New York Department Stores was a chain of department stores operating in Puerto Rico .
85-562: In the 1930s, there were only small merchants in Puerto Rico. The island had not yet begun the industrialization process. People made their purchases in small stores known as " Five and Dime " stores, destined to disappear later on because prices increased and no merchandise could be purchased for five or ten cents anymore. Salomón Kogan came to the Island to try his luck. They came with $ 1,000 of capital. They intended to settle here and create
170-619: A £E 2.5 shop. Miniso is a Chinese variety store chain that specializes in household and consumer goods including cosmetics , stationery , toys, and kitchenware. In 2016, the company's sales revenue reached $ 1.5 billion. Miniso has expanded outside of the Chinese market and operates 1,800 stores in Asia, Europe, Oceania , Africa, North America, and South America. Bayam%C3%B3n, Puerto Rico Bayamón ( Spanish pronunciation: [baʝaˈmon] , locally [baʝaˈmoŋ] )
255-473: A $ 56 billion industry. Colliers International claims there are more dollar stores than drug stores. With stores of other types closing in large numbers, dollar stores often replace other types of stores in shopping centers. They succeed partly because of impulse purchases . The common term in North America for a small general merchandise store is general store . Frank Winfield Woolworth had seen
340-754: A New York Department Stores, it would be located on the Jose Mercado avenue of Caguas . On May 13, 1983, it was reported that New York Department Stores would be reopening in the following month of two of the stores that the Barkers chain had closed on the Island in January of that year. These would be a store in the Yauco shopping center, and another in the shopping center Los Dominicos, in Levittown , 32,250 square feet and 40,000 square feet, respectively. With
425-724: A certain amount of social exclusion . A map shows these communities occur in nearly every municipality of the commonwealth. Of the 742 places that were on the list in 2014, the following barrios, communities, sectors, or neighborhoods were in Bayamón: Abra Estrecha, Barriada Vista Alegre, Juan Sánchez, Nuevo, Bda. Cedeño in Pájaros, Collores in Santa Olaya, Corea, Dajaos, El Chícharo, Sector Gandul, El Volcán, La Cambija, La Caridad, La Morenita, Los Viejitos, Papito, Sergio Reyes, Parcelas Sabanas, and Punta Brava. Bayamón
510-661: A credit analyst at Bernard Sands' Credit Consultancy, who also reported the purchase agreement. Most of the stores bought by the Melville Corp. would be converted into Marshalls stores or closed. On October 26, 1995, Investcorp went on to mention that the New York Department Stores chain in Puerto Rico did so badly Investcorp gave up hope of recovery and returned the original investment to clients. Variety store A variety store (also five and dime (historic), pound shop , or dollar store )
595-882: A female volleyball team, named the Vaqueras de Bayamón , which plays for the Liga de Voleibol Superior Femenino . Bayamón was the home of the Puerto Rico Islanders and Puerto Rico FC of the North American Soccer League . The teams played at Juan Ramón Loubriel Stadium in Bayamón. The city's main soccer team, Bayamón FC , was founded in 1999, and play at matches at Bayamón Soccer Complex . The famous boxing fight between Alexis Argüello and Alfredo Escalera dubbed The Bloody Battle of Bayamon (their first; their equally legendary rematch
680-771: A ladies' clothing store. They decided to start in Caguas . A few months after being here, Roberto Kogan, Salomón's younger brother, arrived and together they started the business. In 1931, Salomón Kogan arrived in Puerto Rico from New York City. His sister Rosita, who also lived in New York City with her husband, Gregorio Kaufman, and their three children, arrived later. The Kogans were born in Russia but had lived in Cuba for nine years before moving to New York City, where they had language problems, then moving to Puerto Rico. Customers knew
765-534: A mil (referring to the one thousand Chilean pesos banknote). They are commonly located in middle-class neighbourhoods where big retail stores don't usually venture and in small commercial districts like the ones in Santiago . Variety stores in Colombia include Dollar City (Colombia version of Dollarama), D1, Ara, Miniso In South America, variety stores may be known as: In Egypt, a variety store may be called
850-747: A passport book with a page for each municipality. The Voy Turisteando Bayamón passport page lists Centro de Conservación de Manatíes , Paseo Lineal over the Bayamón River, and Ron Del Barrilito in the Hacienda Santa Ana , as places of interest. Ron del Barrilito located in the Hacienda Santa Ana is the oldest rum distillery in Puerto Rico. The hacienda features a nature trail . Bayamón celebrates its patron saint festival in May. The Festival de la Santa Cruz
