Document:

<PAGE>

                                                                    Exhibit 10.1

                 SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT

This Second Amendment to Loan and Security Agreement (the "SECOND AMENDMENT") is
made as of this 29th day of July, 2004 by and among

     National City Business Credit, Inc. (f/k/a National City Commercial
     Finance, Inc.), an Ohio corporation with offices at 1965 E. Sixth Street,
     Cleveland, Ohio 44114, as administrative agent (in such capacity, herein
     the "ADMINISTRATIVE AGENT"), for the ratable benefit of the "REVOLVING
     CREDIT LENDERS", who are, at present, those financial institutions
     identified on the signature pages of this Second Amendment and who, in the
     future, are those Persons (if any) who become "Revolving Credit Lenders" in
     accordance with the provisions of the Loan Agreement (as defined below);

     National City Business Credit, Inc. (f/k/a National City Commercial
     Finance, Inc.), and Fleet Retail Group, Inc. (f/k/a Fleet Retail Finance
     Inc.), a Delaware corporation with offices at 40 Broad Street, Boston,
     Massachusetts 02109, as collateral agents (collectively, in such capacity,
     herein the "COLLATERAL AGENTS"), for the ratable benefit of the Revolving
     Credit Lenders,

            and

            National City Bank, as L/C Issuer (the "ISSUER");

            and

            The Revolving Credit Lenders;

            and

     Value City Department Stores, Inc. (in such capacity, the "LEAD BORROWER"),
     an Ohio corporation with its principal executive offices at 3241
     Westerville Road, Columbus, Ohio 43224-3751, as agent for the following
     (individually, a "BORROWER" and collectively, the "BORROWERS"):

            Said Value City Department Stores, Inc. ("VALUE CITY"); and

            Shonac Corporation ("SHONAC"), an Ohio corporation with its
            principal executive offices at 4150 East Fifth Avenue, Columbus,
            Ohio 43219;

            DSW Shoe Warehouse, Inc. ("DSW"), a Missouri corporation with its
            principal executive offices at 4150 East Fifth Avenue, Columbus,
            Ohio 43219; and

            Gramex Retail Stores, Inc. ("GRAMEX"), a Delaware corporation with
            its principal executive offices at 3241 Westerville Road, Columbus,
            Ohio 43224; and

            Filene's Basement, Inc. ("FILENE'S"), a Delaware corporation with
            its principal executive offices at 3241 Westerville Road, Columbus,
            Ohio 43224-3751; and

                                      -1-
<PAGE>
                                                                    Exhibit 10.1

            Value City Limited Partnership ("VCLP"), an Ohio limited partnership
            with its principal executive offices at 3241 Westerville Road,
            Columbus, Ohio 43224-3751; and

            Value City of Michigan, Inc. ("VC MICHIGAN"), a Michigan corporation
            with its principal executive offices at 36901 Warren Road, Westland,
            Michigan 48185;

            GB Retailers, Inc. ("GBR"), a Delaware corporation with its
            principal executive offices at 3241 Westerville Road, Columbus, Ohio
            43224; and

            Retail Ventures Jewelry, Inc. ("JEWELRY"), an Ohio corporation with
            its principal executive offices at 3241 Westerville Road, Columbus,
            Ohio 43224;

in consideration of the mutual covenants contained herein and benefits to be
derived herefrom,

                              W I T N E S S E T H:

      A.    Reference is hereby made to that certain Loan and Security Agreement
            dated as of June 11, 2002 (as the same has been, and may hereafter
            be, amended, modified, supplemented or restated, the "LOAN
            AGREEMENT") among (i) the Lead Borrower, (ii) the other Borrowers,
            (iii) the Revolving Credit Lenders, (iv) National City Business
            Credit, Inc. (f/k/a National City Commercial Finance, Inc.), as
            Administrative Agent for the Revolving Credit Lenders and as
            SwingLine Lender, (v) National City Business Credit, Inc. (f/k/a
            National City Commercial Finance, Inc.) and Fleet Retail Group, Inc.
            (f/k/a Fleet Retail Finance Inc.), as Collateral Agents for the
            Revolving Credit Lenders, and (vi) National City Bank, as Issuer,
            pursuant to which the Revolving Credit Lenders have extended to the
            Borrowers a senior secured revolving credit loan in the maximum
            principal amount of $350,000,000.00 (the "REVOLVING CREDIT");

      B.    The Borrowers have requested the Revolving Credit Lenders to extend
            the Maturity Date of the Revolving Credit from June 11, 2005 to June
            11, 2006 under the Loan Agreement.

