DSW Inc., together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.
Today DSW announced their fourth quarter earnings today. The company lost $0.07 / share, but Wall Street was looking for a $0.03 gain. In addition, gross margins dropped to the lowest level in three years. For the current year, DSW expects earnings / share in the range of $1.80 to $1.90 vs analysts’ expectations of $1.94.
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