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Category Killer
A category killer is a retailer, often a big-box store, that specialty store, specializes in and carries a large product assortment of a given category. Through their wide merchandise selections, low pricing, deep supply, large buying power, and market penetration, they have a comparative advantage over other, smaller retailers, and can greatly reduce the sales of rival retailers within that category, in the area and beyond it. In essence, they are a price- or discount-based specialist mass-retailer. Chain store, Chains such as OfficeMax, Best Buy, Barnes & Noble, and Hobby Lobby have been considered category killers. Once typically found in power center (retail), power centers, increasingly they are found in or adjacent to (as an outbuilding of) repurposed traditional malls. Large category killer stores are mostly in mid- and large-sized cities, because a large population is required to be feasible. Impact Local merchants in cities with category killers "may suffer a substant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bed Bath & Beyond Closing Last 10 Days, Hialeah, Florida, March 2023 - 2
A bed is a piece of furniture that is used as a place to sleep, rest, and relax. Most modern beds consist of a soft, cushioned mattress on a bed frame. The mattress rests either on a solid base, often wood slats, or a sprung base. Many beds include a box spring inner-sprung base, which is a large mattress-sized box containing wood and springs that provide additional support and suspension for the mattress. Beds are available in many sizes, ranging from infant-sized bassinets and cribs, to small beds for a single person or adult, to large queen and king-size beds designed for two people. While most beds are single mattresses on a fixed frame, there are other varieties, such as the murphy bed, which folds into a wall, the sofa bed, which folds out of a sofa, the trundle bed, which is stored under a low, twin-sized bed and can be rolled out to create a larger sleeping area, and the bunk bed, which provides two mattresses on two tiers as well as a ladder to access the upper tier ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Staples Inc
Staples Inc. is an American Office supply retailing, office supply retail company headquartered in Framingham, Massachusetts. Founded by Leo Kahn (entrepreneur), Leo Kahn and Thomas G. Stemberg, the company opened its first store in Brighton, Massachusetts on May 1, 1986. By 1996, it had reached the Fortune 500, and it later acquired the office supplies company Quill Corporation. In 2014, in the wake of increasing competition from e-commerce market, Staples began to close some of its locations. In 2015, Staples announced its intent to acquire Office Depot and OfficeMax. However, the purchase was blocked under antitrust grounds due to the consolidation that would result. After the failed acquisition, Staples began to refocus its operations to downplay its brick-and-mortar outlets and place more prominence on its business-to-business (B2B) services. In 2017, after its sale to Sycamore Partners, the company was effectively split into three "independently managed and capitalized" e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gap Inc
The Gap, Inc., commonly known as Gap Inc., is an American multinational 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: the namesake Gap, 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 early 2023, Gap employs about 95,000 people. The Fisher family remains deeply involved in the company, collectively owning much of its stock. Donald Fisher was 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 in 2009. Fisher's wife and their son, Robert J. Fisher, are also on Gap's board of directors. Robert succeeded his father as chairman in 2004 and was Chief Executive Officer, CEO on an interim basis following the resignation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petco
Petco Health and Wellness Company, Inc. is an American Pet store, pet retailer with corporate offices in San Diego and San Antonio. Petco sells pet food, products, and services, as well as certain types of live small animals. Founded in 1965 as a mail-order veterinary supply company in California, it grew into a pet food and supplies chain. Acquired by The Spectrum Group, Inc. and the Thomas H. Lee Company in 1988, it first went public on the NASDAQ in 1994 (ticker "PETC"). It was subsequently bought by Leonard Green & Partners and Texas Pacific Group in 2000 and went privately owned. In 2002 the company went public for the second time, again on the NASDAQ under ticker "PETC". In 2016 Petco was sold to CVC Capital Partners and the Canada Pension Plan Investment Board, who retained control when Petco held its third IPO in January 2021. As of 2021, the company has approximately 1,500 Petco stores across the United States (including Puerto Rico) and Mexico. Stores sell pet food, pet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Depot
The ODP Corporation is an American office supply retailer headquartered in Boca Raton, Florida. The company operates 922 retail stores in the United States under the Office Depot and OfficeMax brands, as well as e-commerce sites and a business-to-business sales organization. The company has combined annual sales of approximately $7 billion, and employs about 45,000 people in the United States. History Office Depot was founded in by F. Patrick Sher, Stephen Dougherty, and Jack Kopkin, who became the company's chairman and chief executive officer, the president, and executive vice president respectively. All three were formerly associated with Mr. HOW Warehouse, a home improvement company that Sher sold to Service Merchandise in 1983. The first store, located at the Lakes Mall in Lauderdale Lakes, Florida, opened in October 1986. The company announced its initial public offering of stock, and went public in December 1988. Mergers and acquisitions In April 1991, it merged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Borders (retailer)