      C.    The Revolving Credit Lenders have agreed to extend the Maturity Date
            of the Revolving Credit, subject to the terms and conditions set
            forth herein.

      Accordingly, the parties hereto agree as follows:

1.    Definitions. Capitalized terms used herein and not otherwise defined
      herein shall have the meanings assigned to such terms in the Loan
      Agreement.

                                      -2-
<PAGE>
                                                                    Exhibit 10.1

2.    Amendment to Article 1 of Loan Agreement. The provisions of Article 1 of
      the Loan Agreement are hereby revised as follows:

      (a)   The definition of "Maturity Date" is hereby deleted in its entirety
            and the following substituted in its stead:

            "MATURITY DATE": June 11, 2006.

3.    Amendments to Exhibits to Loan Agreement. The Exhibits to the Loan
      Agreement are revised as follows:

      (a)   Exhibit 2.23 [Revolving Credit Lenders' Commitments] is hereby
            amended and restated in its entirety in the form of Exhibit 2.23
            attached hereto and incorporated by reference herein.

4.    Representations and Warranties. The Borrowers hereby restate all
      representations, warranties, and covenants set forth in the Loan Agreement
      as of the date hereof. To the extent that any changes in any
      representations, warranties, and covenants require any amendments to the
      Exhibits to the Loan Agreement, such Exhibits are amended and restated, as
      evidenced by any replacement Exhibits annexed to this Second Amendment.

5.    Conditions Precedent to Effectiveness. This Second Amendment shall not be
      effective until each of the following conditions precedent have been
      fulfilled to the satisfaction of the Administrative Agent:

      (a)   This Second Amendment shall have been duly executed and delivered by
            the Borrowers, the Revolving Credit Lenders and the other parties
            hereto, and shall be in full force and effect and shall be in form
            and substance satisfactory to the Administrative Agent and the
            Revolving Credit Lenders.

      (b)   All action on the part of the Borrowers necessary for the valid
            execution, delivery and performance by the Borrowers of this
            Second Amendment shall have been duly and effectively taken and
            evidence thereof satisfactory to the Administrative Agent shall
            have been provided to the Administrative Agent.

      (c)   All documents, instruments and agreements in connection with the
            Term Loans, including, without limitation, a Second Amendment to
            Financing Agreement extending the maturity date of the Term Loans to
            June 11, 2006, as may be deemed necessary by the Administrative
            Agent shall have been duly executed and delivered by the Borrowers.

      (d)   The Borrowers shall have paid to the Administrative Agent an
            amendment fee (the "AMENDMENT FEE") in an amount equal to 0.125% of
            the Revolving Credit Ceiling ($437,500.00). The Amendment Fee shall
            be fully earned and payable by the Borrowers to the Administrative
            Agent, for its account and for the account of the other

                                      -3-
<PAGE>
                                                                    Exhibit 10.1

            Revolving Credit Lenders, in full on the date of this Second
            Amendment. The Amendment Fee shall not be subject to refund or
            rebate under any circumstances.

      (e)   All costs and expenses incurred by the Agent in connection with the
            preparation and negotiation of this Second Amendment and related
            documents (including the fees and expenses of counsel to the Agent)
            shall have been paid in full.

      (f)   No Default or Event of Default shall be then occurring.

      (g)   The Borrowers shall have executed and delivered to the
            Administrative Agent such other documents, instruments, and
            agreements as may be reasonably required by the Administrative
            Agent.

6.    Consent to Extension of Term Loans. Upon satisfaction of all of the
      conditions precedent to the effectiveness of this Second Amendment, the
      Revolving Credit Lenders shall be deemed to have given their consent to
      the extension of the maturity date of the Term Loans from June 11, 2005 to
      June 11, 2006 in accordance with the terms of the Second Amendment to
      Financing Agreement among the Borrowers and CCM.