935-510: A population of 185,187 as of the 2020 census , it is the second most populated municipality in the archipelago and island after the capital of San Juan . Two theories exist about the origin of the name Bayamón. According to one, it was named after the local cacique , Bahamon . The other theory states the name was derived from the Taino word Bayamongo , which is the native name of the river that runs across this region, implying that Bayamón
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#17328019395881020-470: A profit) that are: Not all variety stores are "single price-point" stores, even if their names imply it. For example, in the United States, Dollar General and Family Dollar sell items at more or less than a dollar. Some stores also sell goods priced at multiples of the named price and, conversely, multiple items for the price. The discrepancy with the nominal price is also compounded if sales tax
1105-567: A shoe concession in the New York Department Stores of Puerto Rico. The New York Department Stores had been established in Puerto Rico for 32 years up to that point and operated with a capital of over $ 12 million. On October 4, 1972, a new store would open at the Mayagüez Mall in Mayagüez . On April 7, 1981, New York Department Stores would celebrate its 50th anniversary. Projections for this year were told by Alberto Kaufman, nephew of
1190-676: Is Ramón Luis Rivera Jr. , of the New Progressive Party (PNP). He was elected at the 2000 general elections , succeeding his father, Ramón Luis Rivera , after 23 years. For a list of all the mayors of Bayamón see "External Links". The city belongs to the Puerto Rico Senatorial district II , which is represented by two Senators. Migdalia Padilla and Carmelo Ríos Santiago have served as District Senators since 2005. The municipio has an official flag and coat of arms. The current flag of Bayamón features
1275-514: Is Puerto Rico's second-most populous municipality and is part of the large metropolitan area centered around San Juan . Other cities included in the metropolitan area are Guaynabo , Cataño , Toa Baja , Canóvanas , Carolina and Trujillo Alto . Bayamón is served by the Luis Muñoz Marín International Airport . Despite the city's size, it has no weather station. The rivers that pass through Bayamón include
1360-526: Is a city and municipality in Puerto Rico . Located on the northeastern coastal plain, it is bounded by Guaynabo to the east, Toa Alta and Naranjito to the west, Toa Baja and Cataño to the north, and Aguas Buenas and Comerío to the south. Part of the San Juan metropolitan area , Bayamón is spread over 11 barrios and the downtown area and administrative center of Bayamón Pueblo . With
1445-680: Is a retail store that sells general merchandise, such as apparel , auto parts , dry goods , toys , hardware , furniture , and a selection of groceries . It usually sells them at discounted prices, sometimes at one or several fixed price points, such as one dollar, or historically, five and ten cents. Variety stores, as a category, are different from general merchandise superstores, hypermarkets (such as those operated by Target and Walmart ), warehouse clubs (such as Costco ), grocery stores , or department stores . Dollar stores that sell food have been alleged to create food deserts : areas with limited access to affordable and healthy food. This
1530-672: Is a major tourist activity in Bayamón. Plaza del Sol and Plaza Rio Hondo are large commercial centers in the city. A suspension bridge in Bayamón is a pedestrian-only bridge, at the time it was built, it was believed to be one of only three of its kind in Puerto Rico. To stimulate local tourism during the COVID-19 pandemic in Puerto Rico , the Puerto Rico Tourism Company launched the Voy Turistiendo (I'm Touring) campaign in 2021. The campaign featured
1615-495: Is a religious and cultural celebration that generally features parades, games, artisans, amusement rides, regional food, and live entertainment. Other festivals and events celebrated in Bayamón include: There are several professional and amateur sports team based in Bayamón. The Vaqueros de Bayamón are the local basketball team that plays at the Baloncesto Superior Nacional league. They are currently
1700-477: Is added at the point of sale . In many countries, stock can be imported from others with lower variable costs, because of differences in wages, resource costs or taxation. Usually, goods are imported by a general importer and then sold to the stores wholesale . Another source of stock is overruns, surplus items and out-of-date food products. Real Deals, a regional dollar store in the Syracuse , New York area,
1785-417: Is alleged to occur when dollar stores outcompete local businesses, and soon become some of the only grocery store–like businesses available in some areas. Some items are offered at a considerable discount over other retailers, whereas others are at the same price point. There are two ways variety stores make a profit: Variety stores with single price points buy products to fit those price points (while making
