Kids

Scholastic Inc. Corporate Office

Scholastic Corporation was founded by Maurice R. Robinson as the Scholastic Publishing Company in Wilkinsburg, Pennsylvania in 1920. At first, the company was a publisher of youth magazines.

In 1926 Scholastic published its first book, a collection of writings by student winners of the Scholastic Writing Awards

When low-priced paperback books became available after World War II, Scholastic entered the school book club business and began offering classic books at twenty-five cents.

Scholastic expanded internationally in 1957 when the company opened an office in Canada.

The company published books under its division, Scholastic Book Services, which were offered to schools via mail-order catalogs.

In 1997 Scholastic purchased the exclusive U.S. publishing rights to the first Harry Potter book. It has continued to publish wildly popular Harry Potter books.

Today Scholastic is known for publishing educational materials for schools, teachers, parents, and children, and selling and distributing them by mail-order, via books clubs and fairs, and through their online store. The company has the exclusive United States publishing rights to the Harry Potter and The Hunger Games books series. The company’s official mascot is Clifford the Big Red Dog.

Scholastic has 8,900 employees, trades publicly on the NASDAQ, and had $1.6 billion in revenue in 2016.

Scholastic books often make children’s best sellers lists.

In July 2022, Scholastic recalled one of their books for toddlers as the pom poms attached to the book “Shake, Look, Touch” could fall off and cause a choking hazard.

Scholastic maintains a corporate office in New York, New York.

Scholastic

Scholastic Corporation was founded by Maurice R. Robinson as the Scholastic Publishing Company in Wilkinsburg, Pennsylvania in 1920. At first, the company was a publisher of youth magazines.

In 1926 Scholastic published its first book, a collection of writings by student winners of the Scholastic Writing Awards

History

When low-priced paperback books became available after World War II, Scholastic entered the school book club business and began offering classic books at twenty-five cents.

Scholastic expanded internationally in 1957 when the company opened an office in Canada.

The company published books under its division, Scholastic Book Services, which were offered to schools via mail-order catalogs.

In 1997 Scholastic purchased the exclusive U.S. publishing rights to the first Harry Potter book. It has continued to publish wildly popular Harry Potter books.

Scholastic has 8,900 employees, trades publicly on the NASDAQ, and had $1.6 billion in revenue in 2016.

Scholastic books often make children’s best sellers lists.

In July 2022, Scholastic recalled one of their books for toddlers as the pom poms attached to the book “Shake, Look, Touch” could fall off and cause a choking hazard.

Scholastic maintains a corporate office in New York, New York.

Wayfair Corporate Office

Entrepreneurs Niraj Shah and Steve Conine founded Wayfair in 2002 in Boston, Massachusetts as CSN Stores. Wayfair was their third company.

CSN Stores was launched as a single website, www.racksandstands.com, which sold media stands and storage furniture.

Over the following two years, the company expanded its product line to include home goods, office, institutional, kitchen, dining, bed and bath, home improvement, luggage, and lighting.

In 2006 CSN reached $100 million in sales.

In 2008 the company expanded to Canada and the U.K., and in 2009 to Australia and Germany.

By 2011 CSN Stores owned over 200 online stores. The same year, founders Shah and Conine decided to rebrand the site in an effort to unify the brand and redirect web traffic to one site, changing the name of the company to Wayfair.

The company went public in late 2014 on the NASDAQ and can be found under the ticker symbol: W:US. The company was valued at that time at $2 billion.

Despite spending more than $500 million on advertising and increased sales of more than 50%, the company posted a second-quarter loss of $100 million.

In mid-2018, the company announced that it planned to open its first retail location in Cincinnati, Ohio, in late 2018. An exact date has yet to be announced.

Wayfair employees threatened to walk off the job after discovering that the company has sold furniture to contractors who are operating the detention centers that house migrant children who are separated from family members per the Trump administration. The company responded by saying it was a company practice to fulfill orders to clients. The walkout is scheduled for June 26, 2019.

Today Wayfair is the 33rd largest online retailer for home goods and furniture in the U.S. with $4.72 billion in revenue in 2017.

Wayfair

Entrepreneurs Niraj Shah and Steve Conine founded Wayfair in 2002 in Boston, Massachusetts as CSN Stores. Wayfair was their third company.

CSN Stores was launched as a single website, www.racksandstands.com, which sold media stands and storage furniture.

History

Over the following two years, the company expanded its product line to include home goods, office, institutional, kitchen, dining, bed and bath, home improvement, luggage, and lighting.

In 2006 CSN reached $100 million in sales.

In 2008 the company expanded to Canada and the U.K., and in 2009 to Australia and Germany.

The company went public in late 2014 on the NASDAQ and can be found under the ticker symbol: W:US. The company was valued at that time at $2 billion.

Despite spending more than $500 million on advertising and increased sales of more than 50%, the company posted a second-quarter loss of $100 million.

In mid-2018, the company announced that it planned to open its first retail location in Cincinnati, Ohio, in late 2018. An exact date has yet to be announced.

Today Wayfair is the 33rd largest online retailer for home goods and furniture in the U.S. with $4.72 billion in revenue in 2017.

