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The Cheesecake Factory is more than a staple of US shopping malls – it's a sign of financial health. Malls without a Cheesecake Factory were much more likely to be behind on their loans, Moody's found. AdvertisementAdvertisementThe Cheesecake Factory first opened in Beverly Hills, California, in 1978 and has since grown to more than 200 restaurants across North America. The chain is typically located in or near shopping malls — a commercial real estate segment that has seen a rough few years with changing shopping patterns. To see how that relationship plays out in real life, I headed off for lunch at my local Cheesecake Factory at the West Towne Mall in Madison, Wisconsin.
Persons: Moody's, , Matt Reidy, Reidy Organizations: Service, Sears, Nordstroms, Apple, Factory, West Locations: Beverly Hills , California, North America, West Towne, Madison , Wisconsin
For Amira Rasool, fashion is a lifelong passion. "I was always the person that laid out my first day of school outfit, like, two weeks before school," she says. That same year, she also traveled to South Africa, discovering local clothing brands she'd never heard of in the States. Many brands didn't have the technology, infrastructure to ship internationally or access to U.S. retailers to get their apparel outside of African borders. 'My mom would just ship the products from her place'After that initial visit to South Africa, Rasool sought out ways to return to the country to found her company.
Three-Stock Lunch: BBY, JWN and DLTR
  + stars: | 2022-11-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: BBY, JWN and DLTRScott Nations, CIO and president of NationsShares, joins 'Power Lunch' for a Three-Stock Lunch end of week rundown covering Best Buy, Nordstroms and Dollar Tree.
Blake Nordstrom's brothers, Pete and Erik Nordstrom, will continue to lead the company as co-presidents. Nordstrom, initially a shoe store, was founded by John W. Nordstrom and Carl F. Wallin in Seattle in 1901. John Nordstrom handed down the shoe store to his three sons, and over time it grew from a local Seattle business to the largest independent shoe store chain in the US. In 1971, the third generation of Nordstroms took the company public before opening the clearance outlet Nordstrom Rack in 1973. The fourth generation of Nordstroms — Blake, Pete, and Erik — took Nordstrom digital in 1998, launching Nordstrom.com.
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