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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.
The 1,400-square-foot (130 m 2) store located at 507 Main Street in Houston, Texas, was stocked with calico, linen, lace, pins, needles, and men's furnishings. 1905: With business booming, Pat and James purchased the building next door and added ready-to-wear clothing for women and children as well as millinery.
Houston-based Stage Stores purchased Peebles for $167 million in cash and $46.9 million in debt in 2003. [4] [5] In August 2019, it was announced that all Peebles stores, along with all other stores operated by Stage Stores Inc, would be converted into Gordmans stores. [6] [7]
In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacturer or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit. [1]
Fleming Companies, Inc. was founded as Lux Mercantile in Topeka, Kansas, in 1915 by O. A. Fleming, Gene Wilson and Samuel Lux. [1] In 1921 the company's name was changed to Fleming-Wilson, and in 1941, the company name was changed again to The Fleming Company.
Through a series of acquisitions the company grew to 793 stores as of July 29, 2017. In June 1992, Stage Stores, then known as Specialty Retailers, Inc. (SRI), acquired Colorado-based Fashion Bar, Inc., a family-owned business with 71 stores, most of which were comparable to Palais Royal and Bealls.