Dani Greene
Aug 24, 2016
DSW to open 21 new stores nationwide for fall 2016
Dani Greene
Aug 24, 2016
DSW announced on August 23 plans to open 21 new stores nationwide between August and October 2016. The expansion reflects DSW’s strategic focus on expanding its footprint and on long-term investments.
The company reported relatively flat earnings for the first quarter of 2016, primarily due to expectations for softer sales for the balance of the year in a challenging retail environment.
DSW also repurchased $180 million in shares and acquired Ebuys for $60.4 million in March 2016, both of reduced cash, short-term and long-term investments from $456 million in the first quarter last year to $238 million for this year’s first quarter.
DSW Inc. is a leading branded shoes and accessories retailer that offers a wide selection of brand name and designer shoes and accessories for women, men, and kids. As of August 22, 2016 DSW operates 482 stores in 42 states and operates an e-commerce site. DSW has on average 25,000 pairs of designer and name brand shoes in each location. DSW also supplies footwear to 385 leased locations in the United States.
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