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Gimbel's
Gimbel Brothers (known simply as Gimbels) was an American department store corporation that operated for over a century, from 1842 until 1987. Gimbel patriarch Adam Gimbel opened his first store in Vincennes, Indiana, in 1842. In 1887, the company moved its operations to the Gimbel Brothers Department Store in Milwaukee, Wisconsin. It became a chain when it opened a second, larger store in Philadelphia, Pennsylvania, in 1894, moving its headquarters there. At the urging of future company president Bernard Gimbel, grandson of the founder, the company expanded to New York City in 1910. The company is known for creating the oldest Thanksgiving parade, the Gimbels Thanksgiving Day Parade, originating in 1920 in Philadelphia. Gimbels was also considered the chief rival of Macy's with their feud popularized in American culture. As of 1930, Gimbels had grown to 20 stores, whose sales revenue made it the largest department store chain in the world. The company expanded to a peak of 53 s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saks Fifth Avenue
Saks Fifth Avenue (originally Saks & Company; Colloquialism, colloquially Saks) is an American Luxury goods, luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store opened in the F Street and 7th Street shopping districts, F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and Saks Fifth Avenue flagship store, flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. (renamed Saks, Inc.) in 1998, and Saks, Inc. was acquired by the Canadian-founded Hudson's Bay Company (HBC) in 2013. Subsidiary Saks Off 5th, originally a clearance store for Saks Fifth Avenue, is now a large off-price retailer in its own right managed independently from Saks Fifth Avenue under HBC. History Early history Andrew Saks was born to a German Jewish family, in Baltimore. He worked as a peddler and paper boy before moving to Washington, D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saks-34th Street
Saks Fifth Avenue (originally Saks & Company; colloquially Saks) is an American luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store opened in the F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. (renamed Saks, Inc.) in 1998, and Saks, Inc. was acquired by the Canadian-founded Hudson's Bay Company (HBC) in 2013. Subsidiary Saks Off 5th, originally a clearance store for Saks Fifth Avenue, is now a large off-price retailer in its own right managed independently from Saks Fifth Avenue under HBC. History Early history Andrew Saks was born to a German Jewish family, in Baltimore. He worked as a peddler and paper boy before moving to Washington, D.C. where at the age of only 20, and in the still-chaotic and tough economic times of 1867, only two years ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernard Gimbel
Bernard Feustman Gimbel (April 10, 1885 – September 29, 1966) was an American businessman and president of the Gimbels department store. Biography Gimbel was born to Jewish parents, Rachel (née Feustman) and Isaac Gimbel, son of Adam Gimbel, founder of the Gimbels chain of department stores. In 1907, he graduated from the University of Pennsylvania. He started as a shipping clerk for his family's company and worked his way up to vice president in 1909. In 1910, Gimbel convinced his family to open a department store in New York City at the cost of $17 million ($425 million in 2013 dollars). In 1922, he convinced his family to list Gimbels on the New York Stock Exchange although with the family maintaining a controlling interest. In 1923, Gimbels purchased a controlling interest in Saks Fifth Avenue for $8 million from Horace Saks, son of Andrew Saks, using the money from the Gimbel's stock issuance.Harris, p. 79 Also in 1923, Gimbels purchased the Kaufmann & Baer store in Pit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macy's Herald Square
Macy's Herald Square (originally named the R. H. Macy and Company Store) is the Flagship#Retailing, flagship of Macy's department store, as well as the Macy's, Inc. corporate headquarters, on Herald Square in Manhattan, New York City. The building's , which includes of retail space, makes it the largest department store in the United States and among the largest in the world. The Macy's building was completed in 1902 after the store had occupied several previous locations in New York City. The building was added to the National Register of Historic Places and was made a National Historic Landmark in 1978. and History Previous flagship locations Macy's was founded by Rowland Hussey Macy, who between 1843 and 1855 opened four retail dry goods stores, including the original Macy's store in downtown Haverhill, Massachusetts, established in 1851 to serve the mill industry employees of the area. They all failed, but he learned from his mistakes. He moved to New York City in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WPGP (AM)
