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Harold's Tower
Harold's Stores, Inc. was a Norman, Oklahoma- and later Dallas-based chain of traditional, high-end classic styled ladies and men's specialty apparel stores. The chain operated 43 stores in 19 southern, western, and mid-western states in the United States. Prior to its bankruptcy filing, the company employed 624 people. The company was granted bankruptcy liquidation on November 10, 2008. History Harold's was founded in 1948 in Norman, Oklahoma by Harold G. Powell. The buying offices were later moved to Dallas, Texas while distribution and operations were based out of Norman, Oklahoma. The chain operated high-end men's and women's clothing stores, usually located in upper-class areas and shopping centers in the southern, western, and mid-western parts of the United States, and targeted sales to customers between the ages of 30 and 50. Originally selling only menswear, Harold's added women's apparel in 1958. The chain issued its own credit card in 1977, became a public company i ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Williams-Sonoma, Inc
Williams-Sonoma, Inc. is an American publicly traded consumer retail company that sells kitchenware and home furnishings. It is headquartered in San Francisco, California, United States. The company has 625 brick and mortar stores and distributes to more than 60 countries, with brands including Williams Sonoma, Williams Sonoma Home, Pottery Barn, Pottery Barn Kids, PBteen, West Elm, Mark and Graham, and Rejuvenation. Williams-Sonoma, Inc. also operates through eight corresponding websites and a gift registry. The company is one of the largest e-commerce retailers in the U.S., and one of the biggest multi-channel specialty retailers in the world. In 2019, Williams-Sonoma, Inc. was named as a Fortune 500 company for the first time in its history. History Williams-Sonoma, Inc. had its initial public offering in July 1983. One million shares were offered on the OTC Market at $23 a share. At the end of 1985, the company was generating over $51 million in sales. In September 1986, W ...
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University Of Oklahoma
The University of Oklahoma (OU) is a Public university, public research university in Norman, Oklahoma. Founded in 1890, it had existed in Oklahoma Territory near Indian Territory for 17 years before the two Territories became the state of Oklahoma. In Fall 2022, the university had 29,705 students enrolled, most at its main campus in Norman. Employing nearly 3,000 faculty members, the school offers 152 Bachelor's degree, baccalaureate programs, 160 Master's degree, master's programs, 75 doctorate programs, and 20 majors at the first professional level. The university is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". According to the National Science Foundation, OU spent $283 million on research and development in 2018, ranking it 82nd in the nation. Its Norman campus has two prominent museums, the Fred Jones Jr. Museum of Art, specializing in French Impressionism and Native Americans in the ...
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Campus Corner
A campus is traditionally the land on which a college or university and related institutional buildings are situated. Usually a college campus includes libraries, lecture halls, residence halls, student centers or dining halls, and park-like settings. A modern campus is a collection of buildings and grounds that belong to a given institution, either academic or non-academic. Examples include the Googleplex and the Apple Campus. Etymology The word derives from a Latin word for "field" and was first used to describe the large field adjacent Nassau Hall of the College of New Jersey (now Princeton University) in 1774. The field separated Princeton from the small nearby town. Some other American colleges later adopted the word to describe individual fields at their own institutions, but "campus" did not yet describe the whole university property. A school might have one space called a campus, another called a field, and still another called a yard. History The tradition of a campu ...
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Carousel
A carousel or carrousel (mainly North American English), merry-go-round (List of sovereign states, international), roundabout (British English), or hurdy-gurdy (an old term in Australian English, in South Australia, SA) is a type of amusement ride consisting of a rotation, rotating circular platform with seats for riders. The "seats" are traditionally in the form of rows of wooden horses or other animals mounted on posts, many of which are moved up and down by gears to simulate Horse gallop, galloping, to the accompaniment of Music loop, looped circus music. Carousels are commonly populated with horses, each horse weighing roughly 100 lbs (45 kg), but may include a variety of mounts, for example pigs, zebras, tigers, or mythological creatures such as dragons or unicorns. Sometimes, chair-like or bench-like seats are used, and occasionally mounts can be shaped like aeroplanes or cars. The names ''carousel'' and ''merry-go-round'' are also used, in varying dialects, to ...
