 | |
| Type | Private |
|---|---|
| Industry | Retail Holding Company |
| Headquarters | , |
Key people | Jay L. Schottenstein (Chairman, CEO) |
| Revenue | US$ 3 billion [1] |
| Website | www |
Schottenstein Stores Corp., based in Columbus, Ohio, is a holding company for various ventures of the Schottenstein family. Jay Schottenstein and his sons Joey Schottenstein, Jonathan Schottenstein, and Jeffrey Schottenstein are the primary holders in the company.
Schottenstein Stores owns stakes in DSW and American Signature Furniture; 15% of American Eagle Outfitters, retail liquidator SB360 Capital Partners, over 50 shopping centers, and 5 factories producing its shoes and furniture. [2]
It also holds an ownership interest in American Eagle Outfitters, Wehmeyer in Germany, Cold Stone Creamery, The Mazel Company, Gidding-Jenny, [3] Shiffren Willens jewelry stores, and Sara Fredericks boutiques. [4]
Schottenstein had operated the chain of Value City discount department stores.
In 2006, a consortium of investors, including Schottenstein Stores, purchased 655 stores from grocery retailer Albertson's. [5]
Schottenstein Stores owns the rights to various brands, including Bugle Boy (purchased in 2001), [6] "Cannon", "Royal Velvet", "Charisma", "Fieldcrest", J. Peterman, delia's, SB Premier Brands and Leslie Fay. [7]
Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.
Osco Drug and Sav-on Drugs were the names of a pair of chain pharmacies that operated in the United States. Osco Drug was founded by the Skaggs family. Alpha Beta grocery store was purchased by American Stores in 1961. Skaggs Drug Centers bought American Stores in 1979 and assumed the American Stores name. Sav-on Drugs was a California-based pharmacy chain that was acquired by Osco's parent company in 1980. Both Osco and Sav-on stores eventually came under the ownership of American Stores, then Albertsons, and finally SuperValu before the stores were sold off.
American Eagle Outfitters, Inc., also known as American Eagle, is an American lifestyle, clothing, and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc., a company that also owned and operated Silverman's Menswear. The Silvermans sold their ownership interests in 1991 to Jacob Price of Knoxville, Tennessee. American Eagle Outfitters is also the parent company of Aerie.
Kohl's is an American department store retail chain, operated by Kohl's Corporation. As of December 2021 it is the largest department store chain in the United States, with 1,162 locations, operating stores in every U.S. state except Hawaii. The company was founded by Polish immigrant Maxwell Kohl, who opened a corner grocery store in Milwaukee, Wisconsin in 1927. It went on to become a successful chain in the local area, and in 1962 the company branched out by opening its first department store. British American Tobacco Company took a controlling interest in the company in 1972 while still managed by the Kohl Family, and in 1979, the corporation was sold to BATUS Inc. A group of investors purchased the company in 1986 from British American Tobacco and took it public in 1992.
Acme Markets Inc. is a supermarket chain operating 161 stores throughout Connecticut, Delaware, Maryland, New Jersey, the Hudson Valley of New York, and Pennsylvania and, as of 1999, is a subsidiary of Albertsons, and part of its presence in the Northeast. It is headquartered in East Whiteland Township, Pennsylvania, near Malvern, a Philadelphia suburb.
Safeway is an American supermarket chain founded by Marion Barton Skaggs in April 1915 in American Falls, Idaho. The chain provides grocery items, food and general merchandise and features a variety of specialty departments, such as bakery, delicatessen, floral and pharmacy, as well as Starbucks coffee shops and fuel centers. It is a subsidiary of Albertsons after being acquired by private equity investors led by Cerberus Capital Management in January 2015. Safeway's primary base of operations is in the Western United States with some stores located in the Mid-Atlantic region of the Eastern Seaboard. The subsidiary is headquartered in Pleasanton, California, with its parent company, Albertsons, headquartered in Boise, Idaho.
SuperValu, Inc. is an American wholesaler and retailer of grocery products. The company, headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, has been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI).
Bugle Boy Industries, Inc. was a clothing company founded by Dr. William Mow in 1977. It is perhaps best known for its namesake brand of denim jeans that were popular in the 1980s. The company declared bankruptcy in 2001.
Vons is a Southern California and Southern Nevada supermarket chain owned by Albertsons. It is headquartered in Fullerton, California, and operates stores under the Vons and Pavilions banners. It was owned by Safeway Inc. and headquartered in Arcadia, California, before that company was acquired by and folded into Albertsons along with all of their subsidiaries, including Vons.
VF Corporation is an American global apparel and footwear company founded in 1899 and headquartered in Denver, Colorado. The company's 13 brands are organized into three categories: Outdoor, Active and Work. The company controls 55% of the U.S. backpack market with the JanSport, Eastpak, Timberland, and North Face brands.
American Stores Company was an American public corporation and a holding company which ran chains of supermarkets and drugstores in the United States from 1917 through 1998. The company was incorporated in 1917 when The Acme Tea Company merged with four small Philadelphia-area grocery stores (Childs, George Dunlap, Bell Company, and A House That Quality Built) to form American Stores. In the following eight decades, the company would expand to 1,575 food and drugstores in 38 states with $20 billion in annual sales in 1998.
Value City was an American discount department store chain with 113 locations. It was founded in 1917 by Ephraim Schottenstein, a travelling salesman in central Ohio. The store was an off-price retailer that sold clothing, jewelry, and home goods below the manufacturer suggested retail price. The chain focused on buyout and closeout merchandise, and occasionally irregular apparel and factory seconds. The stores were branded Schottenstein's in the Columbus, Ohio, market. The Schottenstein name was dropped in 2008. Also, three stores in Metro Detroit were co-branded as Crowley's Value City. From 1984 to 1995, Schottenstein also owned Shifrin-Willens, a jewelry store.
Retail Ventures was a holding company originally created in 2003 for 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.
Jay Schottenstein is an entrepreneur from Columbus, Ohio. He is the chairman and CEO of Schottenstein Stores Corporation, American Eagle Outfitters, and American Signature. He is the Executive Chairman of Designer Brands.
Ya'akov Meir Hayyim Jerome Schottenstein was an American entrepreneur and philanthropist, co-founder of Schottenstein Stores Corp.
Homeland is a supermarket chain in the United States. Homeland is the main supermarket banner of Homeland Acquisition Corporation, the supermarket banner's parent company, and the names are often used interchangeably. Homeland's headquarters is in Oklahoma City, Oklahoma. As of 2019, it operates 79 supermarkets in Oklahoma, Kansas, Georgia and Texas. Many of H.A.C., Inc.'s supermarkets also include pharmacies and fuel centers. In 2019, Homeland purchased the remaining Oklahoma Food Pyramid stores from Rogersville, Missouri based Pyramid Foods which owns Price Cutter and Ramey.
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.
Jon P. Diamond is an entrepreneur from Columbus, Ohio who co-founded the Safe Auto Insurance Company.
William C. W. Mow is the former chairman and CEO of Bugle Boy Industries.
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