Everything's A Dollar
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Everything's A Dollar
Everything's A Dollar was a retail store that sold discounted items for one dollar. Founded by Bo Perry, it was headquartered in Virginia Beach, Virginia. History The first store opened on the Virginia Beach boardwalk in 1985, and was initially only open during the summer. At the time, the concept was a novelty, though it was inspired by the 10-cent stores of the 19th century, first started by Woolworth's Department Store. It was the first "dollar store" since the first similarly priced merchant, Dollar General, raised it's prices in the 1960s. Michael Porter, the founder of one of their venders, suggested that Perry open a store in a mall—an idea Perry was suspicious of. He believed the concept would only appeal to tourists. However, Perry offered to financially back the venture, and they opened the first mall location in October 1985 in Tower Mall in nearby Chesapeake. Buying closeout merchandise, they would sell it at discounts of up to 70-percent. "Price checks" were a co ...
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Virginia Beach, Virginia
Virginia Beach (colloquially VB) is the most populous city in the U.S. commonwealth of Virginia. The city is located on the Atlantic Ocean at the mouth of the Chesapeake Bay in southeastern Virginia. It is the sixth-most populous city in the Mid-Atlantic and the 42nd-most populous city in the U.S. with a population of 459,470 at the 2020 census. Virginia Beach is a principal city in the Hampton Roads metropolitan area, which has more than 1.8 million inhabitants and is the 37th-largest metropolitan area in the U.S. Virginia Beach is a resort city with miles of beaches and hundreds of hotels, motels, and restaurants along its oceanfront. Near the point where the Chesapeake Bay and the Atlantic Ocean meet, Cape Henry was the site of the first landing of the English colonists who eventually settled in Jamestown; modern Virginia Beach was established in 1906. It is home to several state parks, protected beaches, and military bases. Virginia Wesleyan University, Regent ...
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Virginia Beach Oceanfront
Virginia Beach Oceanfront refers to the three mile (4.8 km) long (27 feet wide) boardwalk area in South East Virginia Beach on the East Coast of the United States, Atlantic Coast. It is located North of the Rudee Inlet Bridge and includes the boardwalk itself, Atlantic Avenue, and U.S. Route 60 in Virginia#South Hampton Roads, Pacific Avenue. Virginia Beach is a resort city, and the Oceanfront is a primary tourist attraction. The boardwalk, substantially updated in 1988, is a concrete path linking forty hotels and other attractions via pedestrian walkway and separated bike path -- which in turn connects to nearby trails and surface streets. History With the construction of a rail system in 1883 tourism in Virginia Beach began to grow. Soon after the Virginia Beach Hotel opened, offering the first overnight accommodations. More tourists began to spend their summers in Virginia Beach along the shore, and construction began on the boardwalk in 1888. First constructed of wooden pl ...
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Five And Dime
A variety store (also five and dime (historic), pound shop, or dollar store) is a retail store that sells general merchandise, such as apparel, auto parts, dry goods, toys, hardware, furniture, and a selection of groceries. It usually sells them at discounted prices, sometimes at one or several fixed price points, such as one dollar, or historically, five and ten cents. Variety stores, as a category, are different from general merchandise superstores, hypermarkets (such as those operated by Target and Walmart), warehouse clubs (such as Costco), grocery stores, or department stores. Dollar stores that sell food have been alleged to create food deserts: areas with limited access to affordable and healthy food. This is alleged to occur when dollar stores outcompete local businesses, and soon become some of the only grocery store–like businesses available in some areas. Economics Pricing and margins Some items are offered at a considerable discount over other retailers, wher ...
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Woolworth's Department Store
The F. W. Woolworth Company (often referred to as Woolworth's or simply Woolworth) was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores follow worldwide today. The first Woolworth store was opened by Frank Winfield Woolworth on February 22, 1879, as "Woolworth's Great Five Cent Store" in Utica, New York. Though it initially appeared to be successful, the store soon failed. When Woolworth searched for a new location, a friend suggested Lancaster, Pennsylvania. Using the sign from the Utica store, Woolworth opened his first successful "Woolworth's Great Five Cent Store" on June 21, 1879, in Lancaster. He brought his brother, Charles Sumner Woolworth, into the business. The two Woolworth brothers pioneered and developed merchandising, direct purchasing, sales, and customer service practices commonly used today. De ...
