Footwear and accessories retailer, DSW Inc. (DSW - Snapshot Report) remains on track with its store expansion strategy. Recently, the company announced plans to open a new store in Trexlertown, PA, on Oct 13, 2016.
The store will spread across a sprawling area of 15,000 square feet and accommodate nearly 22,000 pairs of shoes on display for men, women and kids, along with handbags and accessories like jewelry, scarves and fashion socks. This store will be located at Hamilton Crossing 833 N. Krocks Rd. Trexlertown, PA 18106.
Of late, DSW has been extending its reach in the U.S. through store launches under its expansion strategy. These store launches reflect the company’s commitment toward expanding its network to drive revenues higher, along with providing a seamless shopping experience for its customers.
In Aug 2016, the company announced its intention to open 21 new stores between August and October. DSW will have 497 stores in 43 states, effective Oct 13, 2016. The company also supplies footwear to 389 leased 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.
Recently, DSW announced the inauguration of a new store in Round Rock, TX. Further, it unveiled its plan to open five additional stores in Savannah, GA; Port St. Lucie, FL; Wichita, KS; Holmdel, NJ; and Owings Mills, MD.
DSW currently carries a Zacks Rank #2 (Buy). Other favorably ranked stocks in the same industry include American Eagle Outfitters, Inc. (AEO - Analyst Report) , The Children's Place, Inc. (PLCE - Snapshot Report) and Urban Outfitters Inc. (URBN - Analyst Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
American Eagle Outfitters with a long-term earnings growth rate of 11.8% has gained over 12% in the past six months.
The Children's Place with a long-term earnings growth rate of 10.3% has jumped over 39% year to date.
Urban Outfitters with a long-term earnings growth rate of 15% has jumped over 57% year to date.
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