Ontario is one of the 13 provinces and territories of Canada and is located in east-central Canada. It is Canada's most populous province accounting for 38.3 percent of the country's population, is the second-largest province in total area. Ontario is fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included, it is home to the nation's capital city and the nation's most populous city, Ontario's provincial capital. Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, Quebec to the east and northeast, to the south by the U. S. states of Minnesota, Ohio and New York. All of Ontario's 2,700 km border with the United States follows inland waterways: from the west at Lake of the Woods, eastward along the major rivers and lakes of the Great Lakes/Saint Lawrence River drainage system; these are the Rainy River, the Pigeon River, Lake Superior, the St. Marys River, Lake Huron, the St. Clair River, Lake St. Clair, the Detroit River, Lake Erie, the Niagara River, Lake Ontario and along the St. Lawrence River from Kingston, Ontario, to the Quebec boundary just east of Cornwall, Ontario.
There is only about 1 km of land border made up of portages including Height of Land Portage on the Minnesota border. Ontario is sometimes conceptually divided into Northern Ontario and Southern Ontario; the great majority of Ontario's population and arable land is in the south. In contrast, the larger, northern part of Ontario is sparsely populated with cold winters and heavy forestation; the province is named after Lake Ontario, a term thought to be derived from Ontarí:io, a Huron word meaning "great lake", or skanadario, which means "beautiful water" in the Iroquoian languages. Ontario has about 250,000 freshwater lakes; the province consists of three main geographical regions: The thinly populated Canadian Shield in the northwestern and central portions, which comprises over half the land area of Ontario. Although this area does not support agriculture, it is rich in minerals and in part covered by the Central and Midwestern Canadian Shield forests, studded with lakes and rivers. Northern Ontario is subdivided into two sub-regions: Northeastern Ontario.
The unpopulated Hudson Bay Lowlands in the extreme north and northeast swampy and sparsely forested. Southern Ontario, further sub-divided into four regions. Despite the absence of any mountainous terrain in the province, there are large areas of uplands within the Canadian Shield which traverses the province from northwest to southeast and above the Niagara Escarpment which crosses the south; the highest point is Ishpatina Ridge at 693 metres above sea level in Temagami, Northeastern Ontario. In the south, elevations of over 500 m are surpassed near Collingwood, above the Blue Mountains in the Dundalk Highlands and in hilltops near the Madawaska River in Renfrew County; the Carolinian forest zone covers most of the southwestern region of the province. The temperate and fertile Great Lakes-Saint Lawrence Valley in the south is part of the Eastern Great Lakes lowland forests ecoregion where the forest has now been replaced by agriculture and urban development. A well-known geographic feature is part of the Niagara Escarpment.
The Saint Lawrence Seaway allows navigation to and from the Atlantic Ocean as far inland as Thunder Bay in Northwestern Ontario. Northern Ontario occupies 87 percent of the surface area of the province. Point Pelee is a peninsula of Lake Erie in southwestern Ontario, the southernmost extent of Canada's mainland. Pelee Island and Middle Island in Lake Erie extend farther. All are south of 42°N – farther south than the northern border of California; the climate of Ontario varies by location. It is affected by three air sources: cold, arctic air from the north; the effects of these major air masses on temperature and precipitation depend on latitude, proximity to major bodies of water and to a small extent, terrain relief. In general, most of Ontario's climate is classified as humid continental. Ontario has three main climatic regions; the surrounding Great Lakes influence the climatic region of southern Ontario. During the fall and winter months, heat stored from the lakes is released, moderating the climate near the shores of the lakes.
