Value City February Comps Decrease 12.1%

Value City Department Stores, Inc. announced total sales for the four weeks ended March 1, 2003, decreased 7.2% to $145.0 million from $156.2 million for the four weeks ended March 2, 2002. The company’s same store sales decreased 12.1% for the four week period.

    Retail sales statistics are as follows:
     Four weeks ended ($ in thousands)
                                          March 1, 2003    March 2, 2002
                                             $       %         $       %
     Total Sales
      Value City Department Stores        $88,739   61.2   $100,416   64.3
      DSW Shoe Warehouse                   39,977   27.6     36,842   23.6
      Filene's Basement                    16,298   11.2     18,932   12.1
                                         $145,014  100.0   $156,190  100.0

     Comparable Sales Percentage
      Value City Department Stores                 (11.2) %          1.4 %
      DSW Shoe Warehouse                           (14.2) %          0.5 %
      Filene's Basement                            (13.2) %          5.9 %
                                                   (12.1) %          1.7 %