CORRECTING and REPLACING Retail Ventures, Inc. Reports Comparable Store Sales Increase of 2.2% on November Retail Sales of $254.0 Million.Business Editors CORRECTION...by Business Wire COLUMBUS Columbus. 1 City (1990 pop. 178,681), seat of Muscogee co., W Ga., at the head of navigation on the Chattahoochee River; settled and inc. 1828 on the site of a Creek village. , Ohio--(BUSINESS WIRE)--Dec. 4, 2003 In BW5304 issued Dec. 4, 2003: In the second table, the header (1) In a disk or tape file, a set of data that resides permanently at the beginning. It may be used for identification only (type of file, date of last update, etc.), or it may describe the structural layout of the contents, as is common with many document and database formats. should read Forty-three weeks ended ($ in thousands), (sted Four weeks ended ($ in thousands). The corrected release reads: RETAIL VENTURES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . REPORTS COMPARABLE STORE SALES INCREASE OF 2.2% ON NOVEMBER November: see month. RETAIL SALES OF $254.0 MILLION Retail Ventures, Inc. (NYSE NYSE See: New York Stock Exchange :RVI RVI Radio Vlaanderen Internationaal (public broadcaster of the Flemish Community in Belgium) RVI Remote Visual Inspection RVI Renault Vehicules Industriels RVI Residual Value Insurance RVI Reverse Interrupt ) announced today 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 Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of 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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$ % $ %
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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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Forty-three weeks ended ($ in thousands)
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November 29, 2003 November 30, 2002
------------------- --------------------
$ % $ %
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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
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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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Retail Ventures, Inc. is a leading off-price off-price adj. 1. Of, relating to, or being a retail store that sells merchandise at prices lower than usual. 2. For sale at prices lower than usual: off-price assortments of women's clothing. retailer currently operating 116 Value City Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. in the Midwest, mid-Atlantic and southeastern U.S., 21 Filene's Basement Filene's Basement, also called The Basement, is a Massachusetts-based chain of department stores owned by Retail Ventures, Inc. The oldest off-price retailer in the United States, The Basement Stores in the Northeast and 142 better-branded DSW DSW - penis war Shoe Warehouse Stores in major metropolitan areas throughout the country. |
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