Net income increased 46% to $19,318,000 from $13,214,000 for the third quarter, helped by ongoing expense discipline, on sales that were down 3% to $752,411,000 from $777,194,000 with a total comp decline of 2.4%. Comps improved by 260 b.p. sequentially on higher traffic and conversion. U.S. retail sales at DSW ticked down 1% to $610.5 million as comps slipped 1.5%, stanching declines from earlier in the year on improved in-stock levels, rising demand in key categories, and dividends from the “Let Us Surprise You” brand campaign.

Adult athletic comped up 1% and ... Log in to view full article.