Sales for the fourth quarter increased 20.8% to $511.6 million from $423.5 million. Same store sales increased 9.4%.

Sales for the 52 weeks ended January 29, 2000 increased 22.4% to $1,670.2 million from $1,364.0 million in the comparable year-earlier period. Same store sales increased 7.2%.

The Company's net income for the quarter increased 24.7% to $20.2 million, or $0.61 for diluted earnings per share, versus $16.2 million, or $0.50 per share for last year's quarter.

The Company's net income for the twelve months increased 34.6% to $33.5 million, or $1.02 for diluted earnings per share, versus $24.9 million, or $0.76 per share for last year's twelve months.

Value City Department Stores, Inc. is a leading off-price retailer, currently operating 111 full-line department stores in the midwest, mid-Atlantic and southeastern U.S., 14 Filene's Basement stores primarily in the northeastern U.S. as well as 59 better-branded, off-price DSW Shoe Warehouse stores in major metropolitan areas throughout the country.

Value City Department Stores, Inc. (Nyse:Vcd) (in millions except per share data) (unaudited)
Fourth Quarter Ended Twelve Months Ended	1/29/00	1/30/99	1/29/00	1/30/99
NET OWNED SALES (a)	$511.6	$423.5	$1670.2	$1364.0
NET INCOME (a)	$20.2	$16.2	$33.5	$24.9
BASIC EARNINGS PER SHARE (a)	$0.62	$0.50	$1.03	$0.77
DILUTED EARNINGS PER SHARE	$0.61	$0.50	$1.02	$0.76
WEIGHTED AVERAGE SHARES OUTSTANDING (b)	32.8	32.3	32.5	32.2
SHARES USED FOR DILUTED EPS (b)	33.4	32.6	32.9	32.7

1. Includes the operations of Shonac Corporation and Valley Fair which were acquired effective May 3, 1998.
2. Excludes 87,651 and 343,600 treasury shares at January 29, 2000 and January 30,1999, respectively.