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Retail Ventures was a holding company originally created in 2003 for DSW (NYSE: DSW), Filene's Basement, and Value City Department Stores. The retailer's initial public offering was in 1991 under the Value City name. Value City went on to purchase the DSW shoe business in 1998 and Filene's Basement in 2000.
F. C. Nash & Co. – Nash's (Pasadena), at one time had 5 stores in downtown locations in neighboring small cities during the 1950s and 1960s, founded in 1889 as a grocery store, became a department store in 1921, branch stores were unable to compete with larger chains opening in malls built in the late 1960s and early 1970s and had to be ...
Filene's (/ f aɪ ˈ l iː n z /, originally William Filene & Sons Co.) was an American department store chain; it was founded by William Filene in 1881. The success of the original full-line store in Boston, Massachusetts, was supplemented by the foundation of its off-price sister store Filene's Basement in 1908.
Both stores were permanently closed in early 2021. A new stand alone location was later opened in the American Dream Mall in New Jersey. On August 19, 2021, Macy's bought Toys "R" Us and announced they will be opening store-within-a-store locations in 400 Macy's locations. Warner Bros. Studio Store – stores closed in 2001 [71] [187]
[2] [3] Other major stores, such as Express and The Limited, also left Westland. Kashani, a developer which also owned North Towne Square in Toledo, Ohio at the time, bought the mall in 2003 and attempted to reposition Westland as a "bazaar"-style mall with a number of specialty shops, which included a used bookstore , several arts and crafts ...
Their operating stores include DSW, Filene's Basement, American Signature, Rooms Today and Value City. The department store holding company Federated Department Stores was once based in Columbus, and included the Lazarus department store chain, before being re-branded under the Macy's brand name in 2005.
The economic crisis took its toll on the chain, and owner Retail Ventures, Inc announced on January 20, 2009 its plans to close 11 of the chain's 36 stores. [10] The store closures did not help, and on April 22, 2009, Retail Ventures, Inc. announced that it had sold the remaining 25 Filene's Basement stores to the Buxbaum Group, a company that specializes in liquidations.
Lazarus developed or was an early adopter of many shopping innovations such as "one low price" (no bargaining necessary, earlier implemented by the John Wanamaker Store [3]), first department store escalators in the country, first air-conditioned store in the country, and Fred Lazarus Jr. successfully lobbied President Franklin Roosevelt to ...