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DSW Shoe Warehouse Inc history
DSW Shoe Warehouse Inc company history timeline
Jerome Schottenstein spent nearly a half-century building his father's business into a modern corporation, becoming chief executive officer and chairman of the family's business interests, organized as a privately held enterprise named Schottenstein Stores Corporation, in 1972.
Together, the company's numerous affiliates, subsidiaries, and divisions represented a $1.5 billion retail empire, the legacy Schottenstein left to his family after he passed away in March 1992.
In 1998, Value City acquired Shonac from Schottenstein Stores Corp. and Nacht Management, Inc., paying $100 million for full control over the business that operated as the shoe department licensee in all of its stores—Shonac—and for ownership of the DSW chain of stores.
Value City added another retail chain to its holdings in March 2000, paying $89 million for a bankrupt 19-store chain operating under the name Filene's Basement.
In mid-2001, Schottenstein Stores Corp. announced that it intended to acquire all of Value City's subsidiaries.
Sales for the year reached $791 million, an increase of nearly 23 percent from the total collected in 2003.
In February 2005, in anticipation of the IPO, Shonac changed its name to DSW Inc.
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DSW Shoe Warehouse Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| DSW | 1969 | $3.2B | 16,100 | 517 |
| Coach | 1941 | $6.7B | 30,000 | 586 |
| American Eagle Outfitters | 1977 | $5.3B | 37,000 | 1,289 |
| Columbia Sportswear | 1938 | $3.4B | 8,900 | 171 |
| Crate and Barrel | 1962 | $1.6B | 7,500 | 261 |
| Harris' Department Store | - | $7.3M | 25 | - |
| Levi's | 1853 | $990,000 | 25 | 2 |
| Boston Store | 1854 | $470.0M | 5,000 | - |
| Filene's | 1881 | - | 74 | - |
| Bananas | 2016 | $670,000 | 50 | - |
DSW Shoe Warehouse Inc history FAQs
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DSW Shoe Warehouse Inc may also be known as or be related to DSW SHOE WAREHOUSE and DSW Shoe Warehouse Inc.