Solid Q1 marks “exciting return to growth” for DSW - footwearbiz: Lead

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Solid Q1 marks “exciting return to growth” for DSW

06/06/2018
Footwear group DSW has announced revenues of $712 million for the first quarter of its business year, the three-month period ending May 5. This figure represents an increase of 2.9% compared to the same quarter a year ago.

Chief executive, Roger Rawlins, said on announcing the results were “solid” and cemented “an exciting return to growth” over the last 12 months.

DSW operates 517 stores in 44 US states. Shortly after closing the quarter, DSW completed the acquisition of Canadian group Town Shoes, paying $35 million. It will now carry out a review of the Town Shoes business.


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