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DSW Reports Sales Rise

(March 2010) posted on Tue Mar 16, 2010

Footwear retailer plans 10 new stores for 2010


Branded footwear specialty retailer DSW Inc. (Columbus, Ohio) reported net sales of $402.6 million for the fourth quarter ended January 30, 2010, compared with net sales of $348.2 million for the same period last year. Company same-store sales rose 12.9 percent versus a drop of 7.2 percent last year.

For the year ended January 30, 2010, net sales were $1.60 billion and same-store sales were up 3.2 percent.

For fiscal 2010, the company estimates comparable stores sales in the low-single digit range and 2010 annual diluted earnings per share of approximately $1.35 to $1.45.
DSW Inc. operates 306 stores in 39 states.
 


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