) - a leading footwear and accessories retailer - has yet again
come up with new store openings. Once again the company announced
four new store inaugurations, which are destined at different
locations - Puerto Rico, Peabody in Massachusetts, River Forest
in Illinois and Washington D.C.
The store to be opened at the Plaza Carolina Mall in Puerto
Rico is the first one in the country. The new store covers an
area of about more than 19,000 sq. ft. and will in-house around
31,000 pair of designer shoes for men and women along with
various kinds of accessories displayed in the store.
Management is all excited about their first store in Puerto
Rico and hopes to receive a positive feedback from the country
through their varied range of footwear and accessories
Further, DSW launched its sixteenth store in Washington D.C.
and it is going to be the second to be opened in this month. This
store has two floors with around 28,000 pairs of men's and
women's shoes in-housed, signifying the strong demand for DSW
shoes in the city.
The company is very enthusiastic to open two successive stores
in Washington D.C. and believes that the city will soon become a
desirable destination for shoe lovers.
Of late, DSW has been extensively using its resources to open
new stores all over the United States, clearly demonstrating its
strong cash position. The company is in sync with its plans of
opening as many as 26 new stores in the third quarter of fiscal
2012, which is expected to be accretive for its top line.
We believe that DSW's aggressive store expansion plans signify
the strong demand for its designer shoes and accessories.
Moreover, its wedding shop collection provides exclusive
assortments for bridal parties and occasions and positions it
different from its peers.
In order to attract more customers, DSW offers a wide range of
designer shoes at discounted prices for both men and women.
Through its free, award-winning loyalty program 'DSW Rewards,' it
issues certificates to the customers for future purchases at its
stores. Moreover, customers receive member-only offers through
Columbus, Ohio-based DSW Inc. operates 363 stores in 41 states
as of October 25, 2012, and supplies footwear to 344 leased
locations in the U.S. It also runs an e-commerce site www.dsw.com
and a mobile website m.dsw.com. The company's fiscal
third-quarter results are expected to release on November 19,
2012. The major competitors of the company are
J. C. Penney Company Inc.
DSW currently carries a Zacks #2 Rank, implying short-term Buy
rating on the stock for the next 1-3 months, on the back of
rising earnings momentum over the last four quarters.
DSW INC CL-A (DSW): Free Stock Analysis
PENNEY (JC) INC (JCP): Free Stock Analysis
MACYS INC (M): Free Stock Analysis Report
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