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Posted by sonny 03/03/2009 @ 00:09

Tags : eaton, industrial supplies and services, business

News headlines
Unbeaten Eaton ready for Holy Family - Denver Post
By Jon E. Yunt Eaton's Reds are just one game away from winning their sixth Class 3A title since 2001 after an 11-6 victory over Manitou Springs on Friday at Jackson Field. Eaton (24-0), winner of 36 consecutive games, will have both Logan Hall and...
Eaton Vance Plans $1 Billion Fund to Invest in DIPs - Bloomberg
By Emre Peker and Cristina Alesci May 15 (Bloomberg) -- Eaton Vance Corp., the largest manager of funds designed to minimize taxes, is raising $1 billion to buy high yielding bankruptcy loans as the recession pushes a rising number of companies to...
That's not good Eaton - MASN (Mid-Atlantic Sports Network)
Adam Eaton allowed seven runs and 10 hits in five innings. He lost me in the fourth, when he surrendered four runs and I reached for the remote. I would have been better off watching the wet tarp. Then again, I'm easily entertained....
Eaton Co. honors deputy killed on highway in 1985 by drunken driver - Lansing State Journal
In 1985, Eaton County Sheriff Deputy Donald E. Rice was fixing the tire of a stranded motorist on Lansing Road when he was struck and killed by a drunken driver. Nearly 24 years later, Rice's family and friends gathered Friday morning,...
Chelsea Flower Show 2009: Designer gardens in Eaton Square -
By Anna Tyzack A pied à terre in Eaton Square in London is the ultimate trophy property, particularly when it includes a designer-label garden. Number 71 has just one bedroom to show for its £2.2 million asking price, and only 16 years remaining on its...
Royals 8, Orioles 1: Adam Eaton Still Stinks - Camden Chat
Greinke's counterpart Adam Eaton got away with quite a few pitches in the early innings, but the tide began to turn in the fourth as his hanging breaking balls and badly placed pitches were taken advantage of by Mike Jacobs and Miguel Olivo,...
Adam Eaton Joke of the Day - Blinq
Driving into Baltimore for the Preakness, the sports-talk radio station announcer delivered a perfect summation of the problem with Adam Eaton. There are several other problems, of course, most of which have to do with Eaton's inability to retire...
Eaton Vance National Municipal Income Trust and Eaton Vance ... - PR Newswire (press release)
BOSTON , May 15 /PRNewswire-FirstCall/ -- At a joint special meeting held today, shareholders of Eaton Vance National Municipal Income Trust (the "Acquired Fund") (NYSE Alternext US: FEV) voted to approve an Agreement and Plan of Reorganization (the...
Eaton junior blows away long field - Greeley Tribune
By Samuel G. Mustari The Eaton junior was able to block out a disappointing-yet-gratifying second place in the 800-meter sprint medley relay to claim the top prize in the triple jump at the Class 3A Track & Field Championships....
1100 GM dealerships to close - Palladium-Item
Two other local dealerships, Rodney Cobb Chevrolet in Eaton, Ohio and Studebaker Buick Pontiac GMC, had not heard anything from GM by Friday afternoon. gm's announcement is more bad economic news for dealers, communities and businesses still reeling...

Eaton Corporation

Eaton Corporation (NYSE: ETN) is a diversified industrial manufacturer with 2008 sales of $15.4 billion (Eaton is a Fortune500 corporation). Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has approximately 80,000 employees and sells products to customers in more than 150 countries.

In 1911 Joseph O. Eaton, brother-in-law Henning O. Taube and Viggo V. Torbensen incorporated the Torbensen Gear and Axle Co. in Bloomfield, New Jersey. With financial backing from Tobensen's mother, the company was set to manufacture Torbensen's patented internal-gear truck axle. In 1914, the company moved to Cleveland, Ohio, to be closer to its core business, the automotive industry.

In 1916, The Torbensen Axle Company was incorporated in Ohio, succeeding the New Jersey corporation. A year later, Republic Truck Company, Torbensen's largest customer, bought out the company. But, Eaton and Torbensen were not content and bowed out of Republic to form the Eaton Axle Company in 1919. A year later, in 1920, Eaton Axle Company merged with Standard Parts. Standard Parts went in receivership later the same year and was later liquidated. In 1923, Eaton bought the Torbensen Axle Co. back from Republic and changed the name to the Eaton Axle and Spring Company.

