Retail Ventures total sales for the four weeks ended
November 29, 2003, increased 6.7% to $254.0 million from $238.1 million for the four weeks ended November 30, 2002. The company's same store sales increased 2.2% for the four week period.

Total sales for the forty-three weeks ended November 29, 2003,
increased 5.9% to $2.128 billion from $2.010 billion for the
forty-three weeks ended November 30, 2002. The company's same store
sales increased 1.1% for the forty-three week period.

Retail sales statistics are as follows:

                                  Four weeks ended ($ in thousands)
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November 29, 2003 November 30, 2002
------------------- --------------------
$ % $ %
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Total Sales
Value City Department
Stores $ 160,054 63.0 $ 160,636 67.4
DSW Shoe Warehouse 63,507 25.0 50,166 21.1
Filene's Basement 30,448 12.0 27,285 11.5
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$ 254,009 100.0 $ 238,087 100.0
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Comparable Sales
Percentage
Value City Department
Stores (0.4)% (10.3)%
DSW Shoe Warehouse 9.5 % 2.6 %
Filene's Basement 6.7 % (5.3)%
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2.2 % (7.8)%
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Year to Date ($ in thousands)
-----------------------------------------
November 29, 2003 November 30, 2002
------------------- --------------------
$ % $ %
--------------------------------------------------------------------
Total Sales
Value City Department
Stores $1,214,863 57.1 $1,223,343 60.9
DSW Shoe Warehouse 654,653 30.8 535,168 26.6
Filene's Basement 258,258 12.1 251,548 12.5
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$2,127,774 100.0 $2,010,059 100.0
====================================================================

Comparable Sales
Percentage
Value City Department
Stores (0.4)% (5.6)%
DSW Shoe Warehouse 4.6 % 0.5 %
Filene's Basement 1.3 % 1.1 %
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1.1 % (3.6)%
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