Retail Ventures, Inc. reported total sales for the five weeks ended April 2, 2005, increased 0.8% to $262.7 million from $260.5 million for the five weeks ended April 3, 2004. The company's same store sales decreased 6.5% for the five week period.
Total sales for the nine weeks ended April 2, 2005, increased 4.4% to $445.3 million from $426.7 million for the nine weeks ended April 3, 2004. The company's same store sales decreased 3.4% for the nine week period.
Retail sales statistics are as follows:
Five weeks ended ($ in thousands)
April 2, 2005 April 3, 2004*
$ % $ %
Total Sales
Value City Department Stores $120,289 45.8 $135,182 51.9
DSW Shoe Warehouse 110,931 42.2 96,306 37.0
Filene's Basement 31,515 12.0 29,053 11.1
$262,735 100.0 $260,541 100.0
Comparable Sales Percentage
Value City Department Stores (10.4)% (2.1)%
DSW Shoe Warehouse (1.6)% 12.6 %
Filene's Basement (4.2)% 15.2 %
(6.5)% 4.1 %
Nine weeks ended ($ in thousands)
April 2, 2005 April 3, 2004*
$ % $ %
Total Sales
Value City Department Stores $210,922 47.4 $229,360 53.8
DSW Shoe Warehouse 178,725 40.1 148,903 34.9
Filene's Basement 55,693 12.5 48,416 11.3
$445,340 100.0 $426,679 100.0
Comparable Sales Percentage
Value City Department Stores (7.7)% 1.0%
DSW Shoe Warehouse 2.7 % 14.1%
Filene's Basement (0.8)% 17.7%
(3.4)% 6.5%
* 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.
