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Proffitt's Inc.
Saks, Inc. (originally Proffitt's, Inc.) was an American holding company founded in 1919. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of department store chains including New York City-based Saks Fifth Avenue (1998–2013) and Tennessee-based Proffitt's (1919–2005). It acquired several mid-range department store chains in the 1990s, however, refocused on upscale retailing and divested of them in the mid-2000s. HBC maintains the Saks Fifth Avenue nameplate through the full-line department stores, Saks Off 5th off-price stores, and SaksWorks coworking space provider. Operations during 20th century Proffitt's Inc. began as five Proffitt's stores in the Knoxville, Tennessee, metropolitan area. After going public under the symbol PRFT on the NASDAQ stock exchange in 1987, Proffitt's Inc. grew by acquiring several department stores. In 1989 the company purchased 18 Hess's locations in Tennessee, Virginia, Kentucky, and Georg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saks Fifth Avenue
Saks Fifth Avenue (originally Saks & Company; Colloquialism, colloquially Saks) is an American Luxury goods, luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store opened in the F Street and 7th Street shopping districts, F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and Saks Fifth Avenue flagship store, flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. (renamed Saks, Inc.) in 1998, and Saks, Inc. was acquired by the Canadian-founded Hudson's Bay Company (HBC) in 2013. Subsidiary Saks Off 5th, originally a clearance store for Saks Fifth Avenue, is now a large off-price retailer in its own right managed independently from Saks Fifth Avenue under HBC. History Early history Andrew Saks was born to a German Jewish family, in Baltimore. He worked as a peddler and paper boy before moving to Washington, D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Store (Wisconsin)
The Boston Store Inc. is an online retailer and former department store chain owned by The Bon-Ton stores. It was founded in 1897 in Milwaukee, Wisconsin. History 1920s and 1930s Throughout the 1920s, and 1930s the Boston Store was run by Philip Irving Stone. His nephew, Irving Stone, worked as a manager and, beginning in 1927, dated Broadway ingenue and later MGM movie star Jeanette MacDonald for a time. In December 1933, 600 of the store's 1000 employees walked out in a famous White Collar union strike. Federated and Maus Freres S.A. Julian Simon's control of Boston Store was sold to Federated Department Stores in 1948 and under Federated, branch stores were opened in several Wisconsin cities including Oshkosh, Sheboygan and Manitowoc. Ownership later passed to the Bergner's chain of Peoria, Illinois in 1985 (itself owned by Switzerland-based Maus Frères S.A., a retail conglomerate controlled by the Maus and Nordmann Families); soon afterward Bergner's relocated its hea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carson Pirie Scott
Carson Pirie Scott & Co. (also known as Carson's) is an American department store that was founded in 1854, which grew to over 50 locations, primarily in the Midwestern United States. Sold to the holding company of Bon-Ton in 2006, but still operated under the Carson name, the entire Bon-Ton collection of stores, including Carson's, went into bankruptcy and closed in 2018. Bon-Ton's intellectual property was quickly sold while in bankruptcy, and the new owners reopened shortly afterwards as a BrandX virtual retailer. The Carson Pirie Scott name is associated with the Carson, Pirie, Scott and Company Building designed by Louis Sullivan, built in 1899 for the retail firm Schlesinger & Mayer, and expanded and sold to Carson Pirie Scott in 1904, and occupied by them for more than a century. History Beginnings The chain began in 1854 when Scotsmen Samuel Carson and John Thomas Pirie first clerked in the Murray's dry goods store in Peru, Illinois - then opened their own store in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herberger's
G. R. Herberger Inc. is a department store chain founded in 1927 with locations throughout the Midwestern United States. The chain was sold in the late 1990s amid growing consolidation in the department store industry, while continuing to operate as a separate nameplate and later sharing a corporate division headquartered in Milwaukee, Wisconsin, with Carson's, Bergner's and other regional chains by the close of the century. The company's parent company Bon-Ton filed for bankruptcy in 2018 and liquidated. History Herberger's began in Osakis, Minnesota, when G.R. "Bob" Herberger opened his first store in 1927. Herberger's was incorporated for the purpose of acquiring additional stores and expanding into other communities in 1943. By 1972, it grew to 11 stores in four states, with its headquarters in downtown St. Cloud, Minnesota. G. R. Herberger's, Inc., by then an employee-owned company, merged with Proffitt's Inc. in 1997 in stock deal valued at approximately $160 million. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parisian (department Store Chain)
Parisian Inc. (, ) was an American chain of department stores founded and headquartered in Birmingham, Alabama. Competing mainly in the established Southeastern US market through the 1980s against Nordstrom, Neiman Marcus, and Gus Mayer, Parisian underwent a series of restructurings and mergers during its 130-year history, and was taken over by Proffitt’s, Inc. in 1996. In September 2006, Belk purchased the Parisian department store properties from Saks for $285 million, although that sale did not include the Parisian nameplate. Five Parisian store locations in Michigan, Indiana, and Ohio were instead sold to Bon-Ton, and closed nine additional stores nationwide. The remaining twenty-four locations were rebranded as Belk in September 2007, except for the three Michigan stores, which continued to operate as Parisian until rebranding as Carson's in 2013, later to close in 2018. History Early history Parisian was founded in Birmingham, Alabama in 1877 by Estella and Bertha S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Younkers
