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South Mall
The South Mall is an enclosed shopping mall located on Lehigh Street south of Interstate 78 exit 57 near Allentown's southern border with Salisbury Township and Emmaus in the Lehigh Valley region of eastern Pennsylvania. History 1970s and 1980s Hess's South, an early satellite location of the Hess's downtown Allentown department store, opened at the site of the mall in 1971. Hess's built a modest enclosed mall on the north side of the department store in 1975, adding a Weis Markets location and several specialty shops. In 1979, Hess's, which developed and owned South Mall and operated its largest tenant, was bought by Crown American, a Johnstown-based commercial real estate company, and the transaction included South Mall. Crown American doubled the size of South Mall in a 1986-1987 expansion that added a new section of enclosed mall on the southern side of Hess's South. In November 1986, discount retailer Jamesway opened its 100th store at the South Mall to anchor the ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allentown, Pennsylvania
Allentown ( Pennsylvania Dutch: ''Allenschteddel'', ''Allenschtadt'', or ''Ellsdaun'') is a city in Lehigh County, Pennsylvania. The city has a population of 125,845 as of the 2020 census. It is the fastest-growing major city in Pennsylvania and the state's third largest city, behind Philadelphia and Pittsburgh. It is the largest city in both Lehigh County and the Lehigh Valley, which had a population of 861,899 and was the 68th most populous metropolitan area in the U.S. as of 2020. Allentown was founded in 1762 and is the county seat of Lehigh County. Located on the Lehigh River, a tributary of the Delaware River, Allentown is the largest of three adjacent cities, along with Bethlehem and Easton, in Lehigh and Northampton counties that form the Lehigh Valley region of eastern Pennsylvania. Allentown is located north of Philadelphia and west of New York City. History Origins In the early 1700s, the area that is now Allentown and Lehigh County was a wilderness o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phar-Mor
Phar-Mor (stylized as PHA℞-MOR) was a United States chain of discount drug stores, based in Youngstown, Ohio, and founded by Michael "Mickey" Monus and David Shapira in 1982. Some of its stores used the names Pharmhouse and Rx Place (purchased in the mid-1990s from the F.W. Woolworth Company). Low prices were advertised to bring in a large volume of sales with the slogans "Phar-Mor power buying gives you Phar-Mor buying power" and "Phar-Mor For Less." Another common slogan in their TV commercials was "Power buying saves: Save at Phar-Mor." In 1996, the Green Bay, Wisconsin-based regional discount store chain ShopKo announced a plan to merge with Phar-Mor, but withdrew from the plan a year later, citing irreconcilable differences. Business model Phar-Mor's business model was based on selling a large quantity of merchandise with a very small profit margin. Many products were shipped via direct store delivery, but some were shipped through Tamco warehouses, which Phar-Mor l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT include ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers mostly in the Mid-Atlantic states. History The company was founded by Sylvan M. Cohen in 1960 as one of the first equity REITs. In 1997, the company acquired the Rubin Organization for $260 million. In 2001, founder Sylvan Cohen died. In 2003, the company acquired 6 shopping malls from The Rouse Company. The company also acquired Crown American. In 2006, the company acquired Woodland Mall for $177.4 million. In 2012, Joseph Coradino was named chief executive officer of the company. In 2013, the company sold Christiana Center and Commons at Magnolia for $87.3 million. In 2014, the company acquired a building in Philadelphia. In 2015, the company acquired Springfield Town Center for $465 million from Vornado Realty Trust. In 2016, the company sold 4 malls for $93 million. In 2019, the company turned Wyoming Valley Mall Wyoming Valley Mall is a shopping ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steve & Barry's
Steve & Barry's was an American retail clothing chain, featuring casual clothing, footwear and accessories. By mid-2008, the chain operated 276 stores in 39 states. The company was headquartered in Port Washington, New York. The company liquidated all of its stores throughout 2008 and 2009. The chain's origin was based on various university campuses across the United States. Until 2007, it was called Steve & Barry's University Sportswear, and the chain specialized in college-related clothing and private-label casual clothing. The chain dropped the "University Sportswear" tagline after securing licensing agreements with several celebrities to develop and distribute private-label lines of clothing designed or inspired by each of them, in an attempt to expand the chain's customer base. History Founded by Steven Shore and Barry Prevor at the University of Pennsylvania in 1985 while Prevor was an undergraduate student, Steve & Barry's became a local popular destination due to it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania Liquor Control Board
