As Bob's Surplus increased in popularity, its location was hindering its growth; in 1962, Lapidus moved the store to a larger building across the street. In 1967, the store was forced to move again after a fire destroyed the building. 1970s, 1980s, and early 1990s In 1975, the second Bob's Surplus was opened in Enfield, Connecticut; the third st ...
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Bob's Discount Furniture
Bob's Discount Furniture is an American furniture store chain headquartered in Manchester, Connecticut. The company opened its first store in 1991 in Newington, Connecticut and is ranked 12th in sales among United States furniture stores according to ''Furniture Today'''s list of Top 100 Furniture Stores. , the company has 150 stores in 24 US states, primarily in the Northeast, Mid-Atlantic, Midwest, and West Coast regions. History After the future company's co-founder, Bob Kaufman, was injured in a 1976 motorcycle accident, he discovered the benefits of a waterbed for recuperation. This led him to become involved in waterbed sales and, during the 1980s, he rented space in 24 New England stores to sell them. When waterbed sales dwindled by 1990, Kaufman partnered with Gene Rosenberg who owned Wholesale Furniture, one of the stores where Kaufman had rented space. Together Kaufman and Rosenberg co-founded Bob's Discount Furniture with Rosenberg owning two-thirds of the ...
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Bob's Stores, Shoppers World, Framingham MA
Bob's () is a Brazilian fast food chain, founded in 1952 by the American Brazilian tennis champion Bob Falkenburg, Wimbledon tournament winner in 1948. The first store was opened in the Copacabana neighborhood of Rio de Janeiro. It is the first Brazilian fast food chain. In 1972, Falkenburg sold the franchise to the Brazilian Fast Food Corporation (BFFC). Big Bob Among the main sandwiches sold by the company, Big Bob is the most popular and it is made of two hamburgers, onions and leaf chicory. Test The chain also offers innovative sandwiches, as toasted cheese with banana sandwich. Another popular item sold by the franchise is the Ovomaltine milkshake. Business model In 1984, Bob's started a franchising system, opening new stores in Vitória, Espírito Santo. Since then, Bob's has been expanding within Brazil and internationally. Today, there are about 811 stores in Brazil, of which about 320 are franchises. At one time, international stores were opened in Portugal (Car ...
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Bankruptcy In The United States
In the United States, bankruptcy is largely governed by federal law, commonly referred to as the "Bankruptcy Code" ("Code"). The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States". Congress has exercised this authority several times since 1801, including through adoption of the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Some laws relevant to bankruptcy are found in other parts of the United States Code. For example, bankruptcy crimes are found in Title 18 of the United States Code (Crimes). Tax implications of bankruptcy are found in Title 26 of the United States Code ( Internal Revenue Code), and the creation and jurisdiction of bankruptcy courts are found in Title 28 of the United States Code (Judiciary and Judicial procedure). Bankrupt ...
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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 ...
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Bankruptcy Protection
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Eastern Mountain Sports
Eastern Mountain Sports (or EMS) is an outdoor clothing and equipment retailer in the Northeastern United States headquartered in Meriden, Connecticut. EMS sells outdoor equipment and clothing from both name brands and its own EMS line. The company also has a set of EMS Schools that offer classes in rock and ice climbing, kayaking, stand-up paddle boarding, trekking, and skiing. The EMS Schools headquarters is located in the White Mountains in North Conway, NH; and has other locations near the Adirondacks in NY, etc. History EMS was founded in 1967 in Wellesley, Massachusetts by two camping enthusiasts – Alan McDonough, who was running the family hotel chain, and Roger Furst, a lawyer whose office was in the McDonough complex. They targeted the outdoor equipment market in Boston. The first store on Linden St. in Wellesley carried the Gerry outdoor equipment line as well as downhill skis. In 1968, the two enterprises merged and built the 1041 Commonwealth Avenue store – at ...
