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Phar-Mor
Phar-Mor (stylized as PHA℞-MOR) was a United States chain of discount drug stores, based in Youngstown, Ohio, and founded by Michael "Mickey" Monus and David Shapira in 1982. Some of its stores used the names Pharmhouse and Rx Place (purchased in the mid-1990s from the F.W. Woolworth Company). Low prices were advertised to bring in a large volume of sales with the slogans "Phar-Mor power buying gives you Phar-Mor buying power" and "Phar-Mor For Less." Another common slogan in their TV commercials was "Power buying saves: Save at Phar-Mor." In 1996, the Green Bay, Wisconsin-based regional discount store chain ShopKo announced a plan to merge with Phar-Mor, but withdrew from the plan a year later, citing irreconcilable differences. Business model Phar-Mor's business model was based on selling a large quantity of merchandise with a very small profit margin. Many products were shipped via direct store delivery, but some were shipped through Tamco warehouses, which Phar-Mor l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Youngstown, Ohio
Youngstown is a city in the U.S. state of Ohio, and the largest city and county seat of Mahoning County. At the 2020 census, Youngstown had a city population of 60,068. It is a principal city of the Youngstown–Warren metropolitan area, which had a population of 541,243 in 2020, making it the 107th-largest metropolitan area in the United States and seventh-largest metro area in Ohio. Youngstown is situated on the Mahoning River, southeast of Cleveland and northwest of Pittsburgh. In addition to having its own media market, Youngstown is also part of the larger Northeast Ohio region. Youngstown is midway between Chicago and New York City via Interstate 80. The city was named for John Young, an early settler from Whitestown, New York, who established the community's first sawmill and gristmill. Youngstown is a midwestern city, although it lies less than from the Atlantic Ocean, falling within the Appalachian Ohio region among the foothills of the Appalachian Mountains. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Shapira
David S. Shapira is an American businessman. He serves as Chairman, Chief Executive Officer and President of Giant Eagle, Inc. He joined the company in 1971 and has been President and CEO since 1980. He has also been involved in philanthropic causes. Until 2009, he was the chairman of Carnegie Mellon University's Board of Trustees. In 1982, he co-founded Phar-Mor with Michael I. Monus. In 2012, his daughter Laura Shapira Karet took over as CEO for private company Giant Eagle, Inc. He was also a member of the board of Directors of Equitable Resources, Inc. (NYSE: EQT), a Pennsylvania natural gas and oil company with emphasis on the Appalachian area. He received his undergraduate degree from Oberlin College in 1963 and an MA in Economics from Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Basketball League
World Basketball League (WBL) was a minor professional basketball league in the United States and Canada that ran from 1988 to 1992. It was founded as the International Basketball Association in November 1987, before changing its name prior to the 1988 season. One of the major differences between it and other leagues was that it had a height restriction. Players over 6 ft 5 in (1.95 m) were not allowed to play; this restriction was raised to 6 ft 7 in (2.0 m) in 1991. Basketball Hall-of-Famer and Boston Celtic great Bob Cousy (6'1" tall) was one of the league's founders. Norm Drucker, a 25-year veteran referee with the National Basketball Association and American Basketball Association, and a former supervisor of officials for the NBA, served as the WBL's supervisor of officiating. One of the league's founders, Michael Monus, was eventually convicted of having embezzled $10 million to finance the league, from a privately owned company he had founded, Phar-Mor. He was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Needham, Massachusetts
Needham ( ) is a town in Norfolk County, Massachusetts. A suburb of Boston, its population was 32,091 at the 2020 U.S. Census. It is home of Olin College. History Early settlement Needham was first settled in 1680 with the purchase of a tract of land measuring by from Chief Nehoiden for the sum of 10 pounds, of land, and 40 shillings worth of corn. It was officially incorporated in 1711. Originally part of the Dedham Grant, Needham split from Dedham and was named after the town of Needham Market in Suffolk, England. Just 15 months after asking for their own church, 40 men living on the north side of the Charles River suddenly asked the General Court to separate them from Dedham. Their petition cited the inadequate services provided, namely schools and churches. They also said that, if they were simply to be made a precinct instead of a separate town, that they would suffer political reprisals. Dedham agreed that the services were inadequate and did not oppose the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liquidation
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The term ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Vindicator
''The Vindicator'' is a daily newspaper serving Youngstown, Ohio, United States and the Mahoning County region as well as southern Trumbull County and northern Columbiana County. ''The Vindicator'' was established in 1869. As of September 1, 2019, ''The Vindicator'' is owned by Ogden Newspapers Inc. of Wheeling, West Virginia. The '' Tribune Chronicle'' and ''The Vindicator'' are published by Charles Jarvis, with Brenda Linert as editor. The new owners of ''The Vindicator'' announced a welcome to the new version of the Vindicator. History (1869-1984) The paper began in 1869 when it launched as ''The Mahoning Vindicator''. The paper became the Youngstown Vindicator shortly after. During the 1920s, Ku Klux Klan members began protesting outside of then owner William F. Maag, Jr.'s house in response to the paper's reporting of local KKK activities. Its reporting on the KKK, the mafia, political corruption, and big business matters garnered the paper a reputation of fearlessness. Al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walgreens
Walgreen Company, d/b/a Walgreens, is an American company that operates the second-largest pharmacy store chain in the United States behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago, Illinois, in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens and Switzerland-based Alliance Boots merged to form a new holding company, Walgreens Boots Alliance Inc. Walgreens became a subsidiary of the new company, which retained its Deerfield headquarters and trades on the Nasdaq under the symbol . The company was found by a federal jury to have "substantially contributed to" the opioid crisis. History Walgreens began in 1901, with a small food front store on the corner of Bowen and Cottage Grove Avenues in Chicago, owned by Dixon, Illinois native Charles R. Walgreen. By 1913, Walgreens had grown to four stores on Chicago's So ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CVS Pharmacy
CVS Pharmacy, Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. It was also known as, and originally named, the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation from its inception until its current parent company (CVS Health) was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. Its parent company ranks as the fifth largest U.S. corporation by FY2020 revenues in the ''Fortune'' 500. The parent company of CVS Pharmacy's leading competitor (Walgreens) ranked 19th for the same time period. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Target Corporation
Target Corporation ( doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a component of the S&P 500 Index. Target was established as the discount division of Dayton's department store of Minneapolis in 1962. It began expanding the store nationwide in the 1980s (as part of the Dayton-Hudson Corporation), and introduced new store formats under the Target brand in the 1990s. The company has found success as a cheap-chic player in the industry. The parent company was renamed Target Corporation in 2000, and divested itself of its last department store chains in 2004. It suffered from a massive, highly publicized security breach of customer credit card data and the failure of its short-lived Target Canada subsidiary in the early 2010s, but experienced revitalized success with its expansion in urban markets within the Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wal-Mart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Generally Accepted Auditing Standards
Generally Accepted Auditing Standards, or GAAS are sets of standards against which the quality of audits are performed and may be judged. Several organizations have developed such sets of principles, which vary by territory. In the United States, the standards are promulgated by the Auditing Standards Board, a division of the American Institute of Certified Public Accountants (AICPA). AU Section 150 states that there are ten standards: three general standards, three fieldwork standards, and four reporting standards. These standards are issued and clarified Statements of Accounting Standards, with the first issued in 1972 to replace previous guidance. Typically, the first number of the AU section refers to which standard applies. However, in 2012 the Clarity Project significantly revised the standards and replaced AU Section 150 with AU Section 200, which does not explicitly discuss the 10 standards.Morris JT, Thomas T. (2011)Clarified Auditing Standards: The Quiet Revolution ''Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
