343:
150:
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312:
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
378:, 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
298:
400:, 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
354:
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.
325:
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.
229:, 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.
284:
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
249:
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
868:
362:
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,
232:
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
416:
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
265:
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.
273:(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
1038:
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.
876:
254:, 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.
443:
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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404:, 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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432:. 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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367:. The company began liquidation sales on April 10, 2009, and all stores were closed by the end of May with 1600 employees laid off.
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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
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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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664:"Top Sporting Goods retailers - ranked by sales in 2001 - Brief Article - Statistical Data Included"
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784:"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
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Annual Retailer Ranking by Sales - 1-40 - Illustration - Statistical Data Included.
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970:"Owner of G.I. Joe's name blocks plan to resurrect Portland outdoor retailer"
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On February 5, 2007, G.I. Joe's was sold to Gryphon Investors in a
17:
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Founded in 1952, the company had as many as 31 stores, located in
374:
announced it would begin renovating the former Joe's location in
258:
1085:
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deal that was later reported to be for about $ 50 million.
1817:
List of banks acquired or bankrupted during the Great Recession
1136:
786:(Press release). G. I. Joe's. February 11, 2005. Archived from
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Joe's Sports & Outdoor plans to expand distribution center.
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321:. The company was a regular presenting sponsor of the annual
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was acquired by Dick's in January 2010 for a March opening.
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In 1998, the company made plans to go public by issuing an
242:
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opened its 28th store, and first in Idaho with a store in
1683:
Dodd–Frank Wall Street Reform and Consumer Protection Act
138:
2058:
Companies that filed for Chapter 11 bankruptcy in 2009
1794:
National fiscal policy response to the Great Recession
1052:"Joe's the latest defunct retailer resurrected online"
816:
350:
December 2008 sales dropped off by 10%, partly due to
281:
was not as high as had been hoped for by the company.
221:
G.I. Joe's began in 1952 when Edward Orkney purchased
899:"Dick's to open Nov. 8 in six former Joe's locations"
466:; by his daughter Janna Orkney; Columbia Press 2015;
773:
Global Events Group. Retrieved on February 26, 2008.
495:"$ 61 million buys Joe's; big clean-out sale begins"
237:, with its line of merchandise expanding to include
301:
Logo in the company's final two years of operation.
1913:(Europe, Middle East and North Africa, Asia; 2009)
1145:Peak annual revenues of $ 100 million or more
844:"Joe's Sports & Outdoor files for bankruptcy"
421:, was acquired by the company for $ 5.4 million.
2009:
1721:
869:"Joe's loss becomes Dick's Sporting Goods' gain"
817:Manning, Jeff; Laura Gunderson (May 29, 2009).
2023:Automotive part retailers of the United States
1764:American Recovery and Reinvestment Act of 2009
1629:Office of Federal Housing Enterprise Oversight
408:since the UFA wasn't actively using the name.
292:
16:For the toy line and the franchise to it, see
2028:Sporting goods retailers of the United States
2018:Defunct retail companies of the United States
1410:
1120:
860:
1688:Emergency Economic Stabilization Act of 2008
963:
961:
940:"(G.I.) Joe's veterans gear up for comeback"
346:Lake Stevens, Washington store in May 2009.
201:. In 2007, the company changed its name to
1026:"Ex-Portland millionaire in cocaine bust".
1825:
1779:Fraud Enforcement and Recovery Act of 2009
1703:Term Asset-Backed Securities Loan Facility
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922:Three new retail stores coming to Meridian
637:"G.I. Joe's store to open - 10 years late"
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1959:Effects of the Great Recession on museums
1789:Housing and Economic Recovery Act of 2008
1673:China–Japan–South Korea trilateral summit
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1653:Government policy and spending responses
1619:Government National Mortgage Association
897:Brinckman, Jonathan (October 16, 2009).
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225:sleeping bags and then set up a tent in
2053:Retail companies disestablished in 2009
1713:2008 United Kingdom bank rescue package
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370:In June 2009, a general contractor for
275:U.S. Securities and Exchange Commission
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162:was a privately owned retail chain for
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2038:Companies based in Wilsonville, Oregon
2010:
819:"Joe's demise 'didn't have to happen'"
801:
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358:On March 4, 2009, the chain filed for
1698:Temporary Liquidity Guarantee Program
1668:Banking (Special Provisions) Act 2008
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1589:Federal Deposit Insurance Corporation
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1108:
1050:Gunderson, Laura (December 3, 2009).
