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DSW stepping up its game for 2015
DSW Inc. says it plans to open as many as 35 new stores this year after reporting that its profits shot up 10% in the fourth quarter.
The specialty footwear retailer reported net income of $30.8 million, up 10% from $28.1 million the same quarter a year earlier. Cost of sales grew at a slower pace than actual sales, helping boost profits.
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DSW beats Street with Q4 earnings; will open 35 stores
Columbus, Ohio – DSW Inc. exceeded Wall Street expectations with profit in the fourth quarter of fiscal 2014. The specialty footwear retailer reported net income of $30.8 million, up 10% from $28.1 million the same quarter a year earlier.
Cost of sales grew at a slower pace than actual sales, helping boost profits. DSW plans to open 35 stores in fiscal 2015, including eight to 10 small format stores. Sales rose 12$ to $640 million, from $572 million.

