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The Japanese Toyota Motor Corporation initially acquired 27.8% of the shares in TSAM in 1996, increased this share to 75% in 2002 and finally to 100% in 2009. [1] [3] [4] In 2006, Toyota SA surpassed BMW South Africa as the country's largest automobile exporter. [5] In 2014, Toyota had 8,500 employees in South Africa. [6]
Lazarus developed or was an early adopter of many shopping innovations such as "one low price" (no bargaining necessary, earlier implemented by the John Wanamaker Store [3]), first department store escalators in the country, first air-conditioned store in the country, and Fred Lazarus Jr. successfully lobbied President Franklin Roosevelt to ...
The chain was dismantled in late 1988 with Kimco Development acquiring all of the store locations while the corporate office and distribution center were sold off in separate transactions. Hills leased 35 Gold Circle stores in Ohio, New York, and Kentucky and immediately converted them into Hills stores following the liquidation sales ...
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Although Eastland itself was a single-story mall, all three of its original anchor stores were constructed with two stories of retail space. The Sears store closed off its upper level at some point during the 1980s. With the closure and subsequent demolition of Northland in 2002, Eastland became the oldest shopping mall in the Columbus metro area.