Who is Jay Schottenstein?
Schottenstein is Chairman of the SB Capital Group and its subsidiaries. Such as Schottenstein Stores Corporation, American Eagle Outfitters, and DSW Inc. He is CEO of American Signature Furniture and Value City Furniture.
Jay Schottenstein is the son of Jerome Schottenstein. He is the founder of the Schottenstein Stores Corporation.
The Schottenstein family is active – and very successful – in retail. Family patriarch Ephraim L. Schottenstein started buying overstocked and outdated goods from local retailers. He was selling them out of a horse and buggy.
He launched his first department store in 1917. His son Jerome was responsible for the 1962 acquisition of Value City Stores.
The Schottensteins earned a nationwide reputation as “pioneers of the retail liquidation industry”. And “professional liquidators” by engineering buyouts of infamous failures.
American Eagle Outfitters
Read more about the Schottensteins business history here. Nowadays the family owns several large companies. The companies have more than 15,000 employees.
American Eagle Outfitters is a global specialty retailer. It is offering high-quality on-trend clothing, accessories, and personal care products. All at affordable prices under its American Eagle Outfitters and Aerie Brands.
The company operates more than 1,000 stores in the United States, Canada, Mexico, China, and Hong Kong. American Signature Furniture designs and manufactures fine quality home furnishings.
Designer Shoe Warehouse
DSW Inc. is a leading branded footwear and accessories retailer. The company offers a wide selection of brand name and designer dress, casual and athletic footwear. And accessories for women, men, and kids. DSW operates 394 stores in 42 states.
Schottenstein Property Group is a vertically-integrated owner, operator, acquirer, and redeveloper of high quality, power/big box, community, and neighborhood shopping centers. It is active in major population areas throughout the United States.
Jay is an active philanthropist through his The Jay and Jean Schottenstein Foundation.
The family donated funds to establish the Jerome Schottenstein Center in Ohio. It is home of the Ohio State University Men’s and Women’s Basketball teams.
Jay Schottenstein Net Worth
The net worth of the Schottenstein Family is estimated at US$ 2.7 billion.