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In November 1981 Field's sold Halle's (now numbering 15 stores in Ohio and Pennsylvania) to Associated Investors Corporation, led by Columbus, Ohio businessman Jerome Schottenstein, whose primary holdings included the Value City discount store chain.
Retail Ventures was originally created in 2003 as a holding company for DSW (NYSE: DSW), Filene's Basement, and Value City Department Stores.
Prior to July 1, 2010, one of Value City Arena's major event competitors was the downtown Nationwide Arena, which opened in 2000 and is home to the NHL's Columbus Blue Jackets.