BNET Industries

Market Cap:$332.2M
Last Fiscal Year Sales:$1.4B
- Public
- US
Dow Jones Description
Retail Ventures is a holding company operating retail stores in one of its two segments. DSW is a leading United States specialty branded footwear retailer operating 303 shoe stores in 38 states as of May 2, 2009 and dsw.com. DSW offers a large selection of better-branded merchandise. DSWs typical customers are brand, quality and style-conscious shoppers who have a passion for footwear and accessories. The Corporate segment consists of all corporate assets, liabilities and expenses that are not allocated to the other segment. As of May 2, 2009, Retail Ventures owned Class B Common Shares of DSW representing approximately 62.9% of DSWs outstanding common shares and approximately 93.1% of the combined voting power of such shares. DSW is a controlled subsidiary of Retail Ventures and its Class A Common Shares are traded on the New York Stock Exchange under the symbol DSW. On January 23, 2008, Retail Ventures disposed of an 81% ownership interest in its Value City Department Stores (Value City) business to VCHI Acquisition Co., a newly formed entity owned by VCDS Acquisition Holdings, LLC, Emerald Capital Management LLC and Crystal Value, LLC. Retail Ventures received no net cash proceeds from the sale, paid a fee of $500,000 to the purchaser, and recognized an after-tax loss of $76.8 million on the transaction as of May 2, 2009. ...
President and Chief Executive Officer
Heywood WilanskyNumber of Employees 3,400
Peer Companies
NAICS Code All Other General Merchandise Stores: 452990
Recent Events
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Retail Ventures, Inc. Reports Second Quarter Operating Results
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Retail Ventures, Inc. Reports First Quarter Sales
News & Analysis
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retail ventures inc. - All News and Analysis
Retail Ventures and DSW - Trading Ideas
Retail Ventures RVI owns DSW DSW and not much else. Strangely, RVI is selling for about 30% less than DSW, even after accounting for RVI’s extra liabilities. You can take advantage of this either by buying RVI shares outright, or by creating a stub: Buy 1 RVI share and short...
Retail Ventures Now Trading for Less than One of Its Own
Saj Karsan submits: Retail Ventures RVI is a holding company that owns 63% of another public company, DSW Inc DSW. While RVI does have certain liabilities related to its divestitures of other businesses and its own corporate costs, its ownership in DSW is now the dominant determinant of RVI's value...
Retail Ventures' Hidden Value
Sometimes a stock can be so misunderstood and underfollowed that a major mispricing can occur. This is what has happened with the stock Retail Ventures RVI. The discount retailer headquartered out of Columbus, OH, which owns Filene's Basement and DSW, is currently undervalued by 100% or more. The reason...
Retail Ventures, Inc. F4Q07 (Quarter End 02/02/2008) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Adam Camora - EnTrust Capital. Adam Camora – EnTrust Capital A couple of quick questions, the first is on the balance sheet what it looks like post the Value City transaction. I’m trying...
Investor Alert for Shareholders of Retail Ventures Inc.
M2 PRESSWIRE-12 June 2007-bellwetherreport.com: Investor Alert for Shareholders of Retail Ventures Inc.C1994-2007 M2 COMMUNICATIONS LTD RDATE:12062007 Retail Ventures knows the value of budget-conscious customers. The holding company operates three retail subsidiaries in about 35 states: Value City Department Stores with more...
Market Commentary on Retail Ventures Inc.
M2 PRESSWIRE-5 April 2007-bellwetherreport.com: Market Commentary on Retail Ventures IncC1994-2007 M2 COMMUNICATIONS LTD RDATE:05042007 Market Commentary on Retail Ventures Inc (NYSE:RVI) Retail Ventures, Inc. operates off-price department stores in the United States. Through its wholly owned subsidiary, Value City...
Retail Ventures, Inc., Embraces Efficiencies of Electronic Invoicing, Joins the OB10 Global Network
Company Operates DSW, Filene's Basement, Value City Department Stores SAN FRANCISCO -- Retail Ventures, Inc. (NYSE:RVI), the parent company of three popular value-oriented retail chains, is streamlining its accounts payable processes by moving to electronic invoicing, and has joined the OB10 global e-Invoicing network, OB10 announced today. Headquartered...
