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DSW increases profits in Q3

11/24/2009

Columbus, Ohio Footwear retailer DSW said Tuesday it generated net income in the third quarter ended Oct. 31 of $26.6 million, compared with net income of $13.2 million in the year-ago period.

Sales for the quarter were $444.6 million, up from $391.4 million. Same-store sales increased 8.7% versus a decrease of 4.1% last year.

DSW operates 306 stores in 39 states and operates an e-commerce site, dsw.com, and also supplies footwear to 356 leased locations in the United States.

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