Harold Alfond
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Harold Alfond
Harold Alfond (March 6, 1914 – November 16, 2007) was an American businessman who founded the Dexter Shoe Company and established the first factory outlet store. Early life Alfond was born in Swampscott, Massachusetts, on March 6, 1914, the son of Russian Jewish immigrants Simon and Rose Alfond. Harold, his brother David, and four sisters, Anne, Bertha, Gladys and Grace, grew up in Swampscott and attended Swampscott schools. In high school, Harold was an outstanding athlete and developed his passion for sports. Founding Dexter Shoes After graduating from high school in 1934, Alfond got a job at Kesslen Shoe Company in Kennebunk, Maine, where his father worked. In a short time, he rose from odd shoe boy to factory superintendent. In 1940, Alfond and his father bought a shoe factory in Norridgewock, Maine, and founded Norrwock Shoe Company. They sold the company to Shoe Corp. of America in 1943 and Simon Alfond stayed on as president for 25 years. In 1956, Alfond left, p ...
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Swampscott, Massachusetts
Swampscott () is a town in Essex County, Massachusetts, United States, located up the coast from Boston in an area known as the North Shore. The population was 15,111 as of the 2020 United States Census. A former summer resort on Massachusetts Bay, Swampscott is today a fairly affluent residential community and includes the village of Beach Bluff, as well as part of the neighborhood of Clifton. History The area around Swampscott was inhabited by indigenous people for tens of thousands of years prior to European arrival. The Naumkeag or Pawtucket, speaking an Eastern Algonquin language related to Massachusett, controlled land extending from the Charles River to the Merrimack River at the time of European exploration. Wood's ''New England Prospect'' lists "Swampscott" as a noted habitation in 1633 before extensive European settlement. According to an early twentieth century source, the name "Swampscott" is variously said to mean "at the red rock", "broken waters", or "pleasant w ...
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JC Penney
Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is a midscale American department store chain operating 667 stores across 49 U.S. states and Puerto Rico. Departments inside JCPenney stores include Mens, Womens, Boys, Girls, Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, ''The Salon by InStyle'', ''Sephora inside JCPenney'', as well as leased departments such as Seattle's Best Coffee, US Vision optical centers, and Lifetouch portrait studios. Most JCPenney stores were initially located in downtown areas, but, as shopping malls grew in popularity during the 1960s, the chain began relocating and developing stores to anchor the malls. In recent years, JCP has opened stores in power centers, as well as stand-alone stores, sometimes adjacent to competitors. The company has been an Internet retailer since 1998, and it has streamlined its catalog and distribution while undergoing renovation improvements at store level. In May 2020, JCPenney filed for Chap ...
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Alfond Stadium (University Of Maine)
Morse Field at Harold Alfond Sports Stadium is a 10,000-seat multi-purpose stadium in Orono, Maine. The stadium opened as Alumni Field in 1947 and underwent extensive renovations from 1996 to 1998. It is home to the University of Maine Black Bears football team. The wood and steel grandstands, built in the 1940s, were condemned and demolished in 1996, replaced with the current east grandstand, along with a temporary structure on the west side, adjacent to Alfond Arena. The current west grandstand, lights, press and luxury levels, as well as concessions and restroom amenities were completed prior to the 1998 season. The stadium was rededicated to Harold Alfond, a longtime Maine booster, at Maine's first home night game on September 12, 1998, a 52–28 win over New Hampshire in the Battle for the Brice-Cowell Musket. The field is named for Phillip and Susan Morse, who donated the lights, original Astroturf and scoreboard. In the summer of 2008, new FieldTurf was installed to replac ...
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Alfond Arena
Alfond Arena is a multi-purpose arena in Orono, Maine, United States. The arena opened in 1977. It is home to the University of Maine Black Bears ice hockey teams. It is recognizable for its distinctive hyperbolic paraboloid architecture. The multi-angular roof design can also be found at Pavilion at Villanova University, the Brown University Smith Swim Center and the Flynn Recreation Complex at Boston College. It is named for Harold Alfond, a longtime Maine booster, whose name also adorns Alfond Stadium, the school's main outdoor stadium. It was expanded in 1992 from its original capacity of 3,800 in order to accommodate more spectators and bring the basketball team back from its temporary home at the Bangor Auditorium. More skyboxes have been added since then, so the arena's capacity has been reduced. As of the 2022-2023 season, the capacity was 5,125 for hockey. The arena includes the Bear Necessities Fan Shop and the Maine Hockey Hall of Fame. The Grateful Dead played ...
