Manchester Arndale a shopping centre, it never recovered. Stocks argues that these factors lay behind the Greater Manchester County Council's (GMC) strategic view that the county had too much retail capacity. From 1977 onwards the GMC consistently opposed further development, and would not support any before 1986. Trade increased in the early 1980s, though GMC policy against development and for retaining the relative importance of the retail centres remained. By the mid-1980s, the trend in retailing had moved from city-centres to out-of-town. The opening of Meadowhall Centre in 1990 added to the retail impact in the Sheffield city centre. The GMC was
Retail Ventures Retail Ventures Retail Ventures was a holding company originally created in 2003 for DSW (NYSE: DSW), Filene's Basement, and Value City Department Stores. The retailer's Initial Public Offering was in 1991 under the Value City name. Value City went on to purchase the DSW shoe business in 1998 and Filene's Basement in 2000. Schottenstein Stores Corp. of Columbus, which held controlling interest of Retail Ventures, also held a stake in the 221-store DSW chain. Jay Schottenstein, chairman and CEO of DSW, was chairman of Retail Ventures and heads Schottenstein Stores Corp. Value City Stores were known as Schottenstein's in the