This gives some parts of southern Ontario milder winters than mid-continental areas at lower latitudes. Parts of Southwestern Ontario have a moderate humid continental climate, similar to that of the inland Mid-Atlantic states and the Great Lakes portion of the Midwestern United States; the region has warm to cold winters. Annual precipitation is well distributed throughout the year. Most of this region lies in the lee of the Great Lakes. In December 2010, the snowbelt set a new record when it was h
Hennes & Mauritz AB is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women and children. H&M and its associated companies operate in 62 countries with over 4,500 stores and as of 2015 employed around 132,000 people, it is the second-largest global clothing retailer, just behind Spain-based Inditex. The company has a significant online presence, with online shopping available in 33 countries: The company was founded by Erling Persson in 1947, when he opened his first shop in Västerås, Sweden; the shop, called Hennes sold women's clothing. A store was opened in Norway in 1964. In 1968, Persson acquired the hunting apparel retailer Mauritz Widforss, which led to the inclusion of a menswear collection in the product range and the name change to Hennes & Mauritz; the company was listed on the Stockholm Stock Exchange in 1974. Shortly after, in 1976, the first store outside Scandinavia opened in London. H&M continued to expand in Europe, began to retail online in 1998, when it was able to buy the domain hm.com from a company called A1 in a non-published domain transaction.
The two-letter domain was registered in the early 1990s. The opening of the first U. S. store on 31 March 2000, on Fifth Avenue in New York marked the start of the expansion outside of Europe. In 2008, the company announced in a press release. Distributed through the company's online catalog, there are now H&M Home stores located internationally. Following expansion in Asia and the Middle East and the launch of concept stores including COS, Weekday and Cheap Monday, in 2009 and 2010, branding consultancy Interbrand ranked the company as the twenty-first most-valuable global brand, making it the highest-ranked retailer in the survey, its worth was estimated at $12–16 billion. H&M operated 2,325 stores at the end of 2011, 2,629 stores at the end of August 2012, its 3,000 th store opened in September 2013 in China. In November 2004, selected company stores offered an exclusive collection by fashion designer Karl Lagerfeld; the press reported large crowds and that the initial inventories in the larger cities were sold out within an hour, although the clothes were still available in less fashion-sensitive areas until the company redistributed them to meet with demand.
In November 2006, the company launched a collection by Stella McCartney and, in November 2006, by avant-garde Dutch designers Viktor & Rolf. In March 2007, it launched another collaboration designed by the pop star Madonna. In June 2007 the company worked with game developers Maxis to create a stuff pack for the latter's The Sims 2 computer game, H&M Fashion Stuff. In November 2007, the company launched a collection by Italian designer Roberto Cavalli, it was reported that the clothing sold out quickly. In 2007, another design with Kylie Minogue was launched in Shanghai, China. In the spring of 2008 the Finnish company Marimekko was selected as guest designer and was followed by Japanese Comme des Garçons in the fall. In 2008, H&M used the song "Hang On" by British singer-songwriter Lettie as background music to its UK website. For spring and summer 2009, the British designer Matthew Williamson created two exclusive ranges for the company – the first being a collection of women's clothes released in selected stores.
The second collection saw Williamson branch into menswear for the first time, only in selected stores. The second collection featured swimwear for men and women and was available in every company store worldwide. On 14 November 2009, the company released a limited-edition diffusion collection by Jimmy Choo featuring shoes and handbags, ranging from £30 to £170 including a range of men's shoes; the collection included clothing designed by Choo for the first time, many garments made from suede and leather, was available in 200 stores worldwide, including London's Oxford Circus store. Sonia Rykiel collaborated with the company, by designing a ladies knitwear and lingerie range, released in selected company stores on 5 December 2009. For Fall 2010, the company collaborated with French fashion house Lanvin as its 2010 guest designer. In March 2011, the brand's clothing was featured in an interactive fashion art film by Imagine Fashion called "Decadent Control", starring Roberto Cavalli, Kirsty Hume, Eva Herzigová and Brad Kroenig.