Eaton officers believed the quickest way to grow the business was through acquisitions and began buying companies in the automotive industry, By 1932, the diversified company changed its name to Eaton Manufacturing Company. In 1937, Eaton went international with a manufacturing plant in Canada. The company name changed once again in 1966 to Eaton Yale & Towne, Inc. after the acquisition of Yale & Towne Manufacturing Co. in 1963. Stockholders approved the change to the company's current name in 1971. Eaton Corp. continues its founder's philosophy of growth through acquisition along with divesting businesses that no longer fit the corporate vision.

Eaton Corporation is based in the Eaton Center, its 28-story office tower in downtown Cleveland. From 1920s-1964 Eaton was based on East 152nd Street. In 1964, Eaton moved its headquarters into the new Erieview Tower from 1964–1984. In 1983, Eaton Corporation moved into its new tower.

Eaton spun off its semiconductor manufacturing equipment business as Axcelis Technologies in 2000.

These divisions are spread over the world. In 2003 Eaton Electrical (formerly known as Cutler-Hammer) acquired the European Delta PLC's electrical division (which held the following brands: HOLEC, M E M, TABULA, BILL, ELEK and Westinghouse*) to acquire manufacturing to IEC standards, one of the steps to become a global company and develop a worldwide standard.

Not too long after that acquisition, Eaton agreed to a JV with Caterpillar Inc. and purchased more than half of I & S operations (now known as Intelligent Switchgear Organization, LLC.). This was followed several years later by the acquisition of Powerware. The Powerware brand is known for the design and production of medium to large . After several years of co-branding UPS products "Eaton | Powerware" the company is switching to the single brand Eaton for all UPS products including; BladeUPS, 9390, and 9395.

In 2007 Eaton entered the data center power distribution market, releasing a line of power distribution under their Powerware brand called ePDU. They acquired Aphel Technologies Ltd., a Coventry, UK-based manufacturer of power distribution product for data centers. Shortly after, Pulizzi Engineering Inc., Santa Ana, CA-based manufacturer of mission critical power distribution was acquired. In late 2007 they acquired the MGE Office Protection Systems division from Schneider Electric. A Taiwanese manufacturer, Phoenixtec, was also acquired giving the company the highest share in the Chinese single-phase UPS market.

The Westinghouse Distribution and Controls Business Unit was acquired by Eaton Electrical in 1994. The acquisition included all of the Westinghouse electrical distribution and control product business and also included stipulations that the Westinghouse name cannot be used by anyone else on these types of products for years. Today, Eaton Electrical manufactures electrical distribution and control products branded "Eaton" or "Cutler-Hammer" which can replace Westinghouse products in commercial and industrial applications.

Eaton's hybrid electric powertrain combines a diesel engine and electric motor to drive the vehicle.

Eaton was selected in 2008 as a recipient of the CALSTART Blue Sky Award with recognition for their environmentally "green" transportation investments, products and actions. The award was directed towards their efforts to pioneer heavy duty hybrid-drive technology for trucks. The annual awards recognize outstanding marketplace contributions to clean air, energy efficiency and to the clean transportation industry overall by companies, organizations and individuals.

Operations of the Company involve the use and disposal of certain substances regulated under environmental protection laws. Eaton continues to modify certain processes on an ongoing, regular basis to reduce the impact on the environment, including the reduction or elimination of certain chemicals used in, and wastes generated from, operations. Eaton has set standards for themselves in the category of environmental protection. They have vowed to reduce their own greenhouse gas emissions by 18 percent by 2012.

In 2006, Eaton joined the Green Suppliers Network, a public-private partnership with the EPA and U.S. Department of Commerce, through which small and medium-sized suppliers are helped to develop "lean and clean" manufacturing processes.

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The Eaton's store, the Eaton's Annex, mail order facilities and factories in Toronto, at Yonge and Queen Streets, in 1920.

Eaton's was once Canada's largest department store retailer. Founded in 1869 in Toronto by Timothy Eaton, an Irish immigrant, Eaton's first advertisement read "We propose to sell our goods for CASH ONLY – In selling goods, to have only one price." In an era where haggling for goods was commonplace, this was a revolutionary business practice.

The T. Eaton Co. Limited grew to become a retail and social institution in Canada, with stores across the country, buying offices across the globe, and a catalogue that found itself in the homes of most Canadians. Eaton's was well known for its customer service, as expressed in its long-standing slogan "Goods Satisfactory or Money Refunded." A rapidly changing economic and retail environment in the late 20th century proved difficult for Eaton’s, and the chain went bankrupt in 1999.

