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DSW steps up growth plan
Leading footwear retailer DSW said it would open between 25 and 30 new stores next year, adding to an existing base of 364 units.
The company disclosed its expansion plans in conjunction with the release of third quarter results that saw same store sales advance a hefty 6.1% and profits grow by double digits. Adjusted net income increased 17% to $46.6 million, or $1.02 per share, compared to $39.8 million, or $0.88 per share.