890:
694:BNET. Retrieved on February 26, 2008.
625:
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2048:Retail companies established in 1952
1584:Consumer Financial Protection Bureau
866:
722:"No longer a G.I. at retailer Joe's"
541:
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424:The online presence was operated by
411:
338:Company's headquarters in June 2009.
129:sporting goods, clothing, auto parts
1874:Collateralized mortgage obligations
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697:
656:
605:
452:
392:Trademark § Maintaining rights
13:
1135:Large companies formerly based in
968:Gunderson, Laura (June 26, 2010).
842:Gunderson, Laura (March 4, 2009).
493:Gunderson, Laura (April 9, 2009).
385:
352:winter snowstorms in the Northwest
257:In 1991 the chain expanded to the
14:
2079:
2033:Defunct companies based in Oregon
1969:2007–2008 world food price crisis
1769:Chinese economic stimulus program
1754:2008 European Union stimulus plan
1678:Commercial Paper Funding Facility
1074:
592:Encyclopedia of Company Histories
2068:2009 disestablishments in Oregon
1997:List of countries by public debt
1624:National Asset Management Agency
1356:Evergreen International Aviation
938:Gunderson, Laura (May 1, 2010).
732:. March 29, 2007. Archived from
635:Barker, George (March 9, 1983).
29:
1952:2008 Central Asia energy crisis
1869:Collateralized debt obligations
1081:Growing Up With G.I. Joe's Blog
1043:
1019:
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428:, and was sold to Canada-based
1759:2008–2009 Keynesian resurgence
1604:Federal Housing Finance Agency
1599:Federal Housing Administration
685:
174:; that operated stores in the
1:
2063:1952 establishments in Oregon
1774:Economic Stimulus Act of 2008
1708:Troubled Asset Relief Program
1634:Office of Financial Stability
1609:Federal Housing Finance Board
1543:Société Générale trading loss
1210:Electro Scientific Industries
867:Graf, Tyler (June 30, 2009).
446:
1693:Irish emergency budget, 2009
1036:. 4 March 2005. p. C5.
7:
526:. G.I. Joes. Archived from
293:G.I. Joe's changes to Joe's
10:
2084:
1992:2007–2008 financial crisis
1884:Mortgage-backed securities
1495:Automotive industry crisis
1087:Growing Up With G.I. Joe's
997:"G.I. Joe's, Inc. History"
704:Joe's names new president.
441:Growing Up With G.I. Joe's
389:
235:Portland metropolitan area
180:northwestern United States
15:
1982:
1939:
1897:
1889:Secondary mortgage market
1854:
1810:rescues, and acquisitions
1808:Government interventions,
1807:
1799:Zero interest-rate policy
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1658:
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1576:
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1510:Housing market correction
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1334:
1256:McCormick & Schmick's
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873:Daily Journal of Commerce
758:Portland Business Journal
708:Portland Business Journal
619:Portland Business Journal
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133:
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1907:(United States; c. 2009)
1639:UK Financial Investments
1524:Banking losses and fraud
1515:Subprime mortgage crisis
1500:California budget crisis
1384:White Stag Manufacturing
1344:Consolidated Freightways
1296:Sequent Computer Systems
430:UFA Co-operative Limited
205:. In 2009, it filed for
1925:(worldwide; 2011–2012)
1864:Auction rate securities
1594:Federal Home Loan Banks
754:Joe's expands to Idaho.
271:initial public offering
263:chief executive officer
1614:Federal Reserve System
1488:United States-specific
1361:Floating Point Systems
347:
339:
302:
110:45.31833°N 122.77694°W
78:Chapter 11 liquidation
1964:Decline of newspapers
1911:2009 May Day protests
1857:and financial markets
1747:Stimulus and recovery
1325:Willamette Industries
1191:out-of-state entities
560:. fundinguniverse.com
372:Dick's Sporting Goods
360:Chapter 11 bankruptcy
345:
337:
300:
1987:European debt crisis
1879:Credit default swaps
1855:Securities involved
1661:stability and reform
1099:book by Janna Orkney
289:by revenue in 2000.
