Retail Ventures Inc announced that total sales for the thirteen weeks ended February 2, 2008 decreased 11.9% to $769.9 million from $874.0 million for the fourteen weeks ended February 3, 2007. The company's same store sales decreased 0.1% for the comparable thirteen week period.
Total sales for the fifty-two weeks ended February 2, 2008 decreased 0.8% to $3.04 billion from $3.07 billion for the fifty-three weeks ended February 3, 2007. The company's same store sales increased 0.3% for the comparable fifty-two week period.
Retail Ventures Inc is a leading off-price retailer operating as of February 2, 2008, 36 Filene's Basement stores in major metropolitan areas in the Northeast and Midwest and 259 DSW stores in major metropolitan areas throughout the country.
DSW also supplies shoes, under supply arrangements, to 342 locations for other non-related retailers in the United States.
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