Domestics show spark at Filene’s Basement   

Columbus, Ohio – The recently streamlined home assortment at off-price chain Filene’s Basement rang in some positive comps during the second quarter, parent company Retail Ventures Inc. reported during its earnings conference call Monday evening.

“In home we’ve exited a number of businesses over the course of 2008, and the businesses we have stayed in – primarily luggage and domestics – have done very well,” said RVI president and ceo Heywood Wilansky. The domestics category was ahead more than 4% in comps and luggage was ahead in excess of 20% on a comp basis, he indicated.

Second quarter sales at 36-store Filene’s Basement fell 11.5%, however, to $102.6 million. Total corporate sales for edged down 1.0% to $459.8 million.

Filene’s comps, on the other hand were the RVI bright spot, up 1.4% -- compared to a 6.9% negative comp score by the footwear division, DSW.

For the three months ended Aug. 2, RVI recorded a net profit of $17.7 million or 36 cents per share. Year-to-date, the profit is $46.9 million or 93 cents per share.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!