Ohio-based branded footwear retailer DSW Inc. has posted net income of $23.7 million and net sales of $357 million for the first quarter ended May 5, compared with net income of $17.5 million and sales of $316.5 million for the first quarter of fiscal 2006.

Based on the performance achieved in the first quarter, the company is maintaining its current estimate for fiscal 2007 and plans to open at least 30 DSW stores during the year.