COLUMBUS, Ohio, June 8 /PRNewswire/ -- Value City Department Stores, Inc. (NYSE: VCD - news) today announced financial results for its first quarter ended April 29, 2000.

Sales for the first quarter increased 34.1% to $462.1 million from $344.5 million. This year's first quarter sales includes $25.9 million net owned sales for our 17 Filene's Basement stores acquired effective March 17, 2000. Same store sales increased 6.5%.

The Company's net income for the quarter was $0.1 million, or $0.00 for diluted earnings per share, versus $1.6 million, or $0.05 per share for last year's quarter.

Value City Department Stores, Inc. is a leading off-price retailer, currently operating 118 full-line department stores in the midwest, mid- Atlantic and southeastern U.S., 17 Filene's Basement stores primarily in the northeastern U.S. as well as 60 better-branded, off-price DSW Shoe Warehouse stores in major metropolitan areas throughout the country.


VALUE CITY DEPARTMENT STORES, INC. (NYSE: VCD - news)
(in millions except per share data)
(unaudited)
First Quarter Ended
4/29/00 5/1/99
NET OWNED SALES $462.1 $344.5
NET INCOME $0.1 $1.6
BASIC AND DILUTED
EARNINGS PER SHARE		 $0.00 $0.05
WEIGHTED AVERAGE SHARES
OUTSTANDING (a)		 33.0 32.0
SHARES USED FOR
DILUTED EPS (b)		 33.4 32.5

  1. Excludes 7,651 and 343,600 treasury shares at April 29, 2000 and May 1, 1999, respectively.

For More Information Contact:

James McGrady
Phone: (614) 478-2300
Value City Department Stores, Inc.
3241 Westerville Road, Columbus, OH 43224