7.    Miscellaneous.

      (a)   This Second Amendment may be executed in several counterparts and by
            each party on a separate counterpart, each of which when so executed
            and delivered shall be an original, and all of which together shall
            constitute one instrument.

      (b)   This Second Amendment expresses the entire understanding of the
            parties with respect to the transactions contemplated hereby. No
            prior negotiations or discussions shall limit, modify, or otherwise
            affect the provisions hereof.

      (c)   Any determination that any provision of this Second Amendment or any
            application hereof is invalid, illegal or unenforceable in any
            respect and in any instance shall not effect the validity, legality,
            or enforceability of such provision in any other instance, or the
            validity, legality or enforceability of any other provisions of this
            Second Amendment.

      (d)   The Borrowers shall pay on demand all costs and expenses of the
            Agent, including, without limitation, reasonable attorneys' fees in
            connection with the preparation, negotiation, execution and delivery
            of this Second Amendment.

                            [SIGNATURE PAGES FOLLOW]

                                      -4-
<PAGE>

                                                                    Exhibit 10.1

      IN WITNESS WHEREOF, the parties have duly executed this Second Amendment
as of the day and year first above written.

PARENT:                             RETAIL VENTURES, INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

BORROWERS:                          VALUE CITY DEPARTMENT STORES, INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                    SHONAC CORPORATION

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                    DSW SHOE WAREHOUSE, INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                    GRAMEX RETAIL STORES, INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                      -5-

<PAGE>

                                                                    Exhibit 10.1

                                    FILENE'S BASEMENT, INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                    VALUE CITY LIMITED PARTNERSHIP

                                    By: Westerville Road GP, Inc., its
                                    General Partner

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                    VALUE CITY OF MICHIGAN, INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                    GB RETAILERS, INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                    RETAIL VENTURES JEWELRY,  INC.

                                    By:  /s/ James A. McGrady
                                         ---------------------------------------
                                    Name: James A. McGrady
                                    Title:Chief Financial Officer

                                      -6-
<PAGE>
                                                                    Exhibit 10.1

                                    NATIONAL CITY BUSINESS CREDIT, INC.
                                    (f/k/a National City Commercial
                                    Finance, Inc.)
                                    (ADMINISTRATIVE AGENT, COLLATERAL AGENT AND
                                    REVOLVING CREDIT LENDER)

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    NATIONAL CITY BANK
                                    (ISSUER)

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    FLEET RETAIL GROUP, INC. (f/k/a Fleet
                                    Retail Finance Inc.)
                                    (COLLATERAL AGENT AND REVOLVING CREDIT
                                    LENDER)

                                    By:  /s/ James R. Dore
                                         ---------------------------------------
                                    Name: James R. Dore
                                    Title: Managing Director

                                    WELLS FARGO RETAIL FINANCE LLC

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    THE CIT GROUP/BUSINESS CREDIT, INC.

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                      -7-
<PAGE>
                                                                    Exhibit 10.1

                                    AMSOUTH BANK

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    GENERAL ELECTRIC CAPITAL CORPORATION

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    HSBC BUSINESS CREDIT (USA), INC.

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    WEBSTER BUSINESS CREDIT CORPORATION

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    LASALLE BANK NATIONAL ASSOCIATION

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                    PNC BANK, National Association

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                      -8-
<PAGE>
                                                                    Exhibit 10.1

                                    SIEMENS FINANCIAL SERVICES, INC.

                                    By:
                                         ---------------------------------------
                                    Name:
                                    Title:

