Consumer >> CEO Interviews >> November 2, 1998

J. M. Robinson – Footstar Inc (fts)

J.M. (MICKEY) ROBINSON is the Chairman, Chief Executive Officer and President of Footstar, Inc., a $1.7 billion footwear retailer. Beginning in 1988, Mr. Robinson was President and Chief Executive Officer of the Meldisco division of Melville. When Melville restructured its business, which resulted in the formation of two companies - Footstar and CVS, Mr. Robinson led the transition of the footwear divisions to become Footstar, Inc. During Mr. Robinson's tenure with Meldisco, the company achieved more than $1.2 billion in sales in 1994. Under his leadership, Meldisco expanded its retail business into Mexico, the Czech Republic, Slovakia, Hungary and Guam. The company also opened an overseas office in Hong Kong to increase its Far East Purchasing operation. In addition, Meldisco began a relationship with Payless Drugstores in 1989, leasing approximately 100 feet of selling space in 218 stores to display beachwear, slippers and other casual footwear. This venture has grown to include Thrifty Drugstores with combined footwear sales of $32 million in nearly 1,000 stores. Mr. Robinson joined Melville Corporation in 1986 as Director of Business Development. At Melville, he developed a new start up division named Smart Step. He was appointed President of this division in 1987. From 1978 to 1986, Mr. Robinson led the creation of the concept and served as President of AutoZone for Malone & Hyde, Inc. In seven years, the chain grew from its first prototype store to almost 300 units. From 1973 to 1977, Mr. Robinson lived in Hong Kong where he was General Manager of Filmo (HK), Ltd., a subsidiary of Hutchison- Whampoa, Ltd. Earlier, he served as Planning Manager for Duty Free Shoppers. Mr. Robinson is Chairman of the Footwear Distributors and Retailers of America. He holds an MBA from Harvard University and is a graduate of the University of Memphis. Mr. Robinson also served as an Officer of the United States Coast Guard. Profile
TWST: Give us a background summary, a bit of a historical sketch on the

company. Place us in context as to what you see as your company, and as

your business today?

Mr. Robinson: Footstar