Value City Department Stores, Inc. announced today total sales for the five weeks ended January 4, 2003, increased 11.8% to $322.4 million from $288.5 million for the five weeks ended January 5, 2002. Total sales for the five weeks ended January 4, 2003 include $33.6 million attributable to operations of VCM Ltd. acquired effective February 2, 2002. The company’s same store sales decreased 1.8% for the five week period.
Total sales for the forty-eight weeks ended January 4, 2003, increased 7.5% to $2.3 billion from $2.2 billion for the forty-eight weeks ended January 5, 2002. Fiscal 2002 total sales include $128.7 million attributable to operations of VCM Ltd. The company’s same store sales decreased 3.4% for the forty-eight week period.
Retail sales statistics are as follows:
Five weeks ended ($ in thousands)
January 4, 2003 January 5, 2002
$ % $ %
Total Sales
Value City Department Stores $225,479 69.9 $199,737 69.2
DSW Shoe Warehouse 58,861 18.3 48,517 16.8
Filene's Basement 38,102 11.8 40,230 14.0
$322,442 100.0 $288,484 100.0
Comparable Sales Percentage
Value City Department Stores (1.8)% 3.6 %
DSW Shoe Warehouse (0.4)% (1.9)%
Filene's Basement (3.6)% 8.2 %
(1.8)% 3.5 %
Forty-eight weeks ended ($ in thousands)
January 4, 2003 January 5, 2002
$ % $ %
Total Sales
Value City Department Stores $1,448,822 62.1 $1,411,587 65.1
DSW Shoe Warehouse 594,001 25.5 478,462 22.1
Filene's Basement 289,650 12.4 279,278 12.8
$2,332,473 100.0 $2,169,327 100.0
Comparable Sales Percentage
Value City Department Stores (5.1)% (3.5)%
DSW Shoe Warehouse 0.4 % (0.2)%
Filene's Basement 0.4 % 2.8 %
(3.4)% (2.3)%
