Eckerd Drug
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Eckerd Drug
Eckerd Corporation was an American drug store chain that was headquartered in Largo, Florida, and toward the end of its life, in Warwick, Rhode Island. The chain had approximately 2,800 stores in 23 states as far west as Arizona. In November 1996, Eckerd drugs was purchased by JCPenney. In April 2004, the company, the fourth largest drug chain in the U.S., was broken up in a $4.52 billion deal, with approximately 1,269 stores in Florida, Louisiana and Texas, along with Eckerd's $1.3 billion mail order pharmacy, sold to CVS Corporation (now CVS Health). The deal enabled CVS to leapfrog past rival Walgreens with some 5,400 stores. Because CVS already owned 74 stores in Florida at the time, including 19 in the Tampa Bay Area, many duplicate locations were closed. The remaining stores were sold to the Quebec-based Jean Coutu Group and merged with its Brooks Pharmacy chain. The Eckerd name and corporate headquarters, which housed 1,000 administrative workers at the time in Largo, Flori ...
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CVS Pharmacy
CVS Pharmacy, Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. It was also known as, and originally named, the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation from its inception until its current parent company (CVS Health) was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. Its parent company ranks as the fifth largest U.S. corporation by FY2020 revenues in the ''Fortune'' 500. The parent company of CVS Pharmacy's leading competitor (Walgreens) ranked 19th for the same time period. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandis ...
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Delaware News-Journal
''The News Journal'' is the main newspaper for Wilmington, Delaware, and the surrounding area. It is headquartered in unincorporated area, unincorporated New Castle County, Delaware, near New Castle, and is owned by Gannett. History The ancestry of the News Journal reflects the mergers of several newspapers. It is dated to Oct. 1, 1866 when Howard M. Jenkins and Wilmer Atkinson started the afternoon publication ''Daily Commercial''. In 1877, that paper was absorbed into a rival, the ''Every Evening'', founded by Georgetown native William T. Croasdale. The ''Evening Journal'', later owned by the Du Pont family, was founded in 1888 as a competitor to the Every Evening. The two papers merged in 1933. Another predecessor to the News Journal was the ''Morning Herald'', founded in 1876 by Philadelphia lawyer John O'Byrne. It later became the Daily Morning News, bought by Alfred I. Du Pont in 1911. For most of the 20th century, the Du Pont family owned these two Delaware newspapers ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Genovese Drug Stores
Genovese Drug Stores was a pharmacy chain located in the New York City- Long Island area of the United States, including northern New Jersey, along with Fairfield County, Connecticut and Hartford County, Connecticut. It was acquired by JCPenney in 1998 and merged with the latter's subsidiary Eckerd. Genovese was founded in 1924 by Joseph Genovese, in Astoria, Queens. By 1978, when Genovese died, the chain had grown to 50 locations. It opened its first Manhattan location in 1993. At time of its sale in 1998 to JC Penny, the still family-controlled chain was headquartered in Melville, New York and had 141 stores and 5,000 employees. Five years after the acquisition, the Genovese name ceased to exist when all the remaining stores were rebranded as Eckerd. Most Genovese stores that have remained open currently do business as Rite Aid, who bought Eckerd's eastern U.S. operations in 2007. Genovese Drug Stores had no connection to the Genovese crime family, one of the "Five Familie ...
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Fay's Drugs
Fay's Drug was a chain of drug stores that was founded in 1958 in Fairmount, New York. At its height, Fay's Drugs operated its core business, along with Wheels Discount Auto and The Paper Cutter Books and Office and Party Supply. History Beginning In 1958, the first Fay's Drug Store was opened in Fairmount, New York by Henry A. Panasci, Jr. and his father Henry Panasci Sr. The store was named after Faye Panasci, wife of Henry Panasci, Jr. Fay's steadily grew in Central New York—the resulting Fay's Drugs Company, Inc. was incorporated on October 20, 1966 and Fay's Drugs opened its headquarters in Syracuse, New York with the bulk of its operations residing in Liverpool, New York. At its peak there were over 300 stores operating in New York and Northeast Pennsylvania. Fay's enjoyed #1 market share in Buffalo, Rochester, Syracuse and Albany. Acquisitions In 1979 Fay's acquired the Key Drug store chain in Rochester, NY and converted them to Fay's; further expanding their Roche ...