                                      -9-<PAGE>

                                                                    Exhibit 10.2

EXECUTION COPY

                     SECOND AMENDMENT TO FINANCING AGREEMENT

            SECOND AMENDMENT, dated as of July 29, 2004 (this "Second
Amendment"), by and among Value City Department Stores, Inc., an Ohio
corporation ("Value City"), Shonac Corporation, an Ohio corporation ("Shonac"),
DSW Shoe Warehouse, Inc., a Missouri corporation ("DSW"), Gramex Retail Stores,
Inc., a Delaware corporation ("Gramex"), Filene's Basement, Inc., a Delaware
corporation ("Filene's"), GB Retailers, Inc., a Delaware corporation ("GB"),
Value City Limited Partnership, an Ohio limited partnership ("VCLP"), Value City
of Michigan, Inc., a Michigan corporation ("VC Michigan"), and together with
Value City, Shonac, DSW, Gramex, Filene's, GB and VCLP, each a "Borrower" and
collectively, the "Borrowers"), certain affiliates of the Borrowers party hereto
as guarantors, each a "Guarantor" and collectively, the "Guarantors"), the
Lenders from time to time party hereto (each, a "Lender" and collectively, the
"Lenders") and Cerberus Partners, L.P., a Delaware limited partnership ("CP"),
as agent for the Lenders (in such capacity, together with its successors and
assigns, the "Agent").

                                    RECITALS

            WHEREAS, the Borrowers, the Guarantors, the Lenders and the Agent
are parties to that certain Financing Agreement dated as of June 11, 2002 (as
amended by that certain First Amendment to Financing Agreement dated October 7,
2003, and as further amended, supplemented, restated or otherwise modified
through the date hereof, the "Financing Agreement");

            WHEREAS, the Financing Agreement currently has a Final Maturity Date
(as defined therein) of June 11, 2005;

            WHEREAS, the Borrowers and the Agent have agreed, and the Guarantors
have consented, to extend the term of the Financing Agreement for 1 (one)
additional year until June 11, 2006;

            NOW THEREFORE, in consideration of the mutual agreements, provisions
and covenants contained herein, the parties hereto hereby agree as follows:

            1. Definitions. All capitalized terms used herein and not otherwise
defined herein are used herein as defined in the Financing Agreement.

            2. Amendments.

                  (a) Amendment of Section 1.01. The definition of the term
"Final Maturity Date" contained in Section 1.01 of the Financing Agreement is
hereby amended by deleting "June 11, 2005" and replacing it with the phrase
"June 11, 2006".

                  (b) Amendment of Section 2.06(b). Section 2.06(b) is hereby
amended by the addition thereto of the following sentence at the end of such
section: "Additionally, the Anniversary Fee due and payable on June 11, 2005
shall be increased by the amount of $125,000, such that the amount of

                                      -1-
<PAGE>
                                                                    Exhibit 10.2

such Anniversary Fee due and payable on such date shall be equal to the sum of
3.0% of the Term Loan B principal amount outstanding, including PIK Interest,
plus $125,000."

            3. Conditions to Effectiveness. This Second Amendment shall become
effective upon satisfaction in full of the following conditions precedent:

                  (a) Both before and immediately after giving effect to this
      Second Amendment,

                        (i) the representations and warranties contained in this
            Second Amendment, Article V of the Financing Agreement and the other
            Loan Documents shall be correct on and as of the date of this Second
            Amendment as though made on and as of such date (except where such
            representations and warranties relate to an earlier date in which
            case such representations and warranties shall be true and correct
            as of such earlier date); and

                        (ii) no Default or Event of Default shall have occurred
            and be continuing on the date of this Second Amendment or result
            from this Second Amendment becoming effective in accordance with its
            terms.

                  (b) The Agent shall have received this Second Amendment duly
      executed by the Loan Parties, the Lenders and the Agent, and duly
      acknowledged and consented to by the Revolving Credit Agent and the
      Convertible Agent.

            4. Loan Parties' Representations and Warranties. Each Loan Party
represents and warrants to the Agent and the Lenders as follows:

                  (a) Such Loan Party

                        (i) is duly organized, validly existing and in good
            standing under the laws of the state of its organization; and

                        (ii) has all requisite power, authority and legal right
            to execute, deliver and perform this Second Amendment and to perform
            the Financing Agreement, as amended hereby.

