Builders Square
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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 America ...
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Home Improvement
The concept of home improvement, home renovation or remodeling is the process of renovating, making improvements or making additions to one's home. Home improvement can consist of projects that upgrade an existing home interior (such as electrical and plumbing), exterior (masonry, concrete, siding, roofing) or other improvements to the property (i.e. garden work or garage maintenance/additions). Home improvement projects can be carried out for a number of different reasons; personal preference and comfort, maintenance or repair work, making a home bigger by adding rooms/spaces, as a means of saving energy, or to improve safety. Types of home improvement While "home improvement" often refers to building projects that alter the structure of an existing home, it can also include improvements to lawns, gardens, and outdoor structures, such as gazebos and garages. It also encompasses maintenance, repair, and general servicing tasks. Home improvement projects generally have one or ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Retail Companies Established In 1970
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the 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 long 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 cr ...
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Online Retailers Of The United States
In computer technology and telecommunications, online indicates a state of connectivity, and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed as "on line" or "on the line") could refer to any piece of equipment or functional unit that is connected to a larger system. Being online means that the equipment or subsystem is connected, or that it is ready for use. "Online" has come to describe activities and concepts that take place on the Internet, such as online identity, online predator and online shop. A similar meaning is also given by the prefixes cyber and e, as in words ''cyberspace'', ''cybercrime'', ''email'', and ''e-commerce''. In contrast, "offline" can refer to either computing activities performed while disconnected from the Internet, or alternatives to Internet activities (such as shopping in brick-and-mortar stores). The term "offline" is sometimes used interchangeably w ...
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Chapter 7, Title 11, United States Code
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, sec ...
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Home Quarters
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 th ...
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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, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . 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. However, the existence of such a ritual is doubted. 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 "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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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 ...
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Chicago Metropolitan Area
The Chicago metropolitan area, also referred to as Chicagoland, is the largest metropolitan statistical area in the U.S. state of Illinois, and the Midwest, containing the City of Chicago along with its surrounding suburbs and satellite cities. Encompassing 10,286 square mi (28,120 km2), the metropolitan area includes the city of Chicago, its suburbs and hinterland, that span 13 counties across northeast Illinois and northwest Indiana. The MSA had a 2020 census population of 9,618,502 and the combined statistical area, which spans 19 counties and additionally extends into southeast Wisconsin, had a population of nearly 10 million people. The Chicago area is the metropolitan statistical area, third-largest metropolitan area in the United States and the fourth-largest metropolitan area in North America (after Mexico City, New York City, and Los Angeles), and the largest in the Great Lakes megalopolis. Its urban area is one of the List of urban areas by population, 40 largest i ...
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Leonard Green & Partners
Leonard Green & Partners, L.P. (LGP) is an American private equity investment firm founded in 1989 and based in Los Angeles. The firm specializes in private equity investments. LGP has invested in over 95 companies since its inception, including Petco and The Container Store. In June 2024, Leonard Green and Partners ranked 18th in Private Equity International's PEI 300 ranking among the world's largest private equity firms. History Leonard Green was founded by Leonard I. Green in 1989 after separating from Gibbons, Green and van Amerongen Ltd. (Gibbons Green), a bank which he had co-founded in 1969 with Edward Gibbons and Lewis van Amerongen. Leonard Green died in 2002, leaving the firm to be run by John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff. The firm's predecessor, Gibbons Green, was among the earliest practitioners of the leveraged and management buyout. Gibbons Green purchased several companies, including Purex Industries in 1982, Budget Rent a Car from Tra ...
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Tim Allen
Timothy Alan Dick (born June 13, 1953), known professionally as Tim Allen, is an American actor and comedian. He is known for playing Tim "The Toolman" Taylor on the ABC sitcom ''Home Improvement'' (1991–1999) for which he won a Golden Globe Award and Mike Baxter on the ABC/ Fox sitcom '' Last Man Standing'' (2011–2021). He voices Buzz Lightyear for the ''Toy Story'' franchise for which he won an Annie Award and played Scott Calvin and Santa Claus in ''The Santa Clause'' franchise (1994–present). Allen's other films include '' Jungle 2 Jungle'' (1997), '' Galaxy Quest'' (1999), '' Joe Somebody'' (2001), '' Big Trouble'' (2002), '' Christmas with the Kranks'' (2004), '' The Shaggy Dog'' (2006), '' Wild Hogs'' (2007), '' The Six Wives of Henry Lefay'' (2009), and '' Crazy on the Outside'' (2010). Early life and education Allen was born in Denver, Colorado, on June 13, 1953. He is the third oldest of six children of Martha Katherine (née Fox), a community-service w ...
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Darrell Waltrip
Darrell Lee Waltrip (born February 5, 1947) is an American motorsports Color analyst, analyst, author as well as a former national television broadcaster and stock car driver. He raced from 1972 to 2000 in the NASCAR Cup Series (known as the NASCAR Winston Cup Series during his time as a driver), most notably driving the No. 11 Chevrolet for Junior Johnson. Waltrip is a three-time Cup Series champion (1981 NASCAR Winston Cup Series, 1981, 1982 NASCAR Winston Cup Series, 1982, 1985 NASCAR Winston Cup Series, 1985). Widely regarded as one of the greatest drivers in NASCAR history, Waltrip won 84 NASCAR Cup Series races throughout his career, including the 1989 Daytona 500, a record five in the Coca-Cola 600 (formerly the World 600) (1978 NASCAR Winston Cup Series, 1978, 1979 NASCAR Winston Cup Series, 1979, 1985 NASCAR Winston Cup Series, 1985, 1988 NASCAR Winston Cup Series, 1988, 1989 NASCAR Winston Cup Series, 1989), and a track and Series record for any driver at Bristol Motor ...
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