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In other cases, the merchant is assessed "counter rent" for a "store-within-a-store" concept, common in the cosmetics industry, but also not unheard of in clothing. In other cases, the vendor agrees to buy back unsold merchandise from the retailer — this is a common arrangement for higher-value seasonal clothing, like designer coats.
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.
The shop was called Ricky’s Crazy Shirts, and, to Ralston’s knowledge, it was the first store ever devoted exclusively to T-shirts and sweatshirts. Due to the popularity of the T-shirt designs among tourists, Ralston needed to increase production speed, and he turned from spray-painting to screen-printing the designs.
When the sale was finalized in July 2007, Golden Gate's stake in the company was 75% instead of the announced 67%. In May 2010, there was an initial public offering, On May 13, the company sold 16 million shares for $17 each, raising about $272 million. Shares had been planned to sell between $18 and $20 each.
To capitalize on this sales growth, Fred Meyer placed fine jewelry stores in their large multi-department stores and eventually shopping malls throughout the Western United States. In 1995, Fred Meyer Jewelers acquired 23 jewelers in California and the Midwestern United States, as well as Merksamer Jewelers.
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