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Wiki Wiki Summary
Company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Inflation An infection is the invasion of an organism's body tissues by pathogens, their multiplication, and the reaction of host tissues to the infectious agents and the toxins they produce. An infectious disease, also known as a transmissible disease or communicable disease, is an illness resulting from an infection.
Impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as indexed by Clarivate's Web of Science. As a journal-level metric, it is frequently used as a proxy for the relative importance of a journal within its field; journals with higher impact factor values are given the status of being more important, or carry more prestige in their respective fields, than those with lower values.
Chemotaxis Chemotaxis (from chemo- + taxis) is the movement of an organism or entity in response to a chemical stimulus. Somatic cells, bacteria, and other single-cell or multicellular organisms direct their movements according to certain chemicals in their environment.
Profit (economics) An economic profit is the difference between the revenue a commercial entity has received from its outputs and the opportunity costs of its inputs. It equals to total revenue minus total cost, including both explicit and implicit costs.
National Rural Employment Guarantee Act, 2005 National Rural Employment Guarantee Act 2005 or NREGA (No 42), later renamed as the Mahatma Gandhi National Rural Employment Guarantee Act or MGNREGA in 2009, is an Indian labour law and social security measure that aims to guarantee the 'right to work'. This act was passed in 23 August 2005 under the UPA government of Prime Minister Manmohan Singh following tabling of the bill in parliament by the Minister for Rural Development Raghuvansh Prasad Singh.
Inflatable rat Inflatable rats, or union rats, are giant inflatables in the shape of cartoon rats, commonly used in the United States by protesting or striking trade unions. They serve as a sign of opposition against employers or nonunion contractors, and are intended to call public attention to companies employing nonunion labor.
U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation.: 2 \nIn addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes.
1996 California Proposition 218 Proposition 218 is an adopted initiative constitutional amendment which revolutionized local and regional government finance and taxation in California. Called the "Right to Vote on Taxes Act," it was sponsored by the Howard Jarvis Taxpayers Association as a constitutional follow-up to the landmark property tax reduction initiative constitutional amendment, Proposition 13, approved in 1978.
Best practice A best practice is a method or technique that has been generally accepted as superior to other known alternatives because it often produces results that are superior to those achieved by other means or because it has become a standard way of doing things, e.g., a standard way of complying with legal or ethical requirements.\nBest practices are used to maintain quality as an alternative to mandatory legislated standards and can be based on self-assessment or benchmarking.
NNN lease For United States commercial real estate, normally the landlord, rather than the tenant, is responsible for real estate taxes, maintenance, and insurance. In a "net lease," in addition to base rent, the tenant or lessee is responsible for paying, some or all of the recoverable expenses related to real-estate ownership.
Libor The London Inter-Bank Offered Rate is an interest-rate average calculated from estimates submitted by the leading banks in London. Each bank estimates what it would be charged were it to borrow from other banks.
Big-box store A big-box store (also hyperstore, supercenter, superstore, or megastore) is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store.
Genii Capital Genii Capital (simply known as Genii and stylized as GƎИII) is an international financial advisory and investment firm, which specialises in brand management, promising technologies, motorsport and a wide spectrum of venture capitalism activities. It was created in 2008, by two Luxembourger investors, Gerard Lopez and Eric Lux and has a particular focus on emerging markets, including the BRIC (Brazil, Russia, India and China) nations.
Quantum harmonic oscillator The quantum harmonic oscillator is the quantum-mechanical analog of the classical harmonic oscillator. Because an arbitrary smooth potential can usually be approximated as a harmonic potential at the vicinity of a stable equilibrium point, it is one of the most important model systems in quantum mechanics.
Onibaba (film) Onibaba (鬼婆, "Demon Hag") is a 1964 Japanese jidaigeki film written and directed by Kaneto Shindo. The film is set during a civil war in the fourteenth century.
Dependent type In computer science and logic, a dependent type is a type whose definition depends on a value. It is an overlapping feature of type theory and type systems.
Impulse purchase In the field of consumer behavior, an impulse purchase or impulse buying is an unplanned decision by a consumer to buy a product or service, made just before a purchase. One who tends to make such purchases is referred to as an impulse purchaser, impulse buyer, or compulsive buyer.
Online newspaper An online newspaper (or electronic news or electronic news publication) is the online version of a newspaper, either as a stand-alone publication or as the online version of a printed periodical.\nGoing online created more opportunities for newspapers, such as competing with broadcast journalism in presenting breaking news in a more timely manner.