1869 was the middle of the reign of Queen Victoria, and the infancy of the nation of Canada (Confederation having occurred only two years previously). It was in this year that Timothy Eaton sold his interest in a small dry-goods store in the little market town of St. Marys, Ontario and bought a dry-goods and haberdashery business at 178 Yonge Street, south of Queen Street West, in the rapidly growing city of Toronto. On December 8, 1869, an advertisement ran in The Globe for the new “T. Eaton & Co.”, promoting “sound goods, good styles and good value”.

The first store was only 24 by 60 feet in size (7.3 by 18.3 metres), with two shop windows, and was located a fair distance from Toronto’s then fashionable shopping district of King Street West. In its first year of operation, staff consisted of “two men, a woman and a boy”, with Timothy Eaton responsible for buying the goods to stock the store. Expectations were low that a store with a no credit and no haggling policy would succeed.

Nonetheless, the business prospered, and its growth matched the rapid growth of Toronto in the late 19th century. When further expansion of the existing store became impossible, Timothy Eaton moved his business one block north in August 1883 into much larger premises at 190 Yonge Street. The new store boasted the biggest plate-glass windows in Toronto, the first electric lights in any Canadian store, three full floors of retail space featuring 35 departments, and a light-well that ran the full-length of the store. The store’s first telephone, with phone number 370, was installed in 1885. In 1886, the first elevator in a retail establishment in Toronto was installed in the Eaton store (although only customers “going up” were invited to use the elevator, thus requiring them to pass by the various store displays on their walk down).

Despite the move to 190 Yonge Street, Timothy Eaton maintained the lease on the empty store at 178 Yonge Street until its expiry in 1884, in order to delay the expansion plans of one of his competitors, Robert Simpson. Over time, the competition between the Simpson's and Eaton’s department stores, facing each other across Queen Street West, became one of Toronto’s great business rivalries. As both businesses expanded into retail chains across Canada, the Eaton’s/Simpson’s rivalry was at one time as central to Canadian retailing as the Macy's/Gimbel's competition was to New York City’s retail history. The pedestrian crosswalk on Queen Street West, just to the west of the intersection with Yonge Street, was for years one of the busiest in Canada, as thousands of shoppers a day comparison shopped between Eaton’s and Simpson’s.

By 1896, Eaton’s was billing itself as “Canada’s Greatest Store”. The store continued to expand in size, and new buildings were constructed to house the mail order division and the Eaton’s factories. The number of people employed in the various Eaton’s operations numbered 17,500 in 1911. In 1919, the golden jubilee of the store, the Eaton’s buildings in Toronto contained a floor space of over 60 acres (240,000 m2), and occupied several city blocks between Yonge Street and Bay Street, north of Queen Street West.

At the beginning of the 20th century, Eaton's conducted a large business in Western Canada through its catalogue. At first, Eaton's considered Winnipeg, Manitoba, Canada as the most logical location for a new mail order warehouse to better serve its western customers. At the time, Winnipeg was a thriving and rapidly growing city, serving as gateway to the Canadian West, with more millionaires per capita than either Toronto or Montreal. A store, however, was not originally part of the plans.

John Craig Eaton, the son of Timothy Eaton, became an early proponent of building a combined store and mail order operation in Winnipeg. Although Timothy Eaton initially had misgivings over the difficulties involved in managing a store 2100 kilometres from Toronto, John Craig was eventually able to convince his father to bless the project. Eaton's acquired a city block on Portage Avenue at Donald Street, and the five-storey Eaton's store opened to much fanfare on July 15, 1905. Timothy Eaton and his family were on hand for the opening of the second Eaton's store, with the Winnipeg Daily Tribune noting in its front page headline: "The Canadian Napoleon of Retail Commerce Reaches the Capital - Views His Great Store for First Time - Well Pleased".

The landmark red brick store, known as "the Big Store" to Winnipeggers, was an instant success. The initial staff of 750 grew to 1200 within a few weeks of the opening. By 1910, three more storeys were added to the store and other buildings were constructed. By 1919, the Eaton's operations in Winnipeg covered 21 acres (85,000 m2) and employed 8000 people.

For many years, the Winnipeg Eaton's store was considered the most successful department store in the world, given how it dominated its local market. As late as the 1960s, Canadian Magazine estimated that Winnipeggers spent more than 50 cents of every shopping dollar (excluding groceries) at Eaton's, and that on a busy day, one out of every ten Winnipeggers would visit the Portage Avenue store.

