Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
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.
Print the post Back To Top