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GI Joe's

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Last Updated: 12 November 2020

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General | Latest Info

G.I. Joe's

Defunct2009
FateChapter 11 liquidation
Former typePrivate company
Founded1952
HeadquartersWilsonville, Oregon , USA 451906N 1224637W / 45.31833N 122.77694W / 45.31833; -122.77694 Coordinates : 451906N 1224637W / 45.31833N 122.77694W / 45.31833; -122.77694
IndustryRetail
Productssporting goods, clothing, auto parts

In 1964, amid the Cold War, Hasbro introduced a new type of toy into World of play. Name GI Joe after ordinary soldiers of World War II, 11 1 / 2-inch male figure wore uniforms representing the US military and had 21 moving parts. Hasbro brand it action figure to distinguish it from dolls and create a variety of vehicles, equipment, and play sets to accompany it. Joe establishes his success in the first year as millions of boys find him a compelling toy for imaginative play. Action figures popularity rose steadily until American involvement in Vietnam made War-related toys less appealing. Hasbro responded with a new Joe. The Soldier of 1964 become Land Adventurer in 1970 and takes on more peaceful action, recovering lost mummies and rescuing the environment. Within a few years, Joe's popularity decline. In the mid-1970s, he became an 8-inch super figure, and in 1978, Hasbro retired him from production for a time. In the early 1980s, Joe return, but reduced again to 3 3 / 4 inches. This time, Saturday morning TV show and long-running comic book series fuel GI Joes revival. In the early 1990s, Hasbro restored Joe to his original size and offered collectible Joes for adults. By late 2004, Hasbro had sold more than 400 million GI Joe figures in the 40 years since the toys debut. Because of his popularity, GI Joe has been both a battle-scar soldier of America culture wars and an influential toy prototype. For some critics, Joes message of might make right is wrong one to share with children. Other adults counter that Joe encourages kids stories of good triumphing over evil and fosters creativity, imagination, and self-esteem. But while grown-ups argue over Joes merits and flaws, kids play on, and hundreds of other action figures people toy landscape.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

20th-century history

GI Joe's began in 1952 when Edward Orkney purchased army surplus sleeping bags and then set up a tent in Portland, Oregon, to sell them to the public. Orkney sold out of sleeping bags and then started selling other army surplus merchandise in stores that then doubled in size by 1956, making it Portland's largest retailer of sporting goods and outdoor gear. During the 1960s, Orkney transition company away from military surplus and towards an eclectic combination of sporting goods, automotive parts, and hardware; 1970s saw the company become a chain within the Portland metropolitan area, with its line of merchandise expanding to include housewares, lawn and garden supplies, and apparel. In 1976, Orkney died and his son, David Orkney, took over the business. The distribution center was built in 1979 in Wilsonville, with that facility expanded in 1986. GI Joe's opened its eighth store, located in Eugene, Oregon, in 1983. At time, company also operated 16 Jean Machine stores, and the two chains had combined annual revenue of 68 million in 1982. In 1991, the chain expanded to the Seattle market and had increased to 14 stores with revenue of 135 million. Next year, David Orkney will step down as chief executive officer and longtime-employee Norm Daniels will assume the role. The new Seattle store was about the same size as Portland area stores, but re-focus on two product lines: automotive parts and sporting goods. In 1998, company made plans to go public by issuing an initial public offering of stock to the general public. The plan was to use cash from the sale of shares to fund the expansion program in order to become more of a regional chain. The company even filed with the US Securities and Exchange Commission in late 1998 for an IPO, but next year plan was withdrawn when the expected price per share was not as high as had been hopped for by the company. By 2000, revenue had increased to 161 million from 17 stores, making GI Joe's 12 largest sporting goods retailer in the United States, and the largest in the Pacific Northwest. It was also the 142 largest retailer overall in the United States by revenue in 2000.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

G.I. Joe's changes to Joe's

On February 5 2007, GI Joe's was sold to Gryphon Investors in a private equity deal that was later reported to be for about 50 million. In March 2007, newly acquired company announced that it was dropping 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, company opened its 28 store, and first in Idaho with a store in Meridian, and announced plans to build a new distribution center at its headquarters in Wilsonville. The company was regular presenting sponsor of the annual CART 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 in revenue for sales year ending in 2008.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Demise

Most members of GI Joe who die in action are buried in Arlington National Cemetery, such as Joe members who perish in Benzheen and all other Joes who have perished over years, such as Mangler, Sergeant First Class shooter Craig, and General Flagg. Cobras who die are often harvested for genetic material, if Dr. Mindbender can gain access to their remains in time. Darklon: killed by Destro under Cobra Commander's influence serpentor: killed during Cobra Civil War by Zartan; Arrow Through Eye scarface: killed in Destruction of prefabricate Joe Base, shortly before Dr. Venom and Kwinn are kill. Dr. Venom: killed by Hidden Grenade after he shoots Kwinn. Kwinn: Shot by Dr. Venom, after Denouncing Cobra Fred VII: dies in Freighter, after Cobra Commander returns to take control of Cobra Voltar: dies in Freighter after Cobra Commander returns to take control of Cobra raptor: dies in Freighter after Cobra Commander returns to take Control of Cobra Croc Master: die in Freighter after Cobra Commander return to take Control of Cobra rusalka: die after Combat with Snake-Eyes damon Ward-kill when IMORTAL Base implode Kyle James-kill when IMORTAL Base implode archibald Witwicky-die in insane asylum in 1938.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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