Total sales for Retail Ventures, Inc. for the four weeks ended May 28, 2005, increased 3.7% to $228.7 million from $220.5 million for the four weeks ended May 29, 2004. The company's same store sales decreased 3.2% for the four week period. DSW May sales increased 14.5% to $100.5 million from $87.8 million last year. Comp sales for DSW inched up 0.2% after am 8.1% increase last May.
Total sales for the seventeen weeks ended May 28, 2005, increased 4.8% to $908.7 million from $866.8 million for the seventeen weeks ended May 29, 2004. The company's same store sales decreased 2.7% for the seventeen week period. DSW YTD sales increased 19.3% to $382.3 million from $320.4 million in the year-ago period. Comparable store sales were up 3.3% on top of last year's 10.2% gain.
Retail sales statistics are as follows:
Four weeks ended ($ in thousands)
May 28, 2005 May 29, 2004*
$ % $ %
Total Sales
Value City Department
Stores $97,251 42.5 $105,037 47.7
DSW 100,490 44.0 87,795 39.8
Filene's Basement 30,909 13.5 27,640 12.5
$228,650 100.0 $220,472 100.0
Comparable Sales Percentage
Value City Department
Stores (6.7)% (3.7)%
DSW 0.2 % 8.1 %
Filene's Basement 0.4 % 11.3 %
(3.2)% 1.9 %
Seventeen weeks ended ($ in thousands)
May 28, 2005 May 29, 2004*
$ % $ %
Total Sales
Value City Department
Stores $408,706 45.0 $445,029 51.3
DSW 382,296 42.1 320,417 37.0
Filene's Basement 117,693 12.9 101,326 11.7
$908,695 100.0 $866,772 100.0
Comparable Sales Percentage
Value City Department
Stores (7.7)% (1.7)%
DSW 3.3 % 10.2 %
Filene's Basement 1.6 % 14.1 %
(2.7)% 3.6 %
* 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 segment. The
fiscal 2004 presentation has been restated to conform with this
realignment.
