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F&R Lazarus & Company was founded nearby in 1851, possibly between Rich and Mound Streets. By 1858 it moved to the Parsons Building, at the southwest corner of Town and High streets. [2] In 1909, the company moved to the current Lazarus Building, and moved from being predominantly a men's clothing store to a general department store.
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Lazarus developed or was an early adopter of many shopping innovations such as "one low price" (no bargaining necessary, earlier implemented by the John Wanamaker Store [3]), first department store escalators in the country, first air-conditioned store in the country, and Fred Lazarus Jr. successfully lobbied President Franklin Roosevelt to ...
Big Bear Stores was an American regional supermarket chain operating in the U.S. states of Ohio and West Virginia between 1933 and 2004. The company was founded in Columbus, Ohio, and was headquartered there until its acquisition by Syracuse, New York–based Penn Traffic in 1989.
Schottenstein Stores Corp., based in Columbus, Ohio, is a holding company for various ventures of the Schottenstein family. Jay Schottenstein and his sons Joey Schottenstein, Jonathan Schottenstein, and Jeffrey Schottenstein are the primary holders in the company.
The company calculated that annual sales of $45 million would allow each store to break even, and with sales of $65 million they could be as profitable as rivals, if not more so. Sell-side analysts estimated that 60 Incredible Universe stores could generate $4 billion in annual revenue, far more than Radio Shack's $2.8 billion in fiscal year 1992.
Department store Lazarus, one of the founding components of the Federated Department Stores chain, opened a branch at the mall in 1970. [4] It started out as an 85,000 sq. ft. building and was enlarged to 108,000 sq. ft. in 1977. [5] The Kingsdale Co. purchased the center in 1977 and completed a $4 million remodeling project in 1982. [6]
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