DSW Shoes Store Front

Retail Ventures Sales Leap Drives Improvement

In Reports, What's New, Industry News by Accessories Staff

DSW Shoes Store FrontColumbus, Ohio–Retail Ventures, the parent company of DSW, reported rising sales and a move back into profit from continuing operations in its first quarter.

The company said that income from continuing operations for the quarter ended May 1 was $2.6 million on net sales of $449.5 million, compared to loss of $51.9 million on net sales of $385.8 million in the same period last year.

DSW same store sales increased 16.2% during the first quarter versus a decrease of 4.7% last year. Diluted loss per share from continuing operations was $0.18 for the first quarter compared with $1.12 per share last year.

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