Chapel Hills Mall
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Chapel Hills Mall
Chapel Hills Mall is an enclosed shopping mall located in Colorado Springs, Colorado, United States, with of gross leasable area. The anchor stores are AMC Theatres, Dick's Sporting Goods, Dillard's, H&M, and Macy's. There are two vacant anchor stores that Burlington and Gordmans occupied before closing. History 1980s Initial development of the Chapel Hills Mall began in the mid-1970s, with the mall project receiving approval from the board of county commissioners in August 1974. General Growth Properties (GGP) spearheaded development. GGP also developed Colorado Springs' other enclosed mall, The Citadel. Construction on the mall began in late 1979 and finished by mid-1982. The mall officially opened on August 4, 1982, although Sears and the six-screen movie theater adjoined to the mall had opened a couple of months prior. Original anchors to the mall were Sears, H.J. Wilson's Catalog Showrooms, Kmart, and Fashion Bar. In March 1985, A 135,000 square foot expansion opened, ...
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Colorado Springs, Colorado
Colorado Springs is a home rule municipality in, and the county seat of, El Paso County, Colorado, United States. It is the largest city in El Paso County, with a population of 478,961 at the 2020 United States Census, a 15.02% increase since 2010. Colorado Springs is the second-most populous city and the most extensive city in the state of Colorado, and the 40th-most populous city in the United States. It is the principal city of the Colorado Springs metropolitan area and the second-most prominent city of the Front Range Urban Corridor. It is located in east-central Colorado, on Fountain Creek, south of Denver. At the city stands over above sea level. Colorado Springs is near the base of Pikes Peak, which rises above sea level on the eastern edge of the Southern Rocky Mountains. History The Ute, Arapaho and Cheyenne peoples were the first recorded inhabiting the area which would become Colorado Springs. Part of the territory included in the United States' 1803 Lo ...
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Joslins
Joslins Department Store began as J. Joslins Dry Goods Store, founded by John Jay Joslin in 1873; It was a direct competitor to The Denver Dry Goods Company which commenced operations in 1888. The downtown Joslins building in Denver, Colorado, is on the U.S. National Register of Historic Places, and is currently a Courtyard by Marriott property. History J. Joslins Dry Goods later converted to a department store in the 1930s and was purchased by Mercantile Stores Mercantile Stores Company Inc. until 1998, was a traditional department store retailer operating 102 fashion apparel stores and 16 home fashion stores in 17 states. The stores were operated under 13 different nameplates and varied in size, with t ..., a Fairfield, Ohio-based department store conglomerate. Mercantile Stores retained the Joslin's name, operating until 1998 when the purchase of Mercantile Stores and the conversion to the Dillard's store brand were completed. References CURTAIN FALLS ON JOSLINS DILLA ...
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Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ...
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Burlington Coat Factory
Burlington, formerly known as Burlington Coat Factory, is an American national off-price department store retailer, and a division of Burlington Coat Factory Warehouse Corporation with more than 1,000 stores in 40 states and Puerto Rico, with its corporate headquarters located in Burlington Township, New Jersey. In 2007, it was acquired by Bain Capital in a transaction and in 2008, Tom Kingsbury became president and CEO. The company went public again in 2013. Burlington is the third largest off-price retailer after TJX Companies and Ross Stores. History Monroe Milstein and his father, Abe, had been running a successful wholesale and retail outerwear business together since 1946. In 1972, Henrietta Milstein convinced her husband Monroe to purchase a former factory outlet in Burlington, New Jersey, for $675,050, using money she had saved from her job as a librarian for most of the $75,000 down payment. Initially, the Milsteins sold coats and jackets wholesale, but in order to ...
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Old Navy
Old Navy is an American clothing and accessories retailing company owned by multinational corporation Gap Inc. It has corporate operations in the Mission Bay neighborhood of San Francisco, California. The largest of the Old Navy stores are its flagship stores, located in New York City, Seattle, Chicago, San Francisco, Manila, and Mexico City. History In the early 1990s, Dayton-Hudson Corporation (then the parent company of Target, Mervyn's, Dayton's, Hudson's, and Marshall Field's) looked to establish a new division branded as a less expensive version of Gap called ''Everyday Hero''; Gap's then-CEO Millard Drexler responded by opening Gap Warehouse in existing Gap outlet locations in 1993. On March 11, 1994, Gap Warehouse was renamed Old Navy Clothing Co. in order to establish a separate image from its parent company Gap Inc. The name was conceived after the original proposed names, ''Monorail'' and ''Forklift'', were disliked by Drexler, and decided upon the new name af ...
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Mercantile Stores Co
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products and ...
