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{{Infobox company , name = Ontario Discount Department Store , logo = Onratio Department Store logo.jpg , fate = Bankruptcy , successor = , foundation = 1950s , defunct = December 31, 1987 , location = Maple Heights, Ohio, U.S. , industry = Retail , key_people = , products = Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, housewares, groceries , homepage = , parent = Cook United (owned from 1962 and discontinued in 1981), , logo_caption = The second of three Ontario Discount Department Store logos Ontario Discount Department Store was a chain of discount department stores, which operated primarily in Ohio from the late 1950s into the 1980s. Ontario's parent company, Cook United Cook's was a chain of discount department stores in the United States, from 1961 to 1987. Headquartered in Cleveland, Ohio, the chain grew to a peak of 115 stores before filing for Chapter 11 Bankruptcy ...
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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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Maple Heights, Ohio
Maple Heights is a city in Cuyahoga County, Ohio, United States. It is a suburb of Cleveland. The population was 23,138 at the 2010 census. History Maple Heights Transit In 1935, the City created Maple Heights Transit to provide connections to Downtown Cleveland, crosstown service, and service for schools. Southgate USA Built as one of the first large shopping centers, Southgate USA was dedicated in 1955, boasting over 80 retail stores, including JCPenney, Sears, and May Company. In 2002, the GCRTA dedicated its Southgate Transit Center, serving as a connection between multiple bus lines between Downtown Cleveland, Bedford, Shaker Heights, East Cleveland, and the Summit County Line. Late 20th and Early 21st Centuries (1970-Present) With deficit fund balances of over $2.8 million and defaults on 3 loan payments, Ohio Auditor of State Dave Yost declared the City to be in fiscal emergency in February 2015. Since February 2015, the City improved its finances and budgeting si ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Retail
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 prov ...
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Cook United
Cook's was a chain of discount department stores in the United States, from 1961 to 1987. Headquartered in Cleveland, Ohio, the chain grew to a peak of 115 stores before filing for Chapter 11 Bankruptcy first in 1984, then in 1987, before filing for Chapter 7 bankruptcy later that year. History Cook's began in 1961, with the purchase of 5 Uncle Bill's Discount Department Stores and three other small discount department store chains in the Midwest and East. The 47-store Rink's Discount Department Stores chain was purchased from Gray Drugs in 1981, at which point the chain reached its peak of 115 stores. In 1984, the chain closed a total of 41 stores in the Spring of 1984, shortly before declaring Chapter 11 bankruptcy. 12 further stores were closed during bankruptcy, reducing the chain to 32 stores before exiting bankruptcy in late 1986. The chain filed Chapter 11 bankruptcy again in 1987, planning to close 26 of 29 stores and operate 3 stores, two in Lima, Ohio and one in Waus ...
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Discount Department Stores
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, specia ...
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Ohio
Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The state's capital and largest city is Columbus, with the Columbus metro area, Greater Cincinnati, and Greater Cleveland being the largest metropolitan areas. Ohio is bordered by Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest. Ohio is historically known as the "Buckeye State" after its Ohio buckeye trees, and Ohioans are also known as "Buckeyes". Its state flag is the only non-rectangular flag of all the U.S. states. Ohio takes its name from the Ohio River, which in turn originated from the Seneca word ''ohiːyo'', meaning "good river", "great river", or "large creek". The state arose from the lands west of the Appalachian Mount ...
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Gamble-Skogmo
Gamble-Skogmo Inc. was a conglomerate of retail chains and other businesses that was headquartered in St. Louis Park, Minnesota. Business operated or franchised by Gamble-Skogmo included Gambles hardware and auto supply stores, Woman's World and Mode O'Day clothing stores, J.M. McDonald department stores, Leath Furniture stores, Tempo and Buckeye Mart Discount Stores, Howard's Brandiscount Department Stores, Rasco Variety Stores, Sarco Outlet Stores, Toy World, Rasco-Tempo, Red Owl Grocery, Snyder Drug and the Aldens mail-order company."They chased a dream: Gamble-Skogmo stores built from long friendship that began in Arthur," Fargo (N.D.) Forum, March 13, 1999
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Defunct Discount Stores Of The United States
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 ...
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Defunct Department Stores Based In Cleveland
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 ...
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Companies That Filed For Chapter 11 Bankruptcy In 1984
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 p ...
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