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Dollar General
Dollar General Corporation is an American chain of discount stores headquartered in Goodlettsville, Tennessee. As of January 8, 2024, Dollar General operated 19,643 stores in the contiguous United States and Mexico. The company began in 1939 in Scottsville, Kentucky, as a family-owned business called J.L. Turner and Son, owned by James Luther Turner and Cal Turner. In 1955, the name changed to Dollar General Corporation, and in 1968 the company went public on the New York Stock Exchange. The Fortune 500, ''Fortune'' 500 recognized Dollar General in 1999, and in 2020 it reached #112 on the list. Dollar General has grown to become one of the most profitable stores in the Rural areas in the United States, rural United States, with revenue reaching around $27 billion in 2019. The company and its business practices have been subject to criticism, particularly regarding how it may be creating and perpetuating food deserts and stifling local businesses while offering fewer and lower-pay ...
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Chesapeake, Virginia
Chesapeake is an independent city in Virginia, United States. At the 2020 census, the population was 249,422, making it the second-most populous city in Virginia, the tenth largest in the Mid-Atlantic, and the 92nd-most populous city in the United States. Chesapeake is included in the Hampton Roads metropolitan area. One of the cities in the South Hampton Roads, Chesapeake was organized in 1963 by voter referendums approving the political consolidation of the city of South Norfolk with the remnants of the former Norfolk County, which dated to 1691. (Much of the territory of the county had been annexed by other cities.) Chesapeake is the second-largest city by land area in the Commonwealth of Virginia, and the 17th-largest in the United States. Chesapeake is a diverse city in which a few urban areas are located; it also has many square miles of protected farmland, forests, and wetlands, including a substantial portion of the Great Dismal Swamp National Wildlife Refuge. ...
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Hedge Fund
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and insulate returns from beta (finance), market risk. Among these portfolio (finance), portfolio techniques are short (finance), short selling and the use of leverage (finance), leverage and derivative (finance), derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and Exchange-traded fund, ETFs. They are also considered distinct from private-equity fund, private equity funds and other similar cl ...
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Short (finance)
In finance, being short in an asset means investing in such a way that the investor will profit if the market value of the asset falls. This is the opposite of the more common Long (finance), long Position (finance), position, where the investor will profit if the market value of the asset rises. An investor that sells an asset short is, as to that asset, a short seller. There are a number of ways of achieving a short position. The most basic is physical selling short or short-selling, by which the short seller Securities lending, borrows an asset (often a security (finance), security such as a share (finance), share of stock or a bond (finance), bond) and sells it. The short seller must later buy the same amount of the asset to return it to the lender. If the market price of the asset has fallen in the meantime, the short seller will have made a profit equal to the difference in price. Conversely, if the price has risen then the short seller will bear a loss. The short seller ...
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Smith Barney
Morgan Stanley Wealth Management is an American Multinational corporation, multinational financial services corporation specializing in Broker, retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of Citi Global Wealth Management. The combined brokerage house has 17,646 financial advisors and manages $2 trillion in client assets. Clients range from individual investors to small- and mid-sized businesses, as well as large corporations, non-profit organizations and family foundations. On September 25, 2012, Morgan Stanley announced that its United States, U.S. wealth management business was renamed "Morgan Stanley Wealth Management". The broker-dealer designation for Morgan Stanley Wealth Management will remain "Morgan Stanley Smith Barney LLC". History Smith Barn ...
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Dollar Tree
Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a ''Fortune'' 500 (sometimes referred to as Fortune 200) company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner. Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products, including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags, and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and ...
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Discount Stores Of The United States
Discount may refer to: Arts and entertainment *Discount (band), punk rock band that formed in Vero Beach, Florida in 1995 and disbanded in 2000 * ''Discount'' (film), French comedy-drama film * "Discounts" (song), 2020 single by American rapper Cupcakke Economics and business *Discounts and allowances, reductions in the basic prices of goods or services *Discounting, a financial mechanism in which a debtor obtains the right to delay payments to a creditor *Delay discounting In behavioral economics, time preference (or time discounting,. delay discounting, temporal discounting, long-term orientation) is the current relative valuation placed on receiving a good at an earlier date compared with receiving it at a late ..., the decrease in perceived value of receiving a good at a later date compared with receiving it at an earlier date * Discount store {{disambiguation ...
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