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Westfield Valencia Town Center
Westfield Valencia Town Center, formerly Valencia Town Center, is a shopping mall in the neighborhood of Valencia in Santa Clarita, California. Westfield Group first acquired a quarter-interest in the property in 2002 and a further quarter-interest in 2005, thereafter assuming management control. The mall was then renamed Westfield Valencia Town Center. Anchor stores include Macy's (first opened as May Company, later became Robinsons-May in 1993 until Macy's in 2006), JCPenney, Forever 21, Regal Cinemas, H&M, and Gold's Gym with one vacant anchor last occupied by Sears, which closed on March 18, 2018. In 2019, Westfield Valencia Town Center proposed a new “The Patios Connection” project at the former Sears site, which would include a luxury cinema, gym, Costco Costco Wholesale Corporation ( doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only big-box retail stores ...
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Santa Clarita, California
Santa Clarita (; Spanish for "Little St. Clare") is a city in northwestern Los Angeles County in the U.S. state of California. With a 2020 census population of 228,673, it is the third-largest city by population in Los Angeles County, the 17th-largest in California, and the 99th-largest city in the United States. It is located about northwest of downtown Los Angeles, and occupies of land in the Santa Clarita Valley, along the Santa Clara River. It is a notable example of a U.S. edge city, satellite city, or boomburb. Human settlement of the Santa Clarita Valley dates back to the arrival of the Chumash people, who were displaced by the Tataviam circa 450 AD. After Spanish colonists arrived in Alta California, the Rancho San Francisco was established, covering much of the Santa Clarita Valley. Henry Mayo Newhall purchased the Rancho San Francisco in 1875 and established the towns of Saugus and Newhall. The Newhall Land and Farming Company played a major role in th ...
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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 ...
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Costco
Costco Wholesale Corporation (Trade name, doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only Big-box store, big-box retail stores (warehouse club). As of 2022, Costco is the fifth largest retailer in the world and is the world's largest retailer of Beef carcass classification, choice and prime beef, organic foods, rotisserie chicken, and wine . In 2021, Costco was ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue. Costco's worldwide headquarters are in Issaquah, Washington, an Eastside (Seattle), eastern suburb of Seattle, although its Kirkland Signature house label bears the name of its former location in Kirkland, Washington, Kirkland. The company opened its first ''warehouse'' (the chain's term for its retail outlets) in Seattle Through mergers, however, Costco's corporate history dates back to 1976, when its former competitor ...
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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 ...
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Gold's Gym
Gold's Gym International, Inc. is an American chain of international co-ed fitness centers (commonly referred to as gyms) originally started by Joe Gold in Venice Beach, California. Each gym offers a variety of cardio and strength training equipment as well as group exercise programs. Gold's Gym's headquarters have relocated to Dallas. Corporate history Joe Gold opened the first Gold's Gym in August 1965, in Venice Beach, California, long before the modern day health club existed. Featuring homemade equipment and dubbed "the Mecca of bodybuilding", it was frequented by Arnold Schwarzenegger and Dave Draper. After Gold to ''Pumping Iron'' In 1970, Gold sold the gym which was failing at the time to Bud Danits, most commonly known as an antique dealer, and Dave Saxe who was a jeweler. He and Saxe were co-owners of the gym for almost two years. They realized that running the gym was not a plausible operation; they were going to close it and reopen the location as an antiqu ...
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Regal Cinemas
Regal Cinemas (also Regal Entertainment Group) is an American movie theater chain headquartered in Knoxville, Tennessee. A division of Cineworld, Regal operates the second-largest theater circuit in the United States, with over 7,200 screens in 549 theaters as of October 2019. The three main theatre brands operated by Regal Entertainment Group are Regal Cinemas, Edwards Theatres, and United Artists Theatres. These chains retain their exterior signage, but most indoor branding (popcorn bags, policy trailers) uses the Regal Entertainment Group name and logo. Most new cinema construction uses the Regal Cinemas name. Regal has acquired several smaller chains since this merger; these, however, have been rebranded as Regal Cinemas. On December 5, 2017, it was announced that the British theater chain Cineworld would acquire Regal for $3.6 billion, making it the second largest global cinema exhibitor behind AMC. On September 7, 2022, Cineworld filed for Chapter 11 bankruptcy. Histor ...