Alternative fuel Alternative fuel, known as non-conventional and advanced fuels, are any materials or substances that can be used as fuels, other than conventional fuels like; fossil fuels (petroleum (oil), coal, and natural gas), as well as nuclear materials such as uranium and thorium, as well as artificial radioisotope fuels that are made in nuclear reactors.Some well-known alternative fuels include bio-diesel, bio-alcohol (methanol, ethanol, butane), refuse-derived fuel, chemically stored electricity (batteries and fuel cells), hydrogen, non-fossil methane, non-fossil natural gas, vegetable oil, propane and other biomass sources.\n\n\n== Background ==\nA fuel is any material that can be made to react with other substances so that it releases energy as heat energy or to be used for work.
Limited liability company A limited liability company (LLC) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Legal liability In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies.
Ogier (law firm) Ogier is a law firm which provides legal advice on BVI, Cayman, Guernsey, Jersey and Luxembourg law. The firm operates in nine jurisdictions in key financial centres, and maintains a presence in the BVI, Cayman, Guernsey, Hong Kong, Jersey, London, Luxembourg, Shanghai and Tokyo.
Operational objective In business, operational objectives (also known as tactical objectives) are short-term goals whose achievement brings an organization closer to its long-term goals. It is slightly different from strategic objectives, which are longer term goals of a business, but they are closely related, as a business will only be able to achieve strategic objectives when operational objectives have been met.
Engine efficiency Engine efficiency of thermal engines is the relationship between the total energy contained in the fuel, and the amount of energy used to perform useful work. There are two classifications of thermal engines-\n\nInternal combustion (gasoline, diesel and gas turbine-Brayton cycle engines) and\nExternal combustion engines (steam piston, steam turbine, and the Stirling cycle engine).Each of these engines has thermal efficiency characteristics that are unique to it.
British Armed Forces The British Armed Forces, also known as Her Majesty's Armed Forces, are the military services responsible for the defence of the United Kingdom, its Overseas Territories and the Crown Dependencies. They also promote the UK's wider interests, support international peacekeeping efforts and provide humanitarian aid.Since the formation of the Kingdom of Great Britain in 1707 (later succeeded by the United Kingdom), the armed forces have seen action in a number of major wars involving the world's great powers, including the Seven Years' War, the American Revolutionary War, the Napoleonic Wars, the 1853–1856 Crimean War, the First World War, and the Second World War.
2015 in British television This is a list of events that took place in 2015 related to British television.\n\n\n== Events ==\n\n\n=== January ===\n\n\n=== February ===\n\n\n=== March ===\n\n\n=== April ===\n\n\n=== May ===\n\n\n=== June ===\n\n\n=== July ===\n\n\n=== August ===\n\n\n=== September ===\n\n\n=== October ===\n\n\n=== November ===\n\n\n=== December ===\n\n\n== Most watched television ==\nThe entire series of Call the Midwife was successful in the ratings this year, with all eight episodes from its fourth series reaching the Top 20 most watched programmes watched in 2015.
PBS CBS Broadcasting, Inc., formerly Columbia Broadcasting System and commonly shortened to CBS, is an American commercial broadcast television and radio network that serves as the flagship property of the CBS Entertainment Group division of Paramount Global. The network is headquartered at the CBS Building in New York City, with major production facilities and operations at the CBS Broadcast Center in New York City, Paramount headquarters One Astor Plaza in Times Square, and Television City and the CBS Studio Center in Los Angeles.
Kroger The Kroger Company, or simply Kroger, is an American retail company that operates (either directly or through its subsidiaries) supermarkets and multi-department stores throughout the United States.Founded by Bernard Kroger in 1883 in Cincinnati, Ohio, Kroger operates a total of 2,726 grocery retail stores under its various banners and divisions in 35 states and the District of Columbia with store formats that include hypermarkets, supermarkets, superstores, department stores, and 137 jewelry stores (782 convenience stores were sold to EG Group in 2018). Kroger operates 33 food processing or manufacturing facilities, 1,613 supermarket fuel centers, 2,525 pharmacies, and 225 The Little Clinic in-store medical clinics.
Douglas H. Dority Douglas H. Dority was president of the United Food and Commercial Workers International Union (UFCW), one of North America's largest labor unions.\n\n\n== Early life ==\nDority was born on December 9, 1938 in Marion, Virginia.
