Misplaced Pages

#129870

36-438: The four anchor stores are Ross Dress for Less , two 149,377 sq ft (13,877.6 m) Macy's stores, which are the only Macy's west of Hawaii , and a 24-hour Payless Supermarket. The mall is also home to stores such as Gap , Guess , Levi's , and Foot Locker . The mall is also home to a 24-restaurant food court and a 12-screen movie theater featuring all stadium 3D/digital technology. Funtastic Park, an amusement park

72-527: A group of investors that included private investment firm and turnaround specialist Sun Capital Partners , Cerberus Capital Management , and real estate investment company Lubert-Adler Management Inc. Rick Leto was named the new president and chief merchandising officer in January 2005. Sixty-two store closures were announced by the new owners in September 2005, stating the 62 stores closed only accounted for 17% of

108-711: A newly built store at Pembroke Lakes Mall ). They also competed for mall space with JCPenney , which later received top anchor spots at the Town Center Mall in Kennesaw , Shannon Mall in Union City (rebuilt as a DHL Distribution Center), and Gwinnett Place Mall in Duluth (now Beauty Master). Stores that were unaffected were those at North Dekalb Mall in Decatur that was taken over by Upton's ( Burlington Coat Factory now occupies

144-493: A shopping center parking lot where a former Mervyn's location used to be is still named Mervyn's Drive in Fullerton , as a Mervyn's location was there prior to 2008. Caltrans continues to maintain the traffic signal which connects the private road to Imperial Highway , and installed a new overhead sign with the name "Mervyn's Dr" in 2019 after the old one fell off. The former store is now a Floor & Decor . A private road into

180-915: Is inside the mall featuring seven rides including a roller coaster , carousel , bumper cars , pirate ship , Crazy Cans, Jungle Safari, Lady Bug and an arcade . Other retail chains include ABC Store , Vitamin World , GNC , Bench , GTA , and Docomo Pacific . Toys "R" Us ’ only location in Guam was in this mall up until the 2018 Bankruptcy, the store closed on June 27, with no prior announcement or liquidation sale. Fast food, restaurant and snack chains include Burger King , Panda Express , Cold Stone Creamery , Häagen-Dazs , Denny's , Great American Cookies , KFC , Pretzelmaker , Raising Cane's , Sbarro , Subway , Taco Bell , Tutti Frutti , Chatime , Coffee Beanery , Honolulu Cookie Company , Cinnabon , Pepper Lunch , Robeks , as well as Jollibee and Winchell's Donuts on

216-527: The Tri-Valley area, in 2003. Barbara Rentler took the place of CEO Michael Balmuth on June 1, 2014; she was the 25th female CEO of a Fortune 500 company. Ross moved its headquarters from Pleasanton to neighboring Dublin, California , in 2014. On October 28, 2024, the board of directors appointed James Conroy as the new CEO, succeeding Barbara Rentler effective February 2, 2025. Conroy previously served as CEO of Boot Barn. Mervyn%27s Mervyn's

252-430: 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 later 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 (24 km) south as an anchor tenant of

288-422: The 1950s. Mervyn's carved a niche for itself by having a relatively no-frills shopping environment that reduced overhead , enabling the store to price merchandise lower than competing department stores. Mervyn's also offered significantly-discounted factory seconds of basics such as jeans , T-shirts , underwear , and similar garments, as well as household linens, with flaws minor and undetectable by most. During

324-668: The Fremont Hub Shopping Center, one of two regional malls in Fremont, California , in 1962. In mid-1975, Mervyn's operated stores in major cities and towns throughout California. , and by October, it had expanded to southern California, opening stores in Fullerton and Huntington Beach. The location in Millbrae was particularly popular among San Francisco Peninsula customers searching for deals on off-season discount items. By 1978,

360-600: The Mervyn's and Marshall Field's divisions up for sale to focus on Target stores. Target Corporation was approached by many buyers for both stores but many of the potential buyers saw value only in the real estate. Target refused to sell to the groups that wanted to purchase Mervyn's for the property value only. Target would only consider deals that would not close the company and put the then 30,000 employees out of work. The Mervyn's locations in Minnesota were closed in 2004 as part of

396-417: The Mervyn's website was replaced with a single-page site allowing visitors to sign-up for a mailing list to receive updates about the future of Mervyn's. However, that page is no longer accessible, and the website no longer exists. As of 2024, Meryvn's Department Store has returned as an online only store that specializes in selling closeout and overstock merchandise from other retailers. A private road into

