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Newmark And Lewis
Newmark and Lewis (sometimes stylized ''Newmark & Lewis'') was a chain of consumer electronics stores described by ''The New York Times'' as an appliance-store chain. It was founded by Edward Newmark and Richard David Lewis in 1924. Problems of the industry of which it was part included cutthroat price competition, which caused low profit margins, and slow consumer purchasing cycles, the latter because of "lack of fresh products." When it closed in 1992, it had 26 remaining stores, having earlier closed even more than that. Described as "the New York area's biggest retailer of electronics and appliances" by a financial writer at ''The New York Times'', the firm had been listed on the American Stock Exchange. History Headquartered in Hicksville, Long Island, the chain was founded in 1924 by Edward Newmark and Richard David Lewis. As part of their expansion they bought part of the 1947-founded Bernies TV & Appliances Co. in 1985. Their 1980s growth was largely due to "the stre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cut Throat Competition
Cut throat competition is a term that was widely used to describe the reason for consumer protection regulation, labour law, and enforcement of competition law or antitrust, in the late 19th and early 20th century. In economics, cut throat competition is also referred to as ruinous, excessive or unfettered competition. More generally, cut throat competition is also subsumed under the term "destructive competition". Many countries have strict legislation against cut throat competition and anti-competitive practices in pricing. According to the Federal Trade Commission, the alleged necessity of a pricing agreement to avoid cut-throat competition is not considered a valid defense in the case of a proven price fixing agreement.{{cite web, url=https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/dealings-competitors/price-fixing, title=Price Fixing, work=Competition Guidance, publisher=Federal Trade Commission, accessdate=14 November 2015 See also *National Recove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is considered to be the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and east of Waterbury, its headquarters on Broad Street in Hartford, Connecticut is a short walk from the state capitol. It reports regional news with a chain of bureaus in smaller cities and a series of local editions. It also operates ''CTNow'', a free local weekly newspaper and website. The ''Courant'' began as a weekly called the ''Connecticut Courant'' on October 29, 1764, becoming daily in 1837. In 1979, it was bought by the Times Mirror Company. In 2000, Times Mirror was acquired by the Tribune Company, which later combined the paper's management and facilities with those of a Tribune-owned Hartford television station. The ''Courant'' and other Tribune print properties were spun off to a new corporate parent, Tribune Publishing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. It produces news reports that are distributed to its members, U.S. newspapers and broadcasters. The AP has earned 56 Pulitzer Prizes, including 34 for photography, since the award was established in 1917. It is also known for publishing the widely used '' AP Stylebook''. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters, English, Spanish, and Arabic. The AP operates 248 news bureaus in 99 countries. It also operates the AP Radio Network, which provides newscasts twice hourly for broadcast and satellite radio and television stations. Many newspapers and broadcasters outside the United States are AP subscribers, paying a fee to use AP material without being contributing members of the cooperative. As part of their cooperative agreement with the AP, most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Stock Exchange
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. NYSE Euronext acquired AMEX on October 1, 2008, with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S. In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC. Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX. History The Curb market The exchange grew out of the loosely organized curb market of curbstone brokers on Broad Street in Manhattan. Efforts to organize and standardize the market started early in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hicksville, New York
Hicksville is a hamlet and census-designated place (CDP) within the Town of Oyster Bay in Nassau County, on Long Island, in New York. The population of the CDP was 41,547 at the 2010 census. History Valentine Hicks, son-in-law of abolitionist and Quaker preacher Elias Hicks, and eventual president of the Long Island Rail Road, bought land in the village in 1834 and turned it into a station stop on the LIRR in 1837. The station became a depot for produce, particularly cucumbers for a Heinz Company plant. After a blight destroyed the cucumber crops, the farmers grew potatoes. It turned into a bustling New York City suburb in the building boom following World War II.Ron Ziel and George H. Foster, Steel Rails to the Sunrise, ©1965 The hamlet was named for Valentine Hicks. Failed incorporation attempt In 1953, Hicksville attempted to incorporate itself as the Incorporated Village of Hicksville. Many residents felt that by incorporating as a village, the community would be run m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernie's
