History
Footstar was created in 1996 as a spinoff of the Melville Corporation, as part of Melville's reorganization and transition into the CVS Corporation. Footstar originally consisted of two former Melville divisions, athletic shoe retailer FootAction USA and Meldisco, which operated footwear departments inside department and discount stores, primarily Kmart. Footstar also had rights to the Thom McAn shoe brand, which it sold in its Meldisco units. The Thom Mcan brand is now owned by Sears Brands, LLC. (Melville had operated the Thom McAn retail chain, which was shut down around the time of the Footstar spinoff.) In 2000, Footstar acquired the shoe retailer Just for Feet, which had filed for bankruptcy.
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