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DSW Continues Store Expansion, To Open Store in New Jersey
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Footwear and accessories retailer, DSW Inc. is expanding store base rapidly. The company has announced plans to open a new store in Brick, NJ. The store is scheduled to open on Mar 16, 2017. Of late, DSW has been spreading its presence in the U.S. through the inauguration of stores under the company's expansion strategy.
The new store at Brick will be spread across a sprawling area of 13,000 square feet and accommodate 21,000 pairs of shoes on display for men, women and kids, along with handbags and accessories like jewelry, scarves and fashion socks, to name a few.
DSW continues to expand store lineup. In fiscal 2017, the company is expected to open 12 to 15 new stores. In fiscal 2015 and 2016, the company launched 40 and 33 new stores, respectively. As of Mar 16, 2017, DSW’s total store count totaled to 503.
These store launches reflect the company’s commitment toward expanding network to drive revenues higher in the coming quarters. Recently, DSW provided fiscal 2017 guidance wherein revenues are likely to increase in the range of 3–5% and comparable store sales is expected in the range of flat to low-single digit decline. The company expects adjusted earnings per share in the band of $1.45–$1.55, including up to 10 cents impact from the discontinuation of the leased business with Gordmans.
Despite effort to spread its reach in the U.S, the company’s shares have failed to find a safe haven, with shares declining 17.3% in the past three months. Meanwhile the Zacks categorized Retail-Apparel/Shoe industry has lost 14% during the same time frame.
This Ohio-based retailer currently carries a Zacks Rank #3 (Hold).
Central Garden & Pet has surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average beat of 120.5% and also has an impressive long-term earnings growth rate of 10%.
Kate Spade & Company shares have gained nearly 28% in the past six months.
Prestige Brands Holdings stock has gained nearly 22% in the past six months and has long-term earnings growth rate of 9.8%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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DSW Continues Store Expansion, To Open Store in New Jersey
Footwear and accessories retailer, DSW Inc. is expanding store base rapidly. The company has announced plans to open a new store in Brick, NJ. The store is scheduled to open on Mar 16, 2017. Of late, DSW has been spreading its presence in the U.S. through the inauguration of stores under the company's expansion strategy.
The new store at Brick will be spread across a sprawling area of 13,000 square feet and accommodate 21,000 pairs of shoes on display for men, women and kids, along with handbags and accessories like jewelry, scarves and fashion socks, to name a few.
DSW continues to expand store lineup. In fiscal 2017, the company is expected to open 12 to 15 new stores. In fiscal 2015 and 2016, the company launched 40 and 33 new stores, respectively. As of Mar 16, 2017, DSW’s total store count totaled to 503.
These store launches reflect the company’s commitment toward expanding network to drive revenues higher in the coming quarters. Recently, DSW provided fiscal 2017 guidance wherein revenues are likely to increase in the range of 3–5% and comparable store sales is expected in the range of flat to low-single digit decline. The company expects adjusted earnings per share in the band of $1.45–$1.55, including up to 10 cents impact from the discontinuation of the leased business with Gordmans.
Despite effort to spread its reach in the U.S, the company’s shares have failed to find a safe haven, with shares declining 17.3% in the past three months. Meanwhile the Zacks categorized Retail-Apparel/Shoe industry has lost 14% during the same time frame.
This Ohio-based retailer currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the retail space include Central Garden & Pet Company (CENT - Free Report) , Kate Spade & Company and Prestige Brands Holdings, Inc. (PBH - Free Report) . All of these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Central Garden & Pet has surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average beat of 120.5% and also has an impressive long-term earnings growth rate of 10%.
Kate Spade & Company shares have gained nearly 28% in the past six months.
Prestige Brands Holdings stock has gained nearly 22% in the past six months and has long-term earnings growth rate of 9.8%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>