Edward J. DeBartolo, Sr.
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Edward J. DeBartolo, Sr.
Edward John DeBartolo Sr. (May 17, 1909 – December 19, 1994) was an American businessman. In 1971, his Ohio-based corporation was ranked as 47th among the nation's top 400 construction contractors. In 1983, DeBartolo was included on ''Forbes'' magazine's first Forbes 400 list of richest Americans. Early years The second of six children, DeBartolo was born in Youngstown, Ohio, Youngstown, Ohio, a center of steel production that was also a major destination for immigrants from Southern Europe, Southern and Eastern Europe. DeBartolo's parents, Anthony Paonessa and Rose Villani, had emigrated to the United States from Italy. DeBartolo never knew his biological father, who died suddenly before his birth. After Anthony Paonessa's death, Rose Villani Paonessa married Michael DeBartolo, and Edward took his stepfather's family name. Michael DeBartolo emigrated from Terlizzi, Apulia, Italy, with his family at age 17 and became a paving contractor and builder of warehouses and oth ...
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Youngstown, Ohio
Youngstown is a city in the U.S. state of Ohio, and the largest city and county seat of Mahoning County, Ohio, Mahoning County. At the 2020 United States census, 2020 census, Youngstown had a city population of 60,068. It is a principal city of the Mahoning Valley, Youngstown–Warren metropolitan area, which had a population of 541,243 in 2020, making it the List of metropolitan statistical areas, 107th-largest metropolitan area in the United States and Ohio statistical areas, seventh-largest metro area in Ohio. Youngstown is situated on the Mahoning River, southeast of Cleveland and northwest of Pittsburgh. In addition to having its own media market, Youngstown is also part of the larger Northeast Ohio region. Youngstown is midway between Chicago and New York City via Interstate 80. The city was named for John Young (pioneer), John Young, an early settler from Whitestown, New York, who established the community's first sawmill and gristmill. Youngstown is a midwestern city, ...
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Sears, Roebuck And Co
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in Hof ...
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Melvin Simon
Melvin Simon (October 21, 1926 – September 16, 2009)
September 18, 2009
was an American businessman and film producer, who co-founded the largest shopping mall company in the United States, the , with his younger brother, Herb Simon. The pair jointly purchased the in 1983.


