Melville Shoe Corporation

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The Melville Shoe Corporation of Harrison, New York[1] opened for business as a small shoe company in 1892[2] and was incorporated in 1916. From its inception through 1923 the company never had an unprofitable year, and paid dividends on preferred stock from 1916 to 1923.[3]

Melville Corporation[edit]

In 1922 the company was reorganized as the Melville Corporation, which would grow into a major retail conglomerate.[2] One of that firm's subsidiaries, the Meldisco Company, operated shoe departments in Kmart stores in the early 1980s.[4]

References[edit]

  1. ^ Melville Closes Acquisition, Wall Street Journal, April 15, 1976, pg. 16.
  2. ^ a b Steinhauer, Jennifer (October 25, 1995). "Melville Plans To Split Into 3 Companies". The New York Times. Retrieved February 1, 2018.
  3. ^ Chain Shoe Store's Rapid Growth, Wall Street Journal, December 20, 1923, pg. 9.
  4. ^ Kmart Reports Profit Rose 6.9% In Its 2nd Period, Wall Street Journal, August 18, 1982, pg. 12.