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#17328019395881870-497: Is considered an after-effect of a decade-long recession of the Japanese economy. Despite the emphasis on value, however, some items, such as chocolate bars, may be priced higher than they are at other stores. For a few years, 100-yen shops existed not as permanent stores, but as vendors under temporary, foldable tents. They were (and still are) typically found near the entrance areas of supermarkets. A major player in 100-yen shops
1955-692: Is not always true. For example, Atherton , California has a variety store within its city limits, even though it has a median household income of nearly $ 185,000 a year. Studies of food discounters in Great Britain show quite a varied demographic, and 99p Stores reported an increase in higher-income customers after the financial crisis of 2007–2008 . Dollar stores have been alleged by a number of studies, individuals, and organizations to proliferate food deserts : areas with limited access to healthy and affordable food. Dollar stores are alleged to outcompete local grocery stores, and end up being one of
2040-537: Is stocked almost entirely with surplus goods such as these. The legality of selling out-of-date goods varies between jurisdictions: in general, most items (with a few exceptions, particularly certain perishable food items depending on the state) can be sold in the United States regardless of their sell-by date, but in the United Kingdom it is illegal to sell goods after their "Use by" date. Although some people may link variety stores with low-income areas, this
2125-619: Is the Daiso chain. The first store opened in 1991, and there are now around 2,400 stores in Japan. This number is increasing by around 40 stores per month. Daiso has also expanded into North America, Australia, Asia, and the Middle East. In China, ¥ 2 (or ¥3, depending on the area's economic prosperity) shops have become a common sight in most cities. In Hong Kong, major department stores have opened their own $ 10 shops (US$ 1.28) to compete in
2210-462: Is the area around this main river, which later on became the center of the city's development. Bayamón is nicknamed "City of the Chicharrón " or " Pork Rind City" ( Ciudad del Chicharrón ) after the popular fried dish, locally known as chicharrón volao , that is often sold as street food. Other nicknames include "City of Cowboys" ( Ciudad de Vaqueros ), after the local sports team , "City of
2295-644: Is the site of several notable Puerto Rican landmarks and places of interest. Bayamón Central Park is a public park where people gather and relax. Bayamon also hosts the Braulio Castillo Theater, the Francisco Oller Museum, and the José Celso Barbosa Monument. The Bayamón City Hall building is notable by being built across a major divided highway. While walking through a connecting corridor, right above
2380-528: The Goya Foods factory in Bayamón sustained significant damage. Bayamón lies on the northern coastal plain region and Northern Karst Belt in northeastern Puerto Rico. It is bordered by the municipalities of Toa Baja , Cataño , Comerío , Aguas Buenas , Toa Alta , Naranjito , and Guaynabo . Bayamón has a surface area of 43.5 square miles (113.1 km2). The terrain is mostly flat, but it does include some large hills such as La Peña and Vergaras. Bayamón
2465-697: The Juan Ramón Loubriel Soccer Stadium , home of Puerto Rico's only professional soccer team, the Ruben Rodríguez Coliseum , home of the city's male basketball team and female volleyball team, and the Miguel J. Frau Gymnasium . The Rafael Martínez Nadal Sports Complex's main feature is the Pepín Cestero indoor court, where much of the city's minor league basketball and volleyball major events take place. Also,
2550-858: The Metropolitan University (Universidad Metropolitana), better known as UMET, has a campus in downtown Bayamón. The lone line of the Tren Urbano of the San Juan metropolitan area ends at Bayamón station , and three of its stops are located within the city. The Deportivo station , located off the PR-2 Highway, is near the Santa Rosa Mall , the Bayamón Court of First Instance, and the Onofre Carballeira Sports Complex which contains
2635-549: The Nordic cross found in many Northern European flags and is colored in blue and yellow over a white field. It was embroidered by Gloria M. León and maintains the design and colors of its coat of arms. This shield is a symbol and synthesis of the history and the values which distinguish the city of Bayamón. The main colors of the shield are blue and silver, representing the waters of the Bayamón River and recalling that it
