Retail Ventures' total sales for the four weeks ended August 28, 2004, increased 2.1% to $209.4 million from $205.1 million for the four weeks ended August 30, 2003. The company's same store sales decreased 4.0% for the
four week period.

Total sales for the thirty weeks ended August 28, 2004, increased 6.4% to
$1.49 billion from $1.40 billion for the thirty weeks ended August 30, 2003.
The company's same store sales increased 0.4% for the thirty week period.

    Retail sales statistics are as follows:

                                       Four weeks ended ($ in thousands)
                                     August 28, 2004       August 30, 2003
                                      $           %            $       %
    Total Sales
     Value City Department Stores $114,286       54.6      $123,842   60.4
     DSW Shoe Warehouse             68,152       32.5        56,478   27.5
     Filene's Basement              26,970       12.9        24,762   12.1
                                  $209,408      100.0      $205,082  100.0

    Comparable Sales Percentage
     Value City Department Stores                (7.6)%                2.8%
     DSW Shoe Warehouse                           2.0 %                7.6%
     Filene's Basement                            1.6 %                5.8%
                                                 (4.0)%                4.2%


                                      Thirty weeks ended ($ in thousands)
                                    August 28, 2004       August 30, 2003
                                      $           %            $       %
    Total Sales
     Value City Department Stores $770,971       51.8      $803,258   57.4
     DSW Shoe Warehouse            523,853       35.2       431,867   30.9
     Filene's Basement             192,538       13.0       163,083   11.7
                                $1,487,362      100.0    $1,398,208  100.0

    Comparable Sales Percentage
     Value City Department Stores                (4.0)%               (1.1)%
     DSW Shoe Warehouse                           6.0 %                1.2 %
     Filene's Basement                            8.8 %               (2.5)%
                                                  0.4 %               (0.7)%