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Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota.Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.
DHL is a US-founded and German owned logistics company headquartered in Bonn, Germany. [5] It provides courier, package delivery and express mail service, delivering over 1.7 billion parcels per year. [6]
Lowe's Market traces its history to E.M. "Bud" Lowe who sold candy and sundries from the back of a truck in Littlefield, Texas in the 1940s. [2] In 1964, Bud Lowe opened the first Lowe's Market, a small grocery store, in Olton, Texas. The company began the process of gradual expansion into small and medium-sized towns in Texas and New Mexico.
The company was started by discount department store chain Zayre in 1984, on the Medford/Malden border in Massachusetts. The company's name was derived from the initials of Beverly Jean Weich, the daughter of Mervyn Weich, the president of the new company. [3] [4] Weich announced his resignation as president in June 1987, and left on August 1. [5]
On May 10, 2006, Loews Corporation announced that it would offer 15 million shares of Carolina Group via a public offering, with the proceeds to be used for general corporate purposes. [9] The sale's value was $740 million. Loews Corporation was the parent company of Bulova until 2007, when it sold the company to Citizen Watch. [10]
On August 28, 2024, Big Lots warned that they could file for Chapter 11 bankruptcy protection within the coming weeks, blaming declining sales caused by rising interest rates as part of the decision. The company is searching for options to avoid a potential filing. The company's stock sank 27% after the announcement. [28]
The Kroger Company, or simply Kroger, is an American retail company that operates (either directly or through its subsidiaries [9]) supermarkets and multi-department stores throughout the United States. [1] [10]
The company was established in Madrid in 1846 by a group of Spanish leather craftsmen, and the brand was created in 1876 when Enrique Loewe joined the group. By the early 20th Century, many notable people took great interest in Loewe and Queen Victoria Eugenie became a regular customer.