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Mammoth Mart
Mammoth Mart was a discount department store chain, located in the northeastern United States, primarily in the New England area. The chain was founded by Max Coffman and Henry Gornstein in Framingham, Massachusetts in 1956, and was something of a prototype for the large, downscale department store, selling housewares, hardware and clothing in stark, unfussy buildings, usually in suburban strip mall, shopping center locations. Other discount department store retailers like Kmart (United States), K-Mart, Zayre, and Bradlees would subsequently expand on this concept. Their advertising mascot was Marty the elephant, a smiling, blazer-wearing mammoth. History In 1956 Max Coffman and Henry Gornstein opened the first Mammoth Mart (at the time known as Mammoth Mills) in Framingham, MA. It was originally called Mammoth Mills due to the first store being in a mill building that used the same name. The name was changed to Mammoth Mart in 1962. By 1969 the chain had 35 stores. In March ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discount Store
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. Types (United States) Discount stores in the United States may be classified into different types: Hypermarkets (superstores) Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress For Less, Marshalls, TJ Maxx, and Kohls. Category killers So-called category killer stores, speciali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11
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] |
Retail Companies Disestablished In 1978
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Established In 1956
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Department Stores Based In Massachusetts
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Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Discount Stores Of The United States
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Northeastern United States
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of New England
New England is the oldest clearly defined region of the United States, being settled more than 150 years before the American Revolution. The first English colony in New England, Plymouth Colony, was established in 1620 by Pilgrims fleeing religious persecution in England; a French colony established in 1604 on Saint Croix Island, Maine, had failed. Plymouth was the second English colony in America, after Jamestown. A large influx of Puritans populated the greater region during the Puritan migration to New England (1620–1640), largely in the Boston and Salem area. Farming, fishing, and lumbering prospered, as did whaling and sea trading. New England writers and events in the region helped launch and sustain the American War of Independence, which began when fighting erupted between British troops and Massachusetts militia in the Battles of Lexington and Concord. The region later became a stronghold of the conservative Federalist Party. By the 1840s, New England was the center ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Massachusetts
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King's Department Stores
King's Department Stores was a chain of discount stores in the Eastern United States. The chain started in 1956, in Brockton, Massachusetts. They expanded to 187 stores (three stores operated in the Buffalo, New York area). In 1978, they purchased the bankrupt Mammoth Mart chain. Because of the economic downturn and the debt from the Mammoth purchase, they filed for Chapter 11 bankruptcy in 1982. In 1984 Ames Department Stores purchased the chain and converted most of them into Ames stores. Ames went out of business in 2002. Retail Chains Bought out By King's *Mammoth Mart *Barker's Discount Department Stores Barkers Discount Department Stores was a chain of discount department stores founded in May, 1957 by Felix Mininberg and Irving Barker. As one of the first hard goods discounters, and with creative promotions, the initial store, in Orange, Conne ... * Sandy's Discount Stores * Miracle Mart (US Chain, not to be confused with the Canadian chain) References Defunc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy Act Of 1898
The Bankruptcy Act of 1898 ("Nelson Act", July 1, 1898, ch. 541, ) was the first United States Act of Congress involving bankruptcy to give companies an option of being protected from creditors. Previous attempts at federal bankruptcy laws had lasted, at most, a few years.See Debt's Dominion: A History of Bankruptcy Law in America, David A. Skeel, Jr., Princeton University Press 2001 (sample online a). Its popular name is a homage to the role of Senator Knute Nelson in its composition. It was significantly amended by the Bankruptcy Act of 1938 and was superseded by the Bankruptcy Act of 1978. See also * Bankruptcy Act * History of bankruptcy law in the United States The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy. As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankrup ... References External links *Bankruptcy Attorney United S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King's (defunct Discount Store)
King's Department Stores was a chain of discount stores in the Eastern United States. The chain started in 1956, in Brockton, Massachusetts. They expanded to 187 stores (three stores operated in the Buffalo, New York area). In 1978, they purchased the bankrupt Mammoth Mart chain. Because of the economic downturn and the debt from the Mammoth purchase, they filed for Chapter 11 bankruptcy in 1982. In 1984 Ames Department Stores purchased the chain and converted most of them into Ames stores. Ames went out of business in 2002. Retail Chains Bought out By King's *Mammoth Mart *Barker's Discount Department Stores Barkers Discount Department Stores was a chain of discount department stores founded in May, 1957 by Felix Mininberg and Irving Barker. As one of the first hard goods discounters, and with creative promotions, the initial store, in Orange, Conne ... * Sandy's Discount Stores * Miracle Mart (US Chain, not to be confused with the Canadian chain) References Defunc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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