Retail Ventures, Inc. announced total sales for the five weeks ended October 4, 2003, increased 15.9% to $261.4 million from $225.4 million for the five weeks ended October 5, 2002. The company's same store sales increased 10.6% for the five week period.

Total sales for the thirty-five weeks ended October 4, 2003, increased 5.8% to $1.66 billion from $1.57 billion for the thirty-five weeks ended October 5, 2002. The company's same store sales increased 0.9% for the thirty- five week period.

Retail sales statistics are as follows:

                                         Five weeks ended ($ in thousands)
                                       October 4, 2003       October 5, 2002
                                         $         %           $         %
    Total Sales
      Value City Department Stores   $138,236     52.9     $129,112     57.3
      DSW Shoe Warehouse               86,943     33.3       65,787     29.2
      Filene's Basement                36,179     13.8       30,520     13.5
                                     $261,358    100.0     $225,419    100.0

    Comparable Sales Percentage
      Value City Department Stores                 7.1%                (11.8)%
      DSW Shoe Warehouse                          16.9%                  1.2 %
      Filene's Basement                           13.9%                 (0.9)%
                                                  10.6%                 (7.5)%

                                    Thirty-five weeks ended ($ in thousands)
                                       October 4, 2003       October 5, 2002
                                         $         %           $         %
    Total Sales
      Value City Department Stores   $941,494     56.7     $945,436     60.3
      DSW Shoe Warehouse              518,810     31.3      425,542     27.1
      Filene's Basement               199,262     12.0      198,132     12.6
                                   $1,659,566    100.0   $1,569,110    100.0

    Comparable Sales Percentage
      Value City Department Stores                 0.0%                 (5.2)%
      DSW Shoe Warehouse                           3.5%                 (0.5)%
      Filene's Basement                            0.1%                  1.9 %
                                                   0.9%                 (3.4)%