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Their first venture, Iron Buggy Company, launched in 1870 in a shanty built for $100, [4] at 180 North High Street and focused it on selling cheap buggies. [6] [7] The business saw immediate success thanks to a design created by the Peters brothers and a system of labor that made production efficient, and it sold 237 buggies in its first year. [8]
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Schottenstein Stores owns stakes in DSW and American Signature Furniture; 15% of American Eagle Outfitters, retail liquidator SB360 Capital Partners, over 50 shopping centers, and 5 factories producing its shoes and furniture.
In 1986, Federated merged its Gold Circle division with its Richway Department Stores, another Federated discount division.While the chains each continued to operate under their original names (though several Richways were converted to Gold Circles), buying and other administrative functions for both were consolidated into Gold Circle's Worthington, Ohio headquarters.
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