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Future Shop
Future Shop was a Canadian electronics store chain. It was established in 1982 by Hassan Khosrowshahi. By 1990, the chain had become the country's largest retailer of computer and consumer electronics. In January 2013, the company operated 139 locations across Canada. In November 2001, Future Shop was acquired by the similar American chain Best Buy for C$580 million. Although Best Buy began to establish Canadian locations under its own name following the purchase, it continued to operate the Future Shop stores as a separate chain. Even though many of the new Best Buy locations were in close proximity to existing Future Shop stores, the two chains were differentiated primarily by their in-store experiences. On March 28, 2015, Best Buy announced the dissolution of the Future Shop brand and the closure of 66 of its locations. All remaining locations were converted to Best Buy stores. History Beginnings Future Shop was founded in 1982 by Iranian entrepreneur Hassan Khosrowshahi, ...
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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 ...
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Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. Toronto is an international centre of business, finance, arts, sports and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. Indigenous peoples have travelled through and inhabited the Toronto area, located on a broad sloping plateau interspersed with rivers, deep ravines, and urban forest, for more than 10,000 years. After the broadly disputed Toronto Purchase, when the Mississauga surrendered the area to the British Crown, the British established the town of York in 1793 and later designat ...
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Amazon
Amazon most often refers to: * Amazons, a tribe of female warriors in Greek mythology * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon River, in South America * Amazon (company), an American multinational technology company Amazon or Amazone may also refer to: Places South America * Amazon Basin (sedimentary basin), a sedimentary basin at the middle and lower course of the river * Amazon basin, the part of South America drained by the river and its tributaries * Amazon Reef, at the mouth of the Amazon basin Elsewhere * 1042 Amazone, an asteroid * Amazon Creek, a stream in Oregon, US People * Amazon Eve (born 1979), American model, fitness trainer, and actress * Lesa Lewis (born 1967), American professional bodybuilder nicknamed "Amazon" Art and entertainment Fictional characters * Amazon (Amalgam Comics) * Amazon, an alias of the Marvel supervillain Man-Killer * Amazons (DC Comics), a group of superhuman characters * The Amazon, a ' ...
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Greenfield Park, Quebec
Greenfield Park is a former city in southwestern Quebec, Canada. It is currently a borough of the city of Longueuil. It covers an area of , with a population of 16,733 at the 2016 census of Canada. Greenfield Park is the only borough of Longueuil that has an officially bilingual status. It is primarily a post-WWI suburban area. Like the other two boroughs, most of the buildings in Greenfield Park are single-family homes. Nearly all of the land in Greenfield Park is built on, making it Longueuil's most densely populated borough. Greenfield Park is divided into two sections. The older section of the borough is to the west of Taschereau Boulevard near Saint-Lambert, LeMoyne and Brossard, while the newer section is to the east, near the Laflèche neighbourhood. Most of the Greenfield Park's businesses are located along Taschereau Boulevard, the south shore's most important commercial artery. The Charles LeMoyne Hospital, located on the Taschereau Boulevard, is the largest on th ...
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Liquidation
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The ter ...
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South Edmonton Common
South Edmonton Common is one of Canada's largest retail power centres, and when it will be completely developed, it will spread over and contain some of retail space, making it one of the largest open-air retail development in North America. The Common is located in south Edmonton, Alberta, extending from 23rd Avenue south to Anthony Henday Drive, and east from Gateway Boulevard to Parsons Road. The Common has a large base of retail tenants that provide various goods and services. The first tenant in the Commons was The Home Depot, which opened in April 1998. Anchor tenants at South Edmonton Common include Canadian Tire (the chain's largest location), IKEA, Cineplex Cinemas, Lowe's, Real Canadian Superstore, and Walmart. Other stores include Staples, Best Buy, Marshalls, Lindt, Mountain Equipment Co-op, Saks Fifth Avenue Off 5th, Nordstrom Rack, and Canada's first buybuy BABY. Store openings and closures Compusmart Hartco Income Fund, the company that owns Compusmart, beg ...
