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Wertkauf
Wertkauf Verwaltungsgesellschaft mbH was a German retail group that had 21 markets until its takeover by the US supermarket chain Walmart in 1997. The group's head office was in Karlsruhe. History The first branch opened in 1958 in Karlsruhe. In 1966, a value purchase center with 3,500 m2 was opened in Freiburg. The new Karlsruhe shopping center built during was destroyed on 26 August 1969 during one of the worst major fires in the history of the city. After that it was rebuilt in the same place and slightly expanded. Eight years later, the second sales office in Freiburg was opened, covering an area of 6,000 square metres. In 1968, the company built the largest European self-service department store in Munich Euro-Industriepark with an area of 13,500 m2. High shelves were used for storage, and the goods were handled by forklift.
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Hugo Mann
Hugo Mann (17 November 191320 December 2008) was a German businessman. Early life He was born in Laupheim. As a youth, Hugo Mann worked at his grandfather's shop in Karlsruhe where he started his own furniture business in 1938. Career In 1950, Mann opened a larger store that turned out to be the key to his success. During the sixties, chain stores sprouted up across Germany. The brand ''Mann Mobilia'' for discount quality furniture was established in 1970. Mann had started another business in 1958, the '' Wertkauf'' food store chains. Mann bought two-thirds of FedMart, a highly successful chain of department stores in the United States, in 1975. He subsequently fired founder Sol Price from FedMart and the store chain failed within seven years.Markowitz, Arthur, "Discounting Hall of Fame: Sol Price: his deeds speak louder than words - founder of Price Club," ''Discount Store News'', August 22, 1988online at CBS bnet In 1989, Hugo Mann retired and handed the Wertkauf business ...
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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 in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. The company was founded in 1962 by brothers Sam Walton and Bud Walton, James "Bud" Walton in nearby Rogers, Arkansas. 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. Walmart is the List of largest companies by revenue, world's largest company by revenue, according to the Fortune Global 500, ''Fortune'' Global 500 list in October 2022. Walmart is also the List of largest United States–based employers globally, largest private employer in the world, with 2.1 million employees. It is a publicly traded family-owned business (the largest such business in the world), as the company ...
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Gesellschaft Mit Beschränkter Haftung (Deutschland)
(; ) is a type of Juridical person, legal entity in German-speaking countries. It is equivalent to a (Sàrl) in the Romandy, French-speaking region of Switzerland and to a (Sagl) in the Ticino, Italian-speaking region of Switzerland. It is an entity broadly equivalent to the private limited company (PLC) in the United Kingdom and many Commonwealth of Nations, Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes that the owners (, also known as members) of the entity are not personally liable for the company's debts. GmbHs are considered legal persons under German, Swiss, and Austrian law. Other variations include mbH (used when the term is part of the company name itself), and gGmbH () for non-profit companies. The GmbH has become the most common corporation form in Germany because the AG (), the other major company form corresponding to a stock corporation, was much more complicated to form and operate un ...
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Johannes Mann
Johannes is a Medieval Latin form of the personal name that usually appears as "John" in English language contexts. It is a variant of the Greek and Classical Latin variants (Ιωάννης, '' Ioannes''), itself derived from the Hebrew name '' Yehochanan'', meaning "YHWH is gracious". The name became popular in Northern Europe, especially in Germany because of Christianity. Common German variants for Johannes are ''Johann'', ''Hannes'', '' Hans'' (diminutized to ''Hänschen'' or ''Hänsel'', as known from "''Hansel and Gretel''", a fairy tale by the Grimm brothers), '' Jens'' (from Danish) and '' Jan'' (from Dutch, and found in many countries). In the Netherlands, Johannes was without interruption the most common masculine birth name until 1989. The English equivalent for Johannes is John. In other languages *Joan, Jan, Gjon, Gjin and Gjovalin in Albanian *''Yoe'' or '' Yohe'', uncommon American form''Dictionary of American Family Names'', Oxford University Press, 2013. *Yaḥy� ...
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Retail
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 pro ...