For Spring/Summer 2011, the company collaborated with fashion blogger Elin Kling, available at selected stores only. In June 2011, H&M announced a collaboration with Versace, released on 19 November. Versace planned a Spring collaboration with H&M, only available in countries with online sales. Similar to previous collaborations, Versace agreed to let H&M use the renowned name of the company for a agreed upon sum, without having a role in the design process. In November 2011, H&M announced a collaboration plan with Marni, that launched in March 2012; the campaign was directed by award-winning director Sofia Coppola. Lana Del Rey was the face of the plotted music video for the 2012 global summer collection, where she sang a cover of “Blue Velvet”. On 4 October 2012, Japanese Vogue editor Anna Dello Russo launched an accessories collection at H&M as Paris Fashion Week drew to an end; the collection was stocked in 140 H&M stores worldwide and sold through the H&M website On 12 June 2012, H&M confirmed that it would launch a collaboration with avant-garde label Maison Martin Margiela for a fall rollout.
The Maison Martin Margiela collection for H&M hit stores on 15 November 2012. Beyoncé was the face of H&M in summer 2013, her campaign, which b
Dayton's was an American department store chain founded in Minneapolis, Minnesota in 1902 by George Draper Dayton. In 1969, the Detroit-based J. L. Hudson Company merged with the Dayton Company to form the Dayton-Hudson Corporation, adding 21 Michigan-based stores to the total. In 1990, the department store division of Dayton–Hudson acquired Chicago-based Marshall Field's. Both Dayton's and Hudson's retained their individual store names until 2001, when they were united under the Marshall Field's nameplate. Prior to changing its name to Marshall Field's, Dayton's stores numbered 19, serving communities throughout the upper Midwest. Dayton's was the parent of Target, opening the first Target in 1962 as the discount store version of Dayton's. Target grew to become the majority of the company's business. In 2000, Dayton–Hudson was renamed Target Corporation. In 2004, Target divested its department store division to focus on discount retailing. May Company purchased the stores prior to its own acquisition by Federated Department Stores, which rebranded all the Marshall Field's stores as Macy's.
Many Minnesotans have resisted the double name change, continue to refer to "Dayton's" when speaking of the stores in Southdale, Rosedale and the flagship downtown Minneapolis location, now closed. Dayton's has roots in R. S. Goodfellow & Company, a dry goods business founded as Goodfellow and Eastman in 1878. George Draper Dayton constructed a six-story building at Nicollet Avenue and Seventh Street in 1902 and convinced Goodfellow's the fourth-largest department store in Minneapolis, to become the tenant; the Goodfellow's store opened June 24, 1902, Reuben Simon Goodfellow retired shortly thereafter, selling his interest to Dayton, who financed and partnered with George Loudon and J. B. Mosher. By 1903, Dayton had bought out both partners and renamed the store Dayton's Dry Goods Company, which he ran with his son, Draper Dayton. In 1911, the name was changed again to The Dayton Company. Minnesota Governor Mark Dayton is the great-grandson of George Dayton. Like most regional department stores, Dayton's had major annual sale rotations that it became known for.
In 1962, Dayton's rode the wave of a new era in retailing by opening the first Target store in suburban Roseville. It would become a national chain. In 1966, Dayton's opened the first B. Dalton Bookseller in suburban Edina. 1902: Goodfellow's opened for business. 1903: Store renamed Dayton's Dry Goods Company. 1911: Name changes to The Dayton Company. 1949: Dayton's accepts several Cootie games on consignment from William "Herb" Schaper, a Milwaukee postman and toy maker. The game becomes an icon of the baby boomer era. 1952: Acquires Knowlton's department store in Rochester, Minnesota. 1956: Dayton Company opens Southdale Center in Edina, the world's first enclosed two-level shopping center. 1962: Dayton's opens first Target store in Roseville, Minnesota 1963: Dayton's opens new store in downtown St. Paul as part of the city's urban renewal project. 1966: Dayton's opens first B. Dalton Bookseller in Edina, Minnesota. 1969: Dayton's acquires J. L. Hudson Company, a dominant Michigan retailer with 21 stores.
