The link at the title is a version of history of the company. It leaves out the sincere history of the company and how it is now a global entity. Needless to say, Wall Street has no interest in Mom and Pop. Believe it and Believe in Taking Back America again!
The venture capital syndicate led by William Blair Venture Partners and included First Chicago Venture Partners, Bain Capital, Phillips-Smith Venture Partners, Marquette Venture Partners, and Bessemer Securities; bought out large chair stores to create Sports Authority.
Romney was interested in empires, not companies. He was interested in narrowing the competition and creating monopolies which funnel profits to shareholders without interruption. The only competition sincerely left for companies like Sports Authority and Staples are other big box stores. At one point even Walmart was involved with Sports Authority. These empires are global and destroy competition and local economies.
We all know the Walmart hall of fame, Medicaid, Food Stamps, dangerous parking lots, gender and race discrimination, etc., etc., etc.
This is the paradigm Romney wants to bring to the USA. Low wages, no benefits and poverty. Unless, of course, a person is working for oil and gas companies, then the wages are probably better.
But, this only proves the Republicans have no ideas. They have greed and oppression. Don't speak the word, 'labor.' Shhhh.....workers rights? What are you crazy?
continued...
THE GART COMPANIES – HISTORY (CLICK HERE)
With a unique ability to identify a need, create demand and then deliver, Nathan Gart started his fishing and outdoor gear shop in 1928. With help from his brothers, and then his sons, Jerry and Mickey, Papa Gart’s original idea grew into the Gart Bros. Sporting Goods Company. The firm grew from the original ‘main store’, located in downtown Denver, to a regional chain of over 150 stores by the time the family left the firm in 1992....
The company was founded in 1919 (click here) by Jacob S. Oshman, an orphan Russian immigrant who arrived in Richmond, Texas, in 1914 to live with an aunt. He was only nineteen years old when he opened a small department store with a relative at Richmond in 1919. This store, which sold quality apparel, was followed by others at Bay City, Wharton, El Campo, and Pasadena. In 1932 Oshman moved to Houston, where he acquired the stock of a
Oshman's, acquired Abercrombie & Fitch Co. in 1978 for $1.5 million. That means Sports Authority actually owns Abercrombie and Fitch labels.Romney's idea of jobs and income is and has been the problem. Not the solution.
Ryan's government budget while destroying entitlements is the other half this disaster. They certainly know how to dissolve an economy. Why would anyone ever believe they can improve the circumstances of Americans.
There is nothing like dissolving a government so no one has to pay taxes anymore.The web never ends. The companies absorbed by Romney's companies he boasts 'he created' has dummied down 'the expert' in stores, cheapened the labor market through wages and benefits or lack there of and have been detrimental across the board to the economic outcomes of the USA.Romney just might be worse than the Koch Brothers. He actually seeks to sign his name to the end of the USA, not just its occupation by the plutocrats.
The pictures are Amercrombie and Fitch.
