Net income declined 10% to $49,554,000 from $54,961,000 for the period ended Nov. 1, but EPS of $0.55 beat guidance by $0.04 a share. Third quarter revenues rose 6% to $669,872,000 from $632,976,000 on comp sales improvement of 2.6%, the first such quarterly increase for the 431-door banner this fiscal year. Other Q3 metrics included a 5.0% increase in comp transactions, a low-single-digit decline in traffic, improved conversion rate online and in store, a low-single-digit drop in AUR and a low-single-digit increase in units per transaction. DSW ended Q3 with a 7% increase in inventory per sq. ft. due to ... Log in to view full article.