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Supermarkets General Corporation
Pathmark is a supermarket brand owned by Allegiance Retail Services, a retailers’ cooperative based in Iselin, New Jersey, USA. Pathmark currently has one location in East Flatbush, Brooklyn, New York, which it has operated since 2019. From 1968 until 2015, Pathmark operated a chain of supermarkets throughout the northeastern United States. The chain was founded by Supermarkets General, which previously operated ShopRite stores as a member of the Wakefern cooperative and chose to go into business for itself as a direct competitor. The company would eventually take the Pathmark name and would later be purchased by competing supermarket chain A&P in 2007. Before its initial closure, Pathmark previously operated stores in New York, New Jersey, Connecticut, Pennsylvania, Delaware, and Maryland. In 2007, ''Supermarket News'' ranked Pathmark No. 31 in its annual "Top 75 North American Food Retailers" based on Pathmark's 2006 estimated sales of $4.1 billion.
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Union Township, Union County, New Jersey
Union Township is a township in Union County, New Jersey, United States. In the 18th century, the area that is now Union was then called Connecticut Farms. As of the 2020 United States Census, the township population was 59,728, the highest recorded in any decennial census, reflecting an increase of 3,086 (+5.4%) from the 56,642 counted in the 2010 Census. History Settled in 1667, Union was the third English speaking settlement in New Jersey after Elizabeth and Newark, with the area that is now Union then called Connecticut Farms. Union Township was the site of the Battle of Connecticut Farms. On June 6, 1780, British troops, led by Hessian General Wilhelm von Knyphausen, boarded boats on Staten Island bound for Elizabeth, New Jersey. At midnight, 5,000 troops started to land. They expected the Continental Army to give little resistance, believing that they were tired of the war and were poorly fed and paid. They also expected the citizens of New Jersey to welcome them. They w ...
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Chinatown
A Chinatown () is an ethnic enclave of Chinese people located outside Greater China, most often in an urban setting. Areas known as "Chinatown" exist throughout the world, including Europe, North America, South America, Asia, Africa and Australasia. The development of most Chinatowns typically resulted from mass migration to an area without any or with very few Chinese residents. Binondo in Manila, established in 1594, is recognized as the world's oldest Chinatown. Notable early examples outside Asia include San Francisco's Chinatown, San Francisco, Chinatown in the United States and Melbourne's Chinatown, Melbourne, Chinatown in Australia, which were founded in the mid-19th century during the California Gold Rush, California and Victorian gold rush, Victoria gold rushes, respectively. A more modern example, in Montville, Connecticut, was caused by the displacement of Chinese workers in the Chinatown, Manhattan, Manhattan Chinatown following the September 11th attacks in 2001. ...
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Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of ...
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Barnes & Noble
Barnes & Noble Booksellers is an American bookseller. It is a Fortune 1000 company and the bookseller with the largest number of retail outlets in the United States. As of July 7, 2020, the company operates 614 retail stores across all 50 U.S. states. Barnes & Noble operates mainly through its Barnes & Noble Booksellers chain of bookstores. The company's headquarters are at 33 E. 17th Street on Union Square in New York City. After a series of mergers and bankruptcies in the American bookstore industry since the 1990s, Barnes & Noble stands alone as the United States' largest national bookstore chain. Previously, Barnes & Noble operated the chain of small B. Dalton Bookseller stores in malls until they announced the liquidation of the chain. The company was also one of the nation's largest manager of college textbook stores located on or near many college campuses when that division was spun off as a separate public company called Barnes & Noble Education in 2015. During the ...
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Louis Lowenstein (lawyer)
Louis Lowenstein (June 13, 1925 – April 18, 2009) was an American attorney. He was a founding partner of Kramer Levin (at the time known as ''Kramer, Lowenstein, Nessen & Kamin'') now one of New York City's corporate law firms; president of Supermarkets General, a supermarket conglomerate whose operating subsidiary was known as Pathmark; professor at Columbia University School of Law; and a leading critic of the U.S. financial industry. He graduated with a B.S.from Columbia Business School in 1947, and a LL.B. from Columbia Law School in 1953. He was the author of several books, including: * ''What’s Wrong With Wall Street: Short Term Gain and the Absentee Shareholder'', Addison-Wesley, 1988 * ''Sense and Nonsense in Corporate Finance'', 1991 * ''The Investor’s Dilemma: How Mutual Funds Are Betraying Your Trust and What to Do About It'', Wiley, 2008 He also coedited and contributed to ''Knights, Raiders, and Targets: The Impact of the Hostile Takeover'', published b ...
