Value City Holdings records $3.65 million February operating loss

By Caroline Salls

Pittsburgh, April 14 - Value City Holdings, Inc. posted a $3.65 million operating loss for February on zero net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The net loss for the month was $1.64 million.

Cash on Feb. 28 was $16.08 million.

Value City, a Columbus, Ohio, off-price retailer, filed for bankruptcy on Oct. 26. Its Chapter 11 case number is 08-14197.

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