The Pennsylvania Liquor Control Board (PLCB) is an independent government agency that manages the beverage alcohol industry in Pennsylvania by administering the Pennsylvania Liquor Code. It is responsible for licensing the possession, sale, storage, transportation, importation and manufacture of wine, spirits and malt or brewed beverages in the commonwealth, as well as operating a system of liquor distribution (retailing) and providing education about the harmful effects of underage and dangerous drinking. Summary The Pennsylvania Liquor Control Board was established in conjunction with the 21st Amendment and the repeal of prohibition. In 1933, just four days before the sale of alcohol became legal in Pennsylvania, the Board was officially organized. Governor Gifford Pinchot is often inaccurately quoted as having stated that the purpose of the Board was to "discourage the purchase of alcoholic beverages by making it as inconvenient and expensive as possible," (probably becaus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blick Art Materials
Blick Art Materials is a family-owned retailer and catalog art supply business. Established as a mail order business by Dick Blick in 1911 and purchased by Robert Metzenberg in 1947, it is one of the oldest and largest art materials suppliers in the United States, as well as a primary supplier of mail order art supplies. Background One of the primary suppliers of art supplies in the United States, Blick Art Materials offers over 90,000 products, including 8,000 sold under the Blick brand name, such as paints, brushes, canvas, artist papers, pastels, pencils, and markers. Blick's Utrecht brand products include handcrafted paints, mediums, and brushes. The company operates more than 65 retail stores in the United States, including 11 purchased from The Art Store in 2004, and 45 acquired in 2013 from Utrecht Art Supply. Each store hires about 20 people, mostly artists. The company's home office is in Highland Park, Illinois, and it operates three distribution centers, two in Ga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mattress Firm
Mattress Firm Inc. is an American mattress store chain founded on July 4, 1986. The headquarters of the company is located in Houston, Texas. Business Before its bankruptcy in 2018, the company operated over 3,600 locations in 48 U.S. states. Mattress Firm has been owned by Steinhoff Holdings since 2016. On October 5, 2018, Mattress Firm filed for Chapter 11 bankruptcy. The company planned to break 700 lease contracts by closing 200 unprofitable stores as soon as possible and was considering closing the other 500 stores out of the more than 3,300 it operated at that time. In November 2018, Mattress Firm emerged from Chapter 11 bankruptcy. In 2019, Mattress Firm appointed John Eck as CEO. In March 2020, Mattress Firm was one of several retailers to announce they would not pay some or all of their rent in April. Acquisitions Mattress Pro In 2007, Mattress Firm acquired the mattress retailer Mattress Pro, which operated locations in the Southern United States (Texas & Nevada ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petco
Petco Health and Wellness Company, Inc. is an American pet retailer with corporate offices in San Diego and San Antonio. Petco sells pet food, products, and services, as well as certain types of live small animals. Founded in 1965 as a mail-order veterinary supply company in California, it grew into a pet food and supplies chain. Acquired by The Spectrum Group, Inc. and the Thomas H. Lee Company in 1988, it went public on the NASDAQ in 1994. It was subsequently bought by Leonard Green & Partners and Texas Pacific Group in 2000. In 2016 Petco was sold to CVC Capital Partners and the Canada Pension Plan Investment Board, who retained control when Petco held its third IPO in January 2021. As of 2021, the company has approximately 1,500 Petco stores across the United States, Mexico, and Puerto Rico. Stores sell pet food, pet supplies, small animals, and fish. Some stores offer services such as obedience training, dog grooming, pet vaccinations, and veterinary care, while also hos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Staples Inc
Staples Inc. is an American retail company headquartered in Framingham, Massachusetts, that offers products and services designed to support working and learning. The company opened its first store in Brighton, Massachusetts on May 1, 1986. By 1996, it had reached the Fortune 500, and it later acquired the office supplies company Quill Corporation. In 2014, in the wake of increasing competition from e-commerce market, Staples began to close some of its locations. In 2015, Staples announced its intent to acquire Office Depot and OfficeMax. However, the purchase was blocked under antitrust grounds due to the consolidation that would result. After the failed acquisition, Staples began to refocus its operations to downplay its brick-and-mortar outlets, and place more prominence on its B2B supply business. In 2017, after its sale to Sycamore Partners, the company was effectively split into three "independently managed and capitalized" entities sharing the Staples name, separati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ross Stores
Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores headquartered in Dublin, California. It is the largest off-price retailer in the U.S.; as of 2018, Ross operates 1,483 stores in 37 U.S. states, the District of Columbia and Guam, covering much of the country, but with no presence in New York, northern New Jersey, Alaska, Puerto Rico, and areas of the Midwest. History Ross Department Store was first opened in San Bruno, California, in 1950 by Morris "Morrie" Ross. Morris would work 85 hours a week doing all of the buying and bookkeeping for his department store. In 1958 Ross sold his store to William Isackson to become a residential and commercial real estate developer. Isackson built the company to six stores, located in San Bruno, Pacifica, Novato, Vacaville, Redwood City, and Castro Valley. In 1982 a group of investors, including Mervin Morris, founder of the Mervyn's chain of department stores, purchased ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
