354:
161:
346:
323:
In March 2007, the newly acquired company announced that it was dropping the "G. I." from its name to become simply Joe's in order to better reflect its product line, which had not included military surplus in many years. The name change took effect on April 1, 2007. Also that year, the company
389:, into what will be the second Dick's Sporting Goods in the state. Dick's later took over five other former Joe's locations in Oregon, and along with the Hillsboro site, all had been part of the plan by the former managers to resurrect a small part of the company. Another Joe's in
411:, in attempt to start a new version of the old company, but using the original G.I. Joe's moniker. Within six months, the attempt had failed after the former executives, a group that included the son of the G.I. Joe's founder Edward Orkney, were sued for trademark infringement by
365:
that paralyzed major cities as
Christmas approached. Joe's then fell into violation of several loan covenants with its main lenders. Despite some efforts by the owners to infuse capital into the company, the lenders declined to restructure the loans and loan more money to Joe's.
336:
race in
Portland before the event ended after the 2007 race. In January 2008, Hal Smith replaced Norm Daniels as the company's CEO. The company hit a high of $ 274 million (~$ 381 million in 2023) in revenue for the sales year ending in 2008.
240:, to sell them to the public. Orkney sold out of the sleeping bags and then started selling other army surplus merchandise in a store that then doubled in size by 1956, making it Portland's largest retailer of sporting goods and outdoor gear.
295:
By 2000, revenue had increased to $ 161 million from 17 stores, making G.I. Joe's the 12th largest sporting goods retailer in the United States, and largest in the
Pacific Northwest. It was also the 142nd largest retailer overall in the
309:
260:
supplies, and apparel. In 1976, Orkney died and his son, David Orkney, took over the business. A distribution center was built in 1979 in
Wilsonville, with that facility expanded in 1986. G.I. Joe's opened its eighth store, located in
879:
373:
reorganization with hopes of selling the company. Although the company had hoped "that some portion of the business could survive", "insufficient sources of capital" meant that the company had to accept a bid from a liquidator,
243:
During the 1960s, Orkney transitioned the company away from military surplus and towards an eclectic combination of sporting goods, automotive parts, and hardware; the 1970s saw the company become a chain within the
427:
In addition to the retail stores, G.I. Joe's operated an online subsidiary called Joe's Direct. Joe's Direct was created in late 1998 when
Timberline Direct, a catalog and electronic commerce firm based in
276:
and longtime-employee Norm
Daniels assumed the role. The new Seattle store was about the same size as the Portland area stores, but re-focused on two product lines: automotive parts and sporting goods.
2068:
1827:
1693:
284:(IPO) of stock to the general public. The plan was to use the cash from the sale of shares to fund an expansion program in order to become more of a regional chain. The company even filed with the
1049:
Six years ago, at age 27, Spink gained attention in
Portland with a $ 5.4 million deal to sell Timberline Direct, a fitness product catalog business, to GI Joe's, a chain of sporting goods stores.
1644:
887:
265:, in 1983. At the time, the company also operated 16 The Jean Machine stores, and the two chains had combined annual revenue of $ 68 million (~$ 182 million in 2023) in 1982.
2033:
2038:
2028:
1804:
454:
was published in
November 2015 by Columbia Press. It was written by Janna Orkney, the store founder Ed Orkney's daughter, and tells the story of G.I. Joe's founding and growth.
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415:, the company that had acquired the right to the name and related trademarks such as "Seize the Weekend". The former executives had thought they had
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443:. As of June 2010, UFA uses the domains it acquired to redirect traffic to a website for its U.S. sporting goods business, Wholesale Sports.
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378:. The company began liquidation sales on April 10, 2009, and all stores were closed by the end of May with 1600 employees laid off.
42:
2007:
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Growing Up With G.I. Joe's — From war surplus store in a tent to
Pacific Northwest retail chain, how Ed Orkney built G.I. Joe's
105:
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market and had increased to 14 stores with revenue of $ 135 million. The next year David Orkney stepped down as the
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In
January 2010, former Joe's executives established a small storefront in a strip mall in the Portland suburb of
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675:"Top Sporting Goods retailers - ranked by sales in 2001 - Brief Article - Statistical Data Included"
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795:"Champ Car announces G. I. Joe's to be presenting sponsor of Champ Car Grand Prix of Portland"
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in late 1998 for an IPO, but the next year the plan was withdrawn when the expected
1324:
1208:
703:
Annual Retailer Ranking by Sales - 1-40 - Illustration - Statistical Data Included.