The store founded by Timothy Eaton was not the first department store in the world, nor was the Eaton’s store the first to offer fixed prices and a money-back guarantee. Nonetheless, the success of Eaton’s revolutionized department store retailing in North America. American retailers flocked to view the “retail palaces” on Yonge Street and Portage Avenue, anxious to replicate Timothy Eaton’s methods south of the border. Until the 1950s, Eaton's promoted itself as the "largest retail organization in the British Empire".

In 1905, The Globe wrote: “There is hardly a name in Canada, with the possible exception of the Prime Minister, so well known to the people at large as that of Mr. Timothy Eaton.” Timothy Eaton died in 1907, and was succeeded by John Craig Eaton as President of the T. Eaton Co. Limited.

In 1925, Eaton’s purchased the Goodwin’s store in Montreal. By 1927, Montreal boasted a new six-storey Eaton’s store on Saint Catherine Street, which was expanded to nine storeys in 1930. Over time, Eaton’s stores opened in other cities across the country.

In 1977, the crown jewel of the Eaton's empire, the Toronto Eaton Centre, opened in downtown Toronto, replacing two previous downtown Eaton's stores. The massive complex — stretching 400 m on several levels from Dundas to Queen Street and boasting 200 stores — was anchored at the north end by an immense nine-storey Eaton's.

The first Eaton's catalogue was a simple 34-page booklet, issued in 1884. Inside the front cover was the declaration: “Owing to the immense increase in our Mail Order Department, we find it has become a necessity to issue a catalogue of this style, and even this is incomplete, in that it contains only a limited description of the stock, and therefore does not give you a correct idea as to the immense varieties and extensive stock carried by us”.

As Eaton’s grew, so did the catalogue. By 1920, Eaton’s operated mail order warehouses in Winnipeg, Toronto and Moncton to serve its catalogue customers. Catalogue order offices were also established throughout the country, with the first opening in Oakville in 1916.

To many, the catalogue became known as the Homesteader's Bible or the Wishing Book. It was often said that only two books mattered in a typical Canadian home: the family Bible and the Eaton's catalogue. At a time when Canada’s population was predominantly rural, often living in isolated settlements, the Eaton’s catalogue provided a selection of goods that was otherwise unavailable to many Canadians. Moreover, it served an important economic role, as it broke local monopolies and allowed all Canadians access to the prices and selection enjoyed in some of the larger cities. The catalogue offered everything from clothing to farming implements. Some Canadians even purchased their homes from the catalogue, with Eaton’s delivering to them all the materials necessary to build a small, prefabricated house. Today, a large number of “Eaton’s catalogue homes” still exist throughout the country, primarily in the West. The catalogue had many other uses, ranging from its use as a learning tool by settlers learning to speak English, to its use as goalie pads during pond hockey games.

The catalogue became an icon of Canadian culture, even appearing in many works of Canadian literature. The most famous example, in Roch Carrier's story The Hockey Sweater, a young Quebec boy asks his mother for a Montreal Canadiens hockey jersey from the Eaton's catalogue, but receives a Toronto Maple Leafs jersey instead. As the family is francophone, the mother does not order using the catalogue forms but instead writes a note and sends money to the department store. Because of the prevalent language and cultural barriers of the English- and French-speaking Canadian populations, his family is unaware that the item could be exchanged, and they do not wish to offend Mr. Eaton by returning it.

Over time, the catalogue became a less profitable operation, and by the 1970s, it was a money-losing proposition. As Canada’s population became more urban over the course of the 20th century, Canadians had access to a greater number of local stores, and were less reliant on catalogue purchases. By the mid-1970s, it was estimated that 60% of the suburban customers throughout Canada lived within a thirty-minute drive of an Eaton’s store. Others, however, blamed Eaton’s management for the catalogue’s failures, pointing to the similar Simpsons-Sears catalogue (now the Sears Canada catalogue), which continues to this day even though it has never enjoyed the iconic status or popularity of the Eaton’s catalogue.

Eaton sponsored the annual Eaton's Santa Claus Parade. The first parade took place on December 2, 1905. For a number of years, Eaton’s Santa Claus Parades were also held in Winnipeg and Montreal. Macy’s in New York started its own annual Thanksgiving Day Parade in 1924 due largely to the success of the Eaton’s parades north of the border.

By the 1950s, the Toronto parade was the largest in North America, stretching for a mile and a half and involving thousands of participants. It was broadcast live on radio and television in Canada, and even CBS television in the United States broadcast the parade for a number of years.

In August 1982, Eaton’s announced that it would no longer sponsor the Santa Claus Parade, due to increasing costs. A consortium of local businesses saved the parade, which continues to be held every year, but another cherished Eaton’s institution was gone.

