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The business was affected by the severe flooding of local rivers during the Great Flood of 1913 and it this damaged the business sufficiently for it to declare bankruptcy, [22] [23] with the company $624,000 in debt. Initially it was offered for sale for 25 cents on the dollar, but received only one offer, for less than $100,000, prompting its ...
In 1988 when Jeg Sr.'s four sons, John, Troy, Mike, and Jeg Jr. were old enough, they bought the business from their father with his assistance, each managing a different department to maximize effectiveness. Business continued to grow, eventually Jegs debuted free 1-2 day nationwide shipping in 2005.
Potato chips for sale at a UDF store in Columbus, Ohio. United Dairy Farmers (UDF) is an American chain of shops offering dairy products as well as coffee and gasoline. UDF was started by Carl Lindner Sr. and his children in 1938. Almost as soon as they started operations, the Lindners began work on building a dairy store.
Big Lots is preparing to close all of its stores, the bankrupt discount retailer said Thursday.. The company had previously planned to sell its assets to private equity firm Nexus Capital ...
Sons Fred Lazarus Sr. (1850–1917) and Ralph Lazarus (1852–1903) joined the business and added many innovative marketing techniques. The company acquired the John Shillito Company of Cincinnati in 1928 (established in 1830), and a year later, was one of the four founding members of Federated Department Stores (along with Williams Filene's ...
In December 2019, Kroger announced that it was divesting its business of the chain. [28] In its third-quarter earnings report filed with the U.S. Securities and Exchange Commission , Kroger reported that "it was taking a $238 million impairment charge on the investment, including a $107 million net loss attributable to its minority interest in ...
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