DSW Sales Drop in 4Q

Columbus, Ohio DSW Inc. on Thursday said fourth-quarter sales missed Wall Street expectations, hurt by a 7.2% decline in same-store sales.

Sales for the quarter ended Jan. 31 rose 4.7% to $348.2 million from $332.5 million.

Net sales for the year-to-date period ended Jan. 31 increased 4.1% to $1.46 billion. Same-store sales for the year decreased 5.9%.