Long before Eaton’s established its first Quebec store, it reached out to its francophone customers in Quebec and other parts of Canada at a time when it was uncommon for large anglophone businesses to do so.

In 1899, francophone catalogue customers were publicly invited to contact Eaton’s in French, although a number of them had been doing so for years. In 1927, Eaton’s published its first all-French catalogue. In the Montreal store, sales staff were predominantly bilingual, with advertising, posters and signs appearing in both English and French.

Nonetheless, by the early 1960s, Eaton’s was seen by many in the emerging Quebec nationalist movement as a symbol of English Canadian hegemony. It was, for instance, at Eaton's stores that some francophone Quebeckers were reportedly told to "speak white," in turn inspiring another famous work of Quebec literature, Michèle Lalonde's poem Speak White. As a consequence, Eaton's stores in Quebec dropped the English possessive in the chain's name, becoming simply Eaton. A few years later it undertook a major effort to woo French language Quebeckers, by increasing the number of francophone staff, increasing the predominance of the French language on store signage, and spending millions on marketing efforts in the French-language media. A similar effort was made by The Bay (la Baie), the other formerly "Anglo" chain in Quebec. As a result, Eaton's and The Bay grew and grew again in Quebec all through the late 1960s and 1970s by taking a large part of the customer base which had formerly gone to "French-only" department stores such as Sauvé and Dupuis, which eventually closed down.

In the 1970s, Eaton's tried to expand its reach in Canadian retailing by opening a chain of discount or "junior" department stores called Horizon. The Horizon chain was closed in 1978. Three of its stores were converted to Eaton's stores, and the others were shuttered.

In the 1970s and 1980s, through the provincial government's Ontario Downtown Renewal Programme, Eaton's was a partner in the development of downtown malls in smaller cities, intended to foster the revitalization of urban cores. As the chain formed the anchor of many of these shopping centres, these often carried the "Eaton Centre" name. Nearly all these malls — in cities such as Sarnia, Brantford and Guelph — had high vacancy rates and poor patronage, and contributed to the store's financial problems.

The economic recession of the early 1980s hurt the company. The consolidation of department store retailers in the 1970s and 1980s gave rise to national competitors such as the Hudson's Bay Company, Sears Canada and Zellers, all of which took market share from Eaton’s. By the 1990s, American retailers, most notably Wal-Mart, were expanding into Canada, and Eaton’s found it increasingly difficult to compete.

Retailing and land use trends in the last decades of the 20th century did not favour Eaton’s. Traditional department stores, including (but not limited to) Eaton’s, commanded an ever-shrinking share of the Canadian retail dollar, as big box stores, such as Wal-Mart and Zellers, and specialty stores (the so-called “category killers”) expanded their respective shares of retail sales. With the advent of urban sprawl, most Canadian downtown shopping districts (which were historically dominated by Eaton's) had to increasingly share the retail sales pie with growing suburban shopping areas (where Eaton’s was just one of many competitors).

Eaton’s difficulties, however, were not all caused by external forces. Poor management by the last two generations of Eaton family members to run the chain certainly contributed to the demise of Eaton’s.

Stores that once served as landmarks in their respective communities were not renovated. New Eaton’s stores built since the 1960s were largely indistinguishable from other chain stores, further reducing Eaton’s status as a destination store.

The end of the catalogue and of the Eaton’s Santa Claus parades, though being cost-saving measures, helped to sever the emotional links between Canadians and the Eaton’s chain.

The chain that had touted itself in the 1940s and 1950s as “The Store for Young Canada” lost touch with younger customers, and unintentionally became known as a chain that catered to older shoppers. Once known for its superior customer service (with its staff proudly known as "Eatonians"), Eaton's began to cut back on sales staff and training in an effort to trim costs. A chain that had once prided itself on its buying offices throughout the globe and on the unique and diverse goods that it offered its customers had, by the latter half of the twentieth century, an antiquated supply chain and a haphazard and confused approach to merchandising. One apocryphal tale states that once the women of the Eaton family stopped shopping at Eaton’s, the chain was doomed.

In one particularly disastrous move, Eaton’s moved to an “Everyday Value Pricing” strategy (also known as "Eaton Value") in 1991, which meant that all discounts and sales, including Eaton’s famous Trans-Canada Sale, were eliminated. The strategy quickly drove away customers, but was inexplicably continued for four years before it was abandoned.