List of ethnic slurs and epithets by ethnicity This list of ethnic slurs and epithets is sorted into categories that can defined by race, nationality or ethnicity.\n\n\n== Broader ethnic categories ==\n\n\n=== African ===\nAf\n(Rhodesia) African to a white Rhodesian (Rhodie).
Winona Ryder Winona Laura Horowitz (born October 29, 1971), professionally known as Winona Ryder, is an American actress. Originally playing quirky roles, in the 1990s, she rose to prominence for her more varying roles in productions of varying genres.
Historical fiction Historical fiction is a literary genre in which the plot takes place in a setting related to the past events, but is fictional. Although the term is commonly used as a synonym for the historical romance, it can also be applied to other types of narrative, including theatre, opera, cinema, and television, as well as video games and graphic novels.
Countershading Countershading, or Thayer's law, is a method of camouflage in which an animal's coloration is darker on the upper side and lighter on the underside of the body. This pattern is found in many species of mammals, reptiles, birds, fish, and insects, both predators and prey, and has occurred since at least between 145.5 and 65.5 million years ago, or the Cretaceous period.
Vesak Vesak (Pali: Vesākha, Sanskrit: Vaiśākha, Sinhala: වෙසක්), also known as Buddha Jayanti, Buddha Purnima and Buddha Day, is a holiday traditionally observed by Buddhists in South Asia and Southeast Asia as well as Tibet and Mongolia. The festival commemorates the birth, enlightenment (Nibbāna), and death (Parinirvāna) of Gautama Buddha in Theravada, Tibetan Buddhism and Navayana.The name Vesak is derived from the Pali term vesākha or Sanskrit vaiśākha for the lunar month of Vaisakha, which is considered the month of Buddha's birth.
Risk Factors
ARDEN GROUP INC Item 1A Risk Factors The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of the Company
Certain statements contained in this Item 1A, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in other parts of this report and in other Company filings are forward-looking statements
These statements discuss, among other things, future sales growth, operating results and financial condition
Forward-looking statements reflect the Company’s current plans and expectations regarding important risk factors and are based on information currently known to the Company
The Company cautions readers that any forward-looking statements contained in this report or made by the management of the Company involve risks and uncertainties, and are subject to change based on various important factors
The Company does not undertake any obligation to update forward-looking statements
The factors listed below, among others, could affect the Company’s financial results and could cause the Company’s financial performance to differ materially from the expectations expressed in any forward-looking statement made by or on behalf of the Company: Changes in Economic, Political or Social Conditions Our profitability may be impacted by overall economic conditions, particularly in Southern California
Changes in economic conditions such as inflation, employment levels, interest rates and tax rates may reduce consumer spending or influence our customers to shift their spending to 4 ______________________________________________________________________ our competitors
In addition, our business may be subject to interruption from acts of terrorism, national emergencies or natural disasters
Competition in the Grocery Business The retail grocery business is intensely competitive with respect to price, food quality and selection, service and location
During the past several years, there has been a consolidation in the supermarket industry
We are in direct competition with numerous local outlets of regional and national supermarket chains, independent grocery stores, convenience stores, specialty and gourmet markets and food departments in mass merchandise and club stores
There are a number of well established competitors with substantially greater financial, marketing, personnel and other resources than ours, some of which are also nonunion
We frequently face the opening of a new or remodeled competitor’s store
Competition also requires us to periodically remodel our existing stores, at ever-increasing costs, in order to maintain their appeal
An inability to successfully compete with other grocery retailers in our markets could prevent us from increasing or sustaining our revenues and profitability
Changes in Laws or Regulations or Failure to Comply We are subject to various federal, state and local laws, regulations and licensing requirements which regulate health and sanitation standards, food labeling and handling, the sale of alcoholic beverages, employment, working conditions, citizenship requirements and public accommodations
Changes to such laws or regulations may adversely affect our profitability by increasing our costs or affecting the sale of certain items
In addition, we must comply with state and local fire, zoning, land use and environmental regulations
Failure to comply with these regulations could adversely affect the operation of our existing stores or could delay or prevent the opening of a new store
Changes in Accounting Standards, Policies and Practices The issuance of new pronouncements or changes to existing accounting policies and practices could have a significant impact on our reported results or change the way we account for various transactions
New policies and changes to existing rules may adversely affect our reported financial results
Availability and Retention of Retail Space We currently lease the majority of our store locations
Typically, our supermarket leases have initial 20-year lease terms and may include options for up to an additional 20 years
The average term remaining on our supermarket leases, including renewal options, is approximately 22 years
Our revenues and profitability would be negatively impacted if we are unable to renew these leases at reasonable rates
