Per Dayton Daily News Wed 9/29/99:EBSC sold its discount shoe chain to private investors for an undisclosed price. The shoe stores had been profitable in the past but lost money last year on $31M sales (about 5% of EBSC gross sales.) The move was praised by dissident shareholder David Nierenberg and analysts who follow EBSC because it will free management to focus on the core department store business.
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