Retail Ventures Financial Information

Apparel Industry Financial  Clothing Retail Company Stocks  Retail Store Directory  Apparel Retailer  Retail Venture News  Retail Sales Forecast

- Retail Ventures

Retail Ventures announced its merger with DSW in February 2011.

Retail Ventures was originally created in 2003 as a holding company for DSW (NYSE: DSW), Filene's Basement, and Value City Department Stores. The retailer originally went public in 1991 under the Value City moniker. Value City went on to purchase the DSW shoe business in 1998 and Filene's Basement in 2000.

Retail Ventures Inc announced on January 23, 2008 the disposition of an 81% ownership interest in its Value City Department Stores business to VCHI Acquisition Co., a newly formed entity owned by VCDS Acquisition Holdings, LLC, Emerald Capital Management LLC and Crystal Value, LLC. In connection with the sale, Retail Ventures, Inc.'s wholly owned subsidiary Filene's Basement, Inc. entered into a $100 million secured credit facility with National City Business Credit, Inc. Terms of the credit facility are similar to the predecessor $275 million secured credit facility that was jointly shared with Value City Department Stores and was terminated and replaced as of the date of the transaction. This transaction does not impact Value City Furniture Stores, which are separately owned and operated. Retail Ventures, Inc. continues to operate 259 DSW stores in major metropolitan areas throughout the country. DSW also supplies shoes, under supply arrangements, to 342 locations for other non-affiliated retailers in the United States.[2] The number of employees and employee benefits are planned to remain the same as this transfer of ownership occurs and the new owners begin to operate Value City.

Learn about fashion industry public companies here on Apparel Search.

If you are interested in discussing the financial aspects pertaining to the company listed on this page, please share your thoughts in the comments section below.  Discussion topics may include any business details that you believe could potentially impact the financial strength or weakness of the company.  For example, the company may have negotiated a new licensing deal that you believe is important.  Or possibly they have hired a new public relations firm or received a unique celebrity endorsement.  If any interesting activity has taken place, please bring that issue up for discussion and debate.  You are welcome to provide facts or ask questions about business strategy, corporate executives, brand portfolios, historical stock prices, business news, SEC filings, stock charts, etc.  Anything relevant to investor relations, the company's products or services, financial information, or corporate policy is open for discussion.  Feel free to share your wisdom in the social comment area below.  Please keep all discussions directly relevant to the topic of the company listed on this page.

 
comments powered by Disqus
 

Apparel Search   Add Your Company   Contact Us   About Us   Advertise   News Letter   Legal   Help
Copyright © 1999-2023  Apparel Search Company.  All Rights Reserved.