Santa Maria Town Center
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Santa Maria Town Center
Santa Maria Town Center (also referred to as Town Center Mall) is an indoor shopping center located in Santa Maria, California. It is located on the junctions of Routes 135 (Broadway) and 166 (Main Street), and Cook Street and Miller Street. Anchored by Macy's and Edwards Theatres, Santa Maria Town Center is the only enclosed shopping center in Santa Barbara County, and is the largest in the Central Coast, totaling about in area. It is home to a mix of 69 stores and eateries totaling approximately of retail space, and features national retailers like Kay Jewelers, Bath & Body Works, Foot Locker, and GNC. The Town Center also features two three-level parking garages with 3,315 total parking spaces. History The Town Center Mall opened in 1976, with Gottschalks and Sears as its original anchors.Alternate Link
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Santa Maria, California
Santa Maria (Spanish language, Spanish for "Mary, mother of Jesus, St. Mary") is a city near the Central Coast (California), Central Coast of California in northern Santa Barbara County, California, Santa Barbara County. It is approximately northwest of Santa Barbara, California, Santa Barbara and northwest of downtown Los Angeles. Its population was 109,707 at the 2020 census, making it the most populous city in the county and the Santa Maria-Santa Barbara, CA Metro Area. The city is notable for its wine industry and Santa Maria-style barbecue. History The Santa Maria Valley, stretching from the Santa Lucia Mountains toward the Pacific Ocean, was the homeland of the Chumash people for several thousand years. The Native Americans in the United States, Native Americans made their homes on the slopes of the surrounding hills among the Quercus agrifolia, oaks, on the banks of the Santa Maria River among the Platanus racemosa, sycamores, and along the coast. They had unique pla ...
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Sears
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in Hof ...
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Transformco
Transform SR Brands LLC (trade name, doing business as Transformco, referred to as "New Sears") is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings, Sears Holdings Corporation. The new company is owned by ESL Investments. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion. On June 3, 2019, it was announced that Transformco would acquire Sears Hometown and Outlet Stores. As per deal, Sears Hometown might need to divest its Sears Outlet division to gain approval. History Fall of Sears Holdings On November 17, 2004, the management of Kmart Holding Corporation announced its intention to purchase Sears, Roebuck and Co. under a new corporation. Kmart previously emerged from Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection on May 6, 2003. The new corporation became known as Sears ...
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Sears Holdings
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. It was the 20th-largest retailing company in the United States in 2015. It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019. The new owner moved Sears assets to its newly formed subsidiary Transform Holdco LLC and after that, Sears Holdings Corporation was closed. History 2004–2005: Formation On November 17, 2004, the management of Kmart Holding Corporation announced its intention to purchase Sears, Roebuck and Co. under a new corporation. Kmart previously emerged from Chapter 11 bankruptcy protection on May 6, 2003. The new corporation became known as Sears Holdings Corporation, simply known as Sears Holdings. The new corporation announced that it would continue to operate stores under both the Sear ...
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Ice Skating Rink
An ice rink (or ice skating rink) is a frozen body of water and/or an artificial sheet of ice created using hardened chemicals where people can ice skate or play winter sports. Ice rinks are also used for exhibitions, contests and ice shows. The growth and increasing popularity of ice skating during the 1800s marked a rise in the deliberate construction of ice rinks in numerous areas of the world. The word "rink" is a word of Scottish origin meaning, "course" used to describe the ice surface used in the sport of curling, but was kept in use once the winter team sport of ice hockey became established. There are two types of ice rinks in prevalent use today: natural ice rinks, where freezing occurs from cold ambient temperatures, and artificial ice rinks (or mechanically frozen), where a coolant produces cold temperatures in the surface below the water, causing the water to freeze. There are also synthetic ice rinks where skating surfaces are made out of plastics. Besides rec ...
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Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent.Philip, Ken, and Kerin Kaminski''Secured Lender'', January/February 2007, Vol. 63 Issue 1, pages 30-34,36. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Receiverships can be broadly divided into two types: *Those related to insolvency or enforcement of a security interest. *Those where either **One is Incapable of ...
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Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ...