                  (b) The execution, delivery and performance by such Loan Party
      of this Second Amendment and the performance by such Loan Party of the
      Financing Agreement, as amended hereby

                        (i) have been duly authorized by all necessary action,

                        (ii) do not and will not violate or create a default
            under such Loan Party's organizational documents, any applicable law
            or any contractual restriction binding on or otherwise affecting
            such Loan Party or any of such Loan Party's properties, except where
            such violation or default is not reasonably likely to have a
            Material Adverse Effect, and

                                      -2-
<PAGE>
                                                                    Exhibit 10.2

                        (iii) except as provided in the Loan Documents, do not
            and will not result in or require the creation of any Lien, upon or
            with respect to such Loan Party's property.

                  (c) No authorization or approval or other action by, and no
      notice to or filing with, any governmental authority is required in
      connection with the due execution, delivery and performance by such Loan
      Party of this Second Amendment or the performance by such Loan Party of
      the Financing Agreement, as amended hereby.

                  (d) This Second Amendment and the Financing Agreement, as
      amended hereby, constitute the legal, valid and binding obligations of
      such Loan Party, enforceable against such Loan Party in accordance with
      their terms, except to the extent the enforceability thereof may be
      limited by any applicable bankruptcy, insolvency, reorganization,
      moratorium or similar laws from time to time in effect affecting generally
      the enforcement of creditors' rights and remedies and by general
      principles of equity.

                  (e) Both before and immediately after giving effect to this
      Second Amendment,

                        (i) the representations and warranties contained in
            Article V of the Financing Agreement are correct on and as of the
            date hereof as though made on and as of the date hereof (except to
            the extent such representations and warranties expressly relate to
            an earlier date, in which case such representations and warranties
            shall be true and correct as of such earlier date), and

                        (ii) no Default or Event of Default has occurred and is
            continuing on and as of the date hereof.

            5. Continued Effectiveness of Financing Agreement. Each Loan Party
hereby (a) confirms and agrees that the Financing Agreement and each other Loan
Documents to which it is a party is, and shall continue to be, in full force and
effect and is hereby ratified and confirmed in all respects except that on and
after the date of this Second Amendment all references in any such Loan
Documents to the "Financing Agreement", the "Agreement", "hereto", "hereof",
"hereunder", "thereto", "thereof", "thereunder" or words of like import
referring to the Financing Agreement shall mean the Financing Agreement as
amended by this Second Amendment, (b) confirms and agrees that to the extent
that any such Loan Document purports to assign or pledge to the Agent, for the
ratable benefit of the Lenders, or to grant to the Agent, for the ratable
benefit of the Lenders a security interest in or Lien on, any Collateral as
security for the Obligations of the Loan Parties, or any of their respective
Subsidiaries from time to time existing in respect of the Financing Agreement
and the Loan Documents, such pledge, assignment and/or grant of the security
interest or Lien is hereby ratified and confirmed in all respects, and (c)
confirms and agrees that no amendment of any terms or provisions of the
Financing Agreement or the amendments granted hereunder shall relieve any Loan
Party from complying with such terms and provisions other than as expressly
amended hereby or from complying with any other term or provision thereof or
herein.

            6. Reaffirmation by Guarantors. Each Guarantor hereby (a) consents
to the transactions contemplated by this Second Amendment; (b) acknowledges and
reaffirms its obligations owing to the Agent and the Lenders under any Loan
Documents to which it is a party; and (c) agrees that each of the Loan Documents
to which it is a party is and shall remain in full force and effect. Although
each of the Guarantors has been informed of the matters set forth herein and has
acknowledged and agreed to

                                      -3-
<PAGE>
                                                                    Exhibit 10.2

same, it understands that neither the Agent nor any Lender has any obligation to
inform it of such matters in the future or to seek its acknowledgment or
agreement to future amendments, and nothing herein shall create such a duty.

            7. Miscellaneous.

                  (a) This Amendment may be executed in any number of
      counterparts and by different parties hereto in separate counterparts,
      each of which shall be deemed to be an original but all of such taken
      together shall constitute one and the same agreement. Delivery of an
      executed counterpart of this Second Amendment by telefacsimile shall be
      equally as effective as delivery of an original executed counterpart of
      this Second Amendment.

                  (b) Second and paragraph headings herein are included for
      convenience of reference only and shall not constitute a part of this
      Second Amendment for any other purpose.

