 Value City went on to purchase the DSW shoe business in 1998 and Filene's Basement in 2000.Schottenstein Stores Corp. of Columbus, which held controlling interest of Retail Ventures, also held a stake in the 221-store DSW chain.Jay Schottenstein, chairman and CEO of DSW, was chairman of Retail Ventures and heads Schottenstein Stores Corp. Value City Stores were known as Schottenstein's in the Columbus, Ohio market in honor of its founder Ephraim Schottenstein, but the name was dropped after Value City was sold to Burlington Coat Factory.