The combined firm is known as the Dayton–Hudson Corporation. 1971: Dayton-Hudson acquires John A. Brown in Oklahoma and Diamond's in Arizona. 1978: The company acquires Mervyn's and becomes the seventh largest retailer in the United States. 1984: Dayton–Hudson sells off its John A. Brown and Diamond's divisions to Dillard's to focus more on Midwest expansion. 1986: Dayton-Hudson sells off B. Dalton Bookseller to Barnes & Noble. 1990: Marshall Field's is acquired by the Department Store Division of the Dayton–Hudson Corporation. 2000: Dayton–Hudson Corporation changes name to Target Corporation. 2001: Much to the dismay of shoppers in Minneapolis-Saint Paul and Detroit, Dayton's and Hudson's are rebranded with the Marshall Field's nameplate, which has a higher national profile. Most product lines remain the same. 2004: Target Corp. and May Department Stores announce the sale of the Marshall Field's department store group, including the 62 stores serving communities in Illinois, Michigan, North Dakota, South Dakota and Wisconsin.
Target sells off Mervyn's stores to a private investment fund. 2005: May Department Stores merges with Federated Department Stores, owner of Macy's. 2006: Marshall Field's stores in Chicago, Minneapolis and Detroit take the Macy's name, ending the run of Marshall Field's – and the then-still freshly renamed Dayton's and Hudson's – as unique, upscale Midwestern department store brands. 2017: Macy's announces that the Dayton's downtown Minneapolis flagship store, re-branded as a Macy's in 2006, will close by the end of the year. Its final day was Sunday, March 19, 2017, following a clearance sale that included store fixtures and furnishings. Dayton's in the Minnesota Encyclopedia Atwater, Isaac. History of the City of Minneapolis, Minnesota. Munsell. Leebrick, Kristal. Dayton's: A Twin Cities Institution. Excerpt Rowley, Laura. On Target. John Wiley and Sons. ISBN 0-471-25067-8
Hollister Co. advertised as Hollister or HCo. is an American lifestyle brand owned by Abercrombie & Fitch Co. The concept was designed to attract consumers aged 14–18, at a lower price point than the parent brand through its Southern California-inspired image and casual wear. Goods are available in-store and through the company's online store. In 2008 Piper Jaffray ranked it as the second most preferred clothing brand of U. S. teens. The first Hollister store opened on July 2000 at the Easton Town Center in Columbus, Ohio. Four additional test stores opened following the Easton location: at Oak Park Mall in Overland Park, Mall of Georgia in Buford, Westfield Topanga in Canoga Park and Paramus Park in Paramus, New Jersey. Hollister Co. does not bill itself as a hardcore surf line. According to A&F spokesperson Hampton Carney, "We’re not going after the ‘core surfing market. It's more about the lifestyle and inspiration, rather than the actual activity." Although Hollister Co. was founded in 2000, Abercrombie & Fitch has created a fictional history surrounding its founder.
According to this history, John Hollister, Sr. emigrated from New York City to the Dutch East Indies, established the company bearing his name upon returning to the United States and settling in California in 1922. In actuality, the company was founded in Ohio in 2000. Abercrombie & Fitch Co. expanded into Canada in mid-January 2006. A&F opened Abercrombie & Fitch and Hollister Co. stores at the Toronto Eaton Centre and Sherway Gardens shopping malls in Toronto, Ontario. These openings were delayed from the end of 2005 to early 2006 by planning issues; as of 2009, HCo. locations in Canada were: Sherway Gardens, Toronto Eaton Centre, Fairview Mall in Toronto, the West Edmonton Mall in Edmonton and Upper Canada Mall, in Newmarket and Pacific Centre in Vancouver, British Columbia as of January 29, 2009. In 2010, the store's eighth location in Canada opened at Polo Park in Winnipeg, a store opened on October 29, at Fairview Park Mall in Kitchener, Ontario. In 2011, the first Hollister store in Atlantic Canada opened at the Halifax Shopping Center in Halifax.
