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XS Cargo
XS Cargo was a Canadian discount store chain founded in 1996 by Mike McKenna and headquartered in Mississauga, Ontario. At its peak, it operated 50 warehouse-style stores, the first of which opened in Edmonton, Alberta, mostly in strip malls, across eight provinces selling a wide range of brand name clearance, liquidated, overstocked and unsold merchandise purchased from distressed retailers. It also administered two distribution hubs in Edmonton and Mississauga. In June 2011, XS Cargo was sold for around $5.3 million to Greenwich, Connecticut-based private investment firm KarpReilly LLC. Duncan Reith, former senior vice president of merchandising for Canadian Tire Corporation, was named the Company's new President and CEO, succeeding the retiring McKenna, in January 2012. On July 30, 2014, XS Cargo filed for bankruptcy protection, reporting about $15.8 million in assets and $18.7 million in debt, including $7.4 million owed to unsecured creditors. In September, having been una ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
XS Cargo Logo
XS may refer to: Arts and entertainment * XS (comics), a DC Comics superheroine * ''XS'' (manhwa), a South Korean comic by Song Ji-Hyung () * XS (radio station), a defunct station in Neath Port Talbot, Wales * "XS" (song), a 2020 song by Rina Sawayama * ''XS'' (video game), a 1997 FPS game made by GT interactive * ''Xiaolin Showdown'', an American animated television series * '' XS: The Opera Opus'' (1984-6) no wave opera Science, technology, and mathematics * XS (Perl), an interface through which computer programs written in Perl can call C language subroutines * Yamaha Motif, a series of synthesizers * XS (EVS), a production server of EVS Broadcast Equipment * Para-Ski XS, a Canadian powered parachute design * Cross section (geometry) * iPhone XS, smartphone by Apple Inc. Other uses * XS Energy Drink, drinks produced by AMWAY * XS, a nightclub at the Encore Las Vegas * Xavier School English: ''Let your light shine!'' , religious_affiliation = Roman Catholic (Jesuit) , ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Company
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities law, there are at least three types of investment companies: * Open-End Management Investment Companies (mutual funds) *Face amount certificates companies: very rare. *Management companies * Closed-End Management Investment Companies ( closed-end funds) * UITs (unit investment trusts): only issue redeemable units. In general, each of these investment companies must register under the Securities Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Disestablished In 2014
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 of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Furniture Retailers Of Canada
Furniture refers to movable objects intended to support various human activities such as seating (e.g., stools, chairs, and sofas), eating (tables), storing items, eating and/or working with an item, and sleeping (e.g., beds and hammocks). Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks), or to store things (e.g., cupboards, shelves, and drawers). Furniture can be a product of design and can be considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or religious purpose. It can be made from a vast multitude of materials, including metal, plastic, and wood. Furniture can be made using a variety of woodworking joints which often reflects the local culture. People have been using natural objects, such as tree stumps, rocks and moss, as furniture since the beginning of human civilization and continues today in some households/campsites. Archaeo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LW Stores
LW Stores, Inc. was a retailer that liquidated consumer merchandise through 94 outlets across Canada and three in the United States. The retailer also provided store-closure sales management and solved asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers and other organizations. LW Stores, Inc. was known as Liquidation World, Inc. until 2010. The chain had stores in the Canadian provinces of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick and Nova Scotia. It was a subsidiary of Big Lots from 2011 until its closing in 2014. History LW Stores was founded as Liquidation World in 1986 with the opening of its first store, at 3900 29 St NE, in northeast Calgary, Alberta, Canada. The chain had grown to be the largest liquidator in Canada, with more than 1,200 employees in outlets and offices across Canada. The company began operating stores in the United States in the early 1990s. Most U.S. s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Target Canada
