Sibley's Shoes
Sibley's Shoes was a retail footwear chain founded in 1920 in the city of Detroit, Michigan, United States. It was founded by Harry Rosenfeld. His sons Aaron Ross and Norman Rosenfeld worked for the company and later took over management and ownership upon Harry's death in 1973.[1] In 1932, the flagship store was moved to the corner of Woodward Avenue and Montcalm; by 1952, Sibley's moved its corporate offices to the Fox Building and remained there until 1977. Meanwhile, the Sibley's chain grew to more than 38 stores at its peak, throughout Michigan and into Ohio. These stores, primarily located in shopping malls, included both Sibley's and Ms. Sibley's, the latter of which was a specialty shoe store for women.
Upon the construction of the Renaissance Center skyscraper complex in the mid-1970s, Sibley's later moved its offices there, until the complex was purchased by General Motors.[2] Sibley's later chose a site in Warren, Michigan in 1997 and began construction on a new headquarters building and warehouse, completed in August 1998.
In 2001, the company was sold to its two top executives,[3] President and CEO Hansel Artrip and CFO and VP Andrew Belsky, and the headquarters were relocated again, this time to Grand Blanc, Michigan. After intense deliberation, and an unwillingness to restructure the embattled company, Artrip and Belsky closed the last twenty-nine stores in late 2003, citing poor financial performance.[1][4]
References
- 1 2 "Sibleys Shoes Announces Intent to Close Stores". Business Wire. 2003-11-26. Retrieved 2008-03-05.
- ↑ Roush, Mat (September 1997). "Booted by RenCen, Sibley's HQ may leave city.". Crain's Detroit Business. Retrieved 2008-03-05.
- ↑ Snavely, Brent (September 2001). "Sibleys Shoes' brothers sell chain to top executives". Crain's Detroit Business. Retrieved 2008-03-05.
- ↑ Greta Guest (November 27, 2003). "Sibleys Shoes to Close Its 29 Shoe Stores in Michigan and Ohio". Detroit, M: Detroit Free Press. Retrieved 2014-06-07 – via HighBeam Research.