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Forever 21
Forever 21 is a multinational fast fashion retailer headquartered in Los Angeles, California, United States. Originally founded as the store Fashion 21 in Highland Park, Los Angeles in 1984,Forever 21History & Facts, n.d. Retrieved 27 April 2014. it is currently operated by Authentic Brands Group and Simon Property Group, with about 540 outlets. The company sells accessories, beauty products, home goods, and clothing for women, men and children, and is considered an epitome of the fast fashion industry due to its fashionable and trendy offerings with very low pricing.Earnest, Leslie"Forever 21 to Acquire Retailer Gadzooks" ''Los Angeles Times'', 18 February 2005. Retrieved 14 May 2014. The company has been involved in various controversies that include labor practice issues and copyright infringement accusations. History 1984–2017: founding and expansion Originally known as Fashion 21, the store was founded in Los Angeles on April 16, 1984, by Do Won Chang and Jin S ...
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JCPenney
Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is a midscale American department store chain operating 667 stores across 49 U.S. states and Puerto Rico. Departments inside JCPenney stores include Mens, Womens, Boys, Girls, Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, ''The Salon by InStyle'', ''Sephora inside JCPenney'', as well as leased departments such as Seattle's Best Coffee, US Vision optical centers, and Lifetouch portrait studios. Most JCPenney stores were initially located in downtown areas, but, as shopping malls grew in popularity during the 1960s, the chain began relocating and developing stores to anchor the malls. In recent years, JCP has opened stores in power centers, as well as stand-alone stores, sometimes adjacent to competitors. The company has been an Internet retailer since 1998, and it has streamlined its catalog and distribution while undergoing renovation improvements at store level. In May 2020, JCPenney filed for Ch ...
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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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JMB Realty
JMB Realty was a real estate investment company based in Chicago. In 1993, after suffering during the early 1990s recession, the company spun off its retail properties as Urban Shopping Centers, Inc., which was acquired by Rodamco in 2000 and broken up. After selling off its remaining assets in the late 2000s, JMB Realty was defunct; although its debt finance group was spun-out as JMB Financial Advisors and still exists as a going concern based in Chicago. History The company was founded as Robert Judelson & Co. in 1968. In October 1969, Judelson was joined by University of Illinois roommates Neil Bluhm and Judd Malkin. Judelson split from the partnership in 1973 to form Balcor Company with Jerry Reinsdorf. Bluhm became chairman and Malkin was president. In 1983, JMB acquired Federated Realty Associates from Federated Department Stores (now Macy's, Inc.) for $112 million. In 1984, it acquired Urban Development from Aetna for $45 million in cash and $131 million in notes. At th ...
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Macy's
Macy's (originally R. H. Macy & Co.) is an American chain of high-end department stores founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. Macy's as of October 29, 2022, has 510 stores (569 boxes), inclusive of 445 department stores (499 boxes; includes 51 stores or 55 boxes that are neighborhood stores), 46 furniture galleries (51 boxes), 1 furniture clearance center, 9 freestanding Backstage stores, 7 Market by Macy's and 2 stores converted to fulfillment centers (there are a total of 506 full line stores and a total of 551 stores) with the Macy's nameplate in operation throughout the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan. The co ...
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Anchor Stores
In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. They are typically located at the ends of malls. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center. They are often offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. Some examples of anchor stores in the United States are Macy's, Sears, JCPenney, Nordstrom, Neiman Marcus, Saks Fifth Avenue. Origins When the planned shopping centre format was developed by Victor Gruen in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, and to draw retail traffic that would result in visits to the smaller shops in the centre as well. Anchors generally have their rents heavily discounted, ...
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