Home / Knowledge / News / Textiles / DSW provides 2010 annual outlook

DSW provides 2010 annual outlook

16
Mar '10
DSW Inc a leading branded footwear specialty retailer announced net income of $13.4 million on net sales of $402.6 million for the fourth quarter ended January 30, 2010, compared with a net loss of $7.5 million on net sales of $348.2 million for the fourth quarter ended January 31, 2009. Same store sales increased 12.9% versus a decrease of 7.2% last year.

Diluted earnings per share were $0.30 for the fourth quarter of fiscal 2009 compared with a diluted loss per share of $0.17 for the same period last year.

Annual Results

Net income was $54.7 million on net sales of $1.60 billion for the year ended January 30, 2010, compared with net income of $26.9 million on net sales of $1.46 billion for the year ended January 31, 2009. Same store sales increased 3.2% versus a decrease of 5.9% last year.

Diluted earnings per share were $1.23 for the year ended January 30, 2010 compared with diluted earnings per share of $0.61 for the same period last year.

Fiscal 2010 Annual Outlook

The Company estimates 2010 annual comparable stores sales in the low-single digit range and 2010 annual diluted earnings per share of approximately $1.35 to $1.45. The Company plans to open approximately 10 stores during the year.

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. As of March 16, 2010, DSW operated 306 stores in 39 states and operated an e-commerce site. DSW also supplied footwear to 354 leased locations in the United States.

DSW Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 8th May 2021

French Development Agency to invest $83m in Ivory Coast cotton sector

Over a period of five years, the French Development Agency (AFD) will ...

Pic: Juki

Apparel/Garments | On 8th May 2021

Japanese companies collaborate to develop sewing machine business

Juki Corporation and Pegasus Sewing Machine Mfg have entered into a...

Pic: Rocky Brands

Apparel/Garments | On 8th May 2021

Rocky Brands expands Made in America capabilities

Rocky Brands has expanded the offering of its Made in America product ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search