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Wicks 'N' Sticks
Wicks 'N' Sticks, often written as Wicks n' Sticks, was a chain of mall-based candle and later home decor stores in the United States. History Wicks 'N' Sticks began in Houston in 1968, and by 1971 had grown to 18 locations in 11 states. The store offered a range of 23 different scented candles, hand-carved candles from Germany, and hand-carved wooden candle holders from Spain. By 1988, the chain had grown to a total of 305 stores, a large number of them franchised. By the 1990s, the chain's product range had greatly expanded, due to the company only requiring a third of products to be purchased from them, allowing the franchisee to stock the other two-thirds with products including Christmas ornaments, porcelain items, collectibles, calendars, and more. In 2006, the company filed for Chapter 11 bankruptcy, citing new competition from other stores and foreign imports.{{Cite news, last=Wollam, first=Allison, url=https://www.bizjournals.com/houston/stories/2006/10/30/story1.html, t ...
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Houston, Texas
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the ninth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area whose government is not consolidated with a county, parish, or borough. Though primarily in Harris County, small portions of the ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Warwick Mall
Warwick Mall is an enclosed American shopping mall in Warwick, Rhode Island, on the north side of Interstate 295 near the junction with Interstate 95. Composed of more than of retail space, it features more than 80 stores and a food court. The mall opened for business in 1970, with Boston-based Filene's and Jordan Marsh alongside Providence-based Peerless and The Outlet, and national chain Woolworth as initial anchors, JCPenney being later added as a sixth anchor. Since then, all the anchor stores and the interior of the mall have changed as a result of business closings and consolidations. Today, the mall has seven main anchors: Macy's on the northern side, Old Navy and JCPenney on the western side, Jordan's Furniture and Nordstrom Rack on the eastern side, and Target, Off Broadway Shoes, and Golf Galaxy on the southern side. The mall also has a large food court, complete with a carousel, in the former Peerless anchor space. The mall was largely flooded on March 30, ...
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Volusia Mall
Volusia Mall is a super-regional shopping mall located in Daytona Beach, Florida. It is the largest retail shopping center in the Volusia- Flagler market. Opened on October 15, 1974, the mall comprises more than 120 stores on one level, as well as a food court. Anchor stores are JCPenney and three Dillard's locations. The mall is owned and managed by CBL & Associates Properties. History Volusia Mall opened in 1974 at a site on U.S. Highway 92, adjacent to I-95 and U.S. 1. It was originally built with Ivey's, May-Cohens, and Sears just like at Orange Park Mall a year later, but also started out with a JCPenney. Ivey's opened with the mall, in October 1974. May-Cohens came inline in December. Sears was the next to open, in February 1975, followed by JCPenney, in August 1975. Like Coastland Center, all of the anchors except for JCPenney were built as two-level stores. The first expansion of Volusia Mall was completed in March 1982, when two-level Burdines and Belk-Lindsey store ...
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Yankee Candle
The Yankee Candle Company (referred to simply as Yankee Candle) is an American manufacturer and retailer of scented candles, candleholders, accessories, and dinnerware. Its products are sold by thousands of gift shops nationwide, through catalogs, and online, and in nearly 50 countries around the world. The company operates just over 260 small-box format stores, located in malls across 43 U.S. states and Ontario, and is the largest candle manufacturer in the United States. The company is headquartered in South Deerfield, Massachusetts. The Jarden Corporation agreed to buy Yankee Candle for $1.75 billion in the fall of 2013. In 2015, Newell Rubbermaid announced that it would acquire Jarden for over $15 billion of cash and stock. History Yankee Candle Company was started in South Hadley, Massachusetts when Michael Kittredge, originally from Holyoke, Massachusetts, created his first scented candle, ''Christmas 1969'', from melted crayons as a gift for his mother. Neighbors be ...
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Bath & Body Works
Bath & Body Works, LLC. is an American retail store chain that sells soaps, lotions, fragrances, and candles. It was founded in 1990 in New Albany, Ohio and has since expanded across 6 continents. In 1997, it was the largest bath shop chain in the United States. History Bath & Body Works was founded in 1990 in New Albany, Ohio. The company's first store opened in a Cambridge, Massachusetts mall in September 1990. In 1997, a secondary brand called Bath & Body Works at Home was launched. Two years later the company launched the White Barn Candle Company, a division specializing in the sale of scented candles. Bath & Body Works launched both a seasonal catalog and a website in 2006. In November 2006, the company launched its first television commercial advertisement. Net sales as of January 28, 2006 were $2.3 billion, significantly higher than all other L Brands companies other than Victoria's Secret. In July 2008, the company announced that it was opening six locations i ...
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Retail Companies Established In 1968
Retail is the sale of goods and Service (economics), services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturing, manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a Profit (accounting), profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar store, bricks and mortar and Online shopping, online retailing. Digital technologies are also affecting the way that ...
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Retail Companies Disestablished In 2006
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision o ...
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Companies That Filed For Chapter 11 Bankruptcy In 2006
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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