RetailVenturesInc.com
Retail Ventures Services, Inc.
Retail Ventures, Inc. is a company that focuses on the improvement of life quality for all of its customers, for the youth community around it as well as for its associates. As of 2003 the company functions through three wholly owned subsidiaries: Filene’s Basement, the DSW Shoe Warehouse and the Value City Department Stores, LLC. The Retail ventures common shares are listed for trading on the New York Stock Exchange under the symbol “RVI”.
Retail Ventures Facts and Figures
One of the operating segments that function under the Retail Ventures brand is DSW, one of the most important retailers of branded shoes within the United States. The figures that describe the activity of this retailer are truly impressive: this segment of Retail ventures operates 236 stores from one coast of the United States to the other covering 36 states, it supplies footwear to 258 leased locations of which 228 are for non-related retailers, it employs over 5000 associates and it offers more than 2000 styles of shoes by more than 300 brands. The number of stores owned by DSW increases with approximately 30 every year and the number of pairs of shoes sold reaches thirty million annually. The tempting motto: “Unleash your passion for shoes” draws in approximately seven million loyal customers every year.
The second operating segment of Retail ventures, Inc. is Filene’s Basement located in Woburn, Massachusetts. This segment operates 35 stores in major cities like Atlanta, Baltimore, Boston, Columbus, Chicago, Pittsburgh, New York and Washington D.C. With an impressive 470,000 square feet distribution center located in the centre of Massachusetts the sales figures for Filene’s Basement go as high as 500 million dollars every year. The store’s main focus is to bring the customer famous designer clothing for men and women as well as fine jewelry, fragrances, luggage and many more at very affordable prices. Other products that are commercialized at the Filene’s Basement stores include decorative items for home decorating, accessories, gourmet foods and many more, all brand names available at every day low prices. The store introduced a gift card program for its loyal customers sometime around 2003 and continues to host special events like Men’s Suits and Bridal Gowns every year.
The third operating segment within Retail Ventures, Inc. is Value City Department Stores LLC, which in turn operates under two names: Value City Department Stores, LLC and Schottenstein’s Department Stores. The Value City Department Stores chain numbers 113 department stores in over 30 markets located in the southern, eastern and Midwestern states. The chain of department stores employs around 13.000 associates and reaches an annual sales figure of over one billion dollars. The average size of a Value City Department Stores store is of 85.000 square feet and the stores usually offer hundreds of different brand names. The sales strategy of the Value City Department Stores is to offer a wide variety of brand name merchandise at very affordable prices. There are sale events throughout the stores every week and also seasonal promotions.
Retail Ventures Values
A firm belief of Retail Ventures, Inc. and its three operating segments is that the most effective way to make a difference is to concentrate all resources of any nature (volunteer time, money contributions or merchandise) and philanthropic efforts on accountable programs and non-profit agencies. Retail Ventures has chosen to focus its philanthropic efforts on issues like diversity staffing, children’s education, women’s health, educational opportunities, children’s health initiatives and many more. The way Retail Ventures gives back to the communities it does business in is that a special department researches all the existent non-profit agencies and programs dealing with issues like children’s education or women’s health, a reliable agency is selected and the company gets involved by sending merchandise, money or volunteers to help with that particular cause. Retail Ventures, Inc. and its three operating segments: DSW, Filene's Basement and Value City Department Stores, LLC deliver effective and affordable support services for every one of their retail brands, and allow each of those brands to focus on store operations. For detailed information on the company’s products and services visit the official website www.retailventuresinc.com .
Languages
English
Address
- 4150 E Fifth Ave
- Columbus OH 43219 US
Contact
- Retail Ventures Services, Inc.
-
- +1 614 238 5769, Fax: +1 571 434 4620
Additional Information
External Links
- Alexa: RetailVenturesInc.com