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Pathmark
Pathmark is a supermarket brand owned by Allegiance Retail Services, a retailers’ cooperative based in Iselin, New Jersey, USA. Pathmark currently has one location in East Flatbush, Brooklyn, New York, which it has operated since 2019. From 1968 until 2015, Pathmark operated a chain of supermarkets throughout the northeastern United States. The chain was founded by Supermarkets General, which previously operated ShopRite stores as a member of the Wakefern cooperative and chose to go into business for itself as a direct competitor. The company would eventually take the Pathmark name and would later be purchased by competing supermarket chain A&P in 2007. Before its initial closure, Pathmark previously operated stores in New York, New Jersey, Connecticut, Pennsylvania, Delaware, and Maryland. In 2007, ''Supermarket News'' ranked Pathmark No. 31 in its annual "Top 75 North American Food Retailers" based on Pathmark's 2006 estimated sales of $4.1 billion.
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The Great Atlantic And Pacific Tea Company
The Great Atlantic & Pacific Tea Company, better known as A&P, was an American chain store, chain of grocery stores that operated from 1859 to 2015. From 1915 through 1975, A&P was the largest grocery retailer in the United States (and, until 1965, the largest U.S. retailer of any kind). A&P was considered an American icon that, according to ''The Wall Street Journal'', "was as well known as McDonald's or Google is today".. At its peak in the 1940s, A&P captured 10% of total US grocery spending. Known for innovation, A&P improved consumer's nutritional habits by making available a vast assortment of food products at much lower costs. Until 1982, A&P also was a large food manufacturer. A&P was founded in 1859 by George Gilman as "Gilman & Company", who opened a small chain of retail tea and coffee stores in New York City, and then expanded to a national mail order business. The firm grew to 70 stores by 1878; by 1900, it operated almost 200 stores. A&P grew dramatically by intr ...
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ShopRite (United States)
ShopRite is a retailers' cooperative of supermarkets with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania. Based in Keasbey, New Jersey, ShopRite consists of 50 individually owned and operated affiliates with over 300 stores, all under its corporate and distribution arm, Wakefern Food Corporation. Wakefern itself owns and operates 28 of the locations through subsidiary ShopRite Supermarkets and is the largest affiliate within the cooperative. Several Wakefern members own and operate single ShopRite stores, while most own multiple locations. The average Wakefern member operates six stores. ShopRite has been the largest food retailer in New Jersey for close to 70 years and is also number one in the entire New York metropolitan area. Since 2011, ShopRite is also the largest retailer of food in Greater Philadelphia, pushing long-dominant Acme Markets to second place and, in 2013, to third place. , Wakefern was ranked 17th by sales a ...
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Rickel
Rickel (known as Rickel Brothers in its early years, Rickel Supermarts in the 1960s, and Rickel Home Centers in later years) was a chain of home-improvement centers based in northern New Jersey. The company’s first store opened in 1953 and for three decades Rickel was the leading hardware, plumbing, heating and electrical retailer in its region. At its peak Rickel operated over 90 stores, but competition from Home Depot, debt problems with its former parent, and an ultimately ill-advised merger with competitor Channel Home Centers led to a 1996 bankruptcy filing and liquidation and closure starting in late 1997 and continuing through early 1998. Founding The origins of the company date back to 1946 when brothers Al, Mort, and Bob Rickel went into business for themselves in Newark, New Jersey.Roush, Chris, ''Inside Home Depot'', pp.126-30 1999 The brothers formed their own heating business, continuing a family tradition. An anecdotal story says that a few years later, the bro ...
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James Karen
James Karen (born Jacob Karnofsky; November 28, 1923 – October 23, 2018) was an American character actor of Broadway, film and television. Karen is known for his roles in '' Poltergeist'', ''The China Syndrome'', '' Wall Street'', ''The Return of the Living Dead'', '' Invaders from Mars'' and ''The Pursuit of Happyness'', but was perhaps best known as the signature pitchman for Pathmark, famously appearing in commercials for the now-defunct East Coast-based supermarket chain from the late 1970s to the early 1990s which earned his nickname "Mr. Pathmark". Karen is also known for his recurring television role as Tom Bradford's boss, Eliot Randolph, in ''Eight Is Enough''. He was nominated for a Saturn Award for his 1985 role in ''The Return of the Living Dead''. He also appeared in an episode of ''Cheers'' as Frasier's mentor and the father of Carla's sixth child. Early life Karen was born Jacob Karnofsky in Wilkes-Barre, in northeastern Pennsylvania, the son of Russian-bor ...
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Steinbach (store)
Steinbach was a department store chain based in Asbury Park, New Jersey with locations throughout the United States northeast. It opened in 1870 and was purchased by Supermarkets General Corporation (SGC) in the 1960s, and was shuttered in early 1999. History Steinbach was founded in 1870 by the Steinbach brothers, John, Henry, and Jacob in Long Branch. The brothers expanded to the Asbury location four years later. In the early 20th century, Steinbach's was considered to be the "world's largest department store." The company was at one time affiliated with the Kresge-Newark department store in downtown Newark. In the 1960s, the chain was purchased by Supermarkets General Corporation, and continued to operate as a standalone company. SGC also purchased the Howland chain in Bridgeport, Connecticut (which had previously merged the Genung's chain of stores into itself), along with the two-store Goerke's department store based in Elizabeth, New Jersey. Howland also continued to run ...
