Rochester,NY 8/31/2009 11:10:58 PM
DSW Inc.DSW-Appreciations from analysts
DSW Inc
Last week, analysts appreciated the leadership of DSW Inc.’s recently appointed president and CEO, Michael MacDonald, despite an earnings decline during the second quarter.
“[DSW] did something in this quarter that it hasn’t done in a long time, which is to batten down the hatches on costs,” said Christopher Svezia, an analyst for Susquehanna Financial Group. “That was certainly encouraging. Some of these things were in place before Mike got there, but he seems to have a much more cost-conscious approach to running the business day in and day out.”
R.J. Jones, an analyst at Ragen Mackenzie, a division of Wells Fargo, agreed that MacDonald, who joined DSW in April, has introduced a practicality that could position the company for stronger times ahead.
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