| Type | Public OTC Markets Group: FTAR |
|---|---|
| Founded | 1996 |
| Headquarters | Mahwah, New Jersey, U.S. |
| Employees | 1,398 (2005) |
| Website | www.footstar.com |
Footstar is a shoe retailer based in Mahwah, New Jersey. After a 2005 restructuring[update], it principally conducts business through its Meldisco Segment which sells and operates family footwear stores principally within Kmart stores as part of Footstar's Shoemart unit. Under a July 2005 agreement with Kmart, Footstar will continue operating stores within Kmart until December 31, 2008 at which point Footstar will sell the remaining inventory to Kmart and wind down the business. The company also distributes its own Thom McAn brand of leather footwear through Rite-Aid stores.
Footstar emerged from Chapter 11 bankruptcy on February 6, 2006. The company is currently traded under the symbol "FTAR" on the Pink Sheets.
The company entered Chapter 11 in March 2004. Prior to bankruptcy, the company had an additional Athletic Segment which sold athletic footwear and apparel through various retail chains (for example, Footaction and Just For Feet), and via catalogs and the Internet.