Our continued growth depends to a significant degree on our ability to open or acquire new stores in existing and new markets and to operate these stores successfully
Our expansion strategy is dependent on finding suitable locations, and we face intense competition from other retailers for such sites
We may not be able to find suitable locations that meet our demographic requirements at a reasonable cost
5 ______________________________________________________________________ The Ability of our Vendors to Supply Products and Services in a Timely Manner Our business is dependent on our ability to purchase products from a large wholesaler and numerous smaller vendors in a timely manner and at competitive prices
The largest supplier for our stores is Unified, a cooperative wholesaler, who has provided product for our stores for thirty-one years
We currently procure approximately 18prca of our product from Unified
Any disruption in the business of Unified or any of our other principal suppliers could negatively impact our sales and profitability
Even where we have access to alternative sources of supply, the failure of a supplier to meet our demands may temporarily disrupt store level merchandise selection
Ability to Control Insurance Coverage Costs and Claims Experience We use a combination of insurance and self-insurance plans to provide for coverage associated with losses related to workers’ compensation, general and auto liability, property damage, director and officers liability, fiduciary, employment practices, business interruption, crime, earthquake and health care
The cost of insurance has risen significantly over the past few years and is expected to continue to increase in the future
These increases could have a negative impact on our profitability if we are not able to offset the effect of such increases with plan modifications, cost control measures, sales increases or by improving our operating efficiency
We are self-insured for workers compensation and general and auto liability
We have stop-loss insurance coverage to limit our exposure on a per claim basis and are insured for covered costs in excess of per claim limits
The Company devotes substantial time and effort to maintaining a safe environment in our stores and offices
However, the cost of both insured and self-insured plans is highly dependent upon legal and legislative trends, the inflation rate of premiums and our ability to manage claims
The Outcome of Current and Future Legal Proceedings From time to time we are the subject of complaints or litigation from customers alleging injury, food quality or operational concerns
We may be adversely affected by publicity resulting from such allegations, regardless of whether such allegations are valid or whether we are liable
We are also subject to complaints or allegations from former or current employees, claims concerning hazardous substances on our current or previously owned properties, class action suits concerning warning labels and other claims
A lawsuit or claim could result in a decision against us that could have an adverse effect on our business
Additionally, the cost of defending ourselves against lawsuits and claims, regardless of merit, could have a negative impact on our profitability
Impact of Local Projects in the Vicinity of our Supermarkets From time to time, local events or projects take place in the vicinity of our stores that may have a negative impact on our sales and profitability
Major road construction on Santa Monica Boulevard near our Century City store has been underway since March 2003
At times during the project, construction has, and will continue to occur directly in front of, or very close to the shopping center in which our store is located
This construction, together with a major remodel 6 ______________________________________________________________________ of the shopping center, has resulted in a significant decline in sales and profitability for the store
See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for further discussion
New Labor Contracts and Labor Stoppages The majority of our employees belong to a union with which we have signed a labor agreement which establishes rates of pay, benefits, working conditions and procedures for the orderly settlement of disputes
In the past, the UFCW (which the majority of our store employees belong to) has first negotiated with the major grocery retailers in our area
Subsequently, we have accepted terms that are similar to those agreed to by the major grocery retailers
In order to continue to attract and retain quality personnel, we may be forced to accept terms that increase our operating costs, which in turn, may negatively impact our profitability
In the future, the UFCW could choose to negotiate first with us and, if negotiations were unsuccessful, strike our stores
The current agreement expires in March 2007
Retention of Key Personnel Our success will continue to be dependent on our key operating employees
We must continue to attract, retain and motivate a sufficient number of qualified management and operating personnel and be able to replace senior management upon retirement
Individuals of this caliber are historically in short supply and this shortage may limit our ability to hire and retain qualified personnel, and thus, may hinder our ability to operate effectively
Stock Price Volatility The market price of our Class A Common Stock (Class A) could be subject to significant fluctuation in response to various market factors and events including general economic and market conditions, variations in our earnings results and publicity regarding us, our competitors and the grocery business in general
The stock market in recent years has experienced extreme price and volume fluctuations that often have been unrelated or disproportionate to the operating performance of companies
Furthermore, there is not a significant volume of trading in our Class A which subjects our stock price to a higher level of volatility and may adversely impact the liquidity of the stock
Fluctuations in our Class A price also impact compensation expense as it relates to our outstanding stock appreciation rights (SARs)