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Strawbridge's
Strawbridge's, formerly Strawbridge & Clothier, was a department store in the northeastern United States, with stores in Pennsylvania, New Jersey, and Delaware. The Center City Philadelphia flagship store was, in its day, a gracious urban emporium. The retailer started adding branch stores starting in the 1930s and, by their zenith in the 1980s, enjoyed annual sales of over a billion dollars"Philadelphia Keeps Strawbridge Name But Loses Retail Tradition." ''The New York Times'' (July 22, 1996) By the 1990s, Strawbridge's became part of the May Department Stores conglomerate until May's acquisition by Federated Department Stores on August 30, 2005. May operated the Strawbridge's stores under the Northern Virginia-based Hecht's Department Store division. On February 1, 2006, the former May Company divisions were all dissolved, and operating control of the remaining Strawbridge's stores was assumed by Macy's East. Macy's closed Strawbridge's flagship Center City store on May 23, 200 ...
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The Gallery At Market East
Fashion District Philadelphia is a shopping mall in Philadelphia, Pennsylvania, United States, located in Center City along Market Street. It opened in 2019 on the site of a previous mall known as The Gallery and later renamed The Gallery at Market East. The mall was envisioned to fill that "void" that even smaller cities have, to sell items to the Center City market that had previously only been available elsewhere. The Fashion District Philadelphia currently has Burlington, Primark, AMC Theatres, and Round One Entertainment as anchors. History Prior to the Fashion District Philadelphia, the space originally opened in 1977 as The Gallery. It was later expanded with the construction of The Gallery II in the early 1980s. The Pennsylvania Real Estate Investment Trust (PREIT) acquired The Gallery in April 2003 from The Rouse Company and Gallery II in the third fiscal quarter of 2004 from the state's Public School Employees' Retirement System. The total complex measures approxima ...
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Macy's
Macy's (originally R. H. Macy & Co.) is an American chain of high-end department stores founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. Macy's as of October 29, 2022, has 510 stores (569 boxes), inclusive of 445 department stores (499 boxes; includes 51 stores or 55 boxes that are neighborhood stores), 46 furniture galleries (51 boxes), 1 furniture clearance center, 9 freestanding Backstage stores, 7 Market by Macy's and 2 stores converted to fulfillment centers (there are a total of 506 full line stores and a total of 551 stores) with the Macy's nameplate in operation throughout the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan. The com ...
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Macy's East
Macy's East, New York City, New York was a division of Macy's, Inc. It was the operating successor to the original R.H. Macy & Co., Inc. and operates the Macy's department stores in the northeast U.S. and Puerto Rico. Over the years it has been known as Macy's New York and Macy's Northeast. On February 1, 2006, Macy's East assumed operating control over the Filene's, Strawbridge's, many of the Kaufmann's stores in upstate New York and the Hecht's stores in Pennsylvania, Maryland, D.C. and northern Virginia. These locations assumed the Macy's moniker officially on September 9, 2006. In 2008, Macy's East merged with Macy's North. On February 2, 2009, Macy's Inc. announced plans to consolidate all Macy's divisions into a single division based in New York. Then Macy's West was also consolidated into Macy's East during the second quarter of 2009.Macy's West Macy's East was then merged into Macy's Inc. Macy's East predecessors * Gertz Co., Jamaica, New York, merged into Stern's 1 ...
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Macy's, Inc
Macy's, Inc. (originally Federated Department Stores, Inc.) is an American Conglomerate (company), conglomerate holding company. Upon its establishment, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus (department store), Lazarus, Filene's, and John Shillito Company, Shillito's. Bloomingdale's joined Federated Department Stores the following year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over the department store chain Macy's. With the acquisition of The May Department Stores Company in 2005, the regional nameplates were retired and replaced by the Macy's and Bloomingdale's brands nationwide by 2006. Ultimately, Federated itself was renamed Macy's, Inc. in 2007. Macy's, Inc., has been headquartered within Macy's Herald Square in New York City since 2020; beforehand, its headquarters was in Cincinnati, Ohio. While Federated had a long histor ...
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Hecht's
Hecht's, also known as Hecht Brothers, Hecht Bros. and the Hecht Company, was a large chain of department stores that operated mainly in the mid-Atlantic and southern region of the United States. The firm originated in Baltimore, Maryland. By 2005, Hecht's had some 81 stores in 19 markets in Maryland, the District of Columbia, Virginia, North Carolina, Tennessee, Delaware, New Jersey, and Pennsylvania. Its locations in New Jersey, Delaware, and the majority of those in Pennsylvania were operated under the name of Strawbridge's. Hecht's administrative office was in Arlington, Virginia. Hecht's was founded and was operated for over a century (1857–1959) as a family firm. It was purchased in 1959 by The May Department Stores Company which in turn, was acquired by Federated Department Stores on August 30, 2005. On February 1, 2006, Federated dissolved the former May Company divisions, and the existing Hecht's stores were divided between Macy's East and Macy's South, with stores in ...