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Carousel
A carousel or carrousel (mainly North American English), merry-go-round (List of sovereign states, international), roundabout (British English), or hurdy-gurdy (an old term in Australian English, in South Australia, SA) is a type of amusement ride consisting of a rotation, rotating circular platform with seats for riders. The "seats" are traditionally in the form of rows of wooden horses or other animals mounted on posts, many of which are moved up and down by gears to simulate Horse gallop, galloping, to the accompaniment of Music loop, looped circus music. Carousels are commonly populated with horses, each horse weighing roughly 100 lbs (45 kg), but may include a variety of mounts, for example pigs, zebras, tigers, or mythological creatures such as dragons or unicorns. Sometimes, chair-like or bench-like seats are used, and occasionally mounts can be shaped like aeroplanes or cars. The names ''carousel'' and ''merry-go-round'' are also used, in varying dialects, to ...
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NewsBank
NewsBank is a news database resource that provides archives of media publications as reference materials to libraries. History John Naisbitt, the author of the book ''Megatrends'', founded NewsBank.Andrews 1998, p. 17. The company was launched in 1972. NewsBank was bought from Naisbitt by Daniel S. Jones, who subsequently became its president. Naisbitt left NewsBank in 1973.McClellan 1987, p. 87. In 1983, NewsBank acquired Readex. With the completion of the merger, NewsBank had acquired one of the earliest organizations in America to archive microform. In 1986, NewsBank had one hundred employees in-house. Another one hundred employees worked from home and traveled to the company's headquarters, bringing back newspapers to their residence from there, and then coming back to the company with indexed information on these publications. The company's headquarters in 1986 was in New Canaan, Connecticut.Andrews 1998, p. 18. Chris Andrews was brought on in 1986 as product manager for CD ...
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San Luis Obispo Tribune
''The Tribune'' is a daily broadsheet newspaper and news website that covers San Luis Obispo County, California. It was created in 1939 from a combination of three newspapers founded between 1869 and 1905, and was later acquired by the E. W. Scripps Company. Walter Murray led the establishment of ''The Tribune'' in the late 1860s, starting as the publication's editor and co-owner, with the first issue being printed on August 7, 1869. By 1886, the newspaper was produced above the Chicago Brewery Depot housed at the corner of Chorro and Monterey streets. In April 1939, it merged with the ''Telegram'', an anti-saloon newspaper in town, becoming the ''Telegram-Tribune''. The publication later moved from 1240 Morro Street to 1321 Johnson Avenue beginning in 1958, operating there for the next 35 years, before relocating once more to a new building, at 3825 S. Higuera Street, in 1993. Scripps traded the paper, along with ''The Monterey County Herald'', to Knight Ridder in 1997, in exc ...
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Robinsons-May
Robinsons-May was a chain of department stores operating in Southern California, Arizona and Nevada, from 1993 until 2006. It was created when May Department Stores combined two of its chains, May Company California and J. W. Robinson's chains. Its headquarters was at the former May Company California headquarters at its Laurel Plaza store in North Hollywood, Los Angeles. When Federated took over May Department Stores Company on August 30, 2005, Robinsons-May was dissolved, with some stores becoming branches of Macy's, while others were closed, sold, or transformed into branches of Bloomingdale's. Robinsons-May had 45 stores. History May Company and JW Robinson's The double-barreled Robinsons-May name was created in 1993 when the former May Company California was consolidated with their corporate sibling JW Robinson's. May Department Stores had acquired Robinson's with its 1986 acquisition of Associated Dry Goods Corp. J. W. Robinson's had been acquired by Associated Dry Go ...
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May Company California
May Company California was a chain of department stores operating in Southern California and Nevada, with headquarters in North Hollywood, California. It was a subsidiary of May Department Stores and merged with May's other Southern California subsidiary, J. W. Robinson's, in 1993 to form Robinsons-May. May Company California was established in 1923 when May acquired A. Hamburger & Sons Inc.. (founded in 1881 by Asher Hamburger). The company operated exclusively in Southern California until 1989 when May Department Stores had dissolved Goldwater's, based in Scottsdale, Arizona, and transferred its Las Vegas, Nevada store to May Company California. Two well-known stores were the flagship Downtown store on 8th Street between Broadway and Hill streets, and the May Company Wilshire at Wilshire Boulevard and Fairfax Avenue. The 1926 garage building at 9th and Hill Streets was one of the nation's first parking structures (Los Angeles Historic-Cultural Monument No. 1001). The Wil ...
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