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Jay Schottenstein is Chairman of American Signature Inc., parent company of Value City Furniture, American Signature Furniture and Designer Looks. He previously served as Value City Furniture’s president and chief executive officer.
Schottenstein oversees a network of businesses that include American Eagle Outfitters (NYSE:AEO), Designer Brands (NYSE:DBI), American Signature and Value City Furniture, SB360 Capital Partners and Schottenstein Property Group.
Value City Furniture (VCF) includes 28 stores in 4 states. Jerome’s son, Jay Schottenstein, joins the family business.
American Signature, Inc. is a privately owned furniture company based in Columbus, Ohio. It is the parent company of the retail brands American Signature Furniture and Value City Furniture, and the manufacturer brand American Signature.
Jerome Schottenstein (d. 1992) built a retail empire that included Value City Furniture and the predecessor to Big Lots. His son Jay, today's patriarch, chairs DSW and American Eagle Outfitters.
At that time, Value City had 79 stores. They acquired the Grandpa's discount chain in 1999, which included 15 stores in the St. Louis area. [3] Retail Ventures originally sought to sell the Value City operation to focus on its more profitable brands. [4]
In his role as Chairman of the Board for American Signature Inc., Jay Schottenstein plays a key leadership role in the company’s Value City Furniture, Designer Looks and American Signature Furniture brands.
Company History: Value City Department Stores, Inc. operates several chains of off-price department stores. Its largest is the 120-unit Value City chain. Value City stores are unique in offering a huge array of discounted goods in a vast space.
The most obvious of these was the fact that the proceeds of the $50 million stock offering were intended to finance Value City's acquisition of GB Stores, Inc., a 13-store chain purchased by SSC in 1990 from the founding Glosser brothers.
With that idea, his son, Jay Schottenstein, heralded a new age of disruption in the furniture business. It continued into the 1980s, when he became the first furniture retailer to source inventory from Asia, which helped us beat our competitors with quality and lower prices.
Company profile page for Value City Furniture Inc including stock price, company news, executives, board members, and contact information.
Who owns Value City Furniture? Value City Furniture’s parent organization is American Signature, Inc. with Jonathan Schottenstein as the chairman of this organization. Does Value City Furniture ship internationally? No, unfortunately, Value City Furniture only ships to local areas in the US. What is Value City Furniture’s Shipping Policy?
Value City Department Stores — no longer affiliated with Schottenstein Stores Corp., owner of American Signature furniture stores — has filed for Chapter 11 bankruptcy protection, intent...
Already by early 1993, the Value City chain boasted 79 stores and sales of around $870 million; management foresaw hitting the $1 billion mark soon.
Since 1948, Value City Furniture has helped to furnish America's homes with quality furniture at the guaranteed best prices. Our mission is to make furniture shopping easy.
In January 2008, investment firms VCDS Acquisition Holdings, Emerald Capital Management and Crystal Value took over 81% of the ownership of of Value City Department Stores from Retail Ventures,...
While most of the Value City stores operated in relatively small towns such as Lima, Ohio, Schottenstein Stores Corp. also bought chains in big cities, such as Wieboldt ’ s, in Chicago. By the early 1980s, Schottenstein Stores was still tightly controlled by the Schottenstein family.
American Signature, Inc. is established becoming the parent company of VCF, ASF and Kroehler Furniture—the brand’s furniture manufacturing facility in North Carolina. The company reaches a billion dollars in sales. Jay’s son, Jonathan Schottenstein, joins American Signature, Inc.
For over 70 years, Value City Furniture has provided customers with designer-quality furniture at family-friendly prices. In the 1930s, the company was established by Ephraim L. Schottenstein in Columbus, Ohio. Over the decades, Value City Furniture has remained a close-knit family affair.
As a privately owned company, detailed data is sparse, but Furniture Today ranks Ashley as North America’s number one furniture retailer, followed by Williams-Sonoma WSM 0.0%, parent of Pottery...