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2720-578: The PR-5 Highway . The Paseo del Rio (Paseo Lineal) near the Bayamón River is a 6-mile stretch shared by joggers, walkers and cyclists. It is divided in two lanes, one for the bicycles and the other for running or walking. The Rio Bayamón Golf Course is located near one of the endpoints of the trail and is home to most golf activity in the region. Julio Enrique Monagas Park has trails used by mountain bikers to train and compete. It also has cliffs where rappelling enthusiasts can practice. Monagas, as
2805-895: The Río Bayamón , Río Hondo , Río Minillas , Río Bucarabones and Río Cuesta Arriba . Like all municipalities of Puerto Rico, Bayamón is subdivided into barrios . The municipal buildings, central square and large Catholic church are located in a small barrio referred to as "el pueblo" . Barrios (which are, in contemporary times, roughly comparable to minor civil divisions ) and subbarrios, are further subdivided into smaller areas called sectores ( sectors in English). The types of sectores may vary, from normally sector to urbanización to reparto to barriada to residencial , among others. Comunidades Especiales de Puerto Rico (Special Communities of Puerto Rico) are marginalized communities whose citizens are experiencing
2890-486: The 1950s and 1960s, Americans shopped more and more in malls rather than downtown shopping districts and although Newberry's and Woolworth's stores did open in the malls, starting around the 1970s, variety stores lost business to other retail formats such as office stores, low-price shoe chains, fabric stores, toy stores and discount drug stores like Thrifty Drug Stores . Grocery stores and drug stores sold more and more candy. The last US Woolworth's closed in 1997. Newberry's
2975-761: The American School. Bayamón also has many higher-learning institutions such as the University of Puerto Rico at Bayamón , which is one of the eleven campuses that comprise the University of Puerto Rico public university system. Furthermore, the city is also home to some of the most recognized private universities in the island, such as the Interamerican University of Puerto Rico and its School of Optometry, Bayamón Central University , American University of Puerto Rico , Universidad Central del Caribe , and some community colleges. In addition,
3060-408: The Bayamón River in 1750. The Spanish colonist Juan Ramírez de Arellano formally established Bayamón as a Spanish settlement on May 22, 1772, on a hill known as Alto del Embarcadero . The establishment of its current parish church on that same spot also dates to this year. In 1821, Marcos Xiorro , an African slave , planned to lead a revolt against the sugarcane plantation owners and
3145-434: The Bayamón school region. On the other hand, the city is also home to numerous private schools of which most have a religious affiliation. Some of the better known religious private schools include Colegio De La Salle , Academia Santo Tomás de Aquino, Academia Santa Rosa, Colegio Beato Carlos Manuel Rodríguez, and Academia Discípulos de Cristo (non-Catholic). Non-religious schools in the city include Bayamón Military Academy and
3230-712: The Efraín Calcaño Alicea Sports Complex located in the Lomas Verdes community is home to much of the track and field and swimming events in the region. The Honda Tennis Center, inaugurated in 2002, is composed of 16 tennis courts and is used by local tennis clubs as well as visitors. A pioneer in the development of soccer in Puerto Rico, mayor Ramón Luis Rivera Jr. inaugurated the Bayamón Soccer Complex in 2011, which consists of three professional soccer fields located off
3315-663: The Kogans and they consolidated the three stores in San Juan into one that they called New York Department Stores. They were no longer limited to bringing lots of suits for ladies since they had diversified the merchandise to the maximum. The next store was opened in Río Piedras . Many people believed that the New York Department Stores was American. Roberto Kogan pointed out that they named it in English because at that time New York
3400-569: The New York Dress Company. In 1936, they continued to reinvest. The next store was called Broadway Department Stores and was opened that year, also in San Juan . Soon after, and in the same area, they opened the Manhattan Department Stores. In 1940, they bought from Mr. Manuel Mato Santos a lot with two old houses to build there, at stop 16 of Santurce , a much more sophisticated and complete store than
3485-464: The Sciences" ( Ciudad de las Ciencias ) after the popular tourist educational attraction , and, more recently, Ciudad del Tapón , due to the high amounts of road traffic congestion there. The Taino , the indigenous peoples who encountered European explorers and settlers, were the long-time settlers in this area. Before the foundation of the municipality, Hacienda Santa Cruz was established near
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3570-465: The Spanish colonial government in Puerto Rico. The slave conspiracy was revealed and suppressed, but Xiorro became a hero among the slaves. He is part of Puerto Rico's folklore. Marco Xiorro was owned by Vicente Andino, a militia captain who owned a sugarcane plantation in Bayamón. An earthquake in 1867 caused damages in Bayamón, particularly to its parish church. Puerto Rico was ceded by Spain in
