Melville Shoe Corporation Explained

Melville Shoe Corporation
Industry:Footwear
Fate:Operating
Successor:Melville Corporation (now CVS Corp)
Founder:Frank Melville
Hq Location City:Harrison, New York
Area Served:United States
Products:Shoes

The Melville Shoe Corporation was a Harrison, New York-based[1] shoe company.

Founded by Frank Melville in 1892,[2] the company was incorporated in 1916. From its inception through 1923 it never had an unprofitable year, and paid dividends on preferred stock from 1916 to 1923.[3]

In 1922 the company was reorganized as the Melville Corporation, which would grow into a major retail conglomerate.[2]

Notes and References

  1. Melville Closes Acquisition, Wall Street Journal, April 15, 1976, pg. 16.
  2. News: Melville Plans To Split Into 3 Companies . Steinhauer . Jennifer . Jennifer Steinhauer . . October 25, 1995 . February 1, 2018.
  3. Chain Shoe Store's Rapid Growth, Wall Street Journal, December 20, 1923, pg. 9.