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The Melville Shoe Corporation was a
Harrison, New York Harrison is a town in Westchester County, New York, United States, northeast of Manhattan. The population was 28,218 at the 2020 census. History Harrison was established in 1696 by a patent granted by the British government to John Harrison a ...
-based''Melville Closes Acquisition'', Wall Street Journal, April 15, 1976, pg. 16.
shoe A shoe is an item of footwear intended to protect and comfort the human foot. They are often worn with a sock. Shoes are also used as an item of decoration and fashion. The design of shoes has varied enormously through time and from culture t ...
company. Founded by Frank Melville in 1892, the company was incorporated in 1916. From its inception through 1923 it never had an unprofitable year, and paid dividends on
preferred stock Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt ins ...
from 1916 to 1923.''Chain Shoe Store's Rapid Growth'',
Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
, December 20, 1923, pg. 9. In 1922 the company was reorganized as the
Melville Corporation Melville Corporation, formerly based in Rye, New York, was a large retail holding company incorporated by Ward Melville in 1922 from Melville Shoe Corporation, Melville Shoe Company. It became CVS Corporation in 1996 under a massive reorganization ...
, which would grow into a major retail conglomerate.


References

{{Authority control Shoe brands Shoe companies of the United States Clothing companies established in 1892 American companies established in 1892 1892 establishments in New York (state) American companies disestablished in 1922 1922 disestablishments in New York (state) Defunct manufacturing companies based in New York (state)