Borders is an international book and stationery retailer. Borders was founded in the United States in 1971 by brothers Tom and Louis Borders, the first bookshop opened in Ann Arbor, Michigan. In October 1992, it was purchased by Kmart, and was then spun-off in 1995 as Borders Group, Inc. remaining headquartered in Ann Arbor, with Waldenbooks as its subsidiary. In 1997, Borders expanded into Singapore, and later Australia and New Zealand. In 1998, Borders expanded into the United Kingdom, and then later Ireland. In 2005, it opened in Malaysia, and in 2006, with Al Maya Group, it opened a location in the United Arab Emirates, and then further expanded across the Middle East. In September 2007, Risk Capital Partners purchased the Borders stores in the United Kingdom and Ireland, alongside a license to use the Borders name. In June 2008, REDgroup Retail purchased the Borders stores in Singapore, Australia and New Zealand with a license to the Borders name. In November 2009, Bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Circuit City
Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., is an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s. After multiple purchases and a successful run on the NYSE, it changed its name to Circuit City Stores Inc. Ronny Shmoel re-established the brand name in 2016 as part of his acquisition of the brand name and trademark rights sold by Systemax. Systemax formerly operated the CircuitCity.com website from 2009 until 2012, when it was consolidated into the TigerDirect brand, which kept the website open until 2023, when TigerDirect shut down. Retail History As Wards Company (1949–1984) In early 1949, Wurtzel was on vacation in Richmond, Virginia when, while at a local barber shop, he was witness to the start of television in the South. Imagining the opportunities, in late 1949, he moved his famil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Quarters Warehouse
Home Quarters Warehouse (HQ) was an American chain of " big-box" home improvement stores, originally based in Virginia Beach, Virginia. In 1984, the chemical manufacturing company W.R. Grace & Co. announced its intentions to enter the home improvement retail business, hiring Bernard R. Kossar and Frank Doczi to head the new chain. History The first Home Quarters stores opened in February 1985 in Virginia Beach and Hampton, Virginia. Grace spun off HQ in 1986, and in October 1987 HQ was in the midst of doing an IPO when " Black Monday" occurred. The SEC put a moratorium on any initial public offering (IPO) until the stock market stabilized. In December 1987, Hechinger agreed to buy HQ for $66 million (~$ in ). The merger was completed in February 1988, with Frank Doczi left in charge of the Home Quarters division (Kossar moves on to found OW Office Warehouse, an office supply store that used a logo and branding similar to that of HQ). Under Hechinger, HQ expanded to much of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Builders Square
Builders Square was a big-box home improvement retailer headquartered in San Antonio, Texas. A subsidiary of Kmart, its format was quite similar to The Home Depot, Menards, and Lowe's with floor space of about , and inventories in excess of 35,000 different items. In 1997, a Los Angeles leveraged buyout specialist acquired Builders Square and merged it with Hechinger but the new combined company failed to thrive and all remaining stores ceased business operations by the end of 1999. Home Decor Products revived the Builders Square brand name in the mid-2000s as builderssquare.com, a comparison shopping website for home and garden products. It was headquartered in Edison, New Jersey. The website was abandoned in 2009. History Beginnings The company was founded in February 1970 as Home Centers of America by Frank Denny, an executive who had recently been president of the home center subsidiary of W. R. Grace and Company. Somewhat unusually for the time, Home Centers of Ameri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lowe's
Lowe's Companies, Inc. ( ) is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of October 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America. Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by Home Depot in 1989) behind rival the Home Depot and ahead of Menards. It is also the second-largest hardware chain in the world, also behind the Home Depot, but ahead of European retailers Leroy Merlin, B&Q, and OBI. The company previously operated in Australia through the Masters Home Improvement joint venture until 2016, in Mexico until 2019, and in Canada until selling its operations (which will be consolidated under the Rona brand) to Sycamore Partners in 2023. History The first Lowe's store, Mr. L.S. Lowe's North W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Depot
The Home Depot, Inc., often referred to as Home Depot, is an American multinational corporation, multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $151 billion in revenue. The company is headquartered in unincorporated Cobb County, Georgia, with an Atlanta mailing address. Home Depot operates many big-box store, big-box format stores across the United States (including the District of Columbia, Guam, Puerto Rico and the United States Virgin Islands, U.S. Virgin Islands); all 10 provinces of Canada; and all 32 Mexican states and Mexico City. Maintenance, repair, and operations company Interline Brands (The Home Depot Pro) is also owned by The Home Depot, with 70 distribution centers across the United States. It is the seventh List of largest U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dollarama
Dollarama Inc. is a Canadian dollar store retail chain headquartered in Mount Royal, Quebec. Since 2009, it has been Canada's biggest retailer of items for five dollars or less. Dollarama has over 1400 stores and is active in all of Canada; Ontario has the most stores. History Rossy S Inc. The first all-dollar store was founded in Montreal in 1910 by Salim Rassy, a Lebanese immigrant, whose name became Rossy. His son George took over the retailer in 1937 and led the company until his death in 1973 when grandson Larry Rossy assumed leadership of it when it had 20 stores. Dollarama The discount retailer grew to 44 stores by 1992 which until then operated under the corporate name Rossy S Inc. but traded simply as Rossy (not to be confused with Rossy Michael Ltd., a similar chain founded in 1949 by another son of Salim Rassy). That year, Larry Rossy opened the first Dollarama at the shopping center "Les Promenades du St-Laurent" in Matane. The Dollarama division rapidly overto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
