Content about DSW Inc.

May 21, 2013

Footwear/accessories retailer DSW Inc. opened a new store in Braintree, Mass., on May 18.

Columbus, Ohio – Footwear/accessories retailer DSW Inc. opened a new store in Braintree, Mass., on May 18. The new store is located at 250 Granite Street.

DSW currently operates 377 stores in 42 states, the District of Columbia and Puerto Rico.

March 19, 2013

DSW Q4 profit increases

DSW Inc. reported that net income for the quarter ended Feb. 2 rose to $31.4 million from $23.1 million in the year-ago period.

Columbus, Ohio -- DSW Inc. reported Tuesday that net income for the quarter ended Feb. 2 rose to $31.4 million from $23.1 million in the year-ago period. Sales for the fourth quarter increased 15.7% to $594.3 million, and same-store sales rose 3.6%.

For the full year, profit increased to $152.2 million, from $136.1 million in the prior fiscal year. Sales rose 11.5% to $2.26 billion from $2.02 billion.

January 14, 2013

NCR empowers DSW employees to go mobile

NCR Corp. announced that DSW Inc. will expand its use of NCR Advanced Store point-of-sale software to offer DSW shoppers mobile POS functionality and returns throughout the chain.

Duluth, Ga. -- NCR Corp. announced that DSW Inc. will expand its use of NCR Advanced Store point-of-sale software to offer DSW shoppers mobile POS functionality and returns throughout the chain.

December 4, 2012

Report: Private equity firm increases stake in DSW

Multiple reports on revealed that private equity firm Leonard Green & Partners disclosed in a regulatory filing that it has upped its stake in shoe retailer DSW Inc. to 1.3 million shares – or 3% of the company.

New York -- Multiple reports on Tuesday revealed that private equity firm Leonard Green & Partners disclosed in a regulatory filing that it has upped its stake in shoe retailer DSW Inc. to 1.3 million shares – or 3% of the company.

The news sent DSW shares upward as much as 6% on Tuesday.

Leonard Green previously owned 981,196 shares in DSW before raising its stake. It was forced to disclose its new position after a request for confidential treatment expired on Nov. 28.

November 20, 2012

DSW reports profit drop in Q3; to open up to 30 stores in 2013

DSW Inc. reported that net income fell 6.6% to $50.1 million, compared with $53.7 million in the same period last year.

New York -- DSW Inc. reported Tuesday that net income fell 6.6% to $50.1 million, compared with $53.7 million in the same period last year.

Sales increased 11.7% to $592.7 million, compared with last year's third quarter sales of $530.7 million and beating Wall Street’s expected $548.1 million in revenue.

Same-store sales increased grew 6.3%.

The company said it plans to open 25 to 30 new stores next year.

November 2, 2012

DSW acquires corporate headquarters and Columbus DC

DSW Inc. announced the acquisition of 810 AC LLC, which owns the corporate headquarters of DSW, as well as its 700,000-sq.-ft. distribution center and trailer lot on its home office campus in Columbus, Ohio.

Columbus, Ohio -- DSW Inc. announced Thursday the acquisition of 810 AC LLC, which owns the corporate headquarters of DSW, as well as its 700,000-sq.-ft. distribution center and trailer lot on its home office campus in Columbus, Ohio.

Purchase price was $72 million.

The company recently completed the $15 million installation of an automatic sortation facility in the distribution center to support its size replenishment program.

October 29, 2012

Ulta Beauty names DSW CEO to board

Ulta Beauty said that it has named DSW Inc. president and CEO Michael MacDonald to its board of directors, effective Oct. 24.

Bolingbrook, Ill. -- Ulta Beauty said Monday that it has named DSW Inc. president and CEO Michael MacDonald to its board of directors, effective Oct. 24.

Prior to joining DSW in 2009, MacDonald served for three years as chairman and CEO of ShopKo Stores. Prior to that, he spent 16 years with Carson Pirie Scott and with Saks Inc. after it acquired Carson Pirie Scott in 1998.

September 13, 2012

DSW awarded $7.2 million for credit card breach

DSW Inc. said that it has been awarded $7.2 million as a result of litigation with its insurance carrier stemming from its credit card data breach in 2005.

Columbus, Ohio -- DSW Inc. said Thursday that it has been awarded $7.2 million as a result of litigation with its insurance carrier stemming from its credit card data breach in 2005.

The $7.2 million award represents damages plus accrued interest.

