DSW reports increased sales
Branded footwear retailer DSW Inc., has announced net income of $10.9 million on net sales of $302.2 million for the fiscal third quarter ended October 29, 2005, compared with net income of $9.4 million on net sales of $262.4 million for the fiscal third quarter of 2004.
Comparable store sales for the third quarter of 2005 increased 3.5% compared with an increase of 0.8% for the same period last year.
For the nine months ended October 29, 2005, net income was $27.1 million on net sales of $860.3 million, compared with net income for the like period last year of $26.2 million on net sales of $729.4 million.
DSW opened 13 stores and added four leased shoe departments during the third quarter. As of October 29, 2005, the company operated 197 DSW stores and 236 leased shoe departments.