SECTION 10

#1732869818130

432-652: The Northern District of California. Soon, the Chapter 11 case was converted to Chapter 7 liquidation on October 17, 2008. At the time of this announcement 3 stores had just held grand openings only a few months prior to being told they would soon close. Although the company initially vowed to keep all locations open during the reorganization efforts, the company announced in August 2008 the closure of all 26 underperforming stores. The company hired an outside company to assist in

468-663: The buying and bookkeeping for his department store. In 1958 Ross sold his store to William Isackson to become a residential and commercial real estate developer. Isackson built the company to six stores in the San Francisco Bay Area , located in San Bruno, Pacifica , Novato , Vacaville , Redwood City , and Castro Valley . In 1982 a group of investors, including Mervin Morris, founder of the Mervyn's chain of department stores, purchased

504-703: The chain's sales. The closures comprised 28 of the 40 stores in Texas , 15 stores in Michigan , 10 stores in Colorado , three stores in Oklahoma , 3 stores in Louisiana ; and one store closing in each state of Utah , Oregon , and California . Mervyn's had an enviable real estate portfolio, and it was believed they could further invest in those properties, and make themselves more competitive. In 2007, an additional 18 stores were closed. Of

540-484: The company had grown to a chain of more than 50 stores in three states, and Mervyn's was acquired by the Dayton Hudson Corporation (now Target 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 (1), Executive Team Leaders (2–4), Department Leaders (7–10), benefited team members (full-time employees not part of

576-438: The company to liquidate and close its remaining stores. The announcement came amidst an offer by fashion retailer Forever 21 to purchase 149 of the remaining Mervyn's stores for an undisclosed amount. The original negotiations failed, and Mervyn's liquidated all 149 stores under the bankruptcy action. Several months later, department store retailer Kohl's and Forever 21 prevailed in a joint bid at bankruptcy auction to take over

612-675: The country, but with no presence in New England , Alaska , and areas of the Midwest . The company also operates DD's Discounts , a discount department store chain with over 353 locations across the United States, most of which are located in Sun Belt states. Ross Department Store was first opened in San Bruno, California , in 1950 by Morris "Morrie" Ross. Morris would work 85 hours a week doing all of

648-668: The deal between Target Corporation selling their Marshall Field's division to The May Department Stores Company in June 2004. May purchased 9 Twin Cities area Mervyn's locations along with the Marshall Field's stores, and immediately announced closure of those Mervyn's stores. Analysts saw this as a move by the May Company to block competition from acquiring those locations. In July 2004, Target Corporation announced that Mervyn's had been sold to

684-421: 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, but the proposed revival never came to fruition. As of 2024, Meryvn's Department Store has returned as an online only store that specializes in selling closeout and overstock merchandise from other retailers. Mervin G. Morris founded

720-486: The first Mervyn's store in San Lorenzo, California , on July 29, 1949. The store was supposed to be named Mervin's , but a designer 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 between the cities of Hayward and San Leandro, composed of two- and three-bedroom tract homes built between 1944 and

756-507: The increased rent to finance the buyout. Although the company attempted to undergo reorganization under bankruptcy, Mervyn's ultimately succumbed to the ongoing Great Recession and announced that it would liquidate its assets through Chapter 7 of Title 11 in the United States Code, stating it "is the best course of action to maximize value for all of the company's creditors, employees and other stakeholders." The bankruptcy called for

SECTION 20

#1732869818130

792-478: The latter three locations became "double headers" for Dillard's. The eight other Florida stores weren't included in the deal and were sold to other retailers. Mervyn's had withdrawn from both Miami and Atlanta in 1997. During the 1990s, Mervyn's also expanded into Arizona, Colorado, Texas, Michigan, Minnesota, 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

828-492: The leadership team), and 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 one per every eight hours, and the leadership team was expected one per every 40 hours. Mervyn's entered Florida in 1988 with a store at Lakeland Square Mall in Lakeland , and began major expansions outside of California with Atlanta being

864-475: The leases of 46 Mervyn's stores; Kohl's has assumed 31 stores, while Forever 21 has assumed 15 stores. In a KPIX-TV interview on February 11, 2009, Mervin Morris's son Jeff revealed that the family had bought the Mervyn's name and intellectual property , including the company's customer list as part of an effort to relaunch the company. Morris did not say when the website would launch or how much it would cost, only that decisions will be up to his sons. In 2009,