In other news, DSW has declared a special dividend totaling $91 million to be paid on Oct. 26 to shareholders. According to president and CEO Mike MacDonald, the special distribution, which is in addition to the regular dividend, represents “significant cash flow generation.”

August 21, 2012

DSW Q2 sales beat Street; on track to open 27 stores in second half

DSW Inc. reported that adjusted net income for the quarter ended July 28 dipped to $30.1 million, from $33.7 million last year.

Columbus, Ohio -- DSW Inc. reported Tuesday that adjusted net income for the quarter ended July 28 dipped to $30.1 million, from $33.7 million last year. Revenue rose 7.5% to $512.2 million, beating the $510.9 million expected by Wall Street.

Same-store sales increased 4.2% in the quarter, compared with a 12.3% increase in the same period last year.

CEO Mike MacDonald told analysts that performance thus far is on track with annual earnings targets and that DSW is on track to open another 27 new stores over the next six months.

May 8, 2012

DSW adds to urban presence with new downtown Chicago store

DSW Inc. said that its newest store, located in the State Street shopping district of downtown Chicago, is slated to open on May 10, bringing the shoe retailer’s total downtown Chicago store count to two and 17 in Chicagoland.

Columbus, Ohio -- DSW Inc. said Tuesday that its newest store, located in the State Street shopping district of downtown Chicago, is slated to open on May 10, bringing the shoe retailer’s total downtown Chicago store count to two and 17 in Chicagoland.

The new two-level store features 25,000 sq. ft. of space.

March 20, 2012

DSW Q4 profit beats Street, on track to open up to 40 stores this year

DSW Inc. reported that profit for the fourth quarter rose to $19.4 million from $200,000 a year earlier, beating analysts’ estimates for the quarter.

Columbus, Ohio -- DSW Inc. reported Tuesday that profit for the fourth quarter rose to $19.4 million from $200,000 a year earlier, beating analysts’ estimates for the quarter.

Fourth-quarter revenue rose 10% to $513.7 million, surpassing Wall Street’s estimated $511.2 million in revenue. Same-store sales increased 5.6%.

March 8, 2012

DSW announces two stores in Manhattan

DSW Inc. has opened on 34th Street in Manhattan, in the heart of New York's fashion district.

New York -- DSW Inc. has opened on 34th Street in Manhattan, in the heart of New York's fashion district. The retailer also announced plans to open a store on the Upper West Side in early summer 2012.

At over 33,000 sq. ft., the 34th Street location is the one of the largest in the DSW chain. It has three floors of selling space. The DSW store at 79th and Broadway will also be very large, measuring over 32,000 sq. ft.
.

January 10, 2012

DSW to accelerate 2012 store openings to 35-40

DSW Inc. said it will open between 35 and 40 stores in 2012, up from an initial plan of 15 to 20 new stores this year.

Columbus, Ohio -- DSW Inc. said Tuesday it will open between 35 and 40 stores in 2012, up from an initial plan of 15 to 20 new stores this year.

The footwear and accessories retailer also raised its annual earnings guidance.

“The expansion of our footprint into new and existing markets is a key growth initiative for us,” said Mike MacDonald, president and CEO, DSW Inc.

The majority of the new stores are slated to open in the second half of 2012, according to the company.

November 22, 2011

DSW Q3 profit beats Street, raises full-year outlook

DSW Inc. reported that net income increased to $53.7 million in the third quarter, up from $35.5 million a year earlier.

Columbus, Ohio -- DSW Inc. reported Tuesday that net income increased to $53.7 million in the third quarter, up from $35.5 million a year earlier.

Sales rose 8.5% to $530.7 million, from $489.3 million. Same-store sales increased 5.2%.

The shoe retailer cited strong boot sales for the performance surge. “We are confident in our strategies and continue to expect fiscal 2011 to represent a strong year of growth, and as a result we have increased our annual guidance," said Mike MacDonald president and CEO.

November 24, 2008

DSW 3Q Profit Falls

Discount shoe retailer DSW Inc. said Tuesday fiscal third-quarter profit fell 41%, on a drop...

May 28, 2008

DSW President Rejoins Limited Brands

Limited Brands said Thursday that Peter Horvath is rejoining the company as executive VP of...

September 27, 2007

DSW Plans Online Store

Columbus, Ohio, DSW...

September 4, 2007

DSW 2Q Earnings Down

Columbus, Ohio, DSW...

December 31, 2006

Data-Breach Dilemma

Data breaches have become an unavoidable cost of doing business in the 21st century.All companies—including...

January 19, 2006

DSW Expands Management Team

Columbus, Ohio, DSW...