Second-quarter rebound for DSW

29/08/2013
Footwear retailer DSW saw sales increase 9.7% to $562 million in the second quarter, which it said demonstrated a “nice rebound” after a difficult start to the year.

"This sales bounce, coupled with excellent inventory management and prudent expense discipline, resulted in solid quarterly profit results,” said its CEO, Mike MacDonald. “Moreover, in a volatile sales environment, DSW was able to post a solid 20% earnings growth for the first half of the fiscal year.”

DSW operates 377 stores in 42 US states and Puerto Rico.