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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. It was 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. History Origins: Carson and Pirie The chain began in 1854 when Samuel Carson and John Thomas Pirie first clerked in the Murray's dry goods store in Peru, Illinois, then opened their own store in LaSalle, followed by one in Amboy. In 1871, the Great Chicago Fire destroyed 60% of the store's stock. Origins: Scott John Edwin Scott operated a dry goods store in Ottawa, Illinois. He later moved up to Chicago and became the first partner of Carson and Pirie in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Loop
The Loop is Chicago's central business district and one of the city's 77 municipally recognized Community areas in Chicago, community areas. Located at the center of downtown Chicago on the shores of Lake Michigan, it is the second-largest business district in North America, after Midtown Manhattan in New York City. The world headquarters and regional offices of several global and national businesses, retail establishments, restaurants, hotels, museums, theaters, and libraries—as well as many of Chicago's most famous attractions—are located in the Loop. The district also hosts Chicago's Chicago City Hall, City Hall, the seat of Cook County, Illinois, Cook County, offices of the state of Illinois, United States federal offices, as well as several foreign consulates. The intersection of State Street (Chicago), State Street and Madison Street (Chicago), Madison Street in the Loop is the origin point for the address system on Roads and expressways in Chicago, Chicago's street gri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. 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 the exchange also lists; ticker symbol NDAQ), which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources. History 1972–2000 Nasdaq, Inc. was founded in 1971 by the National Association of Securities Dealers (NASD), which is now known as the Financial Industry Regulatory A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donaldson's
Donaldson's, previously known as the L. S. Donaldson Company, headquartered in Minneapolis, Minnesota, is a defunct department store company. History Scottish immigrant William Donaldson opened a small store in Minneapolis in 1881, located at 310 Nicollet Avenue. In 1883, William and his brother Lawrence purchased a -story store named Colton and Company, featuring a large expanse of glass block. The Donaldson brothers department store was known in its early years as "Donaldson's Glass Block Store" because of this distinctive design feature. In 1888, the original building was demolished, and replaced with a five-story building featuring a dome on top, elevators, and rows of plate glass windows. By 1899, William had died, and Lawrence renamed the company the "L.S. Donaldson Company". The store continued to expand, which culminated in the construction of a new $2,000,000 (~$ in ) eight-story building, taking up an entire block of Nicollet from Sixth Street to Seventh Street, topped ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Store (Wisconsin)
Boston Store is an online retailer originally established in 1897 in Milwaukee, Wisconsin as a department store. 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 headquarters to Milwaukee. Acquisitions As ... [...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 $71 million (~$ in ). 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 man ... [...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] |
Peoria, Illinois
Peoria ( ) is a city in Peoria County, Illinois, United States, and its county seat. Located on the Illinois River, the city had a population of 113,150 as of the 2020 United States census, 2020 census, making it the List of municipalities in Illinois, eighth-most populous city in Illinois. It is the principal city of the Peoria, Illinois, metropolitan area, Peoria metropolitan area in Central Illinois, consisting of Fulton County, Illinois, Fulton, Marshall County, Illinois, Marshall, Peoria, Stark County, Illinois, Stark, Tazewell County, Illinois, Tazewell, and Woodford County, Illinois, Woodford counties and home to 402,391 people in 2020. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest permanent European settlement in Illinois, according to the Illinois State Archaeological Survey. Originally known as Fort Clark, it received its current name when the Peoria County, County of Peoria was organized in 1825. The city was named after the Peoria peop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Block & Kuhl
Block & Kuhl (originally Schipper & Block) was a chain of department stores based in Peoria, Illinois that was bought by Carson Pirie Scott in 1961. Block & Kuhl stores were converted to the Carson Pirie Scott name. History Block & Kuhl traced its roots to 1863 or 1864 and the C. Bonk and Co., a dry goods store with John H. Schipper as Bonk's partner. After Bonk's death, Henry C. Block joined the company, thus becoming the Schipper and Block Co., located at 304 Margaret St. in Pekin, Illinois. In 1874, they moved to 302 Court Street, corner of 3rd. As their business grew, they opened a second shop at Court and Capitol, on Oct. 12, 1879. Years later they opened a store in Peoria which soon after became the largest dry goods emporium in downstate Illinois. Schipper died in 1893, and Block continued to operate the business until a fire in 1898 that destroyed the Court & Capitol store. A new building was erected in its place. Then around 1900, Block sold a considerable interest to G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its south. Of the fifty U.S. states, Illinois has the List of U.S. states and territories by GDP, fifth-largest gross domestic product (GDP), the List of U.S. states and territories by population, sixth-largest population, and the List of U.S. states and territories by area, 25th-most land area. Its capital city is Springfield, Illinois, Springfield in the center of the state, and the state's largest city is Chicago in the northeast. Present-day Illinois was inhabited by Indigenous peoples of the Americas#History, Indigenous cultures for thousands of years. The French were the first Europeans to arrive, settling near the Mississippi and Illinois River, Illinois rivers in the 17th century Illinois Country, as part of their sprawling colony of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