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Knoxville News Sentinel
The ''Knoxville News Sentinel, also known as Knox News,'' is a daily newspaper in Knoxville, Tennessee, United States, owned by the Gannett Company. History The newspaper was formed in 1926 from the merger of two competing newspapers: ''The Knoxville News'' and ''The Knoxville Sentinel''. John Trevis Hearn began publishing ''The Sentinel'' in December 1886, while ''The News'' was started in 1921 by Robert P. Scripps and Roy W. Howard. The two merged in 1926, with the first edition of ''The Knoxville News-Sentinel'' appearing on November 22 of that year. The editor from 1921 to 1931, Edward J. Meeman, later was sent to Memphis to edit the since defunct ''Memphis Press-Scimitar''. In 1986, the ''News-Sentinel'' became a morning paper, with the other paper in Knoxville, the ''Knoxville Journal'', becoming an evening paper. The ''Journal'' ceased publication as a daily in 1991, when the joint operating agreement between the two papers expired. In 2002, the paper dropped the hyph ...
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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 ...
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Bill Haslam
William Edward Haslam (; born August 23, 1958) is an American billionaire businessman and politician who served as the 49th governor of Tennessee from 2011 to 2019. A member of the Republican Party, Haslam previously served as the 67th mayor of Knoxville, Tennessee. He was born in Knoxville and graduated from Emory University in Atlanta, Georgia. He began his career in business, joining his father, Jim Haslam, who was the founder of Pilot Corporation. Haslam rose to president of Pilot Corp in the 1990s, after his brother Jimmy Haslam became the company's CEO. Haslam then left Pilot and from 1999 to 2001 was the CEO of the e-commerce and cataloging division at the department store chain Saks Fifth Avenue. He then became a consultant at Saks and later served on the board of directors at Harold's Stores, Inc. He is a co-owner of the minor league baseball team the Tennessee Smokies. He was elected Mayor of Knoxville, Tennessee in the 2003 Knoxville mayoral election with 52% of th ...
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Knoxville, Tennessee
Knoxville is a city in and the county seat of Knox County, Tennessee, Knox County in the U.S. state of Tennessee. As of the 2020 United States census, Knoxville's population was 190,740, making it the largest city in the East Tennessee Grand Divisions of Tennessee, Grand Division and the state's third largest city after Nashville, Tennessee, Nashville and Memphis, Tennessee, Memphis.U.S. Census Bureau2010 Census Interactive Population Search. Retrieved: December 20, 2011. Knoxville is the principal city of the Knoxville Metropolitan Area, Knoxville Metropolitan Statistical Area, which had an estimated population of 869,046 in 2019. First settled in 1786, Knoxville was the first capital of Tennessee. The city struggled with geographic isolation throughout the early 19th century. The History of rail transportation in the United States#Early period (1826–1860), arrival of the railroad in 1855 led to an economic boom. The city was bitterly Tennessee in the American Civil War#Tenne ...
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Campus Corner
A campus is traditionally the land on which a college or university and related institutional buildings are situated. Usually a college campus includes libraries, lecture halls, residence halls, student centers or dining halls, and park-like settings. A modern campus is a collection of buildings and grounds that belong to a given institution, either academic or non-academic. Examples include the Googleplex and the Apple Campus. Etymology The word derives from a Latin word for "field" and was first used to describe the large field adjacent Nassau Hall of the College of New Jersey (now Princeton University) in 1774. The field separated Princeton from the small nearby town. Some other American colleges later adopted the word to describe individual fields at their own institutions, but "campus" did not yet describe the whole university property. A school might have one space called a campus, another called a field, and still another called a yard. History The tradition of a campu ...
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Chapter 7, Title 11, United States Code
Chapter 7 of Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States, in contrast to Chapters 11 and 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 is the most common form of bankruptcy in the United States. For businesses When a troubled business is unable to pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. A Chapter 7 trustee is appointed almost immediately, with broad powers to examine the business's financial affairs. The trustee generally liquidates the assets and distributes the proceeds to the creditors. This may or may not mean that all employees will lose their jobs. When a large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold intac ...
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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 ...
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