TITLE

Retail ventures slashes losses

AUTHOR(S)
Hogsett, Don
PUB. DATE
June 2004
SOURCE
Home Textiles Today;6/14/2004, Vol. 25 Issue 40, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Building sales, boosting margins and whittling interest expense; Retail Ventures Inc., parent of Value City Department Stores Inc. and Filene's Basement Corp., edged its way towards a turnaround. The company pared its first quarter loss almost 90 percent, to $1.5 million from $13.2 million last year. Sales at the diversified retailer increased 9.8 percent, to $646.3 million from $588.5 million, largely on the strength of sharply improved same-store sales at its Filene's Basement and DSW Shoe Warehouse operations, up 15.8 percent and 10.6 percent respectively.
ACCESSION #
13432252

 

Related Articles

  • Retail Ventures on Rocky Road.  // Home Textiles Today;6/13/2005, Vol. 26 Issue 39, p4 

    The article informs that retail firm Retail Ventures Inc.--parent company of retail firms Value City Departmental Stores Inc. and Filene's Basement Corp.--has posted a sharply wider loss for the first quarter as costs rose, margins softened and same-store sales declined decisively. Total sales...

  • Retail Ventures Back in Black in 3rd Quarter. Burrows, Dan // DNR: Daily News Record;12/15/2003, Vol. 33 Issue 50, p16 

    Discusses the sales growth of Retail Ventures Inc. in the 3rd quarter of 2003. Net loss of the company in 2002; Comments from Retail Ventures CEO John Rossler on the improvement of the stores at Value City and Filene's Basement; Explanation on the increase in net sales of the company for the...

  • Smaller RVI Turns Profit.  // Home Textiles Today;5/5/2008, Vol. 29 Issue 12, p10 

    The article reports that the two remaining divisions of Columbus, Ohio-based Retail Ventures Inc. (RVI), showed improved results for the fourth quarter and fiscal year ended February 2, 2008. RVI posted an income of $202.1 million from continuing operations. The Filene's Basement division posted...

  • Filene's Basement Breaks First Ads in Two Years. van der Pool, Lisa // Adweek New England Edition;04/09/2001, Vol. 38 Issue 15, p3 

    Reports on the decision of Value City to acquire discount clothier Filene's Basement. Plans for the 2001 Spring campaign; Features of the television advertising campaign of the clothier.

  • Will Bidders Vie for Value City? G. C. // Mergers & Acquisitions Report;12/18/2006, Vol. 19 Issue 48, p4 

    The article focuses on the announcement of Retail Ventures Inc. (RVI) that it is seeking strategic options for its Value City Department Stores LLC chain with the help of CIBC World Markets and Financo Inc. According to RVI CEO Heywood Wilansky, the review does not include the company's other...

  • Retail Ventures Sees Earnings Rise in Qtr. Burrows, Dan // WWD: Women's Wear Daily;12/9/2003, Vol. 186 Issue 119, p29 

    Reports sales growth and efficiency of Retail Ventures Inc. Net sales; Expansion of gross margin; Nature of the customer at Value City Department Stores Inc.

  • Schlesinger Exiting Lamont's, Will Head Filene's Basement.  // WWD: Women's Wear Daily;6/13/2000, Vol. 179 Issue 114, p5 

    Reports on the appointment of Alan R. Schlesinger as president and chief executive officer of Base Acquisition Corp., the subsidiary of Value City Department Stores that operates the Filene's Basement stores in United States cities in the northeast. Departure of Schlesinger from Lamont's...

  • Value City completes Filene's basement deal. Young, Vicki M. // WWD: Women's Wear Daily;3/20/2000, Vol. 179 Issue 54, p11 

    Reports that New York City-based Value City Department Stores has completed its acquisition of Filene's Basement. Plans to reopen three former sites in Washington, D.C.; Value of the deal; Terms under the deal.

  • Value City is talking deal to buy Filene's Basement. Young, Vicki M. // WWD: Women's Wear Daily;1/27/2000, Vol. 179 Issue 18, p2 

    Reports on Value City Department Stores' negotiation to acquire bankrupt Filene's Basement Corp. Speculations on the value of the deal; Bankruptcy partner at the law firm Kronish Lieb Weiner & Hellman, Jay Indyke's disclosure that the negotiations are focus on Basement stores still operating.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics