Jim Sajdak of Stan’s Fit for Your Feet on Dealmaking and the State of Retail

The Stan’s Fit for Your Feet retail chain has been in operation for more than 70 years. But last month, the company celebrated two new landmarks in its long history. The independent footwear retailer announced its first acquisition in late June, purchasing the 104-year-old shoe store Waxberg’s Walk Shoppe in Niles, Ill., for an undisclosed amount. The deal with Waxberg’s, which is located in a suburb of the Greater Chicago area, also marks the first time Stan’s Fit for Your Feet has ventured beyond the Milwaukee area. Jim Sajdak, president of Stan’s Fit for Your Feet, told FN, “Today you have to look at growing your business and expanding your business wisely when you have the opportunity.” He recalled that the deal came about when Ron Waxberg, the store’s owner, approached him about an acquisition. “I think the timing in his career was such that he wanted to move on to other parts of his life and wanted to make sure that his business was in good hands,” said Sajdak. “The synergy between both of our operations and the way we approach things is very similar. So it was a natural situation for him and a really great opportunity for us.” Even though it’s

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