In 1997, seeing the apparent success of The Bay in higher-end retailing, Eaton's lured their chief executive George Kosich over to try to duplicate the strategy. Hudson's Bay Company filed a lawsuit saying that Kosich had violated his employment contract. Eaton's had also sued HBC for poaching several of its executives; apparently HBC had done this in retaliation for the hiring of Kosich. Aside from that controversy, the new retailing strategy was not only unsuccessful, it also gave rival Sears Canada the opportunity to move up to the market segment long dominated by Eaton's. Kosich resigned in 1998 and was replaced by chairman Brent Ballantyne.

The chain, which controlled almost 60% of all department store sales in Canada in 1930, had been reduced to a market share of 10.6% in 1997. The T. Eaton Co. Limited first filed for bankruptcy protection in 1997. At the time, the company had an estimated 24 500 employees and over 90 retail outlets. The plan was to close 31 underperforming stores, including two-thirds of its stores in Alberta. However, Eaton's limited the number of store closures to 20. George Eaton, the last of the family to be involved in management, resigned as chief executive in 1997, being succeeded by George Kosich. In September of that year, creditors approved the restructuring plan.

In 1998, George Eaton resigned as chairman of the board and was succeeded by Brent Ballantyne, under whom the company was taken public for the first time in its history, issuing 11.7 million common shares at $15 each, while the Eaton family retained control with a 51 percent stake.

The chain finally folded in 1999 after operating for 130 years. Though it had reduced its retail outlets to 64, it finished 1998 with a net loss of $72 million, and it announced further closures and a corporate restructuring plan. This was unsuccessful and the company went bankrupt in August 1999.

Eaton's corporate assets were acquired by Sears Canada in a $50-million deal. Sears purchased all the shares of T. Eaton Co., eight of its stores, with the option to buy five more, and the Eaton's name, trademarks, brands, and Web site. For the first time in its history, Sears held the leases to a number of prime locations in Toronto (Eaton Centre and Yorkdale Mall), Vancouver (Pacific Centre), Victoria, Winnipeg, Ottawa, Calgary (all former Eaton's stores). Sears had intended to obtain the former downtown Montreal store, although it lost out to the incumbent Les Ailes de la Mode.

Sears Canada closed some Eaton's stores, converted others to Sears stores, sold others to The Bay, and kept a number of downtown stores with the intention of relaunching eatons in 2000 as a more high-end, modern brand, with a lowercase "e" in a circle as its logo and a splashy ad campaign built around the colour aubergine. Sears also launched an eatons catalogue, with the intent to complement Sears' moderate catalogue assortment with something more upscale and urban. According to Rick Brown, senior vice president for strategic initiatives at Sears Canada, merchandise was supposed to be priced above the level of Sears Canada and The Bay, but below Holt Renfrew.

In actuality, however, Sears had trouble securing name brand merchandise consistent with the image of the new chain. This was mainly because of Eaton's bankruptcy. It was also because of doubt in Sears' ability to manage an upper-end chain, since until recently their merchandise was of lower price and quality compared to the old Eaton's and The Bay. George Heller, then-president of rival department store The Bay, publicly warned vendors not to supply the new eatons with merchandise. Many mid-to-upper tier brands, particularly in clothing, feared reprisal and avoided the new eatons.

The entire overhaul was planned beyond Sears' abilities - less than eight months to open the new eatons, while managing Sears at the same time. The new eatons was scheduled to open September 1, 2000, but was pushed back three times, eventually opening November 25. Consequently, eatons had missed much of the lucrative holiday season and opened with merchandise already marked down. Construction was also haphazard; all stores opened unfinished and renovations would continue well into 2001.

Consequently, the seven-store experiment was not particularly successful, and Sears Canada President Paul Walters was forced to resign. He was replaced by a former rival and Sears Roebuck executive from the U.S., Mark Cohen, who prioritized Sears over eatons and cut back aggressively on markdown strategies. By March 2001 Sears announced they were ceasing publication of the newly resurrected eatons catalogue "due to a lack of interest". Although Mark Cohen officially announced that the eatons chain had seen an impressive rebound in June 2001, by 2002 he retired the "eatons" name. This was the same time that Walters had previously forecast expansion for the new eatons, growing to 14 stores across Canada. It converted the remaining stores to Sears, including the flagship Eaton Centre store located at the Toronto Eaton Centre in downtown Toronto.

Eaton's transformed retailing in Canada, and its methods were eagerly adopted by retailers throughout the world. Many approaches to sales and service that are taken for granted by customers today were originally popularised by Timothy Eaton and his store. There was a time when Eaton's represented the cutting edge of retail and could virtually dictate retail trends and customs both to its customers and competitors.

