Footstar Inc - FTS- Profile

Footstar, Inc., through its subsidiaries, engages in the manufacture and distribution of footwear in the United States. It sells family footwear through licensed footwear departments at mass merchandisers, stand alone retail stores, and wholesale arrangements. As of July 31, 2004, the company operated in 2,389 Meldisco licensed footwear departments in all 50 states, Guam, Puerto Rico, and the U.S. Virgin Islands. It distributes its own Thom McAn brand of leather footwear through Kmart and Wal-Mart stores. Footstar was organized in 1996 and is headquartered in Mahwah, New Jersey. The company and its subsidiaries filed voluntary petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code in March 2004. Footstar operates its businesses as debtors-in-possession.