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Carson Pirie Scott
Carson Pirie Scott & Co. (also known as Carson's) is an American department store that was founded in 1854, which grew to over 50 locations, primarily in the Midwestern United States. Sold to the holding company of Bon-Ton in 2006, but still operated under the Carson name, the entire Bon-Ton collection of stores, including Carson's, went into bankruptcy and closed in 2018. Bon-Ton's intellectual property was quickly sold while in bankruptcy, and the new owners reopened shortly afterwards as a BrandX virtual retailer. The Carson Pirie Scott name is associated with the Carson, Pirie, Scott and Company Building designed by Louis Sullivan, built in 1899 for the retail firm Schlesinger & Mayer, and expanded and sold to Carson Pirie Scott in 1904, and occupied by them for more than a century. History Beginnings The chain began in 1854 when Scotsmen Samuel Carson and John Thomas Pirie first clerked in the Murray's dry goods store in Peru, Illinois - then opened their own store in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Chicago Fire
The Great Chicago Fire was a conflagration that burned in the American city of Chicago during October 8–10, 1871. The fire killed approximately 300 people, destroyed roughly of the city including over 17,000 structures, and left more than 100,000 residents homeless. The fire began in a neighborhood southwest of the city center. A long period of hot, dry, windy conditions, and the wooden construction prevalent in the city, led to the conflagration. The fire leapt the south branch of the Chicago River and destroyed much of central Chicago and then leapt the main branch of the river, consuming the Near North Side. Help flowed to the city from near and far after the fire. The city government improved building codes to stop the rapid spread of future fires and rebuilt rapidly to those higher standards. A donation from the United Kingdom spurred the establishment of the Chicago Public Library. Origin The fire is claimed to have started at about 8:30 p.m. on October ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saks Fifth Avenue
Saks Fifth Avenue (originally Saks & Company; Colloquialism, colloquially Saks) is an American Luxury goods, luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store opened in the F Street and 7th Street shopping districts, F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and Saks Fifth Avenue flagship store, flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. (renamed Saks, Inc.) in 1998, and Saks, Inc. was acquired by the Canadian-founded Hudson's Bay Company (HBC) in 2013. Subsidiary Saks Off 5th, originally a clearance store for Saks Fifth Avenue, is now a large off-price retailer in its own right managed independently from Saks Fifth Avenue under HBC. History Early history Andrew Saks was born to a German Jewish family, in Baltimore. He worked as a peddler and paper boy before moving to Washington, D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saks Incorporated
Saks, Inc. (originally Proffitt's, Inc.) was an American holding company founded in 1919. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of department store chains including New York City-based Saks Fifth Avenue (1998–2013) and Tennessee-based Proffitt's (1919–2005). It acquired several mid-range department store chains in the 1990s, however, refocused on upscale retailing and divested of them in the mid-2000s. HBC maintains the Saks Fifth Avenue nameplate through the full-line department stores, Saks Off 5th off-price stores, and SaksWorks coworking space provider. Operations during 20th century Proffitt's Inc. began as five Proffitt's stores in the Knoxville, Tennessee, metropolitan area. After going public under the symbol PRFT on the NASDAQ stock exchange in 1987, Proffitt's Inc. grew by acquiring several department stores. In 1989 the company purchased 18 Hess's locations in Tennessee, Virginia, Kentucky, and Georg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proffitt's
Proffitt's was a department store chain based in Alcoa, Tennessee. On March 8, 2006, the Proffitt's and McRae's stores were converted into Belk stores. Belk acquired the two chains in July 2005 from Saks, Inc. History Beginnings Jeweler David W. Proffitt and James Ellis founded the Ellis-Proffitt Co. on Main Street in downtown Maryville, Tennessee, in 1919. The first store had seven departments: ladies ready-to-wear, ladies accessories, millinery, men's shoes, dry goods, and bargain basement. Ellis sold his share of the company to Proffitt in 1921 due to illness. The company expanded by opening its second store in Athens, Tennessee in 1936. In the 1960s, the Maryville store moved from downtown to Midland Plaza in Alcoa. In 1982 the store relocated again to Foothills Mall in Maryville where two stores remained until the Belk acquisition, one for Women and the other for Men, Kids, and Home. A warehouse and distribution center opened in Maryville in 1970. A location i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE Trading room, trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street (Manhattan), Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of Security (finance), securities trading in New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11
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] |
Boston Store (Wisconsin)
The Boston Store Inc. is an online retailer and former department store chain owned by The Bon-Ton stores. It was founded in 1897 in Milwaukee, Wisconsin. History 1920s and 1930s Throughout the 1920s, and 1930s the Boston Store was run by Philip Irving Stone. His nephew, Irving Stone, worked as a manager and, beginning in 1927, dated Broadway ingenue and later MGM movie star Jeanette MacDonald for a time. In December 1933, 600 of the store's 1000 employees walked out in a famous White Collar union strike. Federated and Maus Freres S.A. Julian Simon's control of Boston Store was sold to Federated Department Stores in 1948 and under Federated, branch stores were opened in several Wisconsin cities including Oshkosh, Sheboygan and Manitowoc. Ownership later passed to the Bergner's chain of Peoria, Illinois in 1985 (itself owned by Switzerland-based Maus Frères S.A., a retail conglomerate controlled by the Maus and Nordmann Families); soon afterward Bergner's relocated its hea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
County Seat (store)
County Seat was an American clothing retailer founded in 1973. With more than 740 stores at its peak, the chain closed in 1999 following Chapter 11 bankruptcy. History Jack J. Crocker, then the CEO of SuperValu supermarkets, founded the chain in 1973 in Dallas, Texas. Appropriate for the pun in its name, County Seat specialized in blue jeans and other casual wear. In 1977, the chain grew to 183 stores, and also began to sell sports clothing. In 1983, it was sold to the Carson Pirie Scott department store chain of Chicago, who bought County Seat for $71 million. Two years later, Carson Pirie Scott acquired the 19-store Pants Corral store from Giant Food of Landover, Maryland, and converted these to County Seat. Carson Pirie Scott redesigned the chain's stores with matte black fixtures and re-focused the merchandise line to target high schoolers. The chain had 415 stores in 1989, at which point Bergner's acquired Carson Pirie Scott and sold County Seat to a new management tea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toddle House
Toddle House was a national quick service restaurant chain in the United States, which specialized in breakfast but was open 24/7. Lunch and dinner entrées included soups and salads and various sandwiches. Much of their business was takeout. History The precursor to Toddle House was started in the late 1920s, by J. C. Stedman, a lumberman from Houston, Texas, seeking to use leftover building supplies. Stedman persuaded the owners of Britling Cafeterias, a restaurant chain that started a few years earlier, to build his restaurants. Shortly thereafter, Stedman was approached by a successful Memphis businessman named James Frederick "Fred" Smith, who was looking for a new investment since the Greyhound Corporation had bought a controlling interest in the Smith Motor Coach Company he founded 1931, and was renamed as the Dixie Greyhound Lines. (Smith was the father of Frederick Wallace Smith, who later founded FedEx.) In 1932, Smith became the president of the National Toddle House ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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