Footwear and accessories retailer,
) recently announced the opening of a store in Greenville, S.C.
The outlet will be located at 822 Woods Crossing and is slated to
open on Oct 17.
Through this new store, DSW will offer a wide variety of designer
shoes, sandals and boots for men, women and children at a
discount. As of Oct 17, 2013, DSW will be operating 390 stores in
42 states, the District of Columbia and Puerto Rico.
Of late, DSW has been extensively using its cash flow to expand
throughout the United States. We believe that the company's
aggressive store expansion plan indicates the growing demand and
popularity of its designer shoes and accessories. Moreover, DSW's
wedding shop collection provides exclusive assortments for bridal
parties and special occasions, which distinguish it from peers
Foot Locker, Inc
J. C. Penney Company Inc.
Apart from offering a wide range of designer shoes, DSW runs a
free, award-winning loyalty program - DSW Rewards. The program,
which issues certificates to customers for future purchases, not
only helps retain customers but attracts new buyers as well.
DSW is scheduled to announce its third-quarter fiscal 2013
earnings on Nov 18, 2013. Our proven model shows that the company
is most likely to outperform the Zacks Consensus Estimate as it
has two favorable components: a Zacks Rank #2 (Buy) and a
of 2.59% (as the Most Accurate Estimate stands at $1.19 while the
Zacks Consensus Estimate is pegged at $1.16).
The above view is well supported by DSW's earnings surprise
history. The company has beaten the Zacks Consensus Estimate
thrice in the past 4 quarters by an average of 10.7%.
At its last earnings call, management had guided fiscal 2013
earnings per share in the range of $3.60-$3.80 while it projected
revenue growth of 5% -7%.
DSW INC CL-A (DSW): Free Stock Analysis
FOOT LOCKER INC (FL): Free Stock Analysis
PENNEY (JC) INC (JCP): Free Stock Analysis
MACYS INC (M): Free Stock Analysis Report
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