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May Department Stores
The May Department Stores Company was an American department store holding company, formerly headquartered in downtown St. Louis, Missouri. It was founded in Leadville, Colorado, by David May in 1877, moving to St. Louis in 1905. After many changes in the retail industry, the company merged with Federated Department Stores (now Macy's, Inc.) in 2005. This company was only a holding company that bought, sold, and merged regional department stores, such as Foley's and L.S. Ayres. During most of its history, the operations of the various divisions were kept separate and had their own buyers and credit cards. The latter were not accepted at other May-owned stores. At times, two different May stores operated in the same geographical market, but they were aimed at different customers. Most decisions for each of the regional store companies were made by management at the local headquarters and not by the holding company in St. Louis. Some of the regional stores shared names that were ...
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Foley's
Foley's was a chain of department stores owned by May Department Stores and headquartered in Downtown Houston, Texas. On August 30, 2005, the division was dissolved and operation of the stores was assumed by Federated's Macy's West and Macy's South divisions. Foley's operated stores in Texas, Colorado, Louisiana, Arizona, Oklahoma and New Mexico. On September 9, 2006 Foley's and all the regional May Co. stores names were phased out and rebranded as Macy's. History This company was founded in 1900 by brothers Pat and James Foley, in Houston, Texas, as Foley Brothers. It was originally acquired by Federated Department Stores, Inc. in 1947. In 1961, Foley's opened its first branch store at the Sharpstown Shopping Center and continued to add Houston branches over the next five decades. In the 1970s, Foley's opened stores in Austin and in the 1980s opened in San Antonio. By 1987, Foley's absorbed Federated's Dallas-based Sanger-Harris chain with stores in the Dallas/Fort Worth Me ...
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Ruby Tuesday (restaurant)
Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall III. The corporation was formed in 1996 as a reincorporation of Morrison Restaurants Inc. It is headquartered in Maryville, Tennessee, and has 209 locations worldwide, with some temporarily closed due to the COVID-19 pandemic. Its flagship brand is an American cuisine casual dining restaurant chain with locations throughout the United States aside from the Pacific Coast states. Its greatest density of locations is along the eastern coast of the United States (aside from Boston) as it closed a number of locations in the Great Basin and Great Plains regions, including Chicago, in recent years. In 2016, Ruby Tuesday sold the rights to the Lime Fresh Mexican Grill to an undisclosed buyer in an attempt to refocus on the main Ruby Tuesday brand. The company has closed all locations of Wok Hay an ...
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Borders Books
Borders Group, Inc. (former NYSE ticker symbol BGP) was an American multinational book and music retailer based in Ann Arbor, Michigan, United States. In its final year, the company employed about 19,500 people throughout the U.S., primarily in its Borders and Waldenbooks stores. At the beginning of 2010, the company operated 511 Borders superstores in the United States. The company also operated 175 stores in the Waldenbooks Specialty Retail segment, including Waldenbooks, Borders Express, Borders airport stores, and Borders Outlet stores. In February 2011, Borders applied for Chapter 11 bankruptcy protection and began liquidating 226 of its stores in the United States. Despite a purchase offer from the private equity firm Najafi Companies, Borders was not able to find a buyer acceptable to its creditors before its July bidding deadline, so it began liquidating its remaining 399 retail outlets, with the last remaining stores closing in September. The Chapter 11 case was ultimat ...
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Furr's
Furr's (also known as Furr's Cafeteria, Furr's Family Dining, Furr's Fresh Buffet, and Furr's All-You-Can-Eat Marketplace) was a chain of family restaurants in the United States started by Roy Furr. The first location opened in 1946 in Hobbs, New Mexico. For many decades, Furr's was known for cafeteria-style dining, but eventually redeveloped into buffet-style dining. History In 1946, brothers Roy and Key Furr founded the first Furr's restaurant, opened in Hobbs in southeastern New Mexico. A second location was opened in Odessa, Texas, in 1947. Furr's was purchased by the Kmart Corp. in 1980, and subsequently sold by Kmart to Michael Levenson's Limited National Partnership in 1988. In 1998, its corporate history is notable for having its board of directors ousted by an institutional investor TIAA-CREF. In 2000, the company established a new name, Furr's Restaurant Group. In December 2002, Furr's closed its two locations in Las Vegas as part of a corporate downsizing plan to ...
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Carmike Cinemas
Carmike Cinemas was a motion picture exhibitor headquartered in Columbus, Georgia. As of March 2016, the company had 276 theaters with 2,954 screens in 41 states, and was the fourth largest movie theater chain in the United States. The company billed itself as "America's Hometown Theatre" and Carmike theaters were largely positioned in rural or suburban areas with populations under 200,000. The company's theaters operated under various names and generally had a name followed by the number of auditoriums at that location; for example, "Carmike 15". On March 4, 2016, AMC Theatres announced its intent to acquire Carmike Cinemas. The deal was closed on December 21, 2016; Carmike locations were converted to the AMC brand in 2017, with the Carmike logo and slogan being repurposed for the new AMC Classic banner (which was adopted by smaller AMC locations with fewer premium amenities). History Carmike was founded when Carl L. Patrick, Sr. acquired Martin Theatres from Fuqua Industries i ...
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