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American Eagle Outfitters, Inc. (AEO) - $25 value - yours FREE >>
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DSW Inc (DSW) Unveils Plans to Open Stores, Nears 500 Mark
There is no looking back for footwear and accessories retailer DSW Inc. as it is forging full steam ahead with its store expansion plans. The company has recently announced its intention to open 21 new stores between August and October.
Of late, DSW has been widening its reach in the U.S. through the inauguration of stores under its expansion strategy. These store launches reflect the company’s commitment toward widening its network to drive revenues.
The new stores will be opened in cities like Mishawaka, IN, White Marsh, MD, Holland, OH, Pittsburgh, PA and others.
Under this plan, the company has already announced the opening of DSW stores at Silverdale, WA and Salinas, CA. The new store at Silverdale will sprawl across an area of 12,000 square feet and accommodate 15,000 pairs of shoes on display for men and women, along with handbags and accessories like jewelry, scarves, fashion socks and the like. On the other hand, the new store at Salinas will have 14,000 pairs of shoes on display for men, women and children.
As of Aug 23, 2016, DSW had 482 stores in 42 states. The company also supplies footwear to 385 locations in the U.S. Given the impressive pace at which the company is expanding store base, it is expected to reach the 500 mark soon. In fiscal 2015, it added 40 new stores in the U.S.
The company, which has seen its share price increase more than 35% in the past three months, currently holds a Zacks Rank #2 (Buy), and is scheduled to release second-quarter fiscal 2016 results on Aug 30, 2016.
DSW INC CL-A Price
DSW INC CL-A Price | DSW INC CL-A Quote
Other Stocks to Consider
Some other stocks which warrant a look in this sector include American Eagle Outfitters, Inc. (AEO - Free Report) , Citi Trends, Inc. (CTRN - Free Report) and Foot Locker, Inc. (FL - Free Report) . All these stocks hold the same Zacks Rank as DSW.
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