Total sales for the thirty-nine weeks ended November 1, 2008 increased 0.7% to $1.43 billion from $1.42 billion for the thirty-nine weeks ended November 3, 2007. The company's same store sales decreased 4.2% for the comparable thirty-nine week period.

   Retail sales statistics are as follows:                                        Thirteen Weeks ended ($ in thousands)                                       November 1, 2008     November 3, 2007                                          $         %          $         %   Total Sales   DSW                                $391,355    77.7%    $367,380    75.1%   Filene's Basement                   112,150    22.3%     122,014    24.9%                                      $503,505   100.0%    $489,394   100.0%    Comparable Sales Percentage   DSW                                            (4.1)%               (3.0)%   Filene's Basement                              (1.0)%                1.2 %                                                  (3.3)%               (2.1)%                                      Thirty-Nine Weeks ended ($ in thousands)                                       November 1, 2008      November 3, 2007                                          $         %          $         %   Total Sales   DSW                              $1,114,794    78.0%  $1,073,095    75.6%   Filene's Basement                   314,781    22.0%     346,776    24.4%                                    $1,429,575   100.0%  $1,419,871   100.0%    Comparable Sales Percentage   DSW                                            (5.5)%               (0.5)%   Filene's Basement                               0.0 %                3.3 %                                                  (4.2)%                0.4 %    

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 holding company whose subsidiaries, DSW and Filene's Basement, operate retail stores. DSW is a leading United States branded footwear specialty retailer operating, as of November 1, 2008, 295 shoe stores in metropolitan areas throughout the country. DSW also supplies shoes, under supply agreements, to 345 locations for other non-related retailers in the United States and operates dsw.com. Filene's Basement is an off-price retailer operating, as of November 1, 2008, 36 Filene's Basement stores in major metropolitan areas in the northeastern and midwestern United States.

Retail Ventures, Inc.

CONTACT: Jim McGrady, Chief Financial Officer, Retail Ventures, Inc.,+1-614-478-2208

Web site: http://www.retailventuresinc.com/

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