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Harmony Homes achieved success, selling an average of 400 houses annually and expanding to southern California. [2] [4] By 2009, Rhodes Companies had developed 40 communities and built over 6,000 homes in the Las Vegas Valley, generating $2.4 billion in revenue. [1] [9] However, the company also defaulted on the 2005 Credit Suisse loan. [85]
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PetSmart is originally started as Pet Food Warehouse in 1986. The initial two stores opened their doors in 1987 in Phoenix. Jim and Janice Dougherty conceived the idea of a chain of discount pet-food warehouses, and, with the initial financial backing of Phillips-Van Heusen Corporation, incorporated under the name Pacific Coast Distributing in 1986.
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