Younkers Inc. is an American online retailer and former department store chain founded as a family-run dry goods business in 1856 in Keokuk, Iowa. The retailer had evolved over more than 150 years to include a presence in locations throughout Iowa and bordering states in the Midwest region of the United States. It is pronounced yong-kers. Younkers became influential as it acquired several rivals throughout the 20th century both inside and outside of Iowa. The chain itself was sold by the late 1990s, with ownership transferring out of state, and its Des Moines-based headquarters closed by 2003 as a part of a corporate consolidation. Following its last sale in 2006, Younkers operated as a subsidiary of The Bon-Ton, with locations in seven Midwestern states, primarily in shopping malls. the chain operated more than fifty locations in the region. On August 29, 2018, the last 17 remaining Younkers outlets were all shut down. History Beginnings The company was founded by three Polis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McRae's
McRae's was a mid-range regional department store chain founded and based in Jackson, Mississippi, with locations in Mississippi, Alabama, Louisiana, and Florida. The nameplate was in existence for more than a century. History Samuel P. McRae founded the store in Jackson, Mississippi in 1902 as a dry goods store. It remained a family-owned business through the ensuing decades, while continuing to grow. Sales increased from only $1 million in 1955 to $10 million in 1970. The first location outside Mississippi opened in University Mall (now University Town Plaza) in Pensacola, Florida in 1974. In 1987, McRae's acquired 13 stores in Alabama from Pizitz. With strengths in home furnishings, men's apparel, and cosmetics, the chain was considered one of the most successful family-owned businesses in the country. McRae's was acquired by Tennessee-based Proffitt's in 1994 in a transaction that ''The New York Times'' called "a case of a little fish swallowing a bigger one."Stephanie Strom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hess's
Hess's was a department store chain based in Allentown, Pennsylvania. The company started in 1897 with one store, originally known as Hess Brothers, and grew to nearly 80 stores by its peak in the late 1980s. The chain's stores were closed or sold off in a series of deals in the early to mid-1990s. History Establishment Hess Brothers was founded on February 19, 1897, by Charles and Max Hess. During the summer of 1896, Max Hess Sr., a German-Jewish immigrant from Perth Amboy, New Jersey, visited Allentown. He returned to Perth Amboy and told his brother Charles, that Allentown was a major business opportunity. The brothers moved to Allentown in 1897 and leased space inside the Grand Central Hotel.Hellerich, Mahlon H, and Pennsylvania) Lehigh County Historical Society Allentown. Allentown, 1762–1987: a 225-year history. Allentown, Pennsylvania: Lehigh County Historical Society, 1987 On February 19, 1897, the Allentown Band was playing in front of the new Hess Brothers store t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knoxville, Tennessee
Knoxville is a city in and the county seat of Knox County, Tennessee, Knox County in the U.S. state of Tennessee. As of the 2020 United States census, Knoxville's population was 190,740, making it the largest city in the East Tennessee Grand Divisions of Tennessee, Grand Division and the state's third largest city after Nashville, Tennessee, Nashville and Memphis, Tennessee, Memphis.U.S. Census Bureau2010 Census Interactive Population Search. Retrieved: December 20, 2011. Knoxville is the principal city of the Knoxville Metropolitan Area, Knoxville Metropolitan Statistical Area, which had an estimated population of 869,046 in 2019. First settled in 1786, Knoxville was the first capital of Tennessee. The city struggled with geographic isolation throughout the early 19th century. The History of rail transportation in the United States#Early period (1826–1860), arrival of the railroad in 1855 led to an economic boom. The city was bitterly Tennessee in the American Civil War#Tenne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SaksWorks
SaksWorks is an American coworking space provider and sister brand to the Saks Fifth Avenue department store chain, both of which are based in New York City and owned by Hudson's Bay Company (HBC). The concept was conceived amid the COVID-19 pandemic to redevelop the former Lord & Taylor brick-and-mortar locations. The first SaksWorks facilities opened within the New York metropolitan area in September 2021. History Hudson's Bay Company acquired the Lord & Taylor Lord & Taylor was the oldest brick and mortar department store in the United States, in business from 1826 to 2020. The brand was purchased during former owner Le Tote's 2020 liquidation bankruptcy and relaunched by new owner, Saadia Group, as ... department store chain in January 2012, and later sold it to clothing rental company Le Tote in August 2019. HBC retained ownership of the commercial properties, and expressed initial plans to maintain Lord & Taylor operations with the real estate until at least 2021. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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