Retail Ventures, Inc. Reports Q2 Operating Results

Retail Ventures, Inc. RVI today announced its consolidated financial results for the second quarter ended July 31, 2010. The income from continuing operations for the quarter ended July 31, 2010 was $35.6 million on net sales of $415.1 million, compared to loss from continuing operations of $4.4 million on net sales of $369.5 million for the quarter ended August 1, 2009. DSW same store sales increased 12.0% during the second quarter versus a decrease of 2.9% last year. Diluted earnings per share from continuing operations attributable to Retail Ventures, Inc. common shareholders was $0.43 for the quarter ended July 31, 2010 compared with diluted loss per share from continuing operations attributable to Retail Ventures, Inc. of $0.15 per share for the quarter ended August 1, 2009.