Walt Disney Parks and Resorts merged with Disney Consumer Products and Interactive Media segments into Walt Disney Parks, Experiences and Consumer Products. Parks and Resorts chairman Bob Chapek was named chairman of this new segment, who also previously served as head of Disney Consumer Products. Disneyland was founded as a single park by Walt Disney and opened on July 17, 1955, in Anaheim, California. Disneyland Hotel opened to the public on October 5, 1955. In 2001, the site expanded significantly and was renamed the Disneyland Resort with the opening of Disney California Adventure Park on February 8, 2001, Disney's Grand Californian Hotel & Spa on
Disney Store closed down. Disney Store build a second flagship store in Chicago on the Magnificent Mile which opened in July 1999. In 2000, its Germany store in Munich was closed. In September 2000, Disney Store redesign two stores as prototypes in Costa Mesa and Cherry Hill, N.J. with more space and a high-tech look where theme park tickets could be bought via computers stations. When Disney indicated that this new model would be rolled out to 350 stores, they also indicated the closure of 100 locations worldwide. Analyst had indicated that Disney had over build stores. By April 2001, 20 stores