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Edward DeBartolo, Sr.
Edward John DeBartolo Sr. (May 17, 1909 – December 19, 1994) was an American businessman. In 1971, his Ohio-based corporation was ranked 47th among the nation's top 400 construction contractors. In 1983, DeBartolo was included on ''Forbes'' magazine's first Forbes 400 list of richest Americans. Early years The second of six children, DeBartolo was born in Youngstown, Ohio, a center of steel production that was also a major destination for immigrants from Southern and Eastern Europe. DeBartolo's parents, Anthony Paonessa and Rose Villani, had emigrated to the United States from Italy. DeBartolo never knew his biological father, who died suddenly before his birth. After Anthony Paonessa's death, Rose Villani Paonessa married Michael DeBartolo, and Edward took his stepfather's family name. Michael DeBartolo emigrated from Terlizzi, Apulia, Italy, with his family at age 17 and became a paving contractor and builder of warehouses and other structures. While a teenager, Edward ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Youngstown, Ohio
Youngstown is a city in Mahoning County, Ohio, United States, and its county seat. It is the List of municipalities in Ohio, 11th-most populous city in Ohio with a population of 60,068 at the 2020 United States census, 2020 census. The Mahoning Valley, Youngstown–Warren metropolitan area has an estimated 430,000 residents. Youngstown is situated on the Mahoning River in Northeast Ohio, roughly midway between Cleveland ( northwest) and Pittsburgh ( southeast). Youngstown is a midwestern city located at the foothills of the Appalachian Mountains. The city was named for John Young (pioneer), John Young, an early settler from Whitestown, New York, who established the community's first sawmill and gristmill. It was an early industrial city of the late 19th and early 20th centuries and became known as a center of steel production. With the movement of jobs offshore as the History of the iron and steel industry in the United States, steel industry in the United States fell into declin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gray Drug
Gray Drug was an American drugstore chain in Cleveland, Ohio. The chain began in 1912 and grew to 46 stores by 1946 and over 100 by the 1970s. Besides Ohio, stores later opened in Florida and Maryland. The chain later acquired Alexandria, Virginia-based Drug Fair in 1981, shortly before Sherwin-Williams bought the chain. Gray Drug acquired several Cunningham Drug stores in 1982. The company entered the discount department store business by acquiring the Cincinnati-based Rink's Department Store chain in 1964 and the Cleveland-based Bargain City chain in 1967. Gray Drug was sold to Rite Aid in 1987. In 2023, Rite Aid, the successor to Gray Drug, filed for Chapter 11 bankruptcy 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, w .... On May 5, 2025, Rite Aid filed for Chapter 11 bankrupt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higbee's
Higbee's was a department store founded in 1860 in Cleveland, Ohio. In 1987, Higbee's was sold to the joint partnership of Dillard's department stores and Youngstown-based developer, Edward J. DeBartolo. The stores continued to operate under the Higbee name until 1992, when DeBartolo sold his shares to his partners and the chain was re-branded as Dillard's. History Higbee's was founded by Edwin Converse Higbee and John G. Hower on September 10, 1860, as Higbee & Hower Dry Goods. The first day of business saw $100 in sales. It was reorganized as The Higbee Co. in 1902 after the death of Mr. Hower and relocated from its original Public Square location to a new five-story Playhouse Square Center store, directly across from its sworn arch-rival Halle Brothers Co. In 1929 it was acquired by the Van Sweringen brothers, who moved the store to their new $179 million Terminal Tower complex on Public Square, partly in response to pleas from women who wished to occupy homes in thei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dillard's
Dillard's, Inc. is an American department store chain with approximately 267 stores in 29 states and headquartered in Little Rock, Arkansas. Currently, the largest number of stores are located in Texas with 57 and Florida with 42. The company also has stores in 27 more states; however, it is absent from the Northeastern United States, Northeast (Washington, D.C., and northward), most of the Upper Midwest (particularly Michigan, Wisconsin, and Minnesota), and most of the West Coast of the United States, West Coast (aside from three stores in California), Alaska, and Hawaii. History 20th century Dillard's is the outgrowth of a department store founded in 1938 by William T. Dillard; its corporate headquarters remain located at the eastern edge of Little Rock, Arkansas, Little Rock's Riverdale, Little Rock, Arkansas, Riverdale area and many of its executives and directors are members of the Dillard family. The family retains control of the company through its ownership of Class B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Bilzerian
Paul Alec Bilzerian (born 1950) is an American army veteran, businessman, corporate takeover specialist, and felon. Bilzerian was the chairman and chief executive officer of Singer Corporation for two years, while he owned a controlling stake. In 1989, he was convicted on nine counts of federal crimes, including criminal conspiracy, making false statements, securities fraud, tax fraud, and securities law violations, and sentenced to four years in prison and a fine of $1.5 million. He also lost a civil lawsuit to the SEC. In 2024 the ''Wall Street Journal'' reported that Bilzerian had "been on the run from the Securities and Exchange Commission for so long 1 yearsthat he now owes the agency $180 million with interest." Early life, education and family Bilzerian was born in Miami, Florida but grew up in Worcester, Massachusetts in an Armenian American family. His father, Oscar, a civil servant, and his mother divorced while he was in high school. Called into the principa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission
