Retail Ventures, Inc. announced total sales for the four weeks ended January 29, 2005, increased 12.8% to $138.6 million from $122.9 million for the four weeks ended January 31, 2004. The company’s same-store sales increased 2.9% for the four week period.

Total sales for the fifty-two weeks ended January 29, 2005, increased 5.6% to $2.74 billion from $2.59 billion for the fifty-two weeks ended January 31, 2004. The company’s same store sales decreased 1.0% for the fifty-two week period.

    Retail sales statistics are as follows:
                                       Four weeks ended ($ in thousands)
                                    January 29, 2005      January 31, 2004
                                        $        %            $         %
    Total Sales
     Value City Department Stores     $63,933   46.1       $64,972    52.9
     DSW Shoe Warehouse                56,733   40.9        42,605    34.7
     Filene's Basement                 17,967   13.0        15,289    12.4
                                     $138,633  100.0      $122,866   100.0

    Comparable Sales Percentage
     Value City Department Stores               (1.5)%                (6.9)%
     DSW Shoe Warehouse                         13.0 %                 8.4 %
     Filene's Basement                          (2.9)%                 8.5 %
                                                 2.9 %                (1.2)%



                                    Fifty-two weeks ended ($ in thousands)
                                    January 29, 2005      January 31, 2004
                                        $        %            $        %
    Total Sales
     Value City Department Stores  $1,430,721   52.2    $1,504,674    58.0
     DSW Shoe Warehouse               937,184   34.2       772,631    29.8
     Filene's Basement                371,726   13.6       316,901    12.2
                                   $2,739,631  100.0    $2,594,206   100.0

    Comparable Sales Percentage
     Value City Department Stores               (4.9)%                (0.7)%
     DSW Shoe Warehouse                          4.8 %                 5.6 %
     Filene's Basement                           5.0 %                 2.6 %
                                                (1.0)%                 1.2 %