682:
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328:, and announced plans to build a new distribution center at its headquarters in
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981:"Owner of G.I. Joe's name blocks plan to resurrect Portland outdoor retailer"
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17:
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On February 5, 2007, G.I. Joe's was sold to Gryphon Investors in a
1405:
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344:
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196:
Founded in 1952, the company had as many as 31 stores, located in
385:
announced it would begin renovating the former Joe's location in
1096:
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320:
deal that was later reported to be for about $ 50 million.
253:
1828:
List of banks acquired or bankrupted during the Great Recession
1662:
1409:
1119:
797:(Press release). G. I. Joe's. February 11, 2005. Archived from
626:
Joe's Sports & Outdoor plans to expand distribution center.
332:. The company was a regular presenting sponsor of the annual
393:
was acquired by Dick's in January 2010 for a March opening.
280:
In 1998, the company made plans to go public by issuing an
324:
opened its 28th store, and first in Idaho with a store in
1694:
Dodd–Frank Wall Street Reform and Consumer Protection Act
149:
2069:
Companies that filed for Chapter 11 bankruptcy in 2009
1805:
National fiscal policy response to the Great Recession
1063:"Joe's the latest defunct retailer resurrected online"
361:
December 2008 sales dropped off by 10%, partly due to
292:
was not as high as had been hoped for by the company.
232:
G.I. Joe's began in 1952 when Edward Orkney purchased
910:"Dick's to open Nov. 8 in six former Joe's locations"
477:; by his daughter Janna Orkney; Columbia Press 2015;
784:
Global Events Group. Retrieved on February 26, 2008.
506:"$ 61 million buys Joe's; big clean-out sale begins"
248:, with its line of merchandise expanding to include
1950:
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Logo in the company's final two years of operation.
144:
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94:
84:
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68:
58:
48:
1924:(Europe, Middle East and North Africa, Asia; 2009)
1156:Peak annual revenues of $ 100 million or more
855:"Joe's Sports & Outdoor files for bankruptcy"
432:, was acquired by the company for $ 5.4 million.
880:"Joe's loss becomes Dick's Sporting Goods' gain"
828:Manning, Jeff; Laura Gunderson (May 29, 2009).
2034:Automotive part retailers of the United States
1775:American Recovery and Reinvestment Act of 2009
1640:Office of Federal Housing Enterprise Oversight
419:since the UFA wasn't actively using the name.
27:For the toy line and the franchise to it, see
2039:Sporting goods retailers of the United States
2029:Defunct retail companies of the United States
1421:
1131:
8:
1699:Emergency Economic Stabilization Act of 2008
974:
972:
951:"(G.I.) Joe's veterans gear up for comeback"
357:Lake Stevens, Washington store in May 2009.
212:. In 2007, the company changed its name to
34:
1037:"Ex-Portland millionaire in cocaine bust".
1833:
1790:Fraud Enforcement and Recovery Act of 2009
1729:
1714:Term Asset-Backed Securities Loan Facility
1659:
1428:
1414:
1406:
1138:
1124:
1116:
933:Three new retail stores coming to Meridian
648:"G.I. Joe's store to open - 10 years late"
159:
33:
1970:Effects of the Great Recession on museums
1800:Housing and Economic Recovery Act of 2008
1684:China–Japan–South Korea trilateral summit
823:
821:
819:
817:
815:
593:
591:
589:
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1664:Government policy and spending responses
1630:Government National Mortgage Association
908:Brinckman, Jonathan (October 16, 2009).
641:
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236:sleeping bags and then set up a tent in
2064:Retail companies disestablished in 2009
1724:2008 United Kingdom bank rescue package
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462:
381:In June 2009, a general contractor for
286:U.S. Securities and Exchange Commission
173:was a privately owned retail chain for
2054:American companies established in 1952
2049:Companies based in Wilsonville, Oregon
830:"Joe's demise 'didn't have to happen'"
621:
619:
468:
466:
369:On March 4, 2009, the chain filed for
1709:Temporary Liquidity Guarantee Program
1679:Banking (Special Provisions) Act 2008
1600:Federal Deposit Insurance Corporation
1061:Gunderson, Laura (December 3, 2009).
