RVI posts 3Q sales increase, comps drop

COLUMBUS, Ohio Retail Ventures, parent company of DSW and Filene's Basement, announced third-quarter sales for the thirteen weeks ended Nov. 1, of $503.5 million, a 2.9% increase from $489.4 million in the 2007 third quarter. Same-store sales decreased 3.3%.

DSW posted third quarter sales of $391.36 million, versus $367.38 million in 2007; while Filene's Basement saw sales decrease to $112.15 million, versus $122.01 million last year. Comparable store sales decreased 5.5% and remained flat, respectively.

Retail Ventures disposed of an 81% ownership interest in its Value City operations on Jan. 23.