3655-541: The U.S. were Dollar General , Dollar Tree (which owns Family Dollar ), the 99 Cents Only Stores , and Five Below . Increasing revenue has led to growth for dollar store chains: by 2018, Dollar Tree had 14,000 locations in the U.S., and its expansion continued; in 2019, Dollar General had 15,000 locations in the US, and its expansion continued; and Five Below had 745 stores. In Japan, 100-yen shops (百円ショップ hyaku-en shoppu or 百均 hyakkin) have proliferated since around 2001. This
3740-495: The US. US Dollar stores were founded by entrepreneur Gaurav Sahni, owner of Nanson Overseas Private Limited. Nanson, operated by Gaurav Sahni and his brother Gautam Sahni, has had an established sourcing and consolidation network for over two decades, with supply bases worldwide. Direct sourcing without intermediaries and stocking a large variety of merchandise as and when needed has given the company an advantage. In Russia, Fix Price started selling all its items at 30 roubles and as
3825-613: The acquisition, had been appointed to chair the board of directors. De Fusco had more than thirty years of experience in the retail merchandise business. De Fusco said he hoped to give the new members of the management team the opportunity to invest in the new firm. He informed that this team would be primarily composed of current members and executives of the acquired companies. Michael Hess, the former president of Seedman's, would serve as president, and Miguel Delgado, former executive vice president of New York Department Stores, would serve as executive vice president and chief financial officer. It
3910-657: The aftermath of the Spanish–American War under the terms of the Treaty of Paris of 1898 and became a territory of the United States. In 1899, the United States Department of War conducted a census of Puerto Rico finding that the population of Bayamón was 19,940. The city grew considerably during the start of the 20th century. The area became home to numerous factories specializing in textiles, fertilizer, aluminum between 1901 and 1920. During this time
3995-492: The business grew, up to 55 roubles. It has now cancelled this practice and has become a typical discount store ). Marks & Spencer opened a stall in Kirkgate Market Leeds in 1884, proclaiming “Don’t ask the price, it’s a ’Penny”. Woolworth's opened its first store in the United Kingdom in 1909, when they were also colloquially known as " threepenny and sixpenny " stores, "3 d and 6d" being displayed on
4080-783: The city also became home to financial institutions such as the Puerto Rico Commercial Bank (Banco Comercial de Puerto Rico), the American Colonial Bank, the First National City Bank of New York , the Chase Manhattan Bank and the Banco Popular de Puerto Rico . This developed and strengthened Bayamón's economy and turned it into both an industrial and commercial hub. The city's infrastructure also developed with
4165-402: The community. The founding of the town of Bayamón is closely tied to the cultivation of sugarcane . The products currently grown in Bayamón include coffee , grapefruit , sugarcane, tobacco and vegetables. Bayamón was also the site where the first hydraulic sugar mill on the island was built in 1549. Notable malls are: Goya Foods has its Puerto Rico offices in Bayamón. Puerto Rico
4250-415: The company's food products, in each store. To-Fitness marketed a multigrain bread, pasta products and instant yogurt shakes. New York Department Stores operated 10 stores in Puerto Rico at the time, with reported revenues of $ 42 million for fiscal 1987. To-Fitness also said that Ronald J. DeFusco, former chief executive officer of Spartan-Atlantic Stores, would become chairman of the chain. The acquisition
4335-475: The custom of staying open until eleven past ten at night. Among other reasons, because the public that attended the cinema went shopping afterwards. In addition, there were no laws regulating the hours that employees had to comply with. The employers of that time, in most cases, demanded that the employees work until late at night. But the Kogan were changing the rule. They began to limit the number of hours worked and
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#17328019395884420-558: The day earlier. Melville was based in Rye, New York . Richard Posner, executive vice president of Credit Exchange in New York, said at the time the agreement in principle between Investcorp and Marshalls , a department store chain, was signed the week before. Posner said the agreement covered all but one of Investcorp's Puerto Rico stores. Terms weren't disclosed. Investcorp owned about 16 midsize department stores in Puerto Rico, said James Rice,
