Sales for the 43 weeks ended November 25, 2000 increased 18.6% to $1,572.0 million from $1,325.5 million in the comparable year-earlier period. Same store sales increased 0.6%.
The above figures exclude sales of the Filene's Basement Stores acquired effective March 17, 2000. Sales for these stores, excluding licensed departments, totaled $28.5 million for the four weeks ended November 25, 2000 and $180.3 million for the period March 17, 2000 through November 25, 2000.
Value City Department Stores, Inc. is a leading off-price retailer currently operating 120 full-line department stores in the Midwest, mid- Atlantic and southeastern U.S., 19 Filene's Basement Stores and 75 better- branded DSW Shoe Warehouse Stores in major metropolitan areas throughout the country.
The Company cautions that members of management may make certain forward- looking
statements based upon the Company's current expectations or beliefs. We caution
investors that our actual results may differ materially from our current expectations
and beliefs based on the risk factors described in the reports we file with
the SEC.
For
More Information Contact:
James McGrady
Phone: (614) 478-2300
Value City Department Stores, Inc.
3241 Westerville Road, Columbus, OH 43224