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DSW profit soars in Q1


Columbus, Ohio Retail Ventures announced that net sales at DSW for the first quarter ended May 1 increased 16.5% to $449.5 million, from $385.8 million from the same period the year before.

DSW’s first-quarter net income surged to $30.2 million from $7.1 million last year.

Meanwhile, same-store sales increased 16.2% versus a decrease of 4.7% last year.

Retail Ventures is a holding company whose subsidiary, DSW, is a leading United States branded footwear specialty retailer operating, as of May 1, 311 shoe stores in 39 states.

DSW also supplies shoes, under supply agreements, to 354 locations and operates

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