4505-467: The ease of selecting items. These shelves were painted in shades of green, blue, yellow, and coral, colors that were all refreshing to behold. One of the back walls of the store was built with special wood brought from the Orient. The fine grain of this panel, as well as its natural color, created a design that could not be duplicated by human hands. The person that was responsible for this striking decoration
4590-548: The entire shopping center from the floor of the New York Department Stores. To complete the beauty of this store, a mosaic mural had been ordered for the exterior wall. And would be revealed once finished. On November 27, 1964, a new store would open at the San Patricio Plaza shopping mall in Guaynabo . On October 17, 1969, it was reported that studies for a possible merger were undergoing. After two years of talks,
4675-484: The establishment of a bigger sewer system. The city was also host to some of the events of the VIII Pan American Games in 1979. Hurricane Maria struck Puerto Rico on September 20, 2017, causing large-scale damage and destruction to infrastructure. Numerous landslides occurred in Bayamón as a result of the hurricane's significant amount of rainfall. In Bayamón, around 300 homes were destroyed, and two people were killed by Hurricane María. Many municipal buildings, and
4760-488: The few options available for purchasing food in some communities. Dollar Tree has disputed this claim; it claimed that in a number of cases it created food options in food deserts. In 2023, Dollar Tree reportedly stopped selling eggs when the price of eggs increased. In line with these allegations, a number of U.S. states have passed restrictions on where new dollar stores can be opened. According to IBISWorld , dollar stores have grown 43 percent since 1998 and have become
4845-427: The late Salomón Kogan and then vice president of operations, informed that, among other things, they were already planning to expand the Caguas location. In addition, on April 20 they would inaugurate the remodeling that the Old San Juan branch had undergone. On February 10, 1983, it was reported that at a cost of $ 5 million, a new 60,000 square foot shopping center would be built that would primarily be anchored by
4930-419: The leaders as the team with the most championships in the history of the league (15), the last of which was achieved in 2020. The team's host venue is the Coliseo Rubén Rodríguez . The Vaqueros de Bayamón was also the name of the baseball club which played from 1974 through 2003 in the Professional Baseball League of Puerto Rico , and played its home games at Juan Ramón Loubriel Stadium . The city also has
5015-399: The leasing rights to the shopping centers where they are located. Pérez also said that in the Yauco and Levittown stores, the NYDS would maintain the central cashier system that Barkers used, as well as some additional cashiers in various departments, as was the concept used in its other stores. The manager of the Yauco store would be Luis Muñiz and that of Levittown, Antonio Picón. The chain at
5100-427: The locals refer to it, has trails for mountain bike riders of all skill levels. Unpaved roads for beginners, single tracks and very technical single tracks, some of them with downhills. After Hurricane Maria , the tracks were lost, yet by 2019, most of them had been repaired and reopened. The city also has many smaller baseball parks, open basketball courts, soccer fields, gymnasiums, and communal centers available to
5185-452: The market, and there are now "$ 8 shops" (US$ 1.02) and even "$ 2 shops" (US$ 0.26) competing at lower prices, especially in poorer communities. Low prices are helped by Hong Kong's lack of a sales tax and its access to the mainland. In Taiwan , fixed price stores can be found in many locations, including night markets, regular shopping streets, regular market stalls, and department stores. Two typical price points are NT$ 39 and NT$ 49. Given that
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#17328019395885270-469: The option by which a possible merger could be achieved between the New York Department Stores chain and the Beck Industries, Inc., was a possibility. The news was published by a continental newspaper, and confirmed by Mr. Maximo Crespo, controller at the time of the seven stores that the New York Department Stores operated. It was learned that the purchase price would be the combination of common and convertible preferred shares of Beck Industries. Inc., which had
5355-410: The origin and development of Bayamón. The five-tower crown, which is used for cities, was assigned to Bayamón as an exception for its extraordinary urban development, the magnitude of its population and for its religious dignity, which will possibly be raised to become Episcopal seat. The motto "IN HOC SIGNO VINCES" makes reference to Emperor Constantine when in the 4th century had the vision in which