Early life and education

Simon was born to a Jewish family in

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Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties comprising approximately of gross leasable area in North America and Asia. History Simon Property Group dates to 1960, when brothers Melvin Simon and Herbert Simon began developing strip malls in Indianapolis, Indiana. In December 1993, they took their interests public as Simon Property Group in the largest initial public offering of a real estate investment trust to date. Simon Property merged with the newly public DeBartolo Realty Corporation, owner of the real estate assets of Edward J. DeBartolo Sr., in 1996 to form Simon DeBartolo Group. In 1997, the company acquired The Retail Property Trust for $1.2 billion in a hostile takeover. Also in 1997, in partnership with Ma ...
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Cleveland, Ohio
Cleveland ( ), officially the City of Cleveland, is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located in the northeastern part of the state, it is situated along the southern shore of Lake Erie, across the U.S. maritime border with Canada, northeast of Cincinnati, northeast of Columbus, and approximately west of Pennsylvania. The largest city on Lake Erie and one of the major cities of the Great Lakes region, Cleveland ranks as the 54th-largest city in the U.S. with a 2020 population of 372,624. The city anchors both the Greater Cleveland metropolitan statistical area (MSA) and the larger Cleveland–Akron–Canton combined statistical area (CSA). The CSA is the most populous in Ohio and the 17th largest in the country, with a population of 3.63 million in 2020, while the MSA ranks as 34th largest at 2.09 million. Cleveland was founded in 1796 near the mouth of the Cuyahoga River by General Moses Cleaveland, after whom the city was named ...
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Higbee's
Higbee's was a department store founded in 1860 in Cleveland, Ohio. In 1987, Higbee's was sold to the joint partnership of Dillard's department stores and Youngstown-based developer, Edward J. DeBartolo. The stores continued to operate under the Higbee name until 1992, when DeBartolo sold his shares to his partners and the chain was re-branded as Dillard's. History Higbee's was founded by Edwin Converse Higbee and John G. Hower on September 10, 1860, as Higbee & Hower Dry Goods. The first day of business saw $100 in sales. It was reorganized as The Higbee Co. in 1902 after the death of Mr. Hower and relocated from its original Public Square location to a new five-story Playhouse Square Center store, directly across from its sworn arch-rival Halle Brothers Co. In 1929 it was acquired by the Van Sweringen brothers, who moved the store to their new $179 million Terminal Tower complex on Public Square, partly in response to pleas from women who wished to occupy homes in their new ...
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Dillard's
Dillard's, Inc. is an upscale American department store chain with approximately 282 stores in 29 states and headquartered in Little Rock, Arkansas. Currently, the largest number of stores are located in Texas with 57 and Florida with 42. The company also has stores in 27 more states; however, it is absent from the Northeast (Washington, D.C., and northward), most of the Upper Midwest (Michigan, Wisconsin, Minnesota), the Northwest, and most of California, aside from three stores in smaller cities. Operations during 20th century Early history Dillard's is the outgrowth of a department store founded in 1938 by William T. Dillard; its corporate headquarters remain located at the eastern edge of Little Rock's Riverdale area and many of its executives and directors are members of the Dillard family. The family retains control of the company through its ownership of Class B Common Stock; the Class A common stock is publicly traded on the New York Stock Exchange. Dillard began his ...
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Cash Flow
A cash flow is a real or virtual movement of money: *a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are expected to happen in the future, are thus uncertain and therefore need to be forecast with cash flows; *a cash flow is determined by its time ''t'', nominal amount ''N'', currency ''CCY'' and account ''A''; symbolically ''CF'' = ''CF''(''t,N,CCY,A''). * it is however popular to use ''cash flow'' in a less specified sense describing (symbolic) payments into or out of a business, project, or financial product. Cash flows are narrowly interconnected with the concepts of value, ''interest rate'' and liquidity. A cash flow that shall happen on a future day ''t''N can be transformed into a cash flow of the same value in ''t''0. Cash flow analysis Cash flows are often transformed into measures that give information e.g. on a company's value and situat ...
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Federated Department Stores
Macy's, Inc. (originally Federated Department Stores, Inc.) is an American conglomerate holding company. Upon its establishment, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the following year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over the department store chain Macy's. With the acquisition of The May Department Stores Company in 2005, the regional nameplates were retired and replaced by the Macy's and Bloomingdale's brands nationwide by 2006. Ultimately, Federated itself was renamed Macy's, Inc. in 2007. Macy's, Inc., has been headquartered within Macy's Herald Square in New York City since 2020; beforehand, its headquarters was in Cincinnati, Ohio. While Federated had a long history of preserving brand identities in each of their markets since its incep ...
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Ann Inc
Ann Inc. is an American group of specialty apparel retail chain stores for women. The company headquartered in New York City and currently operates as a subsidiary of Ascena Retail Group. The stores offer classic-styled suits, separates, dresses, shoes and accessories. The brand is marketed under five divisions: Ann Taylor, Loft, Lou & Grey, Ann Taylor Factory, and Loft Outlet. History Richard Liebeskind, the founder of Ann Taylor, opened his first Ann Taylor store in New Haven, Connecticut, in 1954. "Ann Taylor" was the name of a best-selling dress at Liebeskind's father's store. Both the best-selling dress and the name ''Ann Taylor'' were given by the father to his son, Richard Liebeskind, for good luck. Liebeskind decided to go with the name Ann Taylor because ''Ann'' was considered a very New England name, and ''Taylor'' evoked the image of tailored clothing. The name supposedly created the ideal identity of classic women's apparel. In May 1991, the company completed an in ...
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Bonwit Teller
Bonwit Teller & Co. was an American luxury department store in New York City, New York, founded by Paul Bonwit in 1895 at Sixth Avenue and 18th Street, and later a chain of department stores. In 1897, Edmund D. Teller was admitted to the partnership and the store moved to 23rd Street, east of Sixth Avenue. Bonwit specialized in high-end women's apparel at a time when many of its competitors were diversifying their product lines, and Bonwit Teller became noted within the trade for the quality of its merchandise as well as the above-average salaries paid to both buyers and executives. The partnership was incorporated in 1907 and the store moved to the corner of Fifth Avenue and 38th Street. Throughout much of the 20th century, Bonwit was one of a group of upscale department stores on Fifth Avenue that catered to the "carriage trade". Among its most notable peers were Lord & Taylor, and Saks Fifth Avenue. Distinctive features The Bonwit Teller's flagship uptown buildin ...
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Maas Brothers
Maas Brothers was a leading Tampa, Florida department store founded by Abe and Isaac Maas in 1886 that grew from a small store to a chain of 39 stores throughout the Gulf Coast of Florida. The Maas Brothers brand went defunct in 1991 when it was consolidated into the Burdines department store chain, which in turn merged with Macy's in 2005. History Abe and Isaac Maas started their retail career in Cochran, Georgia, working with their brothers, Jacob and Sol. By 1880, Abe was operating a store in Dublin, Georgia, and Isaac was operating a millinery store in Ocala by 1885. In 1886, Abe decided to move to a better location and chose Tampa, at the time a small village on Florida's west coast. Abe had been quoted as saying, "It's a waterfront town. Who knows? It may amount to something someday." Abe Maas opened the Dry Goods Palace on December 10, 1886. His brother, Isaac, formally joined his brother on September 15, 1887, and the store became Maas Brothers. After outgrowing its f ...
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