DSW Same-Store Sales Jump 10.5% for February

Retail Ventures, Inc. reported that total sales for the four weeks ended February 26, 2005 increased 9.9% to $182.6 million from $166.1 million for the four weeks ended February 28, 2004. The company’s same store sales increased 1.5% for the four week period.

    Retail sales statistics are as follows:                                       
                                        Four weeks ended ($ in thousands)
                                  February 26, 2005       February 28, 2004*
                                     $          %           $             %
    Total Sales
     Value City Department Stores  $90,633      49.6      $94,178         56.7     
     DSW Shoe Warehouse             67,794      37.1       52,597         31.7     
     Filene's Basement              24,178      13.3       19,363         11.6                                  
                                  $182,605     100.0     $166,138        100.0  
  
     Comparable Sales Percentage
     Value City Department Stores              (4.0)%                     5.9%     
     DSW Shoe Warehouse                        10.3 %                    16.8%     
     Filene's Basement                          4.1 %                    21.5%                                                                                                      
                                                1.5 %                    10.5%    
* Business segments were realigned at the beginning of fiscal 2005 to
      reflect how the company establishes strategic goals and manages the
      business. The realignment resulted in the Filene's Basement shoe
      business being included within the DSW Shoe Warehouse segment.  The
      fiscal 2004 presentation has been restated to conform with this
      realignment.