Retail Ventures selling 24 Value City units
October 4, 2007,
Columbus, Ohio – Multi-format operator Retail Ventures Inc. (RVI) will sell (“assign or sublease”) 24 of its discount chain Value City Department Stores locations to Burlington Coat Factory in spring 2008, with proceeds directed toward reducing the debt of Value City, the lagging unit among RVI’s three divisions.
The company said operations at the DSW (footwear) and Filene’s Basement (off-price) divisions will not be affected, nor will the separately owned Value City Furniture Stores chain.
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