The Avenues (shopping Mall)
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The Avenues (shopping Mall)
The Avenues (also referred to and often known as Avenues Mall) is a two-level regional shopping mall located on the southside of Jacksonville, Florida, and opened in 1990 on the Interstate 95 corridor, and is off exit 339 at the intersection of U.S. 1 (Philips Highway) and Southside Boulevard. The mall, managed by Simon Property Group, which manages 25% of it, has a parking deck on the northwestern side. Its anchor stores are Belk, Dillard's, Forever 21, and JCPenney. Other stores located at the mall include Aldo, H&M, LOFT, BoxLunch, Build-A-Bear Workshop, MAC, LUSH Fresh Handmade Cosmetics, Pandora, and Le Macaron French Pastries. History The mall opened on September 26, 1990 with JCPenney, Maison Blanche (originally slated to open as May-Cohen's/May Florida), and Sears, followed by the opening of Dillard's (first proposed as Ivey's, which was purchased on June 4) in 1991, along with another at Cool Springs Galleria. Furthermore, Parisian was dedicated in 1994 ...
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Jacksonville, Florida
Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the largest city by area in the contiguous United States as of 2020. It is the seat of Duval County, with which the city government consolidated in 1968. Consolidation gave Jacksonville its great size and placed most of its metropolitan population within the city limits. As of 2020, Jacksonville's population is 949,611, making it the 12th most populous city in the U.S., the most populous city in the Southeast, and the most populous city in the South outside of the state of Texas. With a population of 1,733,937, the Jacksonville metropolitan area ranks as Florida's fourth-largest metropolitan region. Jacksonville straddles the St. Johns River in the First Coast region of northeastern Florida, about south of the Georgia state line ( to the urban core/downtown) and north of Miami. The Jacksonville Beaches communities are along the adjacent Atlantic ...
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Pandora (jewelry)
Pandora A/S (often styled PANDORA) is a Danish jewellery manufacturer and retailer founded in 1982 by Per Enevoldsen. The company started as a family-run jewellery shop in Copenhagen. Pandora is known for its customizable charm bracelets, designer rings, earrings, necklaces and (now discontinued) watches. The company has a production site in Thailand and markets its products in more than 100 countries on six continents with more than 6,700 points of sale. History Pandora was founded in 1982 by Danish goldsmith Per Enevoldsen and, his then-wife, Winnie Enevoldsen. The pair began on a small scale by importing jewellery from Thailand and selling to consumers. In 1987, the company ended its retail operations and became a pure wholesaler; two years later Enevoldsen hired in-house designers and established a manufacturing site in Thailand, where it is still located. With low production costs and an efficient supply chain, the Enevoldsens could provide affordable, hand-finished jewe ...
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Banana Republic
In political science, the term banana republic describes a politically unstable country with an economy dependent upon the export of natural resources. In 1904, the American author O. Henry coined the term to describe Honduras and neighboring countries under economic exploitation by U.S. corporations, such as the United Fruit Company (now Chiquita Brands International). Typically, a banana republic has a society of extremely stratified social classes, usually a large impoverished working class and a ruling class plutocracy, composed of the business, political, and military elites. The ruling class controls the primary sector of the economy by way of the exploitation of labor; thus, the term ''banana republic'' is a pejorative descriptor for a servile oligarchy that abets and supports, for kickbacks, the exploitation of large-scale plantation agriculture, especially banana cultivation. A banana republic is a country with an economy of state capitalism, whereby the country is ...
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Gap Inc
The Gap, Inc., commonly known as Gap Inc. or Gap (stylized as GAP), is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap (the namesake banner), Banana Republic, Old Navy, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M. As of September 2008, the company has approximately 135,000 employees and operates 3,727 stores worldwide, of which 2,406 are located in the U.S. The Fisher family remains deeply involved in the company, collectively owning much of its stock. Donald Fisher served as chairman of the board until 2004, playing a role in the ouster of then-CEO Millard Drexler in 2002, and remained on the board until his death on September 27, 2009. Fisher's wife and their son, Robert J. Fisher, also serve on Gap's ...
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Retail Apocalypse
A retail apocalypse is the closing of numerous brick-and-mortar retail stores, especially those of large chains worldwide. It began around 2010, and was severely exacerbated by the mandatory closures during the COVID-19 pandemic. In 2017, over 12,000 physical stores closed due to factors including over-expansion of malls, rising rents, bankruptcies, leveraged buyouts, low quarterly profits outside holiday binge spending, delayed effects of the Great Recession, and changes in spending habits. American consumers have shifted their purchasing habits due to various factors, including experience-spending versus material goods and homes, casual fashion in relaxed dress codes, as well as the rise of e-commerce, mostly in the form of competition from juggernaut companies such as Amazon.com and Walmart. A 2017 ''Business Insider'' report dubbed this phenomenon the "Amazon effect," and calculated that Amazon.com was generating greater than 50% of the growth of retail sales. Dissenting ...
