Higher sales at DSW

30/03/2007
 
US branded footwear retailer DSW Inc. has posted improved results for the fourth quarter and full year ended February 3.

Net income for the fourth quarter reached $16.6 million on net sales of $329.1 million, compared with net income of $10 million on net sales of $283.8 million for the comparable quarter in the prior year.

For the fifty-three week fiscal year, net income improved significantly to $65.5 million on net sales of $1.28 billion, compared with net income of $37.2 million on net sales of $1.14 billion for the previous fifty-two week fiscal year.

Headquartered in Columbus, Ohio, DSW sells brand name and designer dress, casual and athletic footwear for women and men at 228 stores in 36 states and supplies footwear to 364 leased locations.