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Retail Ventures, Inc. Reports Second Quarter Sales

COLUMBUS, Ohio, Aug. 31 /PRNewswire-FirstCall/ -- Retail Ventures, Inc. (NYSE: RVI) announced today sales, which represents sales of DSW only, from continuing operations for the thirteen weeks ended July 31, 2010 increased 12.3% to $415.1 million from $369.5 million for the thirteen weeks ended August 1, 2009. Same store sales increased 12.0% for the comparable thirteen week period versus a 2.9% decrease in the prior year.

Sales from continuing operations for the twenty-six weeks ended July 31, 2010 increased 14.5% to $864.7 million from $755.3 million for the twenty-six weeks ended August 1, 2009. Same store sales increased 14.1% for the comparable twenty-six week period versus a 3.8% decrease in the prior year.

Retail Ventures, Inc. is a holding company whose subsidiary, DSW, is a leading United States branded footwear specialty retailer operating, as of July 31, 2010, 310 shoe stores in 39 states. DSW also supplies shoes, under supply agreements, to 354 locations and operates dsw.com.

SOURCE Retail Ventures, Inc.