Stores opened in Hamilton and Brampton, Ontario in 2011. Starting summer 2007, Abercrombie & Fitch Co. spent an approximate amount of US$10 million to install video walls into Hollister Co. stores nationwide. The walls play live-feed from Surf City Huntington Beach, California to provide customers with a flavor of the SoCal surf atmosphere HCo. promotes. Hollister pays the city of Huntington Beach for the cameras located on the Huntington Beach Pier. By October 2, 2007, 100 select Hollister California stores began to promote Abercrombie & Fitch Co.'s fifth brand Gilly Hicks prior to the latter's debut in January 2008. Advertising was achieved through a variety of body care items including body sprays, soaps and lip balms called Sessions. On October 25, 2008, Hollister Co. opened its first store outside of the U. S. and Canada in Brent Cross, London. In December 2008 Hollister Co. opened its second store in the UK in Westfield London and a third at the upmarket Bluewater shopping centre, Kent, UK.
Further more, after the success of the UK HCo. stores in London, the first Hollister store outside London was opened on May 14, 2009 in WestQuay Shopping centre in Southampton, its fifth UK store was opened in Milton Keynes at the beginning of 2010. There are Hollister stores in Sheffield's Meadowhall shopping centre, Norwich's Chapelfield shopping centre, Birmingham's Bull Ring, Manchester's Trafford Centre mall, Solihull's Touchwood Centre and Newcastle upon Tyne's Eldon Square. There are stores in Westfield Stratford city, in the Oracle shopping centre in Reading, Glasgow and Victoria Square, Belfast as well. Hollister Co. has opened stores in Italy, China and more in Spain. In 2011 Hollister opened its first store in Ireland in the Dundrum Town Centre. Marketing for the HCo. flagship was launched in May 2009. The extensive marketing campaign advertised the store as "The Epic Hollister Store." A&F launched HCORideTheWave.com which offered electronic postcards, downloadable wallpaper and screensaver as well as directions to the flagship and a promotional film with computer-generated graphics of the multi-level floor layout and design.
A countdown timer called the "Epic Countdown" tells the remaining time down to seconds until the opening. The first flagship for the HCo. brand was opened July 16, 2009. Goods are given names from SoCal beaches, something which Gilly Hicks does with Australian beaches. Hollister's price points are about 20 % lower than its parent Fitch. To maintain the SoCal theme and merchandise were categorized within the divisions named "Dudes" and "Bettys". Although, they are now referred to as men's and women's. Clothing offerings by Hollister Co. include but is not limited to "graphic" and "crew & tee" shirts, Henleys, shirts, outerwear, rinse or wash Slim Jeans, flip-flops, cologne or perfume, accessories, so on. In 2001, Hollister released its signature fragrance Hollister Co. for women and men, but they were discontinued. Other fragrances were released over the years; the official store scent is the popular cologne, appropriately named, SoCal. Stores are required to spritz the merchandise with SoCal everyday.
This is a marketing tactic to help draw c
Mervyn's was an American middle-scale department store chain based in Hayward and founded by Mervin G. Morris, it carried national brands of clothing, bedding, jewelry, beauty products and housewares. Many of the company's stores were created in shopping malls. Based on 2005 revenue, Mervyn's was the 83rd largest retailer in the United States. In 2006, Mervyn's had 189 stores in 10 states. One year Mervyn's had reduced its store count to 177 stores in seven states. On October 17, 2008, the company announced that it would liquidate its assets through a Chapter 7 filing. All remaining locations were closed by the end of the year; the Morris family, having bought back intellectual property rights to the company in 2009, announced plans to relaunch Mervyn's as an internet-based enterprise. The proposed revival never came to fruition. Mervin G. Morris founded the first Mervyn's store in San Lorenzo, California on July 29, 1949; the store was supposed to be named Mervin's, but the architect suggested that a spelling with a y instead of an i would be more visually appealing.
Mervyn's was located in the midst of San Lorenzo Village, a planned residential community nestled between the cities of Hayward and San Leandro, composed of two- and three-bedroom tract homes built between 1944 and the 1950s. Mervyn's carved a niche for itself by having a no-frills shopping environment that reduced overhead, enabling the store to price merchandise lower than competing department stores in the area. Mervyn's offered significantly-discounted factory seconds of basics such as jeans, t-shirts and similar garments, as well as household linens, with flaws minor and undetectable by most. During the 1950s and 1960s, this made Mervyn's popular with the young suburban families comprising the majority of San Lorenzo's population; this marketing strategy was abandoned before Mervyn's expanded beyond its original single location, but Mervyn's remained popular as a lower-priced alternative to national department store chains. The second Mervyn's store opened about 15 miles south as an anchor tenant of the Fremont Hub Shopping Center, one of two regional malls in Fremont, California in 1962.
