Retail Ventures total sales for the four weeks ended November 27, 2004, increased 1.9% to $258.9 million from $254.0 million for the four weeks ended November 29, 2003. The company’s same store sales decreased 5.3% for the
four week period.

Total sales for the forty-three weeks ended November 27, 2004, increased 5.1% to $2.24 billion from $2.13 billion for the forty-three weeks ended
November 29, 2003. The company’s same store sales decreased 1.2% for the
forty-three week period.

    Retail sales statistics are as follows:

                                        Four weeks ended ($ in thousands)
                                      November 27, 2004    November 29, 2003
                                          $        %           $        %
    Total Sales
      Value City Department Stores    $144,587    55.8     $160,054    63.0
      DSW Shoe Warehouse                76,697    29.6       63,507    25.0
      Filene's Basement                 37,658    14.6       30,448    12.0
                                      $258,942   100.0     $254,009   100.0

    Comparable Sales Percentage
      Value City Department Stores                (9.7)%               (0.4)%
      DSW Shoe Warehouse                           3.1 %                9.5 %
      Filene's Basement                            2.7 %                6.7 %
                                                  (5.3)%                2.2 %


                                     Forty-three weeks ended ($ in thousands)
                                      November 27, 2004    November 29, 2003
                                          $        %           $        %
    Total Sales
      Value City Department Stores  $1,147,327    51.3   $1,214,863    57.1
      DSW Shoe Warehouse               788,185    35.2      654,653    30.8
      Filene's Basement                301,122    13.5      258,258    12.1
                                    $2,236,634   100.0   $2,127,774   100.0

    Comparable Sales Percentage
      Value City Department Stores                (5.5)%               (0.4)%
      DSW Shoe Warehouse                           4.4 %                4.6 %
      Filene's Basement                            6.1 %                1.3 %
                                                  (1.2)%                1.1 %