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Karlsruhe
Karlsruhe ( ; ; ; South Franconian German, South Franconian: ''Kallsruh'') is the List of cities in Baden-Württemberg by population, third-largest city of the States of Germany, German state of Baden-Württemberg, after its capital Stuttgart and Mannheim, and the List of cities in Germany by population, 22nd-largest city in the nation, with 308,436 inhabitants. It is also a former capital of Baden, a historic region named after Hohenbaden Castle in the city of Baden-Baden. Located on the right bank of the Rhine (Upper Rhine) near the French border, between the Rhine-Neckar Metropolitan Region, Mannheim-Ludwigshafen conurbation to the north and Strasbourg to the south, Karlsruhe is Germany's legal center, being home to the Federal Constitutional Court, the Federal Court of Justice and the Public Prosecutor General (Germany), Public Prosecutor General. Karlsruhe was the capital of the Margraviate of Baden-Durlach (Durlach: 1565–1718; Karlsruhe: 1718–1771), the Margraviate of ...
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Freiburg Im Breisgau
Freiburg im Breisgau or simply Freiburg is the List of cities in Baden-Württemberg by population, fourth-largest city of the German state of Baden-Württemberg after Stuttgart, Mannheim and Karlsruhe. Its built-up area has a population of about 355,000 (2021), while the greater Freiburg metropolitan area ("Einzugsgebiet") has about 660,000 (2018). Freiburg is located at the southwestern foothills of the Black Forest, on the Dreisam River, a tributary of the Elz (Rhine), Elz. It is Germany's southwestern- and southernmost city with a population exceeding 100,000. It lies in the Breisgau, one of Germany's warmest regions, in the south of the Upper Rhine Plain. Its city limits reach from the Schauinsland summit () in the Black Forest to east of the French border, while Switzerland is to the south. The city is situated in the major Baden (wine region), wine-growing region of Baden and, together with Offenburg, serves as a tourist entry-point to the scenic Black Forest. According ...
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Self-service
Self-service is a system whereby customers acquire (or serve) themselves goods or services, paying for the items at a point-of-sale, as opposed to a shop assistant or clerk acquiring goods or providing services in addition to taking payment. Common examples include ATMs, coin-operated laundrettes, self-service checkouts, self-service petrol stations, and buffet restaurants. History Grocery stores and supermarkets Before the 20th century many businesses such as grocery stores had clerks or assistants who would serve customers individually, taking required items from the shelves, before adding up the total at the till. Some products such as ham, cheese, and bacon were sliced to order, while dry goods such as flour would be weighed out from large barrels. On September 6th 1916 the first Piggly Wiggly opened in Memphis, Tennessee by Clarence Saunders, the world's first self-service grocery store. Customers would pick up a wicker basket upon entering the store, and then w ...
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Forklift
A forklift (also called industrial truck, lift truck, jitney, hi-lo, fork truck, fork hoist, and forklift truck) is a powered industrial truck used to lift and move materials over short distances. The forklift was developed in the early 20th century by various companies, including Clark Material Handling Company, Clark, which made Transmission (mechanics), transmissions, and Yale Materials Handling Corporation, Yale & Towne Manufacturing, which made Hoist (device), hoists. Since World War II, the development and use of the forklift truck has greatly expanded worldwide. Forklifts have become an indispensable piece of equipment in manufacturing and warehousing. In 2013, the top 20 manufacturers worldwide posted sales of $30.4 billion, with 944,405 machines sold. History Developments from the middle of the 19th century to the early 20th century led to today's modern forklifts. The forerunners of the modern forklift were manually powered hoists to lift loads. In 1906, the Penns ...
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Time (magazine)
''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC. History 20th century ''Time'' has been based in New York City since its first issue published on March 3, 1923 ...
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Metro Group
Metro AG is a German multinational company based in Düsseldorf which operates business membership-only cash and carry stores primarily under the Metro brand. , Metro is operating 626 wholesale stores in 21 countries, including Europe and Pakistan. The company was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck. In 2010, it was the fourth-largest retailer in the world measured by revenues, after Walmart, Carrefour and Tesco. Until 2020, it was also active in the general retail business through the Real division, which was sold to an investor consortium. Its current incarnation was launched in 2017 as a spun-off of old Metro AG, which continued to be a consumer electronics retailer and renamed itself Ceconomy. History 1963 – 1980 Metro began on 8 November 1963 in Essen with the opening of the first wholesale centre under the name Metro by the brothers Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck. Planning and opening of the first hypermarket under ...
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