Rochester, NY 8/31/2009 10:39:28 PM
Retail Ventures Inc.,RVI, Down by 1.43% in the Monday Trading
Retail Ventures Inc.
DSW Inc. recorded a profit decline of 31 percent in the shoe retailer’s second quarter, but the company told investors Wednesday it is raising its earnings outlook for the year.
Sales in the quarter grew 3 percent to $369.5 million from $357.2 million, but receipts at stores open at least a year during the quarter fell 3 percent. DSW (NYSE:DSW) noted the decline was an improvement from a 7 percent drop in same-store sales in last year’s second quarter.
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Last Trade: 4.82
Day's Range: 4.53 - 4.88
52wk Range: 0.90 - 5.17
Change: 0.07 (1.43%)
Volume: 91,984
Avg Vol (3m): 168,839
ABOUT Retail Ventures, Inc.
Retail Ventures, Inc., through its subsidiary, DSW Inc., operates as a specialty branded footwear retailer in the United States. The company, through DSW stores and dsw.com, offers a selection of better-branded dress, casual, and athletic footwear for women and men. It also supplies shoes, under supply arrangements, for 341 locations for other non-related retailers. As of January 31, 2009, Retail Ventures operated 298 shoe stores. The company was founded in 1917 and is based in Columbus, Ohio.
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