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Friday, October 26, 2007 10:45:55 AM
1.Payless
2. ShoeSource, Inc.
3.KB Toys
to expand rapidly in rural markets in primarily former
Ames locations. WiseBuys has generated store revenues of over $35 million since November 2003, and, after a brief pause, is now aggressively seeking growth through acquisitions and new store development.
WiseBuys' goal is to add another 30-40 stores over a three year period and achieve annual revenues of about $120 million. Joe LaChausse, WiseBuys' CEO stated, "We feel
this critical mass is attainable given the current supply of relatively low cost retail space in rural America.
Our initial geographic presence with be New York, Pennsylvania, Vermont, Massachusetts, and Connecticut." WiseBuys' current stores -- all in New York
State - include Canton, Gouverneur, Hamilton, Pulaski, and Tupper Lake.
If my mind can conceive it, and my heart can believe it, I know I can achieve it.
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