In mid-1975, Mervyn's operated stores in the following locations, all in California: Alameda, Campbell, Citrus Heights, Daly City, Fremont, Millbrae, Mountain View, Oakland, Sacramento-Point West and Florin, East San Jose and South San Jose, San Lorenzo, San Pablo and Visalia. In October 1975, the chain expanded to southern California, opening stores in Fullerton and Huntington Beach. By 1978 the company had grown to a chain of more than 50 stores in three states, Mervyn's was acquired by the Dayton Hudson Corporation. Mervyn's kept its separate identity as a Dayton Hudson subsidiary; the average store had 80-130 employees. There was a Store Team Leader, Executive Team Leaders, Department Leaders, benefited team members, part-time employees. All employees had "credit goals", which referred to the number of customers that opened a Mervyn's credit account. Part-time employees were expected 1 per every 8 hours, the leadership team was expected 1 per every 40 hours; when entering Florida with a store in Lakeland in 1986, Mervyn's began major expansions outside of California with Atlanta being the site of a strong expansion campaign, followed by Miami in 1991.
Mervyn's, which had not had a retail presence in the southern U. S. competed for mall space with JCPenney which received top anchor spots at the Town Center Mall in Kennesaw, Shannon Mall in Union City, Gwinnett Place Mall in Duluth. Stores that were unaffected were those at North Dekalb Mall in Decatur, taken over by Upton's and North Point Mall in Alpharetta, which became Parisian and was rebuilt as AMC Theatres; this was likewise done at the same time in Florida where the company sold ten stores to Dillard's which opened at Cutler Ridge Mall in Cutler Ridge, Miami International Mall in Doral, Coral Square in Coral Springs, Boynton Beach Mall in Boynton Beach, Broward Mall in Plantation, Pembroke Lakes Mall in Pembroke Pines, Melbourne Square in Melbourne, Lakeland Square Mall in Lakeland, the latter three locations became "double headers" for Dillard's. The locations at Treasure Coast Square in Jensen Beach and Pompano Fashion Square in Pompano Beach did not become Dillard's when being sold to the Little Rock retailer while some stores that weren't included in the deal were sold to other retailers, such as a larger Saks Fifth Avenue taking over an empty store at Town Center Mall in Boca Raton, where Dillard's wanted to open a new store there since its closure in 1995.
Mervyn's had withdrawn from both Miami and Atlanta in 1997. During the 1990s, Mervyn's expanded into Arizona, Texas, Michigan and Washington State. From 1995 to 2001, the stores were rebranded as Mervyn's California, in an effort to identify with its West Coast roots. A media campaign was launched to publicize the rebranding, with TV commercials and catalogs featuring former San Francisco 49ers' quarte
Coach New York
Coach IP Holdings LLC is an American company specializing in luxury accessories such as handbags. Coach was founded in 1941 as a family-run workshop in a loft on 34th Street in Manhattan, with six leatherworkers who made wallets and billfolds by hand. In 1946, Miles Cahn and his wife Lillian joined the company. Miles and Lillian Cahn were owners of a leather handbag manufacturing business, were knowledgeable about leatherworks and business. By 1950, Cahn had taken over the business. During the early years, Cahn noticed the distinctive properties and qualities of the leather used to make baseball gloves. With wear and use, the leather in a glove became suppler. Attempting to mimic this process, Cahn made a way of processing the leather to make it stronger and more flexible. Since the leather absorbed dye well, this process created a richer, deeper color in the leather. Soon after Cahn developed this new process, Lillian Cahn suggested to Miles that the company supplement the factory's men's accessories business by adding women's leather handbags.