Many Canadians, particularly older Canadians, have fond memories of the Eaton’s stores and the catalogue. Few defunct companies evoke the same strong emotions among Canadians as does Eaton’s.

Although the Eaton's chain is no more, several shopping centres in Canada continue to be called Eaton Centres, most notably the Toronto Eaton Centre, the Centre Eaton in downtown Montreal and the Calgary Eaton Centre. In fact, the Toronto Eaton Centre is the number one tourist attraction in Toronto, with over one million visitors a week. The fact that one of North America’s top shopping and tourist destinations is located on this stretch of Yonge Street is due, in large part, to Timothy Eaton’s original decision in the 19th century to establish his store at this location. (For more details about Eaton Centre malls across Canada, see Eaton Centre).

Eaton’s also leaves an architectural legacy, primarily through the work of the architecture firm Ross and Macdonald. Eaton’s College Street in Toronto, opened in 1930, is an Art Deco masterpiece, and is currently used as a retail, office and residential complex. The famous Seventh Floor, occupied by the Eaton Auditorium and the Round Room restaurant, was recently restored and now operates as “The Carlu” event venue. In 1971, a large skyscraper near Eaton's College Street was proposed by Eaton's and a developer named John Maryon, but it was never built.

Similarly, the former Eaton’s store in Montreal, also designed by Ross and Macdonald, remains a landmark on Saint Catherine Street, and is currently occupied by a large shopping mall. After being closed for several years following Eaton's bankruptcy, the famous 9th floor restaurant in the downtown Montreal store was recently restored by Fournier, Gersovitz, Moss et associés, a Montreal architectural firm. It is protected as a registered historical site, because of its rich Art deco design.

Another Ross and Macdonald-designed landmark, the former Eaton's store in downtown Saskatoon, now serves as the offices of the Saskatoon Board of Education. The long-time downtown Calgary store, designed by Ross and Macdonald in the 1920s, was largely demolished in 1988, although two facades were preserved and incorporated into a new Holt Renfrew store as part of the Calgary Eaton Centre redevelopment.

The original downtown Vancouver store, on Hastings Street, also remains and now serves as the downtown "Harbour Centre" campus of Simon Fraser University. Some Vancouver residents associate this heritage building with the Spencer's Department Store (which commissioned the construction of the store), rather than Eaton's (which bought Spencer's in 1948 and occupied the store until the 1970s). In fact, the former Eaton's store is today known as the "Spencer Building".

Not all former Eaton’s stores are architectural landmarks: the stores constructed from the 1960s onwards were typically architecturally inferior to their predecessors. Notably, the exterior of the Toronto Eaton Centre store can best be described as a mustard-coloured box, and is generally considered (from an architectural perspective) to be a poor replacement for the demolished Main Store. Designed in the style of the 1970s and intended at that time to be a statement of Eaton's dominance and its future aspirations, the "modern" design of this behemoth has not aged well (despite efforts by Sears Canada in 1999-2000 to improve the look of the building facades). Similarly, the main Vancouver store, connected to the downtown Pacific Centre mall, was also built in the 1970s as a large, white box.

After the demise of Eaton’s, most stores were quietly converted to other retail banners or other uses, with the downtown Winnipeg store generating the most controversy. When the store was emptied in late 1999, various alternative uses for the building (including residential condominiums) were considered, and ultimately all rejected. After a highly emotional civic debate, which included a “group hug” of the “Big Store” by hundreds of people in 2001, the store was demolished in 2002 to make way for a hockey arena, the MTS Centre. In one concession to history, red bricks were incorporated into the design of the arena façade, evoking the memory of the Eaton’s store that had once graced Portage Avenue.

In 1919, two life-sized statues of Timothy Eaton were donated by Eaton's employees to the Toronto and Winnipeg stores, in celebration of the 50th anniversary of the company. The Toronto statue is now exhibited in the Royal Ontario Museum. The Winnipeg statue was housed in the suburban Polo Park mall for a few years after 1999, until the Hudson's Bay Company opened a Bay store at that location and wanted the statue of its former competitor removed. After a tussle with the Eaton family, who wanted to move the statue to St Marys, Ontario, the Manitoba government declared it a provincial heritage object. It now sits in the city's new arena, the MTS Centre, one floor up from nearly the same spot where it stood in the old store.

In 2008 The Globe & Mail reported a possible revival of the Eaton's catalogue by Sears Canada. Sears Canada has considered reviving the catalogue with an online presence.

