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Retail Venture to file Form 8-K/A
12 Sep '05
1 min read
Ohio based leading off-price retailer Retail Ventures Inc announced that it would file a Form 8-K/A revising the unaudited balance sheet that accompanied the Company's second quarter fiscal 2005 results press release issued on September 7, 2005.
The revision reduces the amount previously announced as minority interest by $175.3 million to $104.7 million with a corresponding decrease in other assets of $26.6 million to $9.4 million, an increase of $13.1 million to $108.4 million in other noncurrent liabilities and an increase of $135.6 million to $215.3 million in shareholders' equity.
The Company's balance sheet adjustments will not in any way affect the Company's historical net income, earnings per share or total cash and equivalents. Moreover, these adjustments do not change the Company's ability to access its funds.
Click Here to view July 30, 2005, balance sheet
Retail Ventures Inc is a leading off-price retailer currently operating 114 Value City Department Stores in the Midwest, mid-Atlantic and southeastern U.S., 27 Filene's Basement stores in the Northeast and 177 better-branded DSW stores in major metropolitan areas throughout the country. DSW also supplies, under supply arrangements, to 206 locations for other non-related retailers in the United States.
The revision reduces the amount previously announced as minority interest by $175.3 million to $104.7 million with a corresponding decrease in other assets of $26.6 million to $9.4 million, an increase of $13.1 million to $108.4 million in other noncurrent liabilities and an increase of $135.6 million to $215.3 million in shareholders' equity.
The Company's balance sheet adjustments will not in any way affect the Company's historical net income, earnings per share or total cash and equivalents. Moreover, these adjustments do not change the Company's ability to access its funds.
Click Here to view July 30, 2005, balance sheet
Retail Ventures Inc is a leading off-price retailer currently operating 114 Value City Department Stores in the Midwest, mid-Atlantic and southeastern U.S., 27 Filene's Basement stores in the Northeast and 177 better-branded DSW stores in major metropolitan areas throughout the country. DSW also supplies, under supply arrangements, to 206 locations for other non-related retailers in the United States.
Retail Ventures Inc
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