Retail Ventures, Inc. saw total sales for the thirteen-week fourth quarter decrease 11.9% to $769.9 million from $874.0 million for the fourteen-week period last year. The company's same store sales decreased 0.1% for the comparable thirteen week period.
Retail sales statistics are as follows:Fiscal Quarter ended ($ in thousands)
February 2, 2008 February 3, 2007
$ % $ %
Total Sales
DSW $ 332,520 43.2 % $ 329,052 37.6 %
Filene's Basement 119,513 15.5 % 129,835 14.9 %
452,033 58.7 % 458,887 52.5 %
Value City Department
Stores(1) 317,910 41.3 % 415,131 47.5 %
$ 769,943 100.0 % $ 874,018 100.0 %
Comparable Sales Percentage
DSW (1.7)% 1.0 %
Filene's Basement 4.8 % (1.3)%
(0.1)% 0.3 %Fiscal Year ended ($ in thousands)
February 2, 2008 February 3, 2007
$ % $ %
Total Sales
DSW $1,405,615 46.2 % $1,279,060 41.7 %
Filene's Basement 466,289 15.3 % 427,473 13.9 %
1,871,904 61.5 % 1,706,533 55.6 %
Value City Department
Stores(1) 1,172,687 38.5 % 1,361,125 44.4 %
$3,044,591 100.0 % $3,067,658 100.0 %
Comparable Sales Percentage
DSW (0.8)% 2.5 %
Filene's Basement 3.6 % 3.1 %
0.3 % 2.7 %(1) Sales for Value City Department Stores are through January 22, 2008,
the effective date of the disposition of a majority interest.
