Net income jumped 160% to $30,526,000 from $11,763,000 for the 13 weeks ended Jan. 28 on flat sales of $674,619,000 compared to $672,036,000, which saw comp store sales decline 7% compared to last year, offset by the acquisition of Ebuys and the addition of 33 new stores. DSW noted that it had planned a decrease in comps, partly because it de-emphasized boots in its mix but also because it backed away from the aggressive promotional stance it had taken the year before, which led to a 50 b.p. increase in gross margin on a significant reduction in markdowns and better ... Log in to view full article.