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Meyer owns the license for cookware produced under the Farberware label in addition to producing private label cookware for Macy's and Sur La Table. [3] The roots of the company began in Hong Kong in 1951 with aluminum goods manufacturing and changed to cookware beginning in 1971 with the ascension of Stanley K. Cheng as CEO and chief inventor.
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By 1995, Farberware was among the largest producers of stainless steel cookware in the United States, reporting an "anemic annual earnings of $1 million on sales of $125 million for the fiscal year". Syratech was a $169-million company at the time and paid higher wages than those offered in China or Malaysia.
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In 2011, Free Shipping Day became a billion-dollar shopping holiday with $1.072 billion in sales, [5] followed by $1.01 billion during Free Shipping Day 2012. [ 6 ] In 2013, Knowles changed the format of Free Shipping Day to only include merchants that could waive all minimum order requirements and guarantee delivery by Christmas Eve. [ 7 ]
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