The "sturdy cowhide bags were an immediate hit."Miles and Lillian Cahn bought the company through a leveraged buyout in 1961. In 1961, Cahn hired a sportswear pioneer, to design handbags for Coach. Cashin "revolutionized the product's design," working as creative head for Coach from 1962 through 1974. Cashin instituted the inclusion of side pockets, coin purses, brighter colors in the products. Cashin designed matching shoes, key fobs, eyewear, added hardware to both her clothes and accessories–particularly the silver toggle that became the Coach hallmark–declaring that she had been inspired by a memory of fastening the top on her convertible sports car. Richard Rose joined Coach in 1965, he is credited with making Coach a household name after putting the product in department stores across the United States and abroad. In 1979, Lewis Frankfort joined the company as vice-president of business development. During this time, Coach was making $6 million in sales and products were being distributed through the domestic wholesale channel in the northeastern United States.
He was mentored by Mr. Rose executive VP of sales, Rose retired from his position in the company in 1995. In 1981, under Frankfort's leadership, the company opened its first directly operated retail location on Madison Avenue in Midtown Manhattan. In 1985, the Cahns decided to sell Coach Leatherware after determining they wanted to "devote more time to their growing goat farm and cheese production business called Coach Farm in Gallatinville, New York, which they began in 1983". Coach was sold to Sara Lee Corporation for a reported $30 million. Lew Frankfort succeeded Cahn as president. Sara Lee structured Coach under its Hanes Group. In early 1986, new boutiques were opened in Macy's stores in New York San Francisco. Additional Coach stores were under construction, similar boutiques were to be opened in other major department stores that year. By November 1986, the company was operating 12 stores, along with nearly 50 boutiques within larger department stores. Sara Lee Corporation divested itself of Coach first, by selling 19.5% of their shares of Coach at the Coach IPO in October 2000, followed in April 2001, with the distribution of their remaining shares to Sara Lee's stockholders through an exchange offer.
In 1996, Lew Frankfort was named CEO of Coach. The following year, under Frankfort's leadership, Coach hired Reed Krakoff, whose creative and commercials instincts aimed to make Coach products functional and stylish. Krakoff's design transformed Coach from the small company that it was in 1985 into the worldwide-known brand that it is today. In February 2013, Coach named Victor Luis president and chief commercial officer and announced that he would become chief executive officer in January 2014, with Lew Frankfort continuing as executive chairman. In 2013, Coach generated $5 billion in sales and operated 1,000 directly operated locations globally, including North America, China, Taiwan, Malaysia and Europe. In 2014, the company announced Stuart Vevers as the new executive creative director, replacing Reed Krakoff. During 2014, Coach announced that Lew Frankfort would retire as executive chairman at the expiration of his term in November 2014. In January 2015, Coach agreed to buy shoemaker Stuart Weitzman for up to $574 million in cash.
In the same year, Coach launched Coach 1941, "a new, higher-priced line centered on ready-to-wear." Coach marked its 75th anniversary in 2016 with the announcement of its partnership with Selena Gomez. In July 2017 Coach purchased Kate Spade for $2.4 billion. Michael Kors Holdings Ltd. had expressed interest in buying Kate Spade. On 10 October 2017, Victor Luis announced that on 31 October, Coach Inc would be renamed and rebranded as Tapestry Inc; the company's ticker symbol on the NYSE changed from COH to TPR effective 31 October 2017. As of 2019, Coach dropped the use of fur from its collection. On June 1, 2000, the company changed its name to Inc.. Lewis Frankfort has been involved with Coach for more than 30 years, he was named chairman and CEO in 1995, in 2014 became executive chairman. During 2000, he oversaw Coach's transition to a publicly traded company listed on the NYSE and in 2011 became the first American issuer to list on the Stock Exchange of Hong Kong. Victor Luis was named chief executive officer of Coach, Inc. in January 2014.
