DSW news and archive

DSW announces senior executive changes to support new acquisitions

DSW Inc. has announced the creation of several new executive positions following the 2018 acquisition of its Canadian business, formerly known as Town Shoes Limited and Camuto Group. The company's organizational changes will become effective February 3, 2019. The company said, Bill Jordan will be promoted to President of DSW Designer Shoe...

Report

DSW posts strong Q3, raises full year outlook

For its third quarter, DSW Inc. said that total revenue increased by 17.2 percent to 833 million dollars, including 80.1 million dollars from the consolidation of the Canadian retail business. Comparable sales for the period increased 7.3 percent excluding results from the Canada retail segment. Reported gross profit, as a percent of sales,...

Management

Sequential renews partnership with Camuto for Jessica Simpson footwear business

Sequential Brands Group, Inc. has signed a long-term licensing partnership renewal with Camuto Group, a footwear and accessory designer and developer, which is now owned by DSW Inc. Under the new partnership agreement, Camuto, the company said, will continue to develop Jessica Simpson’s footwear business, which is currently sold at retail stores...

Management

DSW and Authentic Brands Group complete acquisition of Camuto Group

DSW Inc. has completed its previously announced acquisition of the operations of Camuto Group, known for its Vince Camuto brand and the footwear licenses of Jessica Simpson and Lucky Brand. Additionally, DSW and Authentic Brands Group LLC (ABG), have completed their acquisition of several intellectual property rights from the Camuto Group under...

ManagementFeatured

DSW and Authentic Brands Group to acquire Camuto Group

DSW Inc. has announced the acquisition of operations of Camuto Group, known for its Vince Camuto brand and the footwear licenses of Jessica Simpson and Lucky Brand. Additionally, the company said, DSW along with Authentic Brands Group LLC (ABG), have jointly acquired several intellectual property rights from the Camuto Group under a new...

Report

DSW announces new addition to its board of directors

DSW Inc., has announced the appointment of Ekta Singh-Bushell to its board of directors. The company said, she will serve on the company's audit committee and nominating and corporate governance committee. Commenting on her appointment, Jay Schottenstein, Chairman of DSW's board of directors said in a statement: "We are excited to welcome Ekta...

Management |INTERACTIVE Featured

DSW returns to comparable sales growth, raises outlook

DSW Inc. said in a statement that total revenue for the second quarter increased by 16.4 percent to 795 million dollars, including 72.5 million dollars from the consolidation of its Canadian retail business. Comparable sales increased 9.7 percent for the 13-week period excluding results from its Canada Retail segment. Total revenue increased 9.6...

Report

Q1 revenue increases 2.9 percent at DSW

DSW Inc. recorded total revenue increase of 2.9 percent to 712 million dollars, including 5.6 million dollars from residual Ebuys operations, three months ended May 5, 2018. Comparable sales increased 2.2 percent and reported gross profit, as a percentage of sales, increased by 40 bps due to the wind down of Ebuys. Hover over the graph to learn...

People

DSW names new Chief Information Officer

DSW Inc. has announced that Drew Domecq has joined the comapny as senior vice president and chief information officer, effective April 2. Domecq will report to CEO Roger Rawlins. Domecq is an experienced IT professional who brings a mix of IT, commercial, and brand experience to his new role, where he will be responsible for the continued...

ManagementFeatured

DSW returns to Q4 comparable sales growth of 1.3 percent

DSW Inc. said that the total company revenues hit a new high of 2.8 billion dollars, a rise of 3.3 percent during the year with renewed momentum in the core business, with footwear posting positive comparable sales for three quarters in a row. Comparable sales decreased 0.4 percent compared to last year's 3 percent decrease. Fourth quarter sales...

Report

DSW's Q3 sales improve 1.7 percent

For the third quarter, DSW’s sales increased 1.7 percent to 708.3 million dollars, while comparable sales decreased 0.4 percent with a negative impact of 50 to 60 bps from hurricane disruption. Reported net income was 4 million dollars or 0.05 dollar per diluted share, while adjusted net income was 35.9 million dollars or 0.45 dollar per diluted...

Management

DSW returns to same-store sales growth of 0.6 percent in Q2

DSW’s sales increased 3.3 percent to 680.4 million dollars for the second quarter and comparable sales increased 0.6 percent compared to last year's 1.2 percent decrease. For the first six months of this fiscal, sales increased 2.3 percent to 1.4 billion dollars, while comparable sales decreased 1.3 percent compared to last year's 1.4 percent...