Filene's Basement operator Retail Ventures has posted a 0.8% fall in annual sales to US$3.04bn, with the company's same-store sales rising 0.3% during the year.

The company said that quarterly sales decreased 11.9% to $769.9m from $874.0m for the 14 weeks ended 3 February.

Its quarterly same-store sales decreased 0.1% compared to the comparable 13-week period last year.

Retail Ventures operates 36 Filene's Basement stores and 259 DSW. DSW also supplies shoes, under supply arrangements, to 342 locations for other non-related retailers in the US.