Retail Ventures total sales for the four weeks ended May 1, 2004, increased 6.7% to $219.6 million from $205.8 million for the four weeks ended May 3, 2003. The company's same store sales decreased 0.2% for the four week period.

Total sales for the thirteen weeks ended May 1, 2004, increased 9.8% to $646.3 million from $588.5 million for the thirteen weeks ended May 3, 2003. The company's same store sales increased 4.2% for the thirteen week period.

  Retail sales statistics are as follows:

                                      Four weeks ended ($ in thousands)
                                     May 1, 2004             May 3, 2003
                                    $           %           $           %
  Total Sales
   Value City Department Stores  $110,307     50.2      $116,347      56.5
   DSW Shoe Warehouse              81,724     37.2        67,777      32.9
   Filene's Basement               27,590     12.6        21,722      10.6
                                 $219,621    100.0      $205,846     100.0

  Comparable Sales Percentage
   Value City Department Stores               (5.3)%                   7.1 %
   DSW Shoe Warehouse                          5.3 %                  (3.2)%
   Filene's Basement                          10.8 %                  (9.5)%
                                              (0.2)%                   2.0 %

                                     Thirteen weeks ended ($ in thousands)
                                     May 1, 2004             May 3, 2003
                                    $           %           $           %
  Total Sales
   Value City Department Stores  $339,096     52.5      $342,894      58.3
   DSW Shoe Warehouse             227,277     35.1       183,051      31.1
   Filene's Basement               79,927     12.4        62,587      10.6
                                 $646,300    100.0      $588,532     100.0

  Comparable Sales Percentage
   Value City Department Stores               (1.1)%                  (4.0)%
   DSW Shoe Warehouse                         10.6 %                  (3.6)%
   Filene's Basement                          15.8 %                  (8.1)%
                                               4.2 %                  (4.4)%