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Thrift Drug
Thrift Drug was a U.S. pharmacy chain founded in 1935 and based in Pittsburgh, Pennsylvania. The company was purchased by JCPenney in 1968, and was expanded greatly thereafter, serving as the flagship chain of JCPenney's pharmacy group. The chain did not hide its affiliation with JCPenney, as it had JCPenney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "JCPenney Catalog Center". Stores also accepted the JCPenney credit card for purchases. In 1996, JCPenney purchased Eckerd Corporation, Eckerd, another pharmacy chain. The U.S. Federal Trade Commission (FTC) objected to the purchase on antitrust grounds, stating that ownership of Eckerd would give JCPenney a dominant position in the drug store business in the states of North Carolina and South Carolina through its ownership of Thrift Drug, Rite Aids in the Carolinas, and Eckerd. The FTC ultimately approved the transaction, but as a condition of approval, in 1997 JCPenney and Thrift ...
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Tandy Corporation
Tandy Corporation was an American family-owned leather goods company based in Fort Worth, Texas, United States. Tandy Leather was founded in 1919 as a leather supply store. By the end of the 1950s, under the tutelage of then-CEO Charles Tandy, the company expanded into the hobby market, making leather moccasins and coin purses, making huge sales among Scouts, leading to a fast growth in sales. Entering the 1960s, aiming to broaden the company horizon, Charles Tandy acquired a number of craft retail companies, including RadioShack in 1963, then an almost bankrupt chain of electronics stores in Boston. In the 1980s, now led by John Roach as CEO, the corporation started to invest into the personal computer market, being one of the pioneers in the personal computer race, being lauded by the magazine ''Financial World'' as "the driving force at the front-running company in the red-hot personal computer race." In 2000, the Tandy Corporation name was dropped and the entity became t ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Proprietorship
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work alone and may employ other people. The sole trader receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor, and all debts of the business are that of the proprietor. It is a "sole" proprietorship in contrast with a partnership, which has at least two owners. Sole proprietors may use a trade name or business name other than their or its legal name. They may have to trademark their business name legally if it differs from their own legal name, with the process varying depending upon country of residence. Advantages and disadvantages Registration of a business name for a sole propri ...
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Lunch Counter
A lunch counter (also known as a luncheonette) is, in the US, a small restaurant, similar to a diner, where the patron sits on a stool on one side of the counter and the server or person preparing the food serves from the opposite side of the counter, where the kitchen or limited food preparation area is located. As the name suggests, they were primarily used for the lunch meal. Lunch counters were once commonly located inside retail variety stores (" five and dimes" or "five and tens" as they were called in the United States) and smaller department stores. The intent of the lunch counter in a store was to profit from serving hungry shoppers, and to attract people to the store so that they might buy merchandise. History Woolworth's, an early five and dime chain of stores, opened their first luncheonette in New Albany, Indiana, around 1923, and expanded rapidly from there.Barksdale, David C. & Sekula, Robyn Davis (2005) ''New Albany in Vintage Postcards,'' p. 2 Lunch coun ...
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Columbia, South Carolina
Columbia is the capital of the U.S. state of South Carolina. With a population of 136,632 at the 2020 census, it is the second-largest city in South Carolina. The city serves as the county seat of Richland County, and a portion of the city extends into neighboring Lexington County. It is the center of the Columbia metropolitan statistical area, which had a population of 829,470 in 2020 and is the 72nd-largest metropolitan statistical area in the nation. The name Columbia is a poetic term used for the United States, derived from the name of Christopher Columbus, who explored for the Spanish Crown. Columbia is often abbreviated as Cola, leading to its nickname as "Soda City." The city is located about northwest of the geographic center of South Carolina, and is the primary city of the Midlands region of the state. It lies at the confluence of the Saluda River and the Broad River, which merge at Columbia to form the Congaree River. As the state capital, Columbia is the s ...
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