Retail Ventures chairman buys more than 2.35 million shares, ownership grows to 55.4%

By Lisa Kerner

Charlotte, N.C., Dec. 16 - Retail Ventures Inc. chairman Jay L. Schottenstein bought 2,356,300 shares of he company's stock on Dec. 12 and Dec. 15 giving him a controlling interest of 55.4%.

The shares were priced at $1.30 each and $2.02 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Schottenstein beneficially owns approximately 32.71 million shares of the Columbus, Ohio-based retailer.

Retail Ventures operates DSW stores and Filene's Basement stores.

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