Strawbridge And Clothier
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Strawbridge And Clothier
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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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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Center City, Philadelphia
Center City includes the central business district and central neighborhoods of Philadelphia. It comprises the area that made up the City of Philadelphia prior to the Act of Consolidation, 1854, which extended the city borders to be coterminous with Philadelphia County. Greater Center City (defined from Girard Avenue to Tasker Street) has grown into the second-most densely populated downtown area in the United States, after Midtown Manhattan in New York City, with an estimated 202,100 residents in 2020 and a population density of 26,284 per square mile. Geography Boundaries Center City is bounded by South Street to the south, the Delaware River to the east, the Schuylkill River to the west, and Vine Street to the north. The district occupies the old boundaries of the City of Philadelphia before the city was made coterminous with Philadelphia County in 1854. The Center City District, which has special powers of taxation, has a complicated, irregularly shaped boundary that inc ...
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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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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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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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Ronald S
Ronald is a masculine given name derived from the Old Norse ''Rögnvaldr'', Hanks; Hardcastle; Hodges (2006) p. 234; Hanks; Hodges (2003) § Ronald. or possibly from Old English '' Regenweald''. In some cases ''Ronald'' is an Anglicised form of the Gaelic ''Raghnall'', a name likewise derived from ''Rögnvaldr''. The latter name is composed of the Old Norse elements ''regin'' ("advice", "decision") and ''valdr'' ("ruler"). ''Ronald'' was originally used in England and Scotland, where Scandinavian influences were once substantial, although now the name is common throughout the English-speaking world. A short form of ''Ronald'' is ''Ron''. Pet forms of ''Ronald'' include ''Roni'' and ''Ronnie''. ''Ronalda'' and ''Rhonda'' are feminine forms of ''Ronald''. '' Rhona'', a modern name apparently only dating back to the late nineteenth century, may have originated as a feminine form of ''Ronald''. Hanks; Hardcastle; Hodges (2006) pp. 230, 408; Hanks; Hodges (2003) § Rhona. The names ...
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Champs-Élysées
The Avenue des Champs-Élysées (, ; ) is an avenue in the 8th arrondissement of Paris, France, long and wide, running between the Place de la Concorde in the east and the Place Charles de Gaulle in the west, where the Arc de Triomphe is located. It is known for its theatres, cafés and luxury shops, as the finish of the Tour de France cycling race, as well as for its annual Bastille Day military parade. The name is French for the Elysian Fields, the place for dead heroes in Greek mythology. It is commonly regarded as the "most beautiful avenue in the whole world". Description The avenue runs for through the 8th arrondissement in northwestern Paris, from the Place de la Concorde in the east, with the Obelisk of Luxor, to the Place Charles de Gaulle (formerly the ''Place de l'Étoile'') in the west, location of the Arc de Triomphe. The Champs-Élysées forms part of the ''Axe historique''. The lower part of the Champs-Élysées, from the Place de la Concorde to the Ron ...
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Market East, Philadelphia, Pennsylvania
Market Street, originally known as High Street, is a major east–west street in Philadelphia. The street is signed as Pennsylvania Route 3 between 38th Street (U.S. Route 13) and 15th Street ( PA 611). A short portion of the road continues west from Cobbs Creek Parkway (63rd Street) to Delaware County, adjacent to Philadelphia. ‘High Street’ was the familiar name of the principal street in nearly every English town at the time Philadelphia was founded. But if Philadelphia was indebted to England for the name of High Street, nearly every American town is, in turn, indebted to Philadelphia for its Market Street. Long before the city was laid out or settled, Philadelphia's founder, William Penn, had planned that markets would be held regularly on the wide High Street. The city's first market stalls were situated in the center of the thoroughfare starting at Front Street and proceeding west eventually to 8th Street. The stalls soon became covered and were not taken down as pl ...
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Gimbels
Gimbel Brothers (known simply as Gimbels) was an American department store corporation that operated for over a century, from 1842 until 1987. Gimbel patriarch Adam Gimbel opened his first store in Vincennes, Indiana, in 1842. In 1887, the company moved its operations to the Gimbel Brothers Department Store in Milwaukee, Wisconsin. It became a chain when it opened a second, larger store in Philadelphia, Pennsylvania, in 1894, moving its headquarters there. At the urging of future company president Bernard Gimbel, grandson of the founder, the company expanded to New York City in 1910. The company is known for creating the oldest Thanksgiving parade, the Gimbels Thanksgiving Day Parade, originating in 1920 in Philadelphia. Gimbels was also considered the chief rival of Macy's with their feud popularized in American culture. As of 1930, Gimbels had grown to 20 stores, whose sales revenue made it the largest department store chain in the world. The company expanded to a peak of 53 s ...
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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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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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