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Originally known as Lucchese Bros. Boots & Shoes, the company was founded in 1883 in San Antonio, Texas by Salvatore "Sam" Lucchese (1868–1929) and his brothers, all Italian immigrants from Sicily. [ 1 ] [ 2 ] In the beginning, their primary customers were military officers in the United States Army that were stationed at Fort Sam Houston . [ 3 ]
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
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In 2010, 2011 and 2012, Inc. named it one of the fastest-growing companies in the nation. [2] In 2012, Merchandize Liquidators doubled its revenues. [3] Merchandize Liquidators 2011 gross sales were $5.4 million and the percentage revenue growth for the four-year period through 2011 was more than 700 percent, according to a report by a leading trade publication. [4]
According to the brand, Lucchese started in 1883 after brothers Salvatore and Joseph Lucchese, Sicilian immigrants, moved to San Antonio to set up a bootmaking shop at Fort Sam Houston — a ...
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