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Value City Furniture
American Signature, Inc. is a privately owned furniture company based in Columbus, Ohio. It is the parent company of the retail brands American Signature Furniture and Value City Furniture, and the manufacturer brand American Signature. American Signature Furniture and Value City Furniture sell residential furniture manufactured by American Signature, Inc., as well as more than 30 additional manufacturers from 125 locations around the East Coast, Midwest, and Southeastern United States. History Clothing store entrepreneur E.L. Schottenstein adapted his successful apparel store to sell furniture in the early 1900s after the Post–World War II baby boom, post-World War II baby boom accelerated demand for furniture. Recognizing the expanding opportunity, Schottenstein created a separate business dedicated to furniture sales, later renaming it Value City Furniture. Alvin Schottenstein and Value City Furniture In 1948, E.L. Schottenstein’s son, Alvin, took over the furnitu ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Columbus, Ohio
Columbus (, ) is the List of capitals in the United States, capital and List of cities in Ohio, most populous city of the U.S. state of Ohio. With a 2020 United States census, 2020 census population of 905,748, it is the List of United States cities by population, 14th-most populous city in the U.S., the second-most populous city in the Midwestern United States, Midwest (after Chicago), and the third-most populous U.S. state capital (after Phoenix, Arizona, and Austin, Texas). Columbus is the county seat of Franklin County, Ohio, Franklin County; it also extends into Delaware County, Ohio, Delaware and Fairfield County, Ohio, Fairfield counties. The Columbus metropolitan area, Ohio, Columbus metropolitan area encompasses ten counties in central Ohio and had a population of 2.14 million in 2020, making it the Ohio statistical areas, largest metropolitan area entirely in Ohio and Metropolitan statistical area, 32nd-largest metro area in the U.S. Columbus originated as several Nat ...
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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Jay Schottenstein
Jay Schottenstein (born 1954) is an entrepreneur from Columbus, Ohio. He is the chairman and CEO of Schottenstein Stores Corporation, American Eagle Outfitters, and American Signature. He is the Executive Chairman of Designer Brands. Early life Schottenstein was born and raised in Columbus, Ohio, to a Jewish family, the son of Geraldine (née Hurwitz) and Jerome Schottenstein. His father, uncles, and grandfather established Schottenstein Stores Corporation. Schottenstein graduated from Indiana University Bloomington in 1976. Career In 1976, Schottenstein began working in his father's business, joining Value City Furniture. Schottenstein became chairman of American Eagle Outfitters in 1992 and held the position of CEO from 1992 to 2002, and since December 2015. In 1993, after his father's death, he replaced his father as head of Schottenstein Stores Corporation. Since 2005, he has served as chairman of DSW. Schottenstein oversees a network of businesses that include America ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the pro ...
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Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed i ...
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Schottenstein Stores
Schottenstein Stores Corp., based in Columbus, Ohio, is a holding company for various ventures of the Schottenstein family. Jay Schottenstein and his sons Joey Schottenstein, Jonathan Schottenstein, and Jeffrey Schottenstein are the primary holders in the company. Retail ventures Schottenstein Stores owns stakes in DSW and American Signature Furniture; 15% of American Eagle Outfitters, retail liquidator SB360 Capital Partners, over 50 shopping centers, and 5 factories producing its shoes and furniture. It also holds an ownership interest in American Eagle Outfitters, Wehmeyer in Germany, Cold Stone Creamery, The Mazel Company, Gidding-Jenny, Shiffren Willens jewelry stores, and Sara Fredericks boutiques. Schottenstein had operated the chain of Value City discount department stores. In 2006, a consortium of investors, including Schottenstein Stores, purchased 655 stores from grocery retailer Albertson's. Brands Schottenstein Stores owns the rights to various brands, inclu ...
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Value City Furniture Store Westland Michigan
Value or values may refer to: Ethics and social sciences * Value (ethics), concept which may be construed as treating actions themselves as abstract objects, associating value to them ** Axiology, interdisciplinary study of values, including ethical values * Social imaginary, set of morals, institutions, laws, and symbols common to a particular social group * Religious values, beliefs and practices which a religious adherent partakes in Economics * Value (economics), a measure of the benefit that may be gained from goods or service ** Theory of value (economics), the study of the concept of economic value ** Value (marketing), the difference between a customer's evaluation of benefits and costs ** Value investing, an investment paradigm * Values (heritage), the measure by which the cultural significance of heritage items is assessed * Present value, value of an expected income stream as of the date of valuation * Present value of benefits, discounted sum of a stream of benef ...
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Furniture
Furniture refers to objects intended to support various human activities such as seating (e.g., Stool (seat), stools, chairs, and sofas), eating (table (furniture), tables), storing items, working, and sleeping (e.g., beds and hammocks). Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks), or to store things (e.g., cupboards, Shelf (storage), shelves, and drawers). Furniture can be a product of design and can be considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or Religion, religious purpose. It can be made from a vast multitude of materials, including metal, plastic, and wood. Furniture can be made using a variety of woodworking joints which often reflects the local culture. People have been using natural objects, such as tree stumps, rocks and moss, as furniture since the beginning of human civilization and continues today in some househol ...
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Post–World War II Baby Boom
The middle of the 20th century was marked by a significant and persistent increase in fertility rates in many countries, especially in the Western world. The term '' baby boom'' is often used to refer to this particular boom, generally considered to have started immediately after World War II, although some demographers place it earlier or during the war. This terminology led to those born during this baby boom being nicknamed the baby boom generation. The boom coincided with a marriage boom. The increase in fertility was driven primarily by a decrease in childlessness and an increase in parity progression to a second child. In most of the Western countries, progression to a third child and beyond declined, which, coupled with aforementioned increase in transition to first and second child, resulted in higher homogeneity in family sizes. The baby boom was most prominent among educated and economically active women. The baby boom ended with a significant decline in fertility ra ...
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Nashville, Tennessee
Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, located on the Cumberland River. Nashville had a population of 689,447 at the 2020 United States census, 2020 census, making it the List of United States cities by population, 21st-most populous city in the United States and the fourth-most populous city in Southeastern United States, the Southeast. The city is the center of the Nashville metropolitan area, home to 2.1 million people, and is among the fastest growing cities in the nation. Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779 when this territory was still considered part of North Carolina. The city grew quickly due to its strategic location as a port on the Cumberland River and, in the 19th century, a railr ...
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Furniture Retailers Of The United States
Furniture refers to objects intended to support various human activities such as seating (e.g., stools, chairs, and sofas), eating ( tables), storing items, working, and sleeping (e.g., beds and hammocks). Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks), or to store things (e.g., cupboards, shelves, and drawers). Furniture can be a product of design and can be considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or religious purpose. It can be made from a vast multitude of materials, including metal, plastic, and wood. Furniture can be made using a variety of woodworking joints which often reflects the local culture. People have been using natural objects, such as tree stumps, rocks and moss, as furniture since the beginning of human civilization and continues today in some households/campsites. Archaeological research shows that from ar ...
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