705:BNET. Retrieved on February 26, 2008.
7:
2059:Retail companies established in 1952
1595:Consumer Financial Protection Bureau
733:"No longer a G.I. at retailer Joe's"
435:The online presence was operated by
349:Company's headquarters in June 2009.
140:sporting goods, clothing, auto parts
1885:Collateralized mortgage obligations
403:Trademark § Maintaining rights
1146:Large companies formerly based in
979:Gunderson, Laura (June 26, 2010).
853:Gunderson, Laura (March 4, 2009).
504:Gunderson, Laura (April 9, 2009).
363:winter snowstorms in the Northwest
268:In 1991 the chain expanded to the
25:
2044:Defunct companies based in Oregon
1980:2007–2008 world food price crisis
1780:Chinese economic stimulus program
1765:2008 European Union stimulus plan
1689:Commercial Paper Funding Facility
603:Encyclopedia of Company Histories
2079:2009 disestablishments in Oregon
2008:List of countries by public debt
1635:National Asset Management Agency
1367:Evergreen International Aviation
949:Gunderson, Laura (May 1, 2010).
743:. March 29, 2007. Archived from
646:Barker, George (March 9, 1983).
303:
40:
1963:2008 Central Asia energy crisis
1880:Collateralized debt obligations
1092:Growing Up With G.I. Joe's Blog
439:, and was sold to Canada-based
1770:2008–2009 Keynesian resurgence
1615:Federal Housing Finance Agency
1610:Federal Housing Administration
185:; that operated stores in the
1:
2074:1952 establishments in Oregon
1785:Economic Stimulus Act of 2008
1719:Troubled Asset Relief Program
1645:Office of Financial Stability
1620:Federal Housing Finance Board
1554:Société Générale trading loss
1221:Electro Scientific Industries
878:Graf, Tyler (June 30, 2009).
1704:Irish emergency budget, 2009
1047:. 4 March 2005. p. C5.
537:. G.I. Joes. Archived from
304:G.I. Joe's changes to Joe's
2095:
2003:2007–2008 financial crisis
1895:Mortgage-backed securities
1506:Automotive industry crisis
1098:Growing Up With G.I. Joe's
1008:"G.I. Joe's, Inc. History"
715:Joe's names new president.
452:Growing Up With G.I. Joe's
400:
246:Portland metropolitan area
191:northwestern United States
26:
1993:
1900:Secondary mortgage market
1821:rescues, and acquisitions
1819:Government interventions,
1810:Zero interest-rate policy
1658:
1521:Housing market correction
1267:McCormick & Schmick's
1154:
884:Daily Journal of Commerce
769:Portland Business Journal
719:Portland Business Journal
630:Portland Business Journal
39:
1918:(United States; c. 2009)
1650:UK Financial Investments
1535:Banking losses and fraud
1526:Subprime mortgage crisis
1511:California budget crisis
1395:White Stag Manufacturing
1355:Consolidated Freightways
1307:Sequent Computer Systems
441:UFA Co-operative Limited
216:. In 2009, it filed for
1936:(worldwide; 2011–2012)
1875:Auction rate securities
1605:Federal Home Loan Banks
765:Joe's expands to Idaho.
282:initial public offering
274:chief executive officer
1625:Federal Reserve System
1499:United States-specific
1372:Floating Point Systems
358:
350:
313:
121:45.31833°N 122.77694°W
89:Chapter 11 liquidation
1975:Decline of newspapers
1922:2009 May Day protests
1868:and financial markets
1758:Stimulus and recovery
1336:Willamette Industries
1202:out-of-state entities
571:. fundinguniverse.com
383:Dick's Sporting Goods
371:Chapter 11 bankruptcy
356:
348:
311:
1998:European debt crisis
1890:Credit default swaps
1866:Securities involved
1672:stability and reform
1110:book by Janna Orkney
300:by revenue in 2000.
228:20th-century history
126:45.31833; -122.77694
1958:2000s energy crisis
1670:Banking and finance
1588:Government entities
801:on October 24, 2006
782:Champ Car Portland.
722:, January 14, 2008.
