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October 07, 2013

Roch.'s new DSW announces opening date

My intrepid and ever-alert co-worker Mike Klein laced up the opening date of the Designer Shoe Warehouse in today's PB.
Good news for shoe shoppers — Rochester's Designer Shoe Warehouse store is opening on Thursday, the company has announced.

10072013dsw1It's in the 22,000-square-foot former Old Navy store at 50 25th St. S.E., and construction is wrapping up this week.

DSW — Designer Shoe Warehouse — sells designer shoes, boots and sandals at value prices, as well as handbags and accessories. It also runs a popular loyalty program called DSW Rewards that issues certificates to customers for future purchases.

07102013dswopeningsignColumbus, Ohio-based DSW operates 389 stores in 42 states, the District of Columbia and Puerto Rico.

In November 2011, Old Navy moved out of its 22,000-square-foot store at 50 25th St. S.E. between Bed Bath and Beyond and Michaels craft store. It moved farther south to a new spot between Dick's Sporting Goods and Maurice's in the Shoppes on Maine retail cluster.

"Of late, DSW has been extensively using its cash flow to expand throughout the United States," said the Zacks.com analyst blog. "We believe that the company’s aggressive store expansion plans signify that its designer shoes and accessories are fast gaining popularity among consumers."

Recently, DSW reported second-quarter fiscal 2013 results. Earnings increased 47 percent to 97 cents a share and net sales jumped 9.7% to $562 million, whereas comparable-store sales rose 4.4%.

Comments

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I'm so glad you didn't use the term old Old Navy.

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