), a leading footwear and accessories retailer, has been expanding
its store base aggressively over time. Recently, it announced two
more new store openings - one at Modesto, California and another at
Earlier this week, DSW announced five store openings - one each
at Maplewood in Minnesota, Providence in Rhode Island, Gurnee in
Illinois, Washington D.C. and another in Wisconsin Avenue
The company is in sync with its strategic policy of opening
around 26 new stores in the fiscal third quarter 2012 (ending
October 2012) and one in the fiscal fourth quarter, bringing the
total number of new store openings to 39 in fiscal 2012.
Considering these latest store openings, it can be said that the
company will soon achieve its target of opening the required number
DSW's store expansion strategy is expected to be accretive to
its top-line growth, since it offers a wide range of designer shoes
at discounted prices for both men and women. Its wedding shop
collection provides exclusive assortments for bridal parties and
DSW in its recently released fiscal second-quarter results
revealed that it has opened two larger-than-average downtown stores
and relocated two stores during the quarter. Ending the first six
months of fiscal 2012, the company opened 12 new stores and
completed four store relocations.
Columbus, Ohio-based DSW Inc. currently operates 356 stores in
41 states 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.
DSW, which competes with
J. C. Penney Company Inc.
), 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 Report
PENNEY (JC) INC (JCP): Free Stock Analysis
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