INDUSTRY NEWS

COLUMBUS, Ohio--DSW Inc. has announced net sales for the second quarter ended July 31, 2010 increased 12.3 percent to $415.1 million compared with $369.5 million for the quarter ended August 1, 2009. Same store sales increased 12.0 percent for the comparable period versus a decrease of 2.9 percent last year. 


Net sales for the twenty-six week year-to-date period ended July 31, 2010 increased 14.5 percent to $864.7 million compared with $755.3 million for the twenty-six week year-to-date period ended August 1, 2009. Same store sales increased 14.1 percent for the comparable twenty-six week period versus a decrease of 3.8 percent last year.

The company now estimates an annual comparable store sales increase of approximately 7 percent to 9 percent and annual diluted earnings per share of approximately $1.80 to $1.95 for fiscal 2010. This is updated from the Company's previous estimate of an annual comparable store sales increase of approximately 6 percent to 8 percent and annual diluted earnings per share of approximately $1.65 to $1.75 for fiscal 2010. Fiscal 2009 annual diluted earnings per share were $1.23.

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