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DSW Store Count Keeps on Increasing, Nears the 500 Mark

There is no looking back for footwear and accessories retailer, DSW Inc. DSW as the company remains focused on store expansion. The company recently announced plans to open a new store in Suffolk, VA on Apr 16, 2016.

The new store will sprawl across an area of 11,967 square feet and accommodate 15,000 pairs of men’s and women’s shoes, along with handbags and accessories like jewelry, scarves, fashion socks and the like.

Of late, DSW has been widening its reach in the U.S. through the inauguration of stores under the company's expansion strategy, which was devised in February. Moreover, DSW intends to open 14 additional stores this spring. These store launches reflect the company’s commitment toward expanding its network to drive revenues. As of Apr 14, 2016, DSW had 474 stores in 42 states. The company also supplies footwear to 384 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.

In fiscal 2015, the company added 40 new stores in the U.S. During fiscal 2016, DSW expects to open 34 new stores and close 2. In the beginning of the month, the company opened a new store in Richmond, VA. Last month, it introduced new DSW stores at Holly Springs, NC; Visalia, CA; Westminster, MD; and Chesterfield, MI.

Zacks Rank

DSW currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in this sector include Express Inc. EXPR, American Eagle Outfitters, Inc. AEO and Abercrombie & Fitch Co. ANF. While Express and American Eagle Outfitters sport a Zacks Rank #1 (Strong Buy), Abercrombie & Fitch holds a Zacks Rank #2 (Buy).

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ABERCROMBIE (ANF): Free Stock Analysis Report
 
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