900-583: The liquidation of assets from the stores affected. The closures also marked a complete retreat by Mervyn's from the Idaho market, whose sole store in Boise was one of the ones marked for closure. In Texas , a complete retreat was slated from San Antonio , where all three remaining stores were marked for closure, in addition to the closure of the sole stores in Lubbock , Midland , and Odessa . After these closures, Mervyn's

936-402: The outskirts of the mall. The Micronesia Mall opened on August 8, 1988, a date chosen by its owners for luck: The number "8" is considered a lucky number by Chinese and other Asian cultures. Its first store was a Sterling Department Store, which opened ahead of the rest of the mall. The store was later purchased by Liberty House in 1994, which was replaced by Macy's in 2001. A major expansion

972-427: The site of a particularly strong expansion campaign, followed by Miami in 1991 with the conversion of five Lord & Taylor locations-- Cutler Ridge Mall (1982), Coral Square (1984), Miami International Mall , Boynton Beach Mall (both 1985), and Treasure Coast Square (1987). Mervyn's had not previously had a retail presence in the southern U.S., taking over a handful of Jordan Marsh sites in 1992 (along with

1008-509: The six Ross Department Stores, changed the format to off-price retail units, and within three years rapidly expanded the chain to 107 stores under Stuart Moldaw and Don Rowlett. By the end of 1995 the chain reached an annual sales of $ 1.4 billion with 292 stores in 18 states. By 2012 Ross reached $ 9.7 billion for the fiscal year with 1,091 stores in 33 states with an additional 108 for DD's Discounts in 8 states. Ross moved its headquarters from Newark, California , to Pleasanton, California , in

1044-493: The store's back-to-school season sales efforts. In addition, financing requests were denied by lenders. This raised the possibility of the company having to file for Chapter 11 bankruptcy, or going out of business altogether. The company made no official comments at the time, but on July 29, 2008, Mervyn's announced that it had filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for

1080-577: The store) and North Point Mall in Alpharetta , which became Parisian and was rebuilt as AMC Theatres . This was also likewise done at the same time in Florida where the company sold ten stores to Dillard's , including the 5 aforementioned L&T stores, along with former JM boxes at Pompano Fashion Square , Broward Mall , and Melbourne Square in Melbourne , and 2 others (Lakeland Square and Pembroke Lakes),

1116-571: The stores closed, 17 were in Oregon and Washington , and one in Grand Junction, Colorado , which was the last remaining Mervyn's store in that state. Signs of financial distress and possible bankruptcy surfaced on July 21, 2008, when the Associated Press reported that Mervyn's had stopped updating its financial status and that the department store's vendors ceased shipping some products, hurting

Micronesia Mall - Misplaced Pages Continue

1152-473: Was an American middle-scale department store chain based in Hayward, California , and founded by Mervin G. Morris (1920–2021). It carried national brands of clothing, footwear, bedding, bath products, furniture, jewelry, beauty products, electronics, toys, and housewares. Many of the company's stores were opened in shopping malls ; however, some locations were operated independently. Based on 2005 revenue, Mervyn's

1188-457: Was completed in 1998, doubling the mall's size. Ross Stores Ross Stores, Inc. , operating under the brand name Ross Dress for Less , is an American chain of discount department stores headquartered in Dublin, California . It is the largest off-price retailer in the U.S.; as of July 2024, Ross operates 1,795 stores in 43 U.S. states , Washington, D.C. and Guam , covering much of

1224-515: Was launched to publicize the rebranding, with TV commercials and catalogs featuring former San Francisco 49ers ' quarterback Joe Montana . The rebranding had little effect on the company's revenues, and the "California" was dropped from the name in 2001, reverting to the original name. The majority of their stores in Texas didn't even consider adding the "California" name to their stores. In March 2004, Target Corporation announced that they planned to put

1260-635: Was left with about 150 stores: 16 in Arizona, 121 in California, three each in Nevada and New Mexico, seven in Texas and six in Utah. In September 2008, Mervyn's sued the financial institutions involved in the leveraged buyout of the chain, alleging that the deal had stripped the retailer of its real estate assets, forcing it into bankruptcy. Mervyn's said in the suit that Cerberus Capital Management and its partners had used

1296-459: Was the 83rd largest retailer in the United States . In 2006, Mervyn's had 189 stores in 10 states. One year later, after Mervyn's closed its stores in Oregon and Washington , 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. Every remaining location will be closed by

#129870