The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market manipulation. Created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act), the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Sarbanes–Oxley Act of 2002, among other statutes. Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated entities submit quarterly and annual reports, as well as other periodic disclosures. In addition to annual financial re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash Flow
Cash flow, in general, refers to payments made into or out of a business, project, or financial product. It can also refer more specifically to a real or virtual movement of money. *Cash flow, in its narrow sense, is a payment (in a currency), especially from one central bank account to another. The term 'cash flow' is mostly used to describe payments that are expected to happen in the future, are thus uncertain, and therefore need to be forecast with cash flows. *A cash flow is determined by its time , nominal amount , currency , and account ; symbolically, . Cash flows are narrowly interconnected with the concepts of value, interest rate, and liquidity. A cash flow that shall happen on a future day can be transformed into a cash flow of the same value in . This transformation process is known as discounting, and it takes into account the time value of money by adjusting the nominal amount of the cash flow based on the prevailing interest rates at the time. Cash flow analy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federated Department Stores
Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus (department store), Lazarus, Filene's, and John Shillito Company, Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by American entrepreneur Rowland Hussey Macy. Despite Federated's long history of preserving regional nameplates, its Acquisition of The May Department Stores Company by Federated Department Stores, acquisition of the May Department Stores Company in 2005 marked the end of those nameplates. By the following year, both the Macy's and Bloomingdale's brands had replaced them nationwide. Ultimately, Fede ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ann Inc
Ann Inc. is an American group of specialty apparel retail chain stores for women. The company is headquartered in New York City and currently operates as a subsidiary of Ascena Retail Group. The stores offer classic-styled suits, separates, dresses, shoes and accessories. The brand is marketed under five divisions: Ann Taylor, Loft, Lou & Grey, Ann Taylor Factory, and Loft Outlet. History Richard Liebeskind, the founder of Ann Taylor, opened his first Ann Taylor store in New Haven, Connecticut, in 1954. "Ann Taylor" was the name of a best-selling dress at Liebeskind's father's store. Both the best-selling dress and the name ''Ann Taylor'' were given by the father to his son, Richard Liebeskind, for good luck. Liebeskind decided to go with the name Ann Taylor because ''Ann'' was considered a very New England name, and ''Taylor'' evoked the image of tailored clothing. The name supposedly created the ideal identity of classic women's apparel. In May 1991, the company completed an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bonwit Teller
Bonwit Teller & Co. was an American luxury department store in New York City, founded by Paul Bonwit in 1895 at Sixth Avenue and 18th Street, and later a chain of department stores. In 1897, Edmund D. Teller was admitted to the partnership and the store moved to 23rd Street, east of Sixth Avenue. Bonwit specialized in high-end women's apparel at a time when many of its competitors were diversifying their product lines, and Bonwit Teller became noted within the trade for the quality of its merchandise as well as the above-average salaries paid to both buyers and executives. The partnership was incorporated in 1907 and the store moved to the corner of Fifth Avenue and 38th Street. Throughout much of the 20th century, Bonwit was one of a group of upscale department stores on Fifth Avenue that catered to the "carriage trade". Among its most notable peers were Lord & Taylor, and Saks Fifth Avenue. Distinctive features The Bonwit Teller's flagship uptown building at Fifth Ave ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maas Brothers
Maas Brothers was a leading Tampa, Florida, department store founded by Abe and Isaac Maas in 1886 that grew from a small store to a chain of 39 stores throughout the Gulf Coast of Florida. The Maas Brothers brand went defunct in 1991 when it was consolidated into the Burdines department store chain, which in turn merged with Macy's in 2005. History Abe and Isaac Maas started their retail career in Cochran, Georgia, working with their brothers, Jacob and Sol. By 1880, Abe was operating a store in Dublin, Georgia, and Isaac was operating a millinery store in Ocala by 1885. In 1886, Abe decided to move to a better location and chose Tampa, at the time a small village on Florida's west coast. Abe had been quoted as saying, "It's a waterfront town. Who knows? It may amount to something someday." Abe Maas opened the Dry Goods Palace on December 10, 1886. His brother, Isaac, formally joined his brother on September 15, 1887, and the store became Maas Brothers. After outgrowing its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allied Stores Corporation
Allied Stores was a holding company of department store chains in the United States. It was founded in the 1930s as part of a general consolidation in the retail sector by B. E. Puckett. See also Associated Dry Goods. It was the successor to Hahn's Department Stores, a holding company founded in 1928. In 1981, Allied Stores acquired the 24-year-old retail conglomerate Garfinckel, Brooks Brothers, Miller & Rhoads, Inc. for $228 million (~$ in ). With that transaction they acquired 178 department stores and 48 specialty shops in 28 states. In December 1986, Allied Stores was acquired by Campeau Corporation under Canadian entrepreneur Robert Campeau. In April 1988, Campeau merged with Federated Department Stores. Allied and Federated were consolidated in January 1990 after Chapter 11 bankruptcy though they remained two distinct companies. Federated absorbed Allied when emerging from bankruptcy in February 1992. Stores Department stores divisions at time of Campeau buyout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