Target Canada Co. was the Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga, Ontario, the subsidiary was formed with the acquisition of Zellers store leases from the Hudson's Bay Company in January 2011. Target Canada opened its first store in March 2013, and was operating 133 locations by January 2015. Its main competition included Walmart Canada and the local Loblaws and Shoppers Drug Mart chains and Canadian Tire to some extent. Target Canada was ultimately unsuccessful, with an overly-aggressive expansion initiative, in addition to higher prices and a limited selection of products compared to Target stores in the United States and its Canadian rivals, particularly Walmart. The retail chain racked up losses of $2.1 billion in its lifespan, and was widely viewed as a failure, termed a "spectacular failure" by Amanda Lang of CBC News, "an unmitigated disaster" by ''Maclean's'' magazine and "a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brick And Mortar
Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business in a building or other structure. The term ''brick-and-mortar business'' is often used to refer to a company that possesses or leases retail shops, factory production facilities, or warehouses for its operations. More specifically, in the jargon of e-commerce businesses in the 2000s, brick-and-mortar businesses are companies that have a physical presence (e.g., a retail shop in a building) and offer face-to-face customer experiences. This term is usually used to contrast with a transitory business or an Internet-only presence, such as fully online shops, which have no physical presence for shoppers to visit, talk with staff in person, touch and handle products and buy from the firm in person. However, such online businesses normally have non-public physical facilities from which they either run business operations (e.g., the company headquarters and back office facilitie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unsecured Creditor
An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor. In the event of the bankruptcy of the debtor, the unsecured creditors usually obtain a ''pari passu'' distribution out of the assets of the insolvent company on a liquidation in accordance with the size of their debt after the secured creditors have enforced their security and the preferential creditors have exhausted their claims. Although in a liquidation the unsecured creditors will usually realize the smallest proportion of their claims, in some legal systems, unsecured creditors who are also indebted to the insolvent debtor can (and in some jurisdictions, must) set off the debts, putting the unsecured creditor with a matured liability to the debtor in a pre-preferential position. See also * Preferential creditor * Secured creditor A secured creditor is a creditor with the benefit of a security interest over some or all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Tire
Canadian Tire Corporation, Limited is a Canadian retail company which operates in the automotive, hardware, sports, leisure and housewares sectors. Its Canadian operations include: Canadian Tire (including Canadian Tire Petroleum gas stations and financial services subsidiary Canadian Tire Bank), Mark's, FGL Sports (including Sport Chek and Sports Experts), PartSource, and the Canadian operations of Party City. Canadian Tire acquired the Norwegian clothing and textile company Helly Hansen from the Ontario Teachers' Pension Plan in 2018. Canadian Tire is known for its Canadian Tire money, a loyalty program first introduced in 1958 using paper coupons that resemble banknotes. The company's head office is located at the Canada Square Complex in Toronto, Ontario and it is listed on the Toronto Stock Exchange. It is a participant in the voluntary Scanner Price Accuracy Code managed by the Retail Council of Canada. History On September 15, 1922, John William Billes and Alfred Jack ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenwich, Connecticut
Greenwich (, ) is a New England town, town in southwestern Fairfield County, Connecticut, United States. At the 2020 United States Census, 2020 census, the town had a total population of 63,518. The largest town on Connecticut's Gold Coast (Connecticut), Gold Coast, Greenwich is home to many hedge funds and other financial services firms. Greenwich is a principal community of the Greater Bridgeport, Bridgeport–Stamford–Norwalk–Danbury metropolitan statistical area, which comprises all of Fairfield County. Greenwich is the southernmost and westernmost municipality in Connecticut as well as in the six-state region of New England. The town is named after Greenwich, a List of place names with royal patronage in the United Kingdom, royal borough of London in the United Kingdom. History The town of Greenwich was settled in 1640, by the agents Robert Feake and Captain Daniel Patrick, for Theophilus Eaton, Governor Theophilus Eaton of New Haven Colony, who purchased the land from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discount Store
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. Types (United States) Discount stores in the United States may be classified into different types: Hypermarkets (superstores) Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress For Less, Marshalls, TJ Maxx, and Kohls. Category killers So-called category killer stores, speciali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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