DSW posts positive Q1 results

07/06/2006
US-based branded footwear retailer DSW Inc. reported net income of $17.5 million on net sales of $316.5 million for the first quarter of fiscal 2007, ended April 29, compared with net income of $7 million on net sales of $281.8 million for the comparable period last year.

Comparable store sales increased 4.2% compared with the same period last year.

Comparable store sales are projected to increase 3-5% in 2006 and the company also plans to open 30 DSW stores during the year.