BALANCE SHEET; WINNERS AND LOSERS ON THE FISCAL BATTLEFIELD.(Cherokee Inc., Giorgio Armani S.p.A. and Retail Ventures Inc. profit)
Cherokee Inc. delivered an 8.2 percent net income gain to $4.4 million, or 49 cents a share, for the fourth quarter from $4 million, or 46 cents, in the prior period, as revenue soared 16 percent to $9.9 million from $8.5 million. For the yearend period, net...
HEYWOOD WILANSKY; CEO, RETAIL VENTURES INC.
Byline: Jean E. Palmieri Heywood Wilansky doesn't like to lose. Now the president and chief executive officer of Retail Ventures Inc., Wilansky completely changed the character of the Filene's Basement unit during his tenure there, upscaling it from its ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Heywood Wilansky | President and Chief Executive Officer |
| Lane Stonefield | CEO & President |
| James A McGradu | Chief Financial Officer |
| James A. McGrady | Chief Financial Officer |
| Jed L. Norden | Chief Administrative Officer |
| Julia A Davis | Executive Vice President and General Counsel |
| Carol Mazza | Vice President, Marketing |
| Jean Jioffre | Director, Creative |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Harvey L. Sonnenberg | Chair |
| Jay L. Schottenstein | Chairman of the Board |
| Ari Deshe | Board of Directors |
| Elizabeth M. Eveillard | Board of Directors |
| Henry L. Aaron | Board of Directors |
| James L. Weisman | Board of Directors |
| Jon P. Diamond | Board of Directors |
| Lawrence J. Ring | Board of Directors |
| Steven E. Miller | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures Services, Inc. | President & CEO | Current |
| DSW Inc. | Board of Directors | Current |
| The Bon Ton Stores, Inc. | Chief Executive Officer | Former |
| Retail Ventures Jewelry, Inc. | President & CEO | Former |
| Strategic Management Resources | Chief Executive Officer | Former |
| Retail Ventures, Inc. | President and Chief Executive Officer | Former |
| The Bon Ton Stores, Inc. | President | Former |
| Strategic Management Resources | President | Former |
| University of Maryland | professor of marketing | Former |
| Retail Ventures, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | CEO & President | Current |
| Retail Ventures, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Chief Financial Officer | Current |
| Retail Ventures, Inc. | Secretary | Current |
| Retail Ventures, Inc. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Chief Financial Officer | Current |
| Retail Ventures, Inc. | Executive Vice President | Current |
| DSW Inc. | Vice President | Current |
| Value City Department Stores, Inc. | Chief Financial Officer | Former |
| Big Lots, Inc. | Vice President | Former |
| Retail Ventures, Inc. | Treasurer | Former |
| DSW Inc. | Director | Former |
| Big Lots, Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Chief Administrative Officer | Current |
| Retail Ventures, Inc. | Executive Vice President | Current |
| Collective Brands Inc. | Corporate Senior Vice President of Human Resources | Former |
| Ultimate Electronics, Inc. | Vice President of Human Resources | Former |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Executive Vice President and General Counsel | Current |
| DSW Inc. | Vice President | Former |
| Vorys, Sater, Seymour and Pease | Partner | Former |
| Retail Ventures, Inc. | General Counsel | Former |
| DSW Inc. | General Counsel | Former |
| DSW Inc. | Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Director, Creative | Current |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Chair | Current |
| American Institute of Certified Public Accountants | Board Member | Current |
| DSW Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| American Eagle Outfitters, Inc. | Chairman | Current |
| DSW Inc. | Chairman of the Board | Current |
| Retail Ventures, Inc. | Chairman of the Board | Current |
| Schottenstein/Bernstein Capital | Chairman | Current |
| DSW Inc. | Chief Executive Officer | Former |
| American Eagle Outfitters, Inc. | CEO | Former |
| SSC Corporation | Chief Executive Officer | Former |
| Retail Ventures, Inc. | Chief Executive Officer | Former |
| Schottenstein/Bernstein Capital | Co-President | Former |
