DSW Cuts 98 HQ Jobs

Columbus, Ohio DSW Inc. said Wednesday that it was cutting nearly 100 jobs as same-store sales fell during the third quarter.

The company said it was laying off 82 employees in its headquarters and field-leadership positions while not filling another 16 vacant slots.

The job cuts will result in a $3 million pretax charge in the fourth quarter.

Same-stores sales fell 4.1% for the three months ending Nov. 1. For the year, same-store sales dropped 5.3%. Sales revenue for the quarter grew 6.5% to $391.4 million.