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New York Metropolitan Area
The New York metropolitan area, also commonly referred to as the Tri-State area, is the largest metropolitan area in the world by urban area, urban landmass, at , and one of the list of most populous metropolitan areas, most populous urban agglomerations in the world. The vast metropolitan area includes New York City, Long Island, the Mid and Lower Hudson Valley in the State of New York; the six largest cities in New Jersey: Newark, New Jersey, Newark, Jersey City, New Jersey, Jersey City, Paterson, New Jersey, Paterson, Elizabeth, New Jersey, Elizabeth, Lakewood, New Jersey, Lakewood, and Edison, New Jersey, Edison, and their vicinities; and six of the seven largest cities in Connecticut: Bridgeport, Connecticut, Bridgeport, Stamford, Connecticut, Stamford, New Haven, Connecticut, New Haven, Waterbury, Connecticut, Waterbury, Norwalk, Connecticut, Norwalk, and Danbury, Connecticut, Danbury, and the vicinities of these cities. The New York metropolitan area comprises the geograp ...
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Economic Stagnation
Economic stagnation is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment. Under some definitions, "slow" means significantly slower than potential growth as estimated by macroeconomists, even though the growth rate may be nominally higher than in other countries not experiencing economic stagnation. Secular stagnation theory The term "secular stagnation" was originally coined by Alvin Hansen in 1938 to "describe what he feared was the fate of the American economy following the Great Depression of the early 1930s: a check to economic progress as investment opportunities were stunted by the closing of the frontier and the collapse of immigration". Warnings similar to secular stagnation theory have been issued after all deep recessions, but they usually turned out to be wrong because they underestimated the potential of existing technologies.Pagano and Sbracia (2014"The secular stagnation hypo ...
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Teamsters
The International Brotherhood of Teamsters (IBT), also known as the Teamsters Union, is a labor union in the United States and Canada. Formed in 1903 by the merger of The Team Drivers International Union and The Teamsters National Union, the union now represents a diverse membership of blue-collar and professional workers in both the public and private sectors. The union has approximately 1.3 million members as of 2015. Formerly known as the International Brotherhood of Teamsters, Chauffeurs, Warehousemen and Helpers of America, the IBT is a member of the Strategic Organizing Center and Canadian Labour Congress. History Early history The American Federation of Labor (AFL) had helped form local unions of teamsters since 1887. In November 1898, the AFL organized the Team Drivers' International Union (TDIU).Sloane, ''Hoffa,'' 1991.Taft, ''The A.F. of L. in the Time of Gompers,'' 1957. In 1901, a group of teamsters in Chicago, Illinois, broke from the TDIU and formed the Teamste ...
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California Legislature
The California State Legislature is a bicameral state legislature consisting of a lower house, the California State Assembly, with 80 members; and an upper house, the California State Senate, with 40 members. Both houses of the Legislature convene at the California State Capitol in Sacramento. The California state legislature is one of just ten full-time state legislatures in the United States. The houses are distinguished by the colors of the carpet and trim of each house. The Senate is distinguished by red and the Assembly by the color green, inspired by the House of Lords and House of Commons respectively. The Democratic Party currently holds veto-proof supermajorities in both houses of the California State Legislature. The Assembly consists of 60 Democrats and 19 Republicans, with one independent, while the Senate is composed of 31 Democrats and 9 Republicans. Except for a brief period from 1995 to 1996, the Assembly has been in Democratic hands since the 1970 el ...
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United Farm Workers
The United Farm Workers of America, or more commonly just United Farm Workers (UFW), is a labor union for farmworkers in the United States. It originated from the merger of two workers' rights organizations, the Agricultural Workers Organizing Committee (AWOC) led by organizer Larry Itliong, and the National Farm Workers Association (NFWA) led by César Chávez and Dolores Huerta. They became allied and transformed from workers' rights organizations into a union as a result of a series of strikes in 1965, when the mostly Filipino farmworkers of the AWOC in Delano, California, initiated a grape strike, and the NFWA went on strike in support. As a result of the commonality in goals and methods, the NFWA and the AWOC formed the United Farm Workers Organizing Committee on August 22, 1966. This organization was accepted into the AFL–CIO in 1972 and changed its name to the United Farm Workers Union. History Founding of the UFW Dolores Huerta grew up in Stockton, California, i ...
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Point Of Sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but can also be dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are available. ...
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