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Eaton Square

St Peter's, Eaton Square,

Eaton Square is a residential garden square in London's exclusive Belgravia district. It is one of the three garden squares built by the Grosvenor family when they developed the main part of Belgravia in the 19th century, and is named after Eaton Hall, the Grosvenor country house in Cheshire. Eaton Square is larger but less grand than the central feature of the district, Belgrave Square, and both larger and grander than Chester Square. The first block was laid out by Thomas Cubitt from 1827.

The houses in Eaton Square are generously proportioned, predominantly three bay wide buildings, joined in regular terraces in a classical style, with four or five main storeys, plus attic and basement and a mews house behind. The square is one of London's largest and is divided into six compartments by the upper end of Kings Road (northeast of Sloane Square), a main road, now busy with traffic, that occupies its long axis, and two smaller cross streets. Most of the houses are faced with white stucco, but some are faced with brick.

Before World War II Eaton Square was a securely upper class address, but not of the grandeur of London's very grandest addresses in Mayfair and Belgravia:Belgrave Square, Grosvenor Square, St James's Square or Park Lane. However, after World War II, when those places were converted to mainly commercial and institutional use, Eaton Square remained almost wholly residential and rose to the front rank of fashionable addresses. It is sometimes said, especially by local estate agents, to be the most desirable of all London addresses. Some of the houses remain undivided, but much of the square has been converted into flats and maisonettes by the Grosvenor Estate. These are often lateral conversions, that is they cut across more than one of the original houses, and they usually cost several million pounds. The exterior appearance of the square remains as it was when it was built, with no intrusive modern buildings. Most but not all of the freeholds still belong to the Grosvenor Group, and the present Duke of Westminster has his own London home in the square - an illustration of the migrations of the London elite already mentioned, as up until the 1920s his predecessors lived in a detached mansion on the site of the present Grosvenor House Hotel in Park Lane.

At the east end of the square is St Peter's, a large Church of England church, in a classical style, which features a six-columned Ionic portico and a clock tower. It was designed by Henry Hakewill and built between 1824 and 1827 during the first development of Eaton Square.

Eaton Square is the address of Prince Amerigo and his wife, the former Maggie Verver, in the last complete major novel by Henry James, The Golden Bowl.

It was also the address of fictional radio detective Paul Temple and of the Bellamy family of Upstairs, Downstairs.

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Amos Eaton

Amos Eaton (1776-1842)

Amos Eaton (May 17, 1776 – 1842) was a scientist and educator in the Troy, New York area.

Eaton attended Williams College; after graduating in 1799 he studied law in New York City and was admitted to the state bar in 1802. He practiced law in Catskill, New York until 1810, when he was jailed on charges of forgery. He spent nearly five years in prison, where he studied botany and geology and tutored the sons of the board of governors of the prison; one of his students was John Torrey, later a distinguished botanist. On his release, Eaton spent a year at Yale College studying botany, chemistry and mineralogy under Benjamin Silliman and Eli Ives. He then returned to Williams College, where he lectured on zoology, botany and geology and published a botanical dictionary. In 1817, he published his Manual of Botany for the Northern States, the first comprehensive flora of the area; it ultimately went through eight editions.

He returned to New York State in 1817 where DeWitt Clinton arranged for him to deliver a series of lectures to the New York State Legislature on the state's geology in connection with the building of the Erie Canal. Among the legislators who heard these lectures was Stephen Van Rensselaer III, Patroon of Rensselaerwyck, who, in 1820, hired him to produce A geological Survey of the County of Albany, which was followed by geological surveys of much of the area through which the canal was built. Ultimately, Eaton would complete a survey of a section fifty miles wide from Buffalo to Boston.

In 1824, with Rensselaer's assistance, he co-founded The Rensselaer School (now known as Rensselaer Polytechnic Institute) "for the purpose of instructing persons, who may choose to apply themselves, in the application of science to the common purposes of life". Eaton served as Senior Professor at The Rensselaer School until the time of his death in 1842. Under his leadership, Troy, New York rivaled London, England as a center for geological studies in the first part of the 19th century.

Eaton's influence at RPI is still visible in several areas: The mathematics department is housed in Amos Eaton Hall, and the Amos Eaton Professorship is a named professorship at RPI (currently occupied by Dr. Joseph Flaherty). The Amos Eaton Chair is a chair originally given to Amos Eaton by the RPI students in 1839, and later donated back to RPI by Eaton's family, and is now used by the RPI President during formal events. Amos Eaton was inducted into RPI's hall of fame in the inaugural class of 1998.

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Source : Wikipedia