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Five Below Inc. is a publicly held American chain of specialty discount stores that sells products that cost up to $5, plus a small assortment of products from $6 to $10. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. There are over 1,000 stores located across the United States.
Interstate Department Stores, Inc., was an American holding company for a chain of small department stores, founded in Delaware in 1928. After a very rapid expansion as the result of acquisition and expansion of two discount store chains acquired in 1959 and 1960 and also two toy store chains acquired in 1967 and 1969, the firm was renamed in 1970 as Interstate Stores, Inc., to better reflect its business. Increased competition and the changes in consumer buying habits eventually led to decreased sales in the late 1960s and early 1970s which forced the firm to file for bankruptcy in 1974. After shedding all of its non-performing units, the firm was able to exit bankruptcy with the entire toy division intact along with a small remnant of the department store division in 1978. The firm was renamed Toys "R" Us upon emergence from bankruptcy.
References
- ↑ Sayewitz, Ronni (15 March 1998). Noodle Kidoodle shoots for toy buyer, kit and kaboodle, Dallas Business Journal , Retrieved December 13, 2010
- ↑ Noodle Kidoodle shoots for toy buyer, kit and kaboodle. (Noodle Kidoodle Inc. to open Southwestern stores)(Company Profile).
- ↑ Greenman Bros. Inc. announces change of name to Noodle Kidoodle, Inc. and intention to trade on NASDAQ.
- ↑ (25 April 2000). ZANY BRAINY BUYING NOODLE KIDOODLE, RIVAL TOY CHAIN, The New York Times , Retrieved December 13, 2010
- ↑ Noodle Kidoodle to Merge With Zany Brainy.
- ↑ Zany Brainy Files Chapter 11; Toy Retailer Cites Problems With Acquisition, Online Venture The Washington Post Author: Sara Kehaulani Goo, May 16, 2001
- ↑ Mutter, John (2000-01-05). "Zany Brainy to Buy Noodle Kidoodle for $40 Million". www.publishersweekly.com. Retrieved 2020-03-18.
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