Rack Room Shoes Company Description
Shoe-a-holics on the hunt for budget-brand names frequent the Rack Room for a fix. Rack Room Shoes sells private-label and brand-name footwear, handbags, and accessories to thrifty customers from some 390 stores in more than 25 states. The company also operates some 60 stores under the Off Broadway banner in about 10 states. Founded in 1922 as a single Phil's Shoes store, Rack Room Shoes is owned by Europe's largest shoe retailer -- Deichmann Schuhe of Germany -- which acquired Rack Room Shoes in 1984. As part of its expansion strategy, the off-price retailer plans to continue opening new stores in the southeastern US; it's focusing specifically on Texas and Arizona.
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The Company Description provides a historical perspective of Rack Room Shoes's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Rack Room Shoes's evolution in the marketplace.