5440-448: The other merchants imitated them since the bulk of the customers were attracted by the new department store. Another new element: in this store the public could select the products. The norm in other businesses was for a clerk, behind a counter, to make the sale. In 1942, World War II broke out. The owners of Kleins, the prestigious clothing store in San Juan, decided to leave Puerto Rico. The premises that Kleins occupied were acquired by
5525-541: The prevailing thought was an entire store could not maintain itself with all low-priced goods, but with Woolworth's success, many others followed their lead. Well-known dime store companies included: Of these, only Ben Franklin continues to exist in this form, while Kresge and Walton's became mega-retailers Kmart and Walmart , respectively. Beginning around the 1960s, others tried the larger " discount store " format, such as TG&Y Family Centers, W. T. Grant , and Woolworth's Woolco stores. With suburbanization in
5610-408: The previous. This was, according to Kogan, the first department store in Puerto Rico. In addition, it was air conditioned (only the Kleins store in the Old San Juan also had air conditioning) and set the pattern for a new schedule in local businesses. It was inaugurated on May 7, 1941. Business hours at that time were different. They closed at 12:00 noon and opened at 2:00 pm. Small businesses had
5695-509: The reopening of the stores, according to Rafael Pérez, then assistant vice president of finance for the NYDS, these would create around 100 new jobs, in addition to the 700 it already had with another 8 branches and a central warehouse that operated in Puerto Nuevo on the Island. The new stores were purchased at auction in New York City, where Barkers had filed for bankruptcy in January of that year for financial reasons. New York Department Stores paid approximately $ 500,000 for their equipment and
5780-449: The retail environment in Taiwan is already highly competitive, it is not unusual to see such stores fail. In India, US Dollar Store , founded in 2003, is a pioneer of single price stores. The merchandise for pilot stores was sent from America. As sales grew over the years with more than 200 operational stores in India, the merchandise is now imported from China, Indonesia, Thailand, Spain, Portugal, UK and various other countries as well as
5865-502: The road, pedestrians can see passing cars underneath. It is believed to be the only building of its class in the world. One of the most popular attractions in Bayamón is the Parque de las Ciencias . It is a science-themed park with various exhibitions and attractions. It is located in the middle of karstic hills. An observation building on one of the hills provides a good view of the metropolitan area. The building hosts antennas for government and civil communication. El parque del tren
5950-448: The shops' frontages. More modern counterparts include B&M , Boyes , Home Bargains , OneBeyond , Poundland and Poundstretcher . Variety stores in Guatemala include Dollar City. In Argentina, variety stores are called todo por dos pesos (everything for 2 pesos). Brazilians sometimes use the expression um e noventa e nove ( R$ 1,99) to refer to cheap, low quality things or even people. In Chile , they are called todo
6035-401: The store as "the shop of the jews". Because for them the religion was something striking. At that time there was no Jewish population in Puerto Rico. They received ladies suits from New York City and sold them for $ 1.00 and $ 1.95. And within a year of starting, they employed two sisters. They both tended the store while they explored other parts of the Island to expand the business. The next store
6120-638: The success in Michigan and western New York of so-called nickel stores , where everything cost five cents (the U.S. five cent coin is called a " nickel "). On February 22, 1879, Woolworth opened his Great Five Cent Store in Utica , New York, and it was his later success and expansion of that format as the F. W. Woolworth Company that would create the American institution of the "five and dime". There were many names for this type of store: Before Woolworth,
6205-427: The time had stores in San Juan , Caguas , Santurce , Río Piedras , Bayamón , Guaynabo , Arecibo , and Mayagüez. On September 8, 1987, it was announced that To-Fitness of Bay Harbour Island near Miami, a health food company, said it would buy New York Department Stores of Puerto Rico for $ 8.5 million cash and expand the chain in coming years. To-Fitness said it planned to open To-Fitness boutiques, featuring
6290-443: The victory was promised to him if it accepted the cross of Christianity as his banner. Like all municipalities, public education is administered by Puerto Rico Department of Education . Due to its population and location within the San Juan metropolitan region , Bayamón is home to many public and private schools. During the 2014–2015 academic year, over 150 public schools ranging from elementary school to high school were located in
