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Bradlees
Bradlees Department Store, more commonly known as Bradlees, was a discount department store chain based in Braintree, Massachusetts, which operated primarily in the Northeastern United States. Bradlees sold various retail items in its stores, including clothing, jewelry, health care, beauty products, footwear, furniture, electronics, housewares, and bedding. At its peak in the 1990s, Bradlees operated over 105 stores in seven states across the Northeast, with close to 10,000 employees. Along with being a part of Stop & Shop from 1961 until 1992, the chain went through Chapter 7 bankruptcy in 2000, with all of its stores eventually closing by March 15, 2001. History Bradlees was named for Connecticut's Bradley International Airport, where early planning meetings were held by the store's founders. The first store was opened in New London, Connecticut, on March 14, 1958. The company was acquired by grocery chain Stop & Shop in 1961, which owned the chain until 1992. After the acqu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stop & Shop
The Stop & Shop Supermarket Company, known as Stop & Shop, is an American regional chain of supermarkets located in the northeastern United States. From its beginnings in 1892 as a small grocery store, it has grown to include a 365-store chain. Stop & Shop has been a wholly owned subsidiary of the Dutch supermarket operator Ahold since 1995 and was part of the Stop & Shop/Giant-Landover division with sister chain Giant-Landover between 2004 and 2011. Ahold announced on June 24, 2015, that it would merge with Brussels-based Delhaize Group, a Belgian grocery store conglomerate whose U.S. grocery operations included Hannaford of Scarborough, Maine and Food Lion of Salisbury, North Carolina. The merger was completed on July 24, 2016, with the new holding company being named Ahold Delhaize, and it is now a sister company to the formerly competing New England supermarket chain Hannaford, along with Food Lion. History Beginning Stop & Shop's roots can be traced back to 1892, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ames (discount Stores)
Ames Department Stores, Inc., was an American chain of discount stores based in Rocky Hill, Connecticut, United States. The company was founded in 1958 with a store in Southbridge, Massachusetts, and at its peak operated 700 stores in 20 states, including the Northeast, Upper South, Midwest, and the District of Columbia, making it the fourth-largest discount retailer in the country. Despite some success in its later years, Ames was plagued by debt "via acquisition decisions" and a slow decline in sales in the new global market and suburban developments. This resulted in two bankruptcy filings that ultimately put an end to the chain. The company, despite expanding into other markets and taking over many closed stores abandoned by competitors, went out of business in 2002. History Ames began in 1958 when three Connecticut brothers, Milton, Irving, and Herbert Gilman, joined with their partner Philip Feltman, opened their first store in the Ames Worsted Textile Co. mill in Southb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cynthia Harris
Cynthia Lee Harris (August 9, 1934 – October 3, 2021) was an American film, television, and stage actress. She is best known for her roles in the television series '' Edward & Mrs. Simpson'' and the sitcom ''Mad About You''. Life and career Cynthia Lee Harris was born in New York City in 1934, the daughter of Saul Harris, a haberdasher, and his wife, Deborah. She had two brothers, one of whom predeceased her. Interested in the stage from a young age, she began studying theater at age 12 and graduated from Smith College in 1955 with a degree in theater and literature. She joined the Adams Memorial Theatre in Williamstown (in the same state on the campus of another college) where she performed in five summer seasons from 1955 to 1959. She then studied acting with Lee Strasberg at the Actors Studio. Harris also studied with George Morrison. Harris appeared in such television series and TV movies, such as ''Archie Bunker's Place'' and ''All My Children''. In '' Edward and Mrs. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bradley International Airport
Bradley International Airport – historically known as Bradley Field – is a public international airport in Windsor Locks, Connecticut, Windsor Locks, Connecticut, United States. Owned and operated by the Connecticut Airport Authority, Connecticut Airport Authority (CAA), it is the second-largest airport in New England. The airport is about halfway between Hartford, Connecticut, and Springfield, Massachusetts. It is the Connecticut, state of Connecticut's busiest commercial airport and the second-busiest airport in New England after Boston's Logan International Airport, with over 6.75 million passengers in 2019. The four largest carriers at Bradley International Airport are Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, and American Airlines, American with market shares of 29%, 19%, 15%, and 14%, respectively. As a dual-use military facility with the United States Air Force, U.S. Air Force, the airport is home to the 103rd Airlift Wing (103 AW) of the Conne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discount Department Store
Discount stores offer 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 Burlington. Category killers So-called category killer stores, specialize in o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Haft
Herbert H. Haft (August 24, 1920 – September 1, 2004) was an American businessman who was famous first for the development of discount stores in the drug store, bookstore, and auto part businesses in Washington, D.C., and later as a corporate raider. Early life and education Haft was born to a Jewish family in Baltimore, Maryland, the son of an immigrant pharmacist from Russia. His family moved to Washington D.C. where he graduated from Central High School. He earned a B.S. in pharmacy from George Washington University. Career After school, Haft worked as a pharmacist at a local drug store. In 1955, he and his wife, cosmetician Gloria Haft, opened the first drug discount store, Dart Drug in the Adams Morgan neighborhood of Washington, D.C. He quickly ran into problems as consumer goods wholesalers and pharmaceutical distributors refused to sell to him because his prices were lower than their other customers. Haft unsuccessfully sued until Parke-Davis - at the time one of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dart Drug
Dart Drug was a chain of discount drug stores in the metropolitan Washington, DC region. It was founded in 1955, by Herbert Haft and his wife Gloria in Adams Morgan. The chain expanded to over 100 stores, and became a vehicle (as Dart Group) by which Herbert Haft engaged in greenmail activities against other public companies. It spun off Trak Auto and Crown Books. Dart Drug was sold to a management group in 1984, bought by Bud Fantle in 1987 and renamed Fantle's. The chain entered bankruptcy in 1989, and was eventually dissolved in 1990. The leases for Fantle's stores were acquired by competitors. Dart Group remained a viable company that was involved in a vicious family feud (''see Herbert Haft'' for details). The store's logo depicted a multicolored bullseye (target), bullseye design with a triangular "dart" overlaid. References *http://www.fundinguniverse.com/company-histories/dart-group-corporation-history/ Defunct pharmacies of the United States Retail companies estab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively. KKR was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
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, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 7 Bankruptcy
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States. This is in contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 bankruptcy is the most common form of bankruptcy in the US. For businesses When a financially troubled business is unable to pay creditors, the business may file (or be compelled by creditors to file) for bankruptcy in a federal court under Chapter 7, which means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. In a Chapter 7 bankruptcy, the trustee is appointed almost immediately, with broad powers to examine the finances of the business in bankruptcy; generally, the trustee sells the assets and distributes the money to the creditors. The investors who took the least amount of risk prior to the bankruptcy are generally paid first. For example, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rhode Island
Rhode Island ( ) is a state in the New England region of the Northeastern United States. It borders Connecticut to its west; Massachusetts to its north and east; and the Atlantic Ocean to its south via Rhode Island Sound and Block Island Sound; and shares a small maritime border with New York, east of Long Island. Rhode Island is the smallest U.S. state by area and the seventh-least populous, with slightly more than 1.1 million residents . The state's population, however, has continually recorded growth in every decennial census since 1790, and it is the second-most densely populated state after New Jersey. The state takes its name from the eponymous island, though most of its land area is on the mainland. Providence is its capital and most populous city. Native Americans lived around Narragansett Bay before English settlers began arriving in the early 17th century. Rhode Island was unique among the Thirteen British Colonies in having been founded by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
