COLUMBUS, Ohio, Aug. 7 /PRNewswire-FirstCall/ -- Retail Ventures, Inc.
(NYSE: RVI) announced today that total sales for the thirteen weeks ended
August 2, 2008 decreased 1.0% to $459.8 million from $464.6 million for the
thirteen weeks ended August 4, 2007. The company's same store sales decreased
5.1% for the comparable thirteen week period.
Total sales for the twenty-six weeks ended August 2, 2008 decreased 0.5%
to $926.1 million from $930.5 million for the twenty-six weeks ended August 4,
2007. The company's same store sales decreased 4.7% for the comparable
twenty-six week period.
Retail sales statistics are as follows:
Thirteen Weeks ended ($ in thousands)
August 2, 2008 August 4, 2007
$ % $ %
Total Sales
DSW $357,175 77.7% $348,718 75.1%
Filene's Basement 102,611 22.3% 115,920 24.9%
$459,786 100.0% $464,638 100.0%
Comparable Sales
Percentage
DSW (6.9)% 5.9 %
Filene's Basement 1.4 % 7.0 %
(5.1)% 6.2 %
Twenty-six Weeks ended ($ in thousands)
August 2, 2008 August 4, 2007
$ % $ %
Total Sales
DSW $723,439 78.1% $705,715 75.8%
Filene's Basement 202,631 21.9% 224,762 24.2%
$926,070 100.0% $930,477 100.0%
Comparable Sales
Percentage
DSW (6.2)% 0.9 %
Filene's Basement 0.6 % 4.3 %
(4.7)% 1.7 %
On January 23, 2008, Retail Ventures, Inc. disposed of an 81% ownership
interest in its Value City operations. Sales for all periods presented exclude
sales applicable to the Value City operations.
Retail Ventures, Inc. is a leading off-price retailer operating as of
August 2, 2008, 36 Filene's Basement stores in major metropolitan areas in the
northeastern and midwestern United States and 274 DSW stores in major
metropolitan areas throughout the United States. DSW also supplies shoes,
under supply arrangements, to 348 locations for other non-related retailers in
the United States and online through its e-commerce site, DSW.com .
SOURCE Retail Ventures, Inc.