                  (c) This Second Amendment shall be governed by, and construed
      in accordance with, the laws of the State of New York. Each of the parties
      to this Second Amendment hereby irrevocably waives all rights to trial by
      jury in any action, proceeding or counterclaim arising out of or relating
      to this Second Amendment.

                  (d) This Second Amendment is a Loan Document executed pursuant
      to the Financing Agreement and shall be construed, administered and
      interpreted in accordance with the terms thereof.

            8. JURY TRIAL WAIVER. THE PARTIES HERETO HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT THAT THEY MAY HAVE TO TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION, OR IN
ANY LEGAL PROCEEDING, DIRECTLY OR INDIRECTLY BASED UPON OR ARISING OUT OF THIS
SECOND AMENDMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SECOND AMENDMENT
(WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT, OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INCLUDED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

            IN WITNESS WHEREOF, the parties hereto have caused this Second
Amendment, to be executed by their respective officers thereunto duly authorized
as of the day and year first above written.

                                      -4-
<PAGE>
                                                                    Exhibit 10.2

                                        BORROWERS:

                                        VALUE CITY DEPARTMENT STORES, INC.,
                                        an Ohio corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        SHONAC CORPORATION, an Ohio corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        DSW SHOE WAREHOUSE, INC., a Missouri
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:      James A. McGrady
                                        Title: Chief Financial Officer

                                        GRAMEX RETAIL STORES, INC., a Delaware
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:      James A. McGrady
                                        Title: Chief Financial Officer

                                        FILENE'S BASEMENT, INC., a Delaware
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:      James A. McGrady
                                        Title: Chief Financial Officer

                                      -5-
<PAGE>
                                                                    Exhibit 10.2

                                        VALUE CITY LIMITED PARTNERSHIP, an
                                        Ohio limited partnership

                                        By:    Westerville Road GP, Inc.,its
                                               General Partner

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:      James A. McGrady
                                        Title: Chief Financial Officer

                                        VALUE CITY OF MICHIGAN, INC., a
                                        Michigan corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:      James A. McGrady
                                        Title: Chief Financial Officer

                                        GB RETAILERS, INC., a Delaware
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:      James A. McGrady
                                        Title: Chief Financial Officer

                                      -6-
<PAGE>
                                                                    Exhibit 10.2

                                        GUARANTORS:

                                        J.S. OVERLAND DELIVERY, INC.,
                                        a Delaware corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        VALUE CITY DEPARTMENT STORES SERVICES,
                                        INC., a Delaware corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        WESTERVILLE ROAD GP, INC., a Delaware
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        WESTERVILLE ROAD LP, INC., a Delaware
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        RETAIL VENTURES, INC., an Ohio
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        RETAIL VENTURES JEWELRY, INC., an Ohio
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                      -7-
<PAGE>
                                                                    Exhibit 10.2

                                        RETAIL VENTURES SERVICES, INC., an Ohio
                                        corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        RETAIL VENTURES IMPORTS, INC.,
                                        (formerly known as VC Acquisition,
                                        Inc.), an Ohio corporation

                                        By:    /s/ James A. McGrady
                                               ---------------------------------
                                        Name:  James A. McGrady
                                        Title: Chief Financial Officer

                                        AGENT AND LENDER:

                                        CERBERUS PARTNERS, L.P., a Delaware
                                        limited partnership

                                        By:    CERBERUS ASSOCIATES, L.L.C.

                                        By:
                                               ---------------------------------
                                        Name:
                                        Title:

                                        LENDER:

                                        SCHOTTENSTEIN STORES CORPORATION,
                                        a Delaware corporation

                                        By:
                                               ---------------------------------
                                        Name:
                                        Title:

                                      -8-
<PAGE>
                                                                    Exhibit 10.2

ACKNOWLEDGMENT AND CONSENT:

CERBERUS PARTNERS, L.P., a Delaware
limited partnership, as Convertible Agent

By: CERBERUS ASSOCIATES, L.L.C.

By:
      ----------------------------------
Name:
Title:

NATIONAL CITY BUSINESS CREDIT, INC.,
f/k/a/ National City Commercial
Finance, Inc., an Ohio corporation,
as Revolving Credit Agent

By:
      ----------------------------------
Name:
Title:

                                      -9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]