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Cary Towne Center
Cary Towne Center was an indoor shopping mall in Cary, North Carolina. It was anchored by Belk, Dillard's, Macy's, JCPenney, and Sears. History Cary Village Mall Originally planned in 1972, the mall was first proposed as the adjacent Cary Village Mall and Cary Village Square projects, part of a $25 million Village Center by local developers Seby Jones (who built Crabtree Valley Mall and J.W. York (who built Cameron Village). Village Center was to be a , 75 store project including 3 office buildings as well as a (never built) motel. Cary Village Center fills the intersection between Maynard Road (a loop around central Cary), Walnut Street, and Cary Towne Boulevard (originally Western Boulevard Extension), the latter two of which continue to nearby freeways. The enclosed mall was built on the eastern part of the site, with office buildings at the center and two open-air retail pavilions on the north, separated by Cary Towne Boulevard. The request to rezone the area to allow const ...
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Cary, North Carolina
Cary is a town in Wake and Chatham counties in the U.S. state of North Carolina and is part of the Raleigh–Cary, NC Metropolitan Statistical Area. According to the 2020 Census, its population was 174,721, making it the seventh largest municipality in North Carolina, and the 148th largest in the United States. In 2021, the town's population had increased to 176,987. Cary began as a railroad village and became known as an educational center in the late 19th and early 20th centuries.Kelly Lally Molloy (December 2000).Cary Historic District (pdf). ''National Register of Historic Places - Nomination and Inventory''. North Carolina State Historic Preservation Office. Retrieved June 1, 2015. In April 1907, Cary High School became the first state-funded public high school in North Carolina. The creation of the nearby Research Triangle Park in 1959 resulted in Cary's population doubling in a few years, tripling in the 1970s, and doubling in both the 1980s and 1990s. Cary is now th ...
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Hecht's
Hecht's, also known as Hecht Brothers, Hecht Bros. and the Hecht Company, was a large chain of department stores that operated mainly in the mid-Atlantic and southern region of the United States. The firm originated in Baltimore, Maryland. By 2005, Hecht's had some 81 stores in 19 markets in Maryland, the District of Columbia, Virginia, North Carolina, Tennessee, Delaware, New Jersey, and Pennsylvania. Its locations in New Jersey, Delaware, and the majority of those in Pennsylvania were operated under the name of Strawbridge's. Hecht's administrative office was in Arlington, Virginia. Hecht's was founded and was operated for over a century (1857–1959) as a family firm. It was purchased in 1959 by The May Department Stores Company which in turn, was acquired by Federated Department Stores on August 30, 2005. On February 1, 2006, Federated dissolved the former May Company divisions, and the existing Hecht's stores were divided between Macy's East and Macy's South, with stores in ...
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Triangle Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering and ...
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The News & Observer
''The News & Observer'' is an American regional daily newspaper that serves the greater Triangle area based in Raleigh, North Carolina. The paper is the largest in circulation in the state (second is the '' Charlotte Observer''). The paper has been awarded three Pulitzer Prizes; the most recent of which was in 1996 for a series on the health and environmental impact of North Carolina's booming hog industry. The paper was one of the first in the world to launch an online version of the publication, Nando.net in 1994. Ownership On May 17, 1995 the News & Observer Publishing Company was sold to McClatchy Newspapers of Sacramento, California, for $373 million, ending 101 years of Daniels family ownership. In the mid-1990s, flexo machines were installed, allowing the paper to print thirty-two pages in color, which was the largest capacity of any newspaper within the United States at the time. The McClatchy Company currently operates a total of twenty-nine daily newspapers in fourtee ...
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WTVD
WTVD (channel 11) is a television station licensed to Durham, North Carolina, United States, broadcasting the ABC network to the Research Triangle area. Owned and operated by the network's ABC Owned Television Stations division, it maintains primary studios on Liberty Street in downtown Durham, with additional studios and news bureaus in Raleigh, Chapel Hill and Fayetteville. The station's transmitter is located in Auburn, North Carolina. On-air branding uses ABC 11 as a station identifier, with the call letters taking a secondary role. History Early years In 1952, two rival companies each applied for a construction permit to build a television station in Durham on the city's newly allotted VHF channel 11—Herald-Sun Newspapers (publishers of the ''Durham Morning Herald'' and the ''Durham Sun'' as well as the owners of radio station WDNC) and Floyd Fletcher and Harmon Duncan, the then-owners of WTIK radio. In December 1953, the two sides agreed to join forces and operate th ...
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Retail Apocalypse
A retail apocalypse is the closing of numerous brick-and-mortar retail stores, especially those of large chains worldwide. It began around 2010, and was severely exacerbated by the mandatory closures during the COVID-19 pandemic. In 2017, over 12,000 physical stores closed due to factors including over-expansion of malls, rising rents, bankruptcies, leveraged buyouts, low quarterly profits outside holiday binge spending, delayed effects of the Great Recession, and changes in spending habits. American consumers have shifted their purchasing habits due to various factors, including experience-spending versus material goods and homes, casual fashion in relaxed dress codes, as well as the rise of e-commerce, mostly in the form of competition from juggernaut companies such as Amazon.com and Walmart. A 2017 ''Business Insider'' report dubbed this phenomenon the "Amazon effect," and calculated that Amazon.com was generating greater than 50% of the growth of retail sales. Dissenting ...
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Town Of Cary
Cary is a town in Wake and Chatham counties in the U.S. state of North Carolina and is part of the Raleigh–Cary, NC Metropolitan Statistical Area. According to the 2020 Census, its population was 174,721, making it the seventh largest municipality in North Carolina, and the 148th largest in the United States. In 2021, the town's population had increased to 176,987. Cary began as a railroad village and became known as an educational center in the late 19th and early 20th centuries.Kelly Lally Molloy (December 2000).Cary Historic District (pdf). ''National Register of Historic Places - Nomination and Inventory''. North Carolina State Historic Preservation Office. Retrieved June 1, 2015. In April 1907, Cary High School became the first state-funded public high school in North Carolina. The creation of the nearby Research Triangle Park in 1959 resulted in Cary's population doubling in a few years, tripling in the 1970s, and doubling in both the 1980s and 1990s. Cary is now the ...
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