Retail Ventures, Inc. total sales for December increased 6.2% to $386.8 million from $364.4 million for the five weeks ended January 1, 2005. The company's same store sales increased 3.2% for the five week period.
Total sales for the forty-eight weeks ended December 31, 2005 increased 6.1% to $2.76 billion from $2.60 billion for the forty-eight weeks ended January 1, 2005. The company's same store sales increased 0.2% for the forty- eight week period.
Retail sales statistics are as follows:
Five weeks ended ($ in thousands)
December 31, 2005 January 1, 2005*
$ % $ %
Total Sales
Value City Department Stores $217,806 56.3 $219,794 60.3
DSW 114,298 29.6 94,717 26.0
Filene's Basement 54,695 14.1 49,853 13.7
$386,799 100.0 $364,364 100.0
Comparable Sales Percentage
Value City Department Stores (0.2)% (2.4)%
DSW 9.9 % 4.0 %
Filene's Basement 7.8 % 0.6 %
3.2 % (0.7)%
Forty-eight weeks ended ($ in thousands)
December 31, 2005 January 1, 2005*
$ % $ %
Total Sales
Value City Department Stores $1,317,221 47.7 $1,370,497 52.7
DSW 1,072,485 38.9 902,921 34.7
Filene's Basement 370,518 13.4 327,580 12.6
$2,760,224 100.0 $2,600,998 100.0
Comparable Sales Percentage
Value City Department Stores (3.3)% (5.0)%
DSW 5.1 % 4.5 %
Filene's Basement 3.1 % 5.1 %
0.2 % (1.2)%
*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.
Retail Ventures, Inc. is a leading off-price retailer currently operating 114 Value City Department Stores in the Midwest, mid-Atlantic and southeastern U.S., 27 Filene's Basement Stores in the Northeast and 199 better-branded DSW stores in major metropolitan areas throughout the country. DSW also supplies, under supply arrangements, to 213 locations for other non-related retailers in the United States.
