COLUMBUS,
Ohio, June 7, 2001 /PRNewswire/-- (NYSE: VCD
- news) announced today total
sales for the four weeks ended June 2, 2001, decreased 1.6% to $174.5 million
from $177.3 million for the four weeks ended May 27, 2000. The company's same
store sales decreased 7.0% for the four weeks ended June 2, 2001.
Sales
for the 17 weeks ended June 2, 2001, increased 10.2% to $704.6 million from
$639.3 million for the 17 weeks ended May 27, 2000. The company's same store
sales decreased 4.7% for the 17 weeks ended June 2, 2001. Retail
sales statistics are as follows:
Four Weeks Ended ($ in thousands)
June 2, 2001 May 27, 2000
$ % $ %
Total Sales
Value City Department
Stores $106,883 61.2 $121,500 68.5
DSW Shoe Warehouse 44,573 25.6 34,721 19.6
Filene's Basement 23,060 13.2 21,048 11.9
$174,516 100.0 $177,269 100.0
Comparable Sales Percentage
Value City Department
Stores (10.7)% (0.8)%
DSW Shoe Warehouse (1.5)% 24.5%
Filene's Basement 6.2% n/a
(7.0)% 3.4%
Seventeen Weeks Ended ($ in thousands)
June 2, 2001 May 27, 2000
$ % $ %
Total Sales
Value City Department
Stores $451,676 64.1 $469,307 73.4
DSW Shoe Warehouse 166,420 23.6 123,108 19.3
Filene's Basement 86,534 12.3 46,907 7.3
$704,630 100.0 $639,322 100.0
Comparable Sales Percentage
Value City Department
Stores (7.5)% 2.7%
DSW Shoe Warehouse 1.4% 21.5%
Filene's Basement 10.1%* n/a
(4.7)% 5.7%
* Excludes sales from February and March 2001
Value City Department Stores, Inc. is a leading off-price retailer currently operating 119 full-line department stores in the Midwest, mid-Atlantic and southeastern U.S., 19 Filene's Basement Stores and 85 better-branded DSW Shoe Warehouse Stores in major metropolitan areas throughout the country.
For More Information Contact:
James McGrady
Phone: (614) 478-2300
Value City Department Stores, Inc.
3241 Westerville Road, Columbus, OH 43224