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Produce Pete
Peter Napolitano (born February 23, 1945) better known by stage name Produce Pete (sometimes referred to as Pete Your Produce Pal), is an American grocer, chef, and celebrity spokesperson who is perhaps best known for his weekly fruit and vegetable segments that appear on WNBC in New York City and WCAU in Philadelphia. Napolitano had appeared in commercials and at special events for the now defunct A&P-owned supermarket chain Pathmark since 2001, although he never appeared in Pathmark's post-2010 bankruptcy ad campaign. Early life and family business Napolitano was born into an Italian-American family in Englewood, New Jersey. In 1953, as a young boy he began selling fruits and vegetables at the neighborhood farmer's market which was owned by his family. In 1970 Napolitano took ownership of the business and ran it as a seasonal operation, often selling items beyond his line of produce, geared towards upcoming holidays and celebrations. In 1997 he turned the business over to ...
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Louis Lowenstein (lawyer)
Louis Lowenstein (June 13, 1925 – April 18, 2009) was an American attorney. He was a founding partner of Kramer Levin (at the time known as ''Kramer, Lowenstein, Nessen & Kamin'') now one of New York City's corporate law firms; president of Supermarkets General, a supermarket conglomerate whose operating subsidiary was known as Pathmark; professor at Columbia University School of Law; and a leading critic of the U.S. financial industry. He graduated with a B.S.from Columbia Business School in 1947, and a LL.B. from Columbia Law School in 1953. He was the author of several books, including: * ''What’s Wrong With Wall Street: Short Term Gain and the Absentee Shareholder'', Addison-Wesley, 1988 * ''Sense and Nonsense in Corporate Finance'', 1991 * ''The Investor’s Dilemma: How Mutual Funds Are Betraying Your Trust and What to Do About It'', Wiley, 2008 He also coedited and contributed to ''Knights, Raiders, and Targets: The Impact of the Hostile Takeover'', published b ...
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Point Of Sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but can also be dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are available. ...
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New York Metropolitan Area
The New York metropolitan area, also commonly referred to as the Tri-State area, is the largest metropolitan area in the world by urban area, urban landmass, at , and one of the list of most populous metropolitan areas, most populous urban agglomerations in the world. The vast metropolitan area includes New York City, Long Island, the Mid and Lower Hudson Valley in the State of New York; the six largest cities in New Jersey: Newark, New Jersey, Newark, Jersey City, New Jersey, Jersey City, Paterson, New Jersey, Paterson, Elizabeth, New Jersey, Elizabeth, Lakewood, New Jersey, Lakewood, and Edison, New Jersey, Edison, and their vicinities; and six of the seven largest cities in Connecticut: Bridgeport, Connecticut, Bridgeport, Stamford, Connecticut, Stamford, New Haven, Connecticut, New Haven, Waterbury, Connecticut, Waterbury, Norwalk, Connecticut, Norwalk, and Danbury, Connecticut, Danbury, and the vicinities of these cities. The New York metropolitan area comprises the geograp ...
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Economic Stagnation
Economic stagnation is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment. Under some definitions, "slow" means significantly slower than potential growth as estimated by macroeconomists, even though the growth rate may be nominally higher than in other countries not experiencing economic stagnation. Secular stagnation theory The term "secular stagnation" was originally coined by Alvin Hansen in 1938 to "describe what he feared was the fate of the American economy following the Great Depression of the early 1930s: a check to economic progress as investment opportunities were stunted by the closing of the frontier and the collapse of immigration". Warnings similar to secular stagnation theory have been issued after all deep recessions, but they usually turned out to be wrong because they underestimated the potential of existing technologies.Pagano and Sbracia (2014"The secular stagnation hypo ...
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California Legislature
The California State Legislature is a bicameral state legislature consisting of a lower house, the California State Assembly, with 80 members; and an upper house, the California State Senate, with 40 members. Both houses of the Legislature convene at the California State Capitol in Sacramento. The California state legislature is one of just ten full-time state legislatures in the United States. The houses are distinguished by the colors of the carpet and trim of each house. The Senate is distinguished by red and the Assembly by the color green, inspired by the House of Lords and House of Commons respectively. The Democratic Party currently holds veto-proof supermajorities in both houses of the California State Legislature. The Assembly consists of 60 Democrats and 19 Republicans, with one independent, while the Senate is composed of 31 Democrats and 9 Republicans. Except for a brief period from 1995 to 1996, the Assembly has been in Democratic hands since the 1970 el ...
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Barnes & Noble
Barnes & Noble Booksellers is an American bookseller. It is a Fortune 1000 company and the bookseller with the largest number of retail outlets in the United States. As of July 7, 2020, the company operates 614 retail stores across all 50 U.S. states. Barnes & Noble operates mainly through its Barnes & Noble Booksellers chain of bookstores. The company's headquarters are at 33 E. 17th Street on Union Square in New York City. After a series of mergers and bankruptcies in the American bookstore industry since the 1990s, Barnes & Noble stands alone as the United States' largest national bookstore chain. Previously, Barnes & Noble operated the chain of small B. Dalton Bookseller stores in malls until they announced the liquidation of the chain. The company was also one of the nation's largest manager of college textbook stores located on or near many college campuses when that division was spun off as a separate public company called Barnes & Noble Education in 2015. During the ...
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