COLUMBUS,
Ohio, August 9 /PRNewswire/-- (NYSE: VCD
- news) announced today total
sales for the four weeks ended August 4, 2001, increased 0.6% to $147.5 million
from $146.7 million for the four weeks ended July 29, 2000. The company's same
store sales decreased 6.3% for the four weeks ended August 4, 2001.
Sales
for the 26 weeks ended August 4, 2001, increased 7.7% to $1,066.7 million from
$990.3 million for the 26 weeks ended July 29, 2000. The company's same store
sales decreased 4.2% for the 26 weeks ended August 4, 2001. Retail
sales statistics are as follows:
4 Weeks Ended ($ in thousands)
August 4, 2001 July 29, 2000
$ % $ %
Total Sales
Value City Department
Stores $ 94,491 64.1 $101,166 69.0
DSW Shoe Warehouse 33,982 23.0 27,734 18.9
Filene's Basement 19,003 12.9 17,751 12.1
$147,476 100.0 $146,651 100.0
Comparable Sales Percentage
Value City Department
Stores (7.2)% 2.4 %
DSW Shoe Warehouse (4.6)% 27.6 %
Filene's Basement (3.6)% n/a %
(6.3)% 6.1 %
26 Weeks Ended ($ in thousands)
August 4, 2001 July 29, 2000
$ % $ %
Total Sales
Value City Department
Stores $681,601 63.9 $710,907 71.8
DSW Shoe Warehouse 252,666 23.7 189,526 19.1
Filene's Basement 132,426 12.4 89,866 9.1
$1,066,693 100.0 $990,299 100.0
Comparable Sales Percentage
Value City Department
Stores (6.8)% 1.3 %
DSW Shoe Warehouse 1.8 % 23.6 %
Filene's Basement 6.3 %* n/a %
(4.2)% 4.8 %
* 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 89 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