679:DSN Retailing Today
210:Wilsonville, Oregon
117: /
99:Wilsonville, Oregon
36:
1940:Occupy Wall Street
1916:Tea Party protests
1574:Scott W. Rothstein
1313:StanCorp Financial
1290:Oregon Steel Mills
1162:Moved out of state
1104:2016-10-11 at the
653:The Register Guard
633:, August 28, 2007.
599:"G.I. Joe's, Inc."
535:"About G.I. Joe's"
359:
351:
314:
208:. It was based in
2016:
2015:
1985:Retail apocalypse
1930:(MENA; 2010–2012)
1861:
1860:
1857:
1856:
1753:
1752:
1733:Bank stress tests
1403:
1402:
1273:Meier & Frank
1249:LaCrosse Footwear
1237:Harry & David
1215:Cascade Microtech
1186:Louisiana-Pacific
1018:on 12 August 2014
569:"G.I. Joe's, Inc"
430:Hillsboro, Oregon
423:Online subsidiary
387:Hillsboro, Oregon
187:Pacific Northwest
168:
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16:(Redirected from
2086:
1909:Social responses
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1014:. Archived from
1012:Funding Universe
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1934:Occupy movement
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1437:Great Recession
1434:
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1399:
1383:Hollywood Video
1348:out of business
1347:
1341:
1330:West Coast Bank
1278:Mentor Graphics
1201:
1195:
1174:Integra Telecom
1169:Georgia-Pacific
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1106:Wayback Machine
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937:Idaho Statesman
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890:on July 3, 2009
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397:Restart attempt
391:Meridian, Idaho
376:Gordon Brothers
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290:price per share
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772:, May 2, 2007.
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685:. June 7, 1999
666:
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581:
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487:
483:978-0989113106
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1232:Freightliner
1209:Camera World
1200:Acquired by
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1016:the original
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683:FindArticles
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539:the original
515:. Retrieved
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447:History book
437:GSI Commerce
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413:UFA Holdings
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234:army surplus
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95:Headquarters
49:Company type
1928:Arab Spring
1837:Non-banking
1569:Tom Petters
1346:Defunct or
330:Wilsonville
124: /
112:122°46′37″W
2023:Categories
1377:G.I. Joe's
1255:Les Schwab
1243:J. K. Gill
1227:Fred Meyer
1074:4 December
962:2018-02-24
919:2009-10-24
894:2018-02-24
864:2009-03-05
839:2009-06-13
805:2018-02-24
751:2007-03-29
689:2007-02-07
660:2009-06-13
609:2007-02-07
575:2010-06-29
545:2007-02-03
517:2018-02-24
458:References
401:See also:
250:housewares
222:liquidated
218:bankruptcy
202:Washington
183:auto parts
171:G.I. Joe's
109:45°19′06″N
35:G.I. Joe's
18:Joe's
1547:Tom Hayes
1444:By region
1319:Tektronix
1022:18 August
1844:Chrysler
1456:Americas
1361:Emporium
1301:Sawyer's
1261:MathStar
1191:Banfield
1180:JELD-WEN
1102:Archived
334:C.A.R.T.
326:Meridian
220:and was
137:Products
59:Industry
29:G.I. Joe
1490:Oceania
1483:Iceland
409:Bethany
270:Seattle
152:.gijoes
145:Website
77:Defunct
69:Founded
1478:Europe
1451:Africa
1391:(1994)
1385:(2010)
1379:(2009)
1363:(2003)
1357:(2002)
1338:(2002)
1332:(2012)
1321:(2007)
1315:(2016)
1309:(1999)
1303:(1966)
1297:(2015)
1286:(2010)
1280:(2017)
1269:(2012)
1263:(2010)
1257:(2020)
1251:(2012)
1245:(1980)
1239:(2014)
1223:(2019)
1217:(2016)
1211:(2002)
1182:(2015)
1176:(2014)
1148:Oregon
481:
341:Demise
258:garden
198:Oregon
157:
63:Retail
1284:Merix
214:Joe's
206:Idaho
101:, USA
1745:U.S.
1473:Asia
1076:2009
1024:2014
994:2018
737:KATU
479:ISBN
256:and
254:lawn
204:and
154:.com
85:Fate
80:2009
72:1952
150:www
2025::
1740:EU
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