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Footwear retailer DSW reiterates annual outlook
06
Feb '09
DSW Inc reported net sales for the quarter ended January 31, 2009 increased 4.7% to $348.2 million compared with $332.5 million for the quarter ended February 2, 2008. Same store sales decreased 7.2% for the comparable period versus a decrease of 1.7% last year.

Net sales for the year-to-date period ended January 31, 2009 increased 4.1% to $1.46 billion compared with $1.41 billion for the year-to-date period ended February 2, 2008. Same store sales decreased 5.9% for the comparable period versus a decrease of 0.8% last year.

The Company opened 41 DSW stores during the 2008 fiscal year.

2008 Outlook
For the fiscal year ending January 31, 2009, the Company reiterated its guidance of estimated annual diluted earnings per share in the range of $0.62 to $0.72.

Future Sales Reporting
Beginning the first quarter of fiscal 2009, the Company will issue one press release that will report both sales and earnings for that period. The Company previously reported sales, separately from earnings, on the first Thursday following the close of the quarter.

DSW Inc is a leading branded footwear specialty retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear for women and men.

DSW Inc


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