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Filene's Basement
Filene's Basement, also called The Basement, was a Massachusetts-based chain of department stores which was owned by Retail Ventures, Inc. until April 2009 when it was sold to Syms. The oldest off-price retailer in the United States, Filene's Basement focused on high-end goods and was known for its distinctive, low-technology automatic markdown system. As of late 2006, the company operated stores in metropolitan areas in eight U.S. states and Washington, D.C. and used a distribution center in Auburn, Massachusetts. The store's name was derived from the subterranean location of its flagship store, in the basement of the former Filene's department store at Downtown Crossing in Boston, Massachusetts. The flagship Downtown Crossing store closed in September 2007 while the building above it underwent construction and had been set to reopen following the conclusion of the construction. The 2009 economic crisis negatively impacted the chain, prompting the closing of many stores and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Boston Globe
''The Boston Globe'' is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes, and has a total circulation of close to 300,000 print and digital subscribers. ''The Boston Globe'' is the oldest and largest daily newspaper in Boston. Founded in 1872, the paper was mainly controlled by Irish Catholic interests before being sold to Charles H. Taylor and his family. After being privately held until 1973, it was sold to ''The New York Times'' in 1993 for $1.1billion, making it one of the most expensive print purchases in U.S. history. The newspaper was purchased in 2013 by Boston Red Sox and Liverpool owner John W. Henry for $70million from The New York Times Company, having lost over 90% of its value in 20 years. The newspaper has been noted as "one of the nation's most prestigious papers." In 1967, ''The Boston Globe'' became the first major paper in the U.S. to come out against the Vietnam War. The paper's 2002 c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copley Square
Copley Square , named for painter John Singleton Copley, is a public square in Boston's Back Bay neighborhood, bounded by Boylston Street, Clarendon Street, St. James Avenue, and Dartmouth Street. Prior to 1883 it was known as Art Square due to its many cultural institutions, some of which remain today. It was proposed as a Boston Landmark. Architecture Within the square are several architectural landmarks: * Old South Church (1873), by Charles Amos Cummings and Willard T. Sears in the Venetian Gothic Revival style * Trinity Church (1877, Romanesque Revival), considered H. H. Richardson's ''tour de force'' * Boston Public Library (1895), by Charles Follen McKim in a Renaissance Revival architecture, revival of Italian Renaissance style, incorporates artworks by John Singer Sargent, Edwin Austin Abbey, Daniel Chester French, and others * The The Fairmont Copley Plaza Hotel, Fairmont Copley Plaza Hotel (1912) by Henry Janeway Hardenbergh in the Beaux-Arts architecture, Beaux-Arts s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boylston Street
Boylston Street is a major east–west thoroughfare in the city of Boston, Massachusetts. The street begins in Boston's Chinatown neighborhood, forms the southern border of the Boston Public Garden and Boston Common, runs through Back Bay, and ends in Boston's Fenway neighborhood. Name As early as 1722, Boylston Street, then a short road on the outskirts of the town of Boston, was known as Frogg Lane or Frog Lane. It was later renamed for Ward Nicholas Boylston (1747–1828),Bentinck-Smith, William"Nicholas Boylston and His Harvard Chair" ''Proceedings of the Massachusetts Historical Society'', Third Series, Vol. 93, (1981), pp. 17-39 a philanthropist and benefactor of Harvard University. Boylston, who was a descendant of Zabdiel Boylston, was born in Boston and spent much of his life in it. Boylston Market, and the town of Boylston, Massachusetts, were also named after him. Route From east to west, Boston's Boylston Street begins at the intersection of Essex Street and Wash ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tom Menino
Tom or TOM may refer to: * Tom (given name), a diminutive of Thomas or Tomás or an independent Aramaic given name (and a list of people with the name) Characters * Tom Anderson, a character in ''Beavis and Butt-Head'' * Tom Beck, a character in the 1998 American science-fiction disaster movie '' Deep Impact'' * Tom Buchanan, the main antagonist from the 1925 novel ''The Great Gatsby'' * Tom Cat, a character from the ''Tom and Jerry'' cartoons * Tom Lucitor, a character from the American animated series ''Star vs. the Forces of Evil'' * Tom Natsworthy, from the science fantasy novel ''Mortal Engines'' * Tom Nook, a character in ''Animal Crossing'' video game series * Tom Servo, a robot character from the ''Mystery Science Theater 3000'' television series * Tom Sloane, a non-adult character from the animated sitcom ''Daria'' * Talking Tom, the protagonist from the ''Talking Tom & Friends'' franchise * Tom, a character from the '' Deltora Quest'' books by Emily Rodda * Tom, a cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macy's
Macy's (originally R. H. Macy & Co.) is an American chain of high-end department stores founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. Macy's as of October 29, 2022, has 510 stores (569 boxes), inclusive of 445 department stores (499 boxes; includes 51 stores or 55 boxes that are neighborhood stores), 46 furniture galleries (51 boxes), 1 furniture clearance center, 9 freestanding Backstage stores, 7 Market by Macy's and 2 stores converted to fulfillment centers (there are a total of 506 full line stores and a total of 551 stores) with the Macy's nameplate in operation throughout the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan. The com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value City
Value City was an American discount department store chain with 113 locations. It was founded in 1917 by Ephraim Schottenstein, a travelling salesman in central Ohio. The store was an off-price retailer that sold clothing, jewelry, and home goods below the manufacturer suggested retail price. The chain focused on buyout and closeout merchandise, and occasionally irregular apparel and factory seconds. The stores were branded Schottenstein's in the Columbus, Ohio, market. The Schottenstein name was dropped in 2008. Also, three stores in Metro Detroit were co-branded as Crowley's Value City. From 1984 to 1995, Schottenstein also owned Shifrin-Willens, a jewelry store. The first store was located in Columbus, Ohio, at 1887 Parsons Avenue on the corner of Parsons Avenue and Reeb Avenue, and has been closed since 2006. It was formerly affiliated with Value City Furniture, which has 130 stores and was founded in 1948. (VCF is corporate sponsor of Value City Arena, home of the Ohio Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
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 the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wellesley, Massachusetts
Wellesley () is a New England town, town in Norfolk County, Massachusetts, Norfolk County, Massachusetts, United States. Wellesley is part of Greater Boston. The population was 29,550 at the time of the 2020 census. Wellesley College, Babson College, and a campus of Massachusetts Bay Community College are located in the town. History Wellesley was settled in the 1630s as part of Dedham, Massachusetts. It was subsequently a part of Needham, Massachusetts called West Needham, Massachusetts. On October 23, 1880, West Needham residents voted to secede from Needham, and the town of Wellesley was later christened by the Massachusetts legislature on April 6, 1881. The town was named after the estate of local benefactor Horatio Hollis Hunnewell. Wellesley's population grew by over 80 percent during the 1920s. Historic district The town designated Cottage Street and its nearby alleys as the historic district in its zoning plan. Most houses in this district were built around the 1860s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity. The term LBO is usually employed when a financial sponsor acquires a company. However, many corporate transactions are partially funded by bank debt, thus effectively also representing an LBO. LBOs can have many different forms such as management buyout (MBO), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
