COLUMBUS, Ohio, May 17, 2011 /PRNewswire/ -- Retail Ventures, Inc., (NYSE: RVI) announced today that on May 16, 2011, it notified the New York Stock Exchange (the "NYSE") that it intends to file a Form 25 with the United States Securities and Exchange Commission (the "SEC") to deregister the Retail Ventures Mandatorily Exchangeable Notes Due 2011 (the "PIES") under Section 12(b) of the Securities and Exchange Act of 1934 (the "Exchange Act"). Retail Ventures is seeking to deregister the PIES in connection with its merger with and into a wholly-owned subsidiary of DSW Inc. The PIES are not listed on the New York Stock Exchange. Retail Ventures does not anticipate arranging for listing and/or registration of the PIES on another national securities exchange or for quotation of the PIES in a quotation medium (as defined in Rule 15c2-11 under the Exchange Act).

About Retail Ventures, Inc.

Retail Ventures, Inc. is a leading off-price retailer operating as of May 2, 2011, 318 DSW shoe stores in 39 states and an e-commerce site, www.dsw.com. DSW also supplied footwear to 352 leased locations in the United States.

SOURCE Retail Ventures, Inc.