Retail Ventures slashes loss.(Business Today)
Home Textiles Today, June, 2004 by Hogsett, Don
COLUMBUS, OHIO -- Building sales, boosting margins and whittling interest expense; Retail Ventures Inc., parent of Value City Department Stores and Filene's Basement, 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. But same-store sales at Value City Department Stores continued their slide, dipping 4 percent following a 4 percent drop the prior year. Overall same-store sales improved 4.2 percent. ...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