Bernie's was a chain of American retail stores based in Enfield, Connecticut, operating locations throughout Connecticut, Massachusetts, and Rhode Island in the United States. At one time the company was owned by the now defunct Newmark and Lewis. The chain declared bankruptcy on January 14, 2010 and liquidated all stores by February 28, 2010. History Beginning In 1947, Bernie's was founded by Bernard "Bernie" Rosenberg, an enterprising gas station owner. Bernie had many friends in the community and after the war, realized there was an opportunity to help people purchase their first television set. He initially sold televisions and radios from his gas station, but as customer demand increased Bernie found the need to expand. He opened his first showroom, Bernie's TV and Appliance, in Bloomfield, Connecticut in 1953. Bernie, with the help of his son Milton and other family members, continued to grow and expand the business. Bernie Rosenberg died in 1988. Bernie's was, at on ... [...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] |
Consumer Electronics Show
CES (; formerly an initialism for Consumer Electronics Show) is an annual trade show organized by the Consumer Technology Association (CTA). Held in January at the Las Vegas Convention Center in Winchester, Nevada, United States, the event typically hosts presentations of new products and technologies in the consumer electronics industry. History The first CES was held in June 1967 in New York City. It was a spinoff from the Chicago Music Show, which, until then, had served as the main event for exhibiting consumer electronics. The event had 17,500 attenders and over 100 exhibitors; the kickoff speaker was Motorola chairman Bob Galvin. From 1978 to 1994, CES was held twice each year: once in January in Las Vegas known for ''Winter Consumer Electronics Show (WCES)'' and once in June in Chicago, known as ''Summer Consumer Electronics Show (SCES)''. The winter show was successfully held in Las Vegas in 1995 as planned. However, since the summer Chicago shows were beginning to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wiz (store)
The Wiz, also known at times as Nobody Beats the Wiz, was a chain of electronic stores in the northeastern United States, located primarily in New York, Pennsylvania and New Jersey. History The chain was founded by four brothers, Stephan, Lawrence, Marvin, and Douglas Jemal, in New York City in 1977. Later, it officially changed its name to its well-known advertising slogan, "Nobody Beats The Wiz." During the early-to-mid 1990s "Nobody Beats The Wiz" was a major sponsor for many local NY sports franchises, including the Yankees, Knicks, Mets, New Jersey Nets, Rangers, New Jersey Devils and Islanders, and in other areas, the Baltimore Orioles, and had a significant television advertising presence during local sports events, including the infamous Jeffrey Maier Incident during Game 1 of the 1996 ALCS. It also sponsored teams outside the NY area such as the Flyers, Whalers and Canadiens. In 1996, the company threatened legal action against the Major League Soccer franchise the K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
47th Street Photo
47th Street Photo was a store in New York City described as a pioneer of "the idea of discount consumer electronics retailing in New York." Tourists with a halting English would mistakenly ask for ''47th Street Camera.'' Furthermore, "its reputation spread across the country through a lucrative mail-order business." The store operated from 1967 to 1997. History "Beginning in 1967, 47th Street Photo helped pioneer the idea of discount consumer electronics retailing in New York." They were "known for being the first with the latest gadgets at the lowest prices." ''The New York Times'' proclaimed that "No other store seemed to have so much merchandise and so few displays," resulting in lines: "Any time you come in, you've got to wait." The store expanded to five locations, but during an economic downturn the 47th street location closed; eventually so did three more. In 1995 the store's name was licensed for use by another management team; they oversaw what became the company's clo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crazy Eddie
Crazy Eddie was a consumer electronics chain in the Northeastern United States. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Antar, and was previously named ERS Electronics (ERS stood for Eddie, Rose and Sam; Rose and Sam were Eddie's parents). The chain rose to prominence throughout the Tri-State area (New York-New Jersey-Connecticut) as much for its prices as for its memorable radio and television commercials, featuring a frenetic, "crazy" character played by radio DJ Jerry Carroll (who copied most of his shtick from early TV commercial pioneer, used car and electronics salesman Earl "Madman" Muntz). At its peak, Crazy Eddie had 43 stores in four states and reported more than $300 million in sales. Almost from the beginning, Crazy Eddie engaged in fraudulent business practices, including under-reporting income, skimming sales taxes, and paying employees off the books. These practices, in conjunction with aggressive sales tactics, enab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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