Value City Department Stores, Inc. announced total sales for the four weeks ended February 1, 2003, increased 3.2% to $118.2 million from $114.6 million for the four weeks ended February 2, 2002. Total sales for the four weeks ended February 1, 2003 include $5.5 million attributable to operations of VCM Ltd. acquired effective February 2, 2002. The company’s same store sales decreased 6.4% for the four week period.
Total sales for the fifty-two weeks ended February 1, 2003, increased 7.3% to $2.5 billion from $2.3 billion for the fifty-two weeks ended February 2, 2002. Fiscal 2002 total sales include $134.2 million attributable to operations of VCM Ltd. The company’s same store sales decreased 3.5% for the fifty-two week period.
Retail sales statistics are as follows:
Four weeks ended ($ in thousands)
February 1, 2003 February 2, 2002
$ % $ %
Total Sales
Value City Department Stores $69,773 59.0 $69,564 60.7
DSW Shoe Warehouse 34,954 29.6 30,913 27.0
Filene's Basement 13,509 11.4 14,078 12.3
$118,236 100.0 $114,555 100.0
Comparable Sales Percentage
Value City Department Stores (6.3) % (5.9) %
DSW Shoe Warehouse (8.2) % 1.0 %
Filene's Basement (3.1) % (5.6) %
(6.4) % (4.4) %
Fifty-two weeks ended ($ in thousands)
February 1, 2003 February 2, 2002
$ % $ %
Total Sales
Value City Department Stores $1,518,595 61.9 $1,481,151 64.9
DSW Shoe Warehouse 628,964 25.7 509,375 22.3
Filene's Basement 303,160 12.4 293,352 12.8
$2,450,719 100.0 $2,283,878 100.0
Comparable Sales Percentage
Value City Department Stores (5.1) % (3.7) %
DSW Shoe Warehouse (0.1) % 0.0 %
Filene's Basement 0.3 % 2.2 %
(3.5) % (2.4) %