Gilt Groupe Corporate Office

Kevin Ryan had the idea for Gilt Groupe in 2007. He invited Mike Bryzek and Phong Nguyen to be part of the team as the technical masterminds. He later invited Alexis Maybank and Alexandra Wilkis Wilson, who had backgrounds in e-commerce and luxury goods.

This founding team of five created a members-only website where new sales last 36-48 hours and feature merchandise from a single brand or a small group of brands. Gilt purchases inventory at a deep discount and adds a margin on top of that price to make a profit.

The company started with women’s clothing in 2007 and expanded to men’s clothing in 2008. In 2009 Gilt Groupe expanded to Japan, began Gilt Fuse, and started travel site Jettsetter. Gilt City and Gilt Home began in 2010, and Gilt Taste in 2011.

Gilt Groupe had $450 million in sales in 2011 and $550 million in sales in 2012. The company is valued at $1 billion and is beginning to talk about a possible future IPO.

Gilt Groupe

History

Gilt Groupe had $450 million in sales in 2011 and $550 million in sales in 2012. The company is valued at $1 billion and is beginning to talk about a possible future IPO.

Saks Fifth Avenue Corporate Office

Andrew Saks founded Saks & Company in New York in 1867. The company was incorporated in 1902.

In 1923 Saks & Co. merged with Gimbel Brothers, Inc. In 1924 Horace Saks and Bernard Gimbel opened Saks Fifth Avenue in New York City.

When Bernard’s brother, Adam Gimbel, took over the company in 1926 the company began to expand nationally.

In 1973 Saks was acquired by BATUS Inc. Saks was sold again in 1990, this time to Investcorp S.A. Investcorp took the company public in 1996.

In August of 2007, the United States Post Office began an experimental program selling the plus zip code extension to businesses. The first company to do so was Saks Fifth Avenue, which received the zip code of 10022-7463 (“SHOE”) for their eighth-floor shoe department in its flagship Fifth Avenue, New York, location.

In 2013 the Hudson Bay Company (owners of competitor Lord & Taylor) announced it would acquire Saks Fifth Avenue’s parent company for $2.9 billion. The new owners are planning to expand Saks Fifth Avenue into Canada and in 2016, opened their first store in Toronto, with a second location opening in Calgary, Alberta, in February of 2018.

In 2015, the company began a 3-year, $250 million restoration plan for their flagship Fifth Avenue location. Completion is expected by the end of 2018.

In August 2023, Neiman Marcus was in talks with Saks about a possible merger.

Saks 5th Avenue maintains a corporate office in New York, New York.

Saks Fifth Avenue

Andrew Saks founded Saks & Company in New York in 1867. The company was incorporated in 1902.

In 1923 Saks & Co. merged with Gimbel Brothers, Inc. In 1924 Horace Saks and Bernard Gimbel opened Saks Fifth Avenue in New York City.

History

When Bernard’s brother, Adam Gimbel, took over the company in 1926 the company began to expand nationally.

In 1973 Saks was acquired by BATUS Inc. Saks was sold again in 1990, this time to Investcorp S.A. Investcorp took the company public in 1996.

In 2015, the company began a 3-year, $250 million restoration plan for their flagship Fifth Avenue location. Completion is expected by the end of 2018.

In August 2023, Neiman Marcus was in talks with Saks about a possible merger.

Saks 5th Avenue maintains a corporate office in New York, New York.

Rakuten.com Shopping Corporate Office

Scott Blum founded Buy.com in 1997. The company sold electronics at below cost and made up the difference with advertising and ancillary services like warranties and equipment leases.

Buy.com had the record for first year sales of any company with $111 million in 1998, its first full year of business.

Scott Blum sold his stake in the company to SoftBank in 1999 for $195 million, right before the company filed an IPO. Stock values plummeted the following year and he bought his stake back for $23.6 million in 2001.

In 2002 Buy.com expanded beyond electronics and began adding soft goods to their catalog.

Buy.com has an extensive eBay store and has over 1 million positive reviews.

In 2010 Buy.com was acquired by Rakuten, Inc., Japan’s biggest e-commerce company. The acquisition had an approximate value of $250 million.

In 2013 Rakuten, Inc. announced the official rebranding of Buy.com to “Rakuten.com Shopping.”

Rakuten.com Shopping offers more than 17 million products and is ranked in the top three e-commerce companies in the world.

Rakuten.com Shopping

Scott Blum founded Buy.com in 1997. The company sold electronics at below cost and made up the difference with advertising and ancillary services like warranties and equipment leases.

Buy.com had the record for first year sales of any company with $111 million in 1998, its first full year of business.

History

In 2002 Buy.com expanded beyond electronics and began adding soft goods to their catalog.

Buy.com has an extensive eBay store and has over 1 million positive reviews.

In 2010 Buy.com was acquired by Rakuten, Inc., Japan’s biggest e-commerce company. The acquisition had an approximate value of $250 million.

In 2013 Rakuten, Inc. announced the official rebranding of Buy.com to “Rakuten.com Shopping.”

Rakuten.com Shopping offers more than 17 million products and is ranked in the top three e-commerce companies in the world.