6375-407: Was a park featuring what was then Puerto Rico 's only working train. It featured a DC-3 , which had been used by United Airlines . In 2001, the park was dismantled and destroyed in the course of major road construction. What is left of the park is a small plaza for activities and an area for jogging and passive entertainment. The area is now known as "Parque del Nino" or "Children's Park". Shopping
6460-469: Was ceded by Spain in the aftermath of the Spanish–American War under the terms of the Treaty of Paris of 1898 and became a territory of the United States . In 1899, the United States conducted its first census of Puerto Rico finding that the population of Bayamón was 19,940. All municipalities in Puerto Rico are administered by a mayor , elected every four years. The current mayor of Bayamón
6545-576: Was established in Guayama . The success obtained in Caguas was the reason to continue reinvesting. Then they opened one in Ponce but it did not have the expected success and so they moved it to Yauco . New York Dress Company was the name of the first store that later on opened in Old San Juan. Doña Felisa Rincón de Gautier, former mayor of San Juan , would also own a small women's dress shop next to
6630-597: Was held in Rimini, Italy) was held in Bayamón in 1978. Also, professional boxers Luis Del Valle , Wilfredo Vazquez and Wilfredo Vazquez Jr. are from Bayamón. International Boxing Hall of Fame member Hector Camacho was born in Bayamon. Current boxing prospect Jean "Chapito" Rivera is from the Bayamon. The municipal government of Bayamón manages a wide variety of recreational programs and recreational facilities for public use. The Onofre Carballeira Sports Complex consists of
6715-495: Was on these banks that the first hydraulic sugarcane refinery of Puerto Rico was established in 1549. The center contains the Holy Cross (Santa Cruz), patron of the first church of the municipality and the name of the old sugarcane refinery "Santa Cruz", which was the historical origin of the town of Bayamón. The sugarcane flowers ( guajana ) allude directly to the sugarcane industry that is of social and economic importance to
6800-472: Was one of the most famous interior decorators in the United States, Morris Ketchum Jr. , from New York City. Ketchum was chosen to design the windows and the color scheme of the store by its officials, since they wanted to offer the Puerto Rican people the most welcoming surroundings possible. Another feature of the store was its second floor, with all its glass windows. Visitors would have a full view of
6885-516: Was said that the largest investor in the transaction, other than De Fusco, was Investcorp , an international investment bank with offices in London, New York City and Bahrain , in the Middle East. Investcorp typically acted as a financial partner for corporate and real estate acquisitions. On May 4, 1994, Melville Corp.'s Marshalls unit agreed to acquire most of Investcorp's New York Department Stores of Puerto Rico Inc., credit-rating companies said
6970-655: Was sold to McCrory (who maintained the brand) in 1972, McCrory itself went bankrupt in 1992 and all their brands disappeared in 2002. Starting in the late 1990s, dollar stores expanded enough to gain the attention of the national press. They were popular not only their value but because freestanding smaller stores were located in small towns, downtowns, and across the cities and suburbs, they were often more convenient than mall stores. They continued to grow and by 2019, for example, Dollar Tree had higher annual sales than Macy's . Dollar and variety store revenue reached $ 77 billion in 2018. As of 2018, main dollar store chains in
7055-423: Was subject to approval by New York Department Stores shareholders. On August 2, 1988, investors would buy the New York Department Stores and another chain of stores Seedman's . The New York Department Stores of Puerto Rico Inc., Santurce Realty Inc. and Seedman's of Puerto Rico transferred 100% of their shares to the company, NYTSA Acquisition, effective last July 29. Ronald De Fusco, one of the largest investors in
7140-423: Was the center of fashion. In addition, the name caused a positive impact since everything that came from the United States was attractive. On April 1, 1947, a new New York Department Stores opened at the stop 17 of Santurce. It was designed by architect Henry Klumb. On July 1, 1947, the first credit cooperative on the Island was incorporated, it was organized in stores for the benefit of employees in these stores. It
7225-454: Was the second entity of this nature on the Island. On February 25, 1960, a new store opened at the “Bayamón Center” shopping center in Bayamón . It featured the first escalators in Puerto Rico, and the interior of the store was designed to offer all kinds of comforts to customers. Specially constructed shelves had been installed to offer a larger display area, while providing the consumer with
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