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Sport Chalet
Sport Chalet was a sporting goods chain with 47 stores in Southern & Northern California, Arizona, Nevada, and Utah. Most stores were over in size, with many including dive pools and offering SCUBA classes. Sport Chalet stores usually featured large apparel and footwear departments complemented by an array of specialized departments and sections. On April 16, 2016, the company announced that it would close all stores in the coming months and that all online sales had already stopped. The last stores closed in June 2016.https://www.webcitation.org/6iegDZsep?url=http://www.sportchalet.com/stores.html History Sport Chalet was founded on April 1, 1959 by newlyweds Norbert Olberz, a former baker, and his wife Irene, who bought a ski and tennis shop in La Cañada Flintridge, California, for $4000, equaling a $2500 check plus a negotiation, from Milo Svoboda, the original owner, whose store had only been open four months. To initially stock the store with ski gear, the couple took out ...
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Dick's Sporting Goods
Dick's Sporting Goods, Inc. (stylized as "DICK'S Sporting Goods") is an American sporting goods retail company, based in Coraopolis, Pennsylvania. The company was established by Richard "Dick" Stack in 1948, and has approximately 854 stores and 50,100 employees. Dick's is America's largest sporting goods retailer, and it is listed on the ''Fortune'' 500. Company overview Dick's is the largest sporting goods retail company in the United States, with approximately 854 stores, as of 2020. The public company is based in Coraopolis, Pennsylvania, outside Pittsburgh, and has approximately 50,100 employees, as of March 2020. The company's subsidiaries include Field & Stream, Golf Galaxy, and Public Lands, and, previously, Chelsea Collective and True Runner. In 2017, there were 690 Dick's stores, close to 100 Golf Galaxy locations, and approximately 30 Field & Stream stores. The company launched Team Sports HQ, a collection of digital products, following the acquisitions of Affinity S ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Sports Team
A sports team is a group of individuals who play sports (sports player), usually team sports, on the same team. The number of players in the group depends on type of the sports requirements. Historically, sports teams and the people who play sports have been amateur sports, amateurs. However, by the 20th century, some sports teams and their associated leagues became extremely valuable with net worth in the millions. The Dallas Cowboys are rated by Forbes as the world's Forbes' list of the most valuable sports teams, most valuable sports team at US$4.2 billion. Some individual sports have modified rules that allow them to be played by teams. Team identities can be formed from a number of sources, most often a type of geographic location, e.g., the Dallas Cowboys are named after Dallas, Texas, US. Some teams can also be named after an institution, such as the Alabama Crimson Tide, which are supported by and named after the University of Alabama, or the Yomiuri Giants, who are na ...
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Caldor
Caldor, Inc. was a discount department store chain founded in 1951 by husband and wife Carl and Dorothy Bennett. Referred to by many as the Bloomingdale's of discounting, Caldor grew from a second story "Walk-Up-&-Save" operation in Port Chester, New York into a regional retailing giant. Its stores were earning over $1 billion in sales by the time Mr. Bennett retired in 1985, by which time Caldor was a subsidiary of Associated Dry Goods. Despite its successes, Caldor suffered from financial issues by the 1990s. The company was liquidated and all 145 stores were closed by May 1999. History Early history In 1951, while shopping at an E. J. Korvette store in New York City, newlyweds Carl and Dorothy Bennett were inspired to open their own discount store that would be different from the average postwar discount retailer. They envisioned a business that would emphasize quality of merchandise over less desirable, lower cost wares at prices 10 to 40 percent below the manufact ...
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Kohl's
Kohl's (stylized in all caps) is an American department store retail chain, operated by Kohl's Corporation. it is the largest department store chain in the United States, with 1,165 locations, operating stores in every U.S. state except Hawaii. The company was founded by Polish immigrant Maxwell Kohl, who opened a corner grocery store in Milwaukee, Wisconsin, in 1927. It went on to become a successful chain in the local area, and in 1962 the company branched out by opening its first department store. British American Tobacco Company took a controlling interest in the company in 1972 while still managed by the Kohl Family, and in 1979, the corporation was sold to BATUS Inc. A group of investors purchased the company in 1986 from British American Tobacco and took it public in 1992. Kohl's is headquartered in the Milwaukee suburb of Menomonee Falls, Wisconsin. It became the largest department store chain in the United States in May 2012, surpassing its biggest competitor J. C ...
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