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Saks Incorporated
Saks, Inc. (originally Proffitt's, Inc.) was an American holding company founded in 1919. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of department store chains including New York City-based Saks Fifth Avenue (1998–2013) and Tennessee-based Proffitt's (1919–2005). It acquired several mid-range department store chains in the 1990s, however, refocused on upscale retailing and divested of them in the mid-2000s. HBC maintains the Saks Fifth Avenue nameplate through the full-line department stores, Saks Off 5th off-price stores, and SaksWorks coworking space provider. Operations during 20th century Proffitt's Inc. began as five Proffitt's stores in the Knoxville, Tennessee, metropolitan area. After going public under the symbol PRFT on the NASDAQ stock exchange in 1987, Proffitt's Inc. grew by acquiring several department stores. In 1989 the company purchased 18 Hess's locations in Tennessee, Virginia, Kentucky, and Georg ...
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Gayfers
Gayfer's was a regional department store chain in the southern United States. Based in Mobile, Alabama, the chain of stores operated from 1879 until 1998 when it was taken over by Dillard's. History C.J. Gayfer migrated to Mobile, Alabama, from Southwold, England, sometime after the Civil War. He opened a retail department store, Gayfer's, in downtown Mobile in 1879. At the time of his death in 1915, Gayfer's employed 150 people and averaged over $500,000 in annual sales. Gayfer became well known for his philanthropy and was one of the earliest proponents of employee health care benefits. During the 1950s, the Mercantile Stores chain acquired Gayfer's, which then worked aggressively on the expansion of the chain. The first branch store was opened at Town & Country Plaza in Pensacola, Florida, in 1956. This successful move was followed four years later with the opening of the Springdale Plaza store in Mobile, Alabama, becoming the company's flagship store. The Downtown Mobil ...
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Seminole Towne Center
Seminole Towne Center is a super-regional enclosed mall located in Sanford, Florida, north of Orlando at the intersection of I-4 and SR 417. It has of gross leasable space. Current anchors are JCPenney, Dillard's, Dick's Sporting Goods, & Elev8 Fun, With 2 vacant anchors which are the former Macy's & Burlington History The mall opened in 1995 with Dillard's, JCPenney, Sears, Burdines, and Parisian (became McRae's in 2004 and Belk in 2006 instead of becoming Belk in 2007 like most of the other Parisian stores including The Avenues). Following that store's closure in 2010, the space is now Burlington (Closed in 2022) and Dick's Sporting Goods since 2012. Dillard's also opened a store at Pembroke Lakes Mall by the time of the mall's opening, while Parisian opened another Florida store at The Avenues a year before. Ivey's (who also wanted to open at The Avenues and The Florida Mall) and Maison Blanche (which was to build stores at Westfield Brandon and Westfield Citrus Park) have ...
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Parisian (department Store Chain)
Parisian Inc. (, ) was an American chain of department stores founded and headquartered in Birmingham, Alabama. Competing mainly in the established Southeastern US market through the 1980s against Nordstrom, Neiman Marcus, and Gus Mayer, Parisian underwent a series of restructurings and mergers during its 130-year history, and was taken over by Proffitt’s, Inc. in 1996. In September 2006, Belk purchased the Parisian department store properties from Saks for $285 million, although that sale did not include the Parisian nameplate. Five Parisian store locations in Michigan, Indiana, and Ohio were instead sold to Bon-Ton, and closed nine additional stores nationwide. The remaining twenty-four locations were rebranded as Belk in September 2007, except for the three Michigan stores, which continued to operate as Parisian until rebranding as Carson's in 2013, later to close in 2018. History Early history Parisian was founded in Birmingham, Alabama in 1877 by Estella and Bertha S ...
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Cool Springs Galleria
CoolSprings Galleria is an enclosed super-regional shopping mall in the Cool Springs commercial and residential corridor between Franklin and Brentwood, Tennessee, south of Nashville. Opened in 1991, it features 150 stores. The anchor stores are JCPenney, 2 Belk stores, H&M, American Girl, Ulta Beauty, Dillard's, Forever 21, and Macy's. The major tenant is The Cheesecake Factory. CBL Properties developed the mall in a joint venture with the Edward J. DeBartolo Corporation, and has owned it since its opening; CBL also owns an adjacent power center called CoolSprings Crossing which was developed simultaneously. History CBL & Associates Properties (now CBL Properties), a shopping mall developer based in Chattanooga, Tennessee, first announced plans to build a shopping mall in Franklin, Tennessee in 1989. It would be situated at the interchange of Interstate 65 and Moores Lane (Tennessee State Route 441). CBL developed the mall through a joint venture with the Edward J. DeBartol ...
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Ivey's
Ivey's (J.B. Ivey & Company), a former department store chain, was acquired by Dillard's, Inc. in 1990. Ivey's was based in Charlotte, North Carolina, and was founded in 1900 by Joseph Benjamin (J. B.) Ivey. History J. B. Ivey opened the first Ivey's store on February 19, 1900, on North Tryon Street in Charlotte, North Carolina. The initial location, "one and half blocks from the town square," resulted in poor sales. Later in 1900, Ivey moved the store location to the first block of West Trade Street. The business grew and relocated to 13 North Tryon Street in fall 1914. George M. Ivey, J. B. Ivey's only son, joined the company in 1920 and moved to convert the firm from a partnership to a corporation, which was completed in 1922. The company built a new store in Charlotte in 1924, which remained the only Ivey's store until 1935. Ivey's opened a store in Greenville, South Carolina, in 1935, and in Asheville, North Carolina, in 1937. Ivey's became a publicly-traded corporation in th ...
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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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