| Safe Auto Group, Inc. | President and Chief Operating Officer | Former |
| Schottenstein Stores Corporation | Vice President | Former |
| Schottenstein Stores Corporation | Executive | Former |
| SSC Corporation | Chairman | Former |
| Schottenstein Stores Corporation | Director | Former |
| Schottenstein Stores Corporation | Vice Chairman | Former |
| DSW Inc. | Director | Former |
| American Eagle Outfitters, Inc. | Director | Former |
| Indiana University | Former |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Board of Directors | Current |
Elizabeth M. Eveillard, age 59, has been a member of our Board of Directors since November 2005. Ms. Eveillard’s term as a director of Birks & Mayors expires in 2006. She was a member of the board of directors of Mayors from August 2002 until November 14, 2005 and is an independent consultant with over 30 years of experience in the investment banking industry. During 2000-2003, she was a consultant and Senior Managing Director, Retailing and Apparel Group, Bear, Stearns & Co., Inc. During 1988-2000, she served as Managing Director and Head of the Retailing Group, PaineWebber Incorporated. From 1972 to 1988 she held various positions at Lehman Brothers, including Managing Director in the Merchandising Group. She serves on the boards of the following publicly-held and private companies: Beall’s, Inc.; Too, Inc.; and Retail Ventures, Inc. In addition to her board seats at the aforementioned companies, she is also a member of their respective compensation committees.
| Organization | Position | Status |
|---|---|---|
| Birks & Mayors Inc. | Board of Directors | Current |
| Retail Ventures, Inc. | Board of Directors | Current |
| Tween Brands Inc. | Board of Directors | Current |
Henry L. Aaron has served as our director since November 2004. Mr. Aaron served as a director of Turner Broadcasting System, Inc. from 1980 until its acquisition by Time Warner, Inc. in 1996. Mr. Aaron is currently Senior Vice President of Atlanta National League Baseball Club, Inc. He is currently President of Hank Aaron Automotive Group. Mr. Aaron sits on the board of directors of Retail Ventures, Atlanta Technical Institute, the Atlanta Falcons, and the Atlanta Braves. He is a member of the Board of Governors for Boys and Girls Clubs of America. Mr. Aaron is a recipient of the Presidential Medal of Freedom, the nation s highest civilian award, awarded by President George W. Bush. Henry D. Jackson has served as our director since November 2002. Mr. Jackson is Managing Partner and Chief Executive of Merchant Equity Partners LLP, a private investment fund headquartered in London, England and focused on special situations in the European retail industry. Prior to establishing Merchant Equity, he spent 20 years as an investment banker to the retail sector in Europe and the United States and was a Managing Director of Deutsche Bank and Credit Suisse First Boston. Mr. Jackson received a B.Sc., with honors, from the Wharton School, a B.A., with honors, from the University of Pennsylvania, and was elected to Phi Beta Kappa.
| Organization | Position | Status |
|---|---|---|
| Medallion Financial Corp. | Senior Vice President | Current |
| Atlanta National League Baseball Club, Inc. | Senior Vice President | Current |
| Retail Ventures, Inc. | Board of Directors | Current |
| Medallion Financial Corp. | Board of Directors | Current |
| Atlanta Falcons | Board of Directors | Current |
| Atlanta Braves | Board of Directors | Current |
| Medallion Funding Corp. | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Retail Ventures, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| DSW Inc. | Senior Vice President | Current |
| Retail Ventures, Inc. | Board of Directors | Current |
| Spitzer Management, Inc. | Chief Financial Officer | Former |
| Retail Ventures, Inc. | Senior Vice President and Controller | Former |
| Big Lots, Inc. | Assistant Controller | Former |
| DSW Inc. | Controller | Former |
| Big Lots, Inc. | Assistant Treasurer | Former |
| Big Lots, Inc. | Director | Former |
Executive News
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Retail Ventures, Inc. Reports Second Quarter Sales
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