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Child World
Child World was an American toy retailer founded in 1962. It grew to 182 sites and revenues of $830 million before failing in 1992. It was known for the distinctive stylised castle store exterior adopted after its 1977 purchase of the Children's Palace store chain. History Beginnings and early expansion Child World was founded by Sid Schneider and Joseph Arnesano in Quincy, Massachusetts in 1962. It became a publicly-traded corporation in 1968, based in Avon, Massachusetts. After its acquisition of Children's Palace, from Kobacker Stores in 1975,Alternate Link via . Child World became the second largest toy retailer in the United States after |
Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shoppers World (Framingham, Massachusetts)
Shopper's World is a retail park in Framingham, Massachusetts. The original facility (spelled Shoppers' World) is of historical significance as one of the first suburban shopping malls in the United States upon opening in 1951; it was demolished and replaced by the current open-air facility in 1994. The retail park, with the adjacent Natick Mall in Natick, are major components of the Golden Triangle shopping district in the center of MetroWest, situated between Route 9 and Route 30. History and layout One of the earliest suburban shopping malls in the United States, Shoppers' World (spelled with an apostrophe and possessive "s" in the plural form) opened on October 4, 1951 with 44 stores, 25,000 people, and State Treasurer John E. Hurley present. This futuristic concept mall was designed to be the mecca of suburban shopping between Boston and Worcester, as the area around its original property remains today. At the time the term "mall" was not yet in use as a term for an e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lionel Kiddie City
The Lionel toy stores (doing business as Lionel Kiddie City, Lionel Playworld, and, until 1990, Lionel Toy Warehouse) were American toy store chains under the ownership of Lionel Corp. History Kiddie City Toy Stores were started in the 1960s. By the early 1980s, Lionel operated 150 stores, under the names Lionel Kiddie City, Lionel Playworld, and Lionel Toy Warehouse (rebranded as Lionel Kiddie City in 1990). For a time it was the second-largest toy store chain in the United States. Lionel ran into financial trouble during the early 1980s recession and filed for Chapter 11 bankruptcy in February 1982. After reducing itself in size to 55 stores, it emerged from bankruptcy in September 1985. By 1991, the chain grew to 100 stores and was the fourth-largest toy retailer in the country, but once again ran into trouble due to a combination of factors. In 1989 Robert I. Toussie L.P., a partnership of several retail executives, attempted to buy the company. Lionel resisted, and the figh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lionel Corporation
Lionel Corporation was an American toy manufacturer and holding company of retailers that had been in business for over 120 years. It was founded as an electrical novelties company. Lionel specialized in various products throughout its existence. Toy trains and model railroads were its main claim to fame. David Lander "Lionel" ''American Heritage'', Nov./Dec. 2006. Lionel trains have been produced since 1900, and their trains drew admiration from model railroaders around the world for the solidity of their construction and the authenticity of their detail. During its peak years in the 1950s, the company sold $25 million worth of trains per year.Osterhoff, Robert J. "When the Lights Went out at Lionel, ''Classic Toy Trains'', May 1999. Page 76. In 2006, Li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Class-action Lawsuit
A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class action originated in the United States and is still predominantly a US phenomenon, but Canada, as well as several European countries with civil law, have made changes in recent years to allow consumer organizations to bring claims on behalf of consumers. Description In a typical class action, a plaintiff sues a defendant or a number of defendants on behalf of a group, or class, of absent parties. This differs from a traditional lawsuit, where one party sues another party, and all of the parties are present in court. Although standards differ between states and countries, class actions are most common where the allegations usually involve at least 40 people who the same defendant has injured in the same way. Instead of each damaged person brin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy Protection
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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Rescheduling
Debt rescheduling is the lengthening of the time of debt repayment by restructuring the terms of an existing loan. Types of resecheduling In retail banking, the debt rescheduling can be applied for personal loans given to individuals as education loan, consumer credit, mortgage loan and loans given for making investment in financial assets such as equity shares, debenture, and bond (finance). In North America and Europe, there are the portals which offers loan rescheduling/restructuring/consolidation via peer-to-peer lending marketplace such as Prosper Marketplace and LendingClub. Approaches; * Reduce payment amounts by extending the payment period and increasing the number of payments. * Pause payments by adding debt moratorium period in a loan term during which the borrower is not required to make any repayment but it increases the amount of the monthly instalments. See also *Loan modification *Loan modification company A loan modification company, also known as a mortg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dracut, Massachusetts
Dracut is a town in Middlesex County. At the 2020 census, the town's population was 32,617, making it the second most populous town in Massachusetts with an open town meeting system of governance. The town covers a total area of 21.36 square miles, 0.5 square miles of which is water. History Before Europeans arrived in the mid-17th century, Dracut and the surrounding area were known as Augumtoocooke. Important Pennacook Indian settlements were served by fishing at Pawtucket Falls on the Merrimack River and abundant game in the surrounding marsh areas.History of Dracut, Massachusetts, called by the Indians Augumtoocooke and before incorporation, the wildernesse north of the Merrimac. First permanent settlement in 1669 and incorporated as a town in 1701, by Silas Roger Coburn (1922) From the late 16th to mid-17th centuries, the powerful sachem Passaconaway and his family spent much of their lives on this land. Europeans began to settle in the area around 1653, and establish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Museum
A museum ( ; plural museums or, rarely, musea) is a building or institution that cares for and displays a collection of artifacts and other objects of artistic, cultural, historical, or scientific importance. Many public museums make these items available for public viewing through exhibits that may be permanent or temporary. The largest museums are located in major cities throughout the world, while thousands of local museums exist in smaller cities, towns, and rural areas. Museums have varying aims, ranging from the conservation and documentation of their collection, serving researchers and specialists, to catering to the general public. The goal of serving researchers is not only scientific, but intended to serve the general public. There are many types of museums, including art museums, natural history museums, science museums, war museums, and children's museums. According to the International Council of Museums (ICOM), there are more than 55,000 museums in 202 c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (financial Accounting)
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is ''obliged'' to make to other entities as a result of past transactions or other ''past'' events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assets
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Products Safety Commission
The United States Consumer Product Safety Commission (USCPSC, CPSC, or commission) is an independent agency of the United States government. The CPSC seeks to promote the safety of consumer products by addressing “unreasonable risks” of injury (through coordinating recalls, evaluating products that are the subject of consumer complaints or industry reports, etc.); developing uniform safety standards (some mandatory, some through a voluntary standards process); and conducting research into product-related illness and injury. In part due to its small size, the CPSC attempts to coordinate with outside parties—including companies and consumer advocates—to leverage resources and expertise to achieve outcomes that advance consumer safety. The agency was created in 1972 through the Consumer Product Safety Act. The agency reports to Congress and the President; it is not part of any other department or agency in the federal government. The CPSC has five commissioners, who are nom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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