Shoe Company History
During the period from 1925 - 1928 the number of Melville stores increased by 184% and net income expanded 360%. In the first three months of 1929 the chain store realized a 34% increase in sales over 1928. In February 1930 the Melville Shoe Corporation controlled 460 Thom McAn, Rival, and John Ward stores in thirty-nine of the United States.
In April 1976 the Melville Shoe Corporation, then known as the Melville Corporation, acquired Marshalls Inc., a chain of thirty-two specialty stores, based in New England. The purchase price was $40 million.
Read more about this topic: Melville Shoe Corporation
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