WPGP (1250 AM) is a radio station in Pittsburgh, Pennsylvania, United States, broadcasting with a power output of 5,000 watts. The station is owned and operated by the Salem Media Group. History The station is one of the five original Pittsburgh stations, signing on May 4, 1922, as WCAE. It was originally owned by the Pittsburgh department store Kaufmann & Baer's, and operated at 833 kHz (as all stations did at that time); it moved to 750 kHz in December and to 650 in May 1923. Kaufmann and Baer's was purchased in 1925 by Gimbels; this made WCAE the company's third radio station, after WIP in Philadelphia and WGBS in New York City. The station became an affiliate of the NBC Red Network in January 1927. It moved to 560 kHz on June 15, 1927, but in November returned to 650; a year later, WCAE moved to 1220 kHz WCAE was acquired by Hearst Corporation in 1931. The North American Regional Broadcasting Agreement moved the station to 1250 kHz on March ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Press International
United Press International (UPI) is an American international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines, radio and television stations for most of the 20th century. At its peak, it had more than 6,000 media subscribers. Since the first of several sales and staff cutbacks in 1982, and the 1999 sale of its broadcast client list to its main U.S. rival, the Associated Press, UPI has concentrated on smaller information-market niches. History Formally named United Press Associations for incorporation and legal purposes, but publicly known and identified as United Press or UP, the news agency was created by the 1907 uniting of three smaller news syndicates by the Midwest newspaper publisher E. W. Scripps. It was headed by Hugh Baillie (1890–1966) from 1935 to 1955. At the time of his retirement, UP had 2,900 clients in the United States, and 1,500 abroad. In 1958, it became United Press Intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Vindicator
''The Vindicator'' is a daily newspaper serving Youngstown, Ohio, United States and the Mahoning County region as well as southern Trumbull County and northern Columbiana County. ''The Vindicator'' was established in 1869. As of September 1, 2019, ''The Vindicator'' is owned by Ogden Newspapers Inc. of Wheeling, West Virginia. The ''Tribune Chronicle'' and ''The Vindicator'' are published by Charles Jarvis, with Brenda Linert as editor. The new owners of ''The Vindicator'' announced a welcome to the new version of the Vindicator. History (1869-1984) The paper began in 1869 when it launched as ''The Mahoning Vindicator''. The paper became the Youngstown Vindicator shortly after. During the 1920s, Ku Klux Klan members began protesting outside of then owner William F. Maag, Jr.'s house in response to the paper's reporting of local KKK activities. Its reporting on the KKK, the mafia, political corruption, and big business matters garnered the paper a reputation of fearlessness. Almos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pittsburgh, Pennsylvania
Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania behind Philadelphia, and the List of United States cities by population, 68th-largest city in the U.S. with a population of 302,971 as of the 2020 United States census, 2020 census. The city anchors the Pittsburgh metropolitan area of Western Pennsylvania; its population of 2.37 million is the largest in both the Ohio Valley and Appalachia, the Pennsylvania metropolitan areas, second-largest in Pennsylvania, and the List of metropolitan statistical areas, 27th-largest in the U.S. It is the principal city of the greater Pittsburgh–New Castle–Weirton combined statistical area that extends into Ohio and West Virginia. Pitts ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WTEL (AM)
WTEL (610 kHz) — branded "Philadelphia's BIN 610" — is a commercial all-news AM radio station licensed to serve Philadelphia, Pennsylvania. While owned by the Beasley Broadcast Group, the station is currently operated by iHeartMedia, Inc. as part of their Philadelphia cluster under a long-term local marketing agreement. The station services the Greater Philadelphia and Delaware Valley area as the market affiliate of the Black Information Network. The WTEL studios are located in the nearby suburb of Bala Cynwyd, while the transmitter site is in Bellmawr, New Jersey. In addition to a standard analog transmission, WTEL programming is simulcast over the second HD Radio digital subchannel of WDAS-FM, and is available online via iHeartRadio. WTEL is a primary entry point for the Emergency Alert System in eastern Pennsylvania and Delaware. History WIP On December 1, 1921, the U.S. Department of Commerce, in charge of radio at the time, adopted a regulation formally establishi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WINS (AM)
WINS (1010 Hertz, kHz) is a commercial AM radio, AM radio station licensed to New York City, New York, New York, owned by Audacy, Inc. It features an All-news radio, all-news format known as 1010 WINS, with the call sign Phonetics, phonetically pronounced as "wins". WINS's studios are located in the combined Audacy facility in the Hudson Square neighborhood in lower Manhattan, and its transmitter is located in Lyndhurst, New Jersey. WINS is the oldest continuously operating all-news station in the United States, having adopted the format on April 19, 1965, under former owner Westinghouse Broadcasting, and is one of two all-news stations in the New York City market owned by Audacy, with WCBS (AM), WCBS (880 AM) being the other. The station's nighttime signal, via ionosphere skywave propagation, reaches much of the eastern half of North America. WINS formerly broadcast in the HD Radio (hybrid) format. As of October 27, 2022, WINS is simulcasting on WINS-FM (92.3 FM). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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