Retail Ventures 2Q sales down 1%, comps decrease 5.1%

COLUMBUS, Ohio Retail Ventures posted second-quarter sales for the thirteen weeks ended Aug. 2 of $459.8 million, a decrease of 1% from $464.6 million for 2007 second quarter. Same-store sales decreased 5.1%.

Second-quarter sales for Filene's Basement came in at $102.6 million, representing 22.3% of the company's total sales. DSW second-quarter sales were $357.2 million, comprising 77.7% of the company's total. Comps were down 6.9% and up 1.4% for DSW and Filene's, respectively.

On Jan. 23, 2008, Retail Ventures disposed of an 81% ownership interest in its Value City operations. Sales exclude sales applicable to the Value City operations.