Prior to his appointment and beginning in February 2013, he held the role of president and chief commercial officer of Coach, Inc. serving on Coach's board of directors. Luis h
Target Corporation is the eighth-largest retailer in the United States, is a component of the S&P 500 Index. Founded by George Dayton and headquartered in Minneapolis, the company was named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and the Dayton Company in 1910; the first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967. It became the Dayton-Hudson Corporation after merging with the J. L. Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, Mervyn's. Target established itself as the highest-earning division of the Dayton-Hudson Corporation in the 1970s; the company has found success as a cheap-chic player in the industry. The parent company was renamed the Target Corporation in 2000 and divested itself of its last department store chains in 2004, it suffered from a massive and publicized security breach of customer credit card data and the failure of its short-lived Target Canada subsidiary in the early 2010s but experienced revitalized success with its expansion in urban markets within the United States.
As of February 2, 2019, Target operates 1,844 stores throughout the United States. The company is ranked No. 39 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. Their retail formats include the discount store Target, the hypermarket SuperTarget, "flexible format" stores named CityTarget and TargetExpress before being consolidated under the Target branding. Target is recognized for its emphasis on "the needs of its younger, image-conscious shoppers", whereas its rival Walmart more relies on its strategy of "always low prices"; the Westminster Presbyterian Church in downtown Minneapolis burned down during the Panic of 1893. Without insurance coverage to cover the financial loss, the congregation found itself unable to rebuild; the church appealed to parishioner George Dayton to purchase an empty corner lot adjacent to the original church in its possession. Dayton convinced the Reuben Simon Goodfellow Company to move its nearby Goodfellows department store into the newly erected building in 1902, although its owner retired altogether and sold his interest in the store to Dayton.
The store was renamed the Dayton Dry Goods Company in 1903, was shortened to the Dayton Company in 1910. The company made its first expansion with the acquisition of the Minneapolis-based jeweler J. B. Hudson & Son right before the Wall Street Crash of 1929. Dayton died in 1938 and was succeeded by his son Nelson as the president of the $14 million business. Nelson died in 1950 and was replaced by his own son Donald, who with his cousins replaced the Presbyterian guidelines set by his predecessors with a more secular approach; the company acquired the Lipman's department store company during the 1950s and operated it as a separate division. John F. Geisse developed the concept of upscale discount retailing while working for the Dayton Company. Using his concepts, the company opened its first Target discount store at 1515 West County Road B in the Saint Paul suburb of Roseville, Minnesota; the name "Target" originated from publicity director Stewart K. Widdess, was intended to prevent consumers from associating the discount store with the department store.
It opened three additional units in the first year, reported its first gain in 1965 with sales reaching $39 million. That decade, B. Dalton Bookseller was formed as a subsidiary of the Dayton Company; the parent company acquired the jewelers Shreve & Co. and J. E. Caldwell, the Pickwick Book Shops, the electronics and appliances chain Lechmere, it went public with its first offering of common stock, built its first distribution center in Fridley, Minnesota. In 1969, the Dayton Company itself merged with the Detroit-based J. L. Hudson Company, together formed the Dayton-Hudson Corporation; the new company, at the time the 14th-largest retailer in the United States, consisted of Target and the department stores Dayton's, Diamond's, Hudson's, John A. Brown, Lipman's. Target reached $200 million in sales while Dayton-Hudson acquired Team Electronics and the jewelers C. D. Peacock, Inc. and Jessop and Sons in the 1970s. Target reported a decrease in profits in 1972, due to the rapid pace of expansion with the purchase and conversion of several former Arlan's department store locations.
New management marked down merchandise to reduce its overstock and only opened one new location that year, Target became Dayton-Hudson's top revenue producer in 1975. Dayton-Hudson was established as the seventh-largest general merchandise retailer in the United States with its acquisition of Mervyn's in 1978. Dayton-Hudson sold Lipman's to Marshall Field's and acquired the discount store chain Ayr-Way in 1980, expanded into the West Coast market with the purchase and conversion of several FedMart stores in 1982, it sold the Dayton-Hudson Jewelers subsidiary to Henry Sons of Montreal. The company founded the Plums off-price clothing store with four locations in the Los Angeles area in 1983. In 1985, the company started R. G. Branden's, a chain that