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Foundation Center
Candid is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations.Wyland, Michael. "GuideStar Introduces Program Metrics Section for Nonprofit Profiles." Non Profit News For Nonprofit Organizations , Nonprofit Quarterly. N.p., May 11, 2016. Web. April 3, 2017. It is the product of the February 2019 merger of GuideStar with Foundation Center. It maintains comprehensive databases on grantmakers and their grants; issues a wide variety of print, electronic, and online information resources; conducts and publishes research on trends in foundation growth, giving, and practice; and offers education and training programs. History GuideStar GuideStar was one of the first central sources of information on U.S. nonprofits and is the world's largest source of information about nonprofit organizations. GuideStar also serves to verify that a recipient organization is established and that donated ...
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Harold Alfond Foundation
Harold may refer to: People * Harold (given name), including a list of persons and fictional characters with the name * Harold (surname), surname in the English language * András Arató, known in meme culture as "Hide the Pain Harold" Arts and entertainment * ''Harold'' (film), a 2008 comedy film * ''Harold'', an 1876 poem by Alfred, Lord Tennyson * ''Harold, the Last of the Saxons'', an 1848 book by Edward Bulwer-Lytton, 1st Baron Lytton * ''Harold or the Norman Conquest'', an opera by Frederic Cowen * ''Harold'', an 1885 opera by Eduard Nápravník * Harold, a character from the cartoon ''The Grim Adventures of Billy & Mandy'' *Harold & Kumar, a US movie; Harold/Harry is the main actor in the show. Places ;In the United States * Alpine, Los Angeles County, California, an erstwhile settlement that was also known as Harold * Harold, Florida, an unincorporated community * Harold, Kentucky, an unincorporated community * Harold, Missouri, an unincorporated community ;E ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $100 billion as of November 2022, making him the world's sixth-wealthiest person. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acqui ...
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Berkshire Hathaway
Berkshire Hathaway Inc. () is an American Multinational corporation, multinational conglomerate (company), conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and (since 1978) vice chairman Charlie Munger, who are known for their advocacy of value investing principles. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. The company's insurance brands include auto insurer GEICO and reinsurance firm General Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, Rail transport, ...
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Retail Chain
A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many parts of the world. A franchise retail establishment is one form of chain store. In 2005, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales. History In 1792, Henry Walton Smith and his wife Anna established W.H. Smith as a news vending business in London that would become a national concern in the mid-19th century under the management of their grandson William Henry Smith. The world's oldest national retail chain, the firm took advantage of the railway boom during the Industrial Revolution by opening news-stands at railway stations beginning in 1848. The firm, now called WHSmith, had more than 1,400 locations as of 2017. In the U.S., chain stores likely began with J. Stiner & Company, ...
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Outlet Mall
An outlet store, factory outlet or factory shop is a brick and mortar or online store in which manufacturers sell their stock directly to the public. Traditionally, a factory outlet was a store attached to a factory or warehouse, sometimes allowing customers to watch the production process, such as in the original L.L. Bean store. In modern usage, outlet stores are typically manufacturer-branded stores such as Gap or Bon Worth grouped together in outlet malls. The invention of the factory outlet store is often credited to Harold Alfond, founder of the Dexter Shoe Company. History Outlets first appeared in the eastern United States in the 1930s. Factory stores started to offer damaged or excess goods to employees at a low price. After some time, the audience expanded to include non-employees. In 1936, Anderson-Little (a men's clothing brand) opened an outlet store independent of its existing factories. Until the 1970s, the primary purpose of outlet stores was to dispose of exces ...
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Skowhegan
Skowhegan () is the county seat of Somerset County, Maine. As of the 2020 census, the town population was 8,620. Every August, Skowhegan hosts the annual Skowhegan State Fair, the oldest continuously-held state fair in the United States. Skowhegan was originally inhabited by the indigenous Abenaki people who named the area Skowhegan, meaning "watching place or fish" and were mostly dispersed by the end of the 4th Anglo-Abenaki War. History Original inhabitants For thousands of years prior to European settlement, this region of Maine was the territory of the Kinipekw (later known as Kennebec) Norridgewock tribe of Abenaki. The Norridgewock village was located on the land now known as Madison. The Abenaki relied on agriculture (corn, beans, and squash) for a large part of their diet, supplemented by hunting, fishing, and the gathering of wild foods. The Skowhegan Falls (which have since been replaced by the Weston Dam) descended 28 feet over a half-mile on the Kennebec River. F ...
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