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Wanamaker's
John Wanamaker Department Store was one of the first department stores in the United States. Founded by John Wanamaker in Philadelphia, it was influential in the development of the retail industry including as the first store to use price tags. At its zenith in the early 20th century, Wanamaker's also had a store in New York City at Broadway and Ninth Street. Both employed extremely large staffs. By the end of the 20th century, there were 16 Wanamaker's outlets, but after years of change the chain was bought by Albert Taubman, and added to his previous purchase of Woodward & Lothrop, the Washington, D.C., department store. In 1994, Woodies, as it was known, filed for bankruptcy. The assets of Woodies were purchased by the May Company Department Stores and JCPenney. In 1995, Wanamaker's transitioned to Hecht's, one of the May Company brands. In 2006, Macy's Center City became the occupant of the former Philadelphia Wanamaker's Department Store, which is now a National Historic ...
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Hecht's Department Store
Hecht's, also known as Hecht Brothers, Hecht Bros. and the Hecht Company, was a large chain of department stores that operated mainly in the mid-Atlantic and southern region of the United States. The firm originated in Baltimore, Maryland. By 2005, Hecht's had some 81 stores in 19 markets in Maryland, the District of Columbia, Virginia, North Carolina, Tennessee, Delaware, New Jersey, and Pennsylvania. Its locations in New Jersey, Delaware, and the majority of those in Pennsylvania were operated under the name of Strawbridge's. Hecht's administrative office was in Arlington, Virginia. Hecht's was founded and was operated for over a century (1857–1959) as a family firm. It was purchased in 1959 by The May Department Stores Company which in turn, was acquired by Federated Department Stores on August 30, 2005. On February 1, 2006, Federated dissolved the former May Company divisions, and the existing Hecht's stores were divided between Macy's East and Macy's South, with stores in ...
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Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Since 1854, the city has been coextensive with Philadelphia County, the most populous county in Pennsylvania and the urban core of the Delaware Valley, the nation's seventh-largest and one of world's largest metropolitan regions, with 6.245 million residents . The city's population at the 2020 census was 1,603,797, and over 56 million people live within of Philadelphia. Philadelphia was founded in 1682 by William Penn, an English Quaker. The city served as capital of the Pennsylvania Colony during the British colonial era and went on to play a historic and vital role as the central meeting place for the nation's founding fathers whose plans and actions in Philadelphia ultimately inspired the American Revolution and the nation's inde ...
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Philadelphia Daily News
''Philadelphia Daily News'' is a tabloid newspaper that serves Philadelphia, Pennsylvania. The newspaper is owned by The Philadelphia Inquirer, LLC, which also owns Philadelphia's other major newspaper ''The Philadelphia Inquirer''. The ''Daily News'' began publishing on March 31, 1925, under founding editor Lee Ellmaker. By 1930, the newspaper's circulation exceeded 200,000, but by the 1950s the news paper was losing money. In 1954, the newspaper was sold to Matthew McCloskey and then sold again in 1957 to publisher Walter Annenberg. In 1969, Annenberg sold the ''Daily News'' to Knight Ridder. In 2006 Knight Ridder sold the paper to a group of local investors. The ''Daily News'' has won the Pulitzer Prize three times. History ''Philadelphia Daily News'' began publishing on March 31, 1925, under founding editor Lee Ellmaker. In its early years, it was dominated by crime stories, sports and sensationalism. By 1930, daily circulation of the morning paper exceeded 200,000. Cir ...
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May Department Stores Company
The May Department Stores Company was an American department store holding company, formerly headquartered in downtown St. Louis, Missouri. It was founded in Leadville, Colorado, by David May in 1877, moving to St. Louis in 1905. After many changes in the retail industry, the company merged with Federated Department Stores (now Macy's, Inc.) in 2005. This company was only a holding company that bought, sold, and merged regional department stores, such as Foley's and L.S. Ayres. During most of its history, the operations of the various divisions were kept separate and had their own buyers and credit cards. The latter were not accepted at other May-owned stores. At times, two different May stores operated in the same geographical market, but they were aimed at different customers. Most decisions for each of the regional store companies were made by management at the local headquarters and not by the holding company in St. Louis. Some of the regional stores shared names that were ...
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May Department Stores
The May Department Stores Company was an American department store holding company, formerly headquartered in downtown St. Louis, Missouri. It was founded in Leadville, Colorado, by David May in 1877, moving to St. Louis in 1905. After many changes in the retail industry, the company merged with Federated Department Stores (now Macy's, Inc.) in 2005. This company was only a holding company that bought, sold, and merged regional department stores, such as Foley's and L.S. Ayres. During most of its history, the operations of the various divisions were kept separate and had their own buyers and credit cards. The latter were not accepted at other May-owned stores. At times, two different May stores operated in the same geographical market, but they were aimed at different customers. Most decisions for each of the regional store companies were made by management at the local headquarters and not by the holding company in St. Louis. Some of the regional stores shared names that were ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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