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Corporate spin-off. A corporate spin-off, also known as a spin-out, [1] or starburst or hive-off, [2] is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. [3] It is distinct from a sell-off, where a company sells a section to another ...
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Merry-Go-Round – Merry-Go-Round had more than 500 locations during its heyday in the 1980s. It went bankrupt in 1995. Mervyn's – a California-based regional department store founded in 1949. Mervyn's ill-fated expansion out of West Coast markets in the months before a recession sent the company into bankruptcy in 2008.
Borders going out of business. Borders. Year opened: 1971. Year closed: 2011. In a pre-e-reader, pre-Amazon world, browsing books at Borders was an idyllic way to spend an afternoon. The mega ...
September 22, 2021 at 6:00 AM. onfilm/istockphoto. Sears and its sister company Kmart continue their slow demise, with a just-announced round of closings that will leave the chains with 19 and 16 ...
From when Fry's put out this statement until early 2021, four additional stores closed (three were in California, and one in Duluth, Georgia), which further led many to believe that the company would soon go out of business. Online sales operation. Fry's Electronics was late in establishing an online sales presence.
Cryonics (from Greek: κρύοςkryos meaning 'cold') is the low-temperature freezing (usually at −196 °C or −320.8 °F or 77.1 K) and storage of human remains, with the speculative hope that resurrection may be possible in the future. [1] [2] Cryonics is regarded with skepticism within the mainstream scientific community.
Closeout (sale) A closeout or clearance sale ( 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]