217:20th-century history
115:45.31833; -122.77694
1947:2000s energy crisis
1659:Banking and finance
1577:Government entities
790:on October 24, 2006
771:Champ Car Portland.
711:, January 14, 2008.
668:DSN Retailing Today
199:Wilsonville, Oregon
106: /
88:Wilsonville, Oregon
25:
1929:Occupy Wall Street
1905:Tea Party protests
1563:Scott W. Rothstein
1302:StanCorp Financial
1279:Oregon Steel Mills
1151:Moved out of state
1093:2016-10-11 at the
642:The Register Guard
622:, August 28, 2007.
588:"G.I. Joe's, Inc."
524:"About G.I. Joe's"
348:
340:
303:
197:. It was based in
23:
2005:
2004:
1974:Retail apocalypse
1919:(MENA; 2010–2012)
1850:
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1722:Bank stress tests
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1262:Meier & Frank
1238:LaCrosse Footwear
1226:Harry & David
1204:Cascade Microtech
1175:Louisiana-Pacific
1007:on 12 August 2014
558:"G.I. Joe's, Inc"
419:Hillsboro, Oregon
412:Online subsidiary
376:Hillsboro, Oregon
176:Pacific Northwest
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1337:out of business
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1267:Mentor Graphics
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1158:Georgia-Pacific
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1198:Camera World
1189:Acquired by
1098:
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1061:. Retrieved
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1027:
1021:
1009:. Retrieved
1005:the original
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981:February 24,
979:. Retrieved
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672:FindArticles
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645:. p. 1B
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562:. Retrieved
532:. Retrieved
528:the original
504:. Retrieved
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436:History book
426:GSI Commerce
423:
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402:UFA Holdings
395:
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311:
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283:
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231:
223:army surplus
220:
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184:
159:
158:
84:Headquarters
38:Company type
1917:Arab Spring
1826:Non-banking
1558:Tom Petters
1335:Defunct or
319:Wilsonville
113: /
101:122°46′37″W
2012:Categories
1366:G.I. Joe's
1244:Les Schwab
1232:J. K. Gill
1216:Fred Meyer
1063:4 December
951:2018-02-24
908:2009-10-24
883:2018-02-24
853:2009-03-05
828:2009-06-13
794:2018-02-24
740:2007-03-29
678:2007-02-07
649:2009-06-13
598:2007-02-07
564:2010-06-29
534:2007-02-03
506:2018-02-24
447:References
390:See also:
239:housewares
211:liquidated
207:bankruptcy
191:Washington
172:auto parts
160:G.I. Joe's
98:45°19′06″N
24:G.I. Joe's
1536:Tom Hayes
1433:By region
1308:Tektronix
1011:18 August
1833:Chrysler
1445:Americas
1350:Emporium
1290:Sawyer's
1250:MathStar
1180:Banfield
1169:JELD-WEN
1091:Archived
323:C.A.R.T.
315:Meridian
209:and was
126:Products
48:Industry
18:G.I. Joe
1479:Oceania
1472:Iceland
398:Bethany
259:Seattle
141:.gijoes
134:Website
66:Defunct
58:Founded
1467:Europe
1440:Africa
1380:(1994)
1374:(2010)
1368:(2009)
1352:(2003)
1346:(2002)
1327:(2002)
1321:(2012)
1310:(2007)
1304:(2016)
1298:(1999)
1292:(1966)
1286:(2015)
1275:(2010)
1269:(2017)
1258:(2012)
1252:(2010)
1246:(2020)
1240:(2012)
1234:(1980)
1228:(2014)
1212:(2019)
1206:(2016)
1200:(2002)
1171:(2015)
1165:(2014)
1137:Oregon
470:
330:Demise
247:garden
187:Oregon
146:
52:Retail
1273:Merix
203:Joe's
195:Idaho
90:, USA
1734:U.S.
1462:Asia
1065:2009
1013:2014
983:2018
726:KATU
468:ISBN
245:and
243:lawn
193:and
143:.com
74:Fate
69:2009
61:1952
139:www
2014::
1729:EU
1097:—
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20:.
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