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Vancouver
Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver, Greater Vancouver area had a population of 2.6million in 2021, making it the List of census metropolitan areas and agglomerations in Canada#List, third-largest metropolitan area in Canada. Greater Vancouver, along with the Fraser Valley Regional District, Fraser Valley, comprises the Lower Mainland with a regional population of over 3 million. Vancouver has the highest population density in Canada, with over 5,700 people per square kilometre, and fourth highest in North America (after New York City, San Francisco, and Mexico City). Vancouver is one of the most Ethnic origins of people in Canada, ethnically and Languages of Canada, linguistically diverse cities in Canada: 49.3 percent of ...
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Dundas Square
Dundas may refer to: Places Australia * Dundas, New South Wales * Dundas, Queensland, a locality in the Somerset Region * Dundas, Tasmania * Dundas, Western Australia * Fort Dundas, a settlement in the Northern Territory 1824–1828 * Shire of Dundas, Western Australia Canada * Dundas Island (British Columbia), the largest of the Dundas Islands * Dundas Island (Nunavut) * Dundas Parish, New Brunswick Ontario * Dundas, Ontario ** Dundas station (Dundas, Ontario), a former railway station in Dundas * Dundas County, Ontario ;Toronto * Yonge–Dundas Square, a public square in downtown Toronto * Dundas Street, Toronto **Dundas station (Toronto), a subway station on Dundas Street Greenland *Dundas, Greenland, a former settlement known as the trading place established by Knud Rasmussen and Peter Freuchen in 1910 in the North Star Bay across Pituffik (Thule Air Base) Hong Kong * Dundas Street, Hong Kong New Zealand * Dundas Island, New Zealand United Kingdom * Dunda ...
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Toronto Eaton Centre
The Toronto Eaton Centre (corporately styled as the CF Toronto Eaton Centre since September 2015, and commonly referred to simply as the Eaton Centre) is a shopping mall and office complex in the downtown core of Toronto, Ontario, Canada. It is owned and managed by Cadillac Fairview (CF). It was named after the Eaton's department store chain that once anchored it before the chain became defunct in the late 1990s. The Toronto Eaton Centre attracts more visitors than any of Toronto's tourist attractions because it sits on top of two subway stations in downtown Toronto and is close to Union station. It is North America's busiest shopping mall when one counts the daily commuters along with tourist traffic. The mall has over 230 stores and restaurants in 2014. Location and access The main portion of the Toronto Eaton Centre complex is bounded by Yonge Street on the east, Queen Street West on the south, Dundas Street West on the north, and to the west by James Street and Trinity Sq ...
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Haggling
In the social sciences, bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service debate the price or nature of a transaction. If the bargaining produces agreement on terms, the transaction takes place. Although the most apparent aspect of bargaining in markets is as an alternative pricing strategy to fixed prices, it can also include making arrangements for credit or bulk purchasing, as well as serving as an important method of clienteling. Bargaining has largely disappeared in parts of the world where retail stores with fixed prices are the most common place to purchase goods. However, for expensive goods such as homes, antiques and collectibles, jewellery and automobiles, bargaining can remain commonplace. Dickering and "haggling" refer to the same process. Where it takes place Haggling is associated commonly with bazaars and other markets where centralized regulation is difficult or impossible. Both religious beliefs an ...
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Commission (remuneration)
Commissions are a form of variable-pay remuneration for services rendered or products sold. Commissions are a common way to motivate and reward salespeople. Commissions can also be designed to encourage specific sales behaviors. For example, commissions may be reduced when granting large discounts. Or commissions may be increased when selling certain products the organization wants to promote. Commissions are usually implemented within the framework on a sales incentive program, which can include one or multiple commission plans (each typically based on a combination of territory, position, or products). Payments are often calculated using a percentage of revenue, a way for firms to solve the principal–agent problem by attempting to realign employees' interests with those of the firm. However, models other than percentages are possible, such as profit-based approaches, or bonus-based approaches. Commissions allow sales personnel to be paid (in part or entirely) based on products o ...
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