ICR XChange Coverage: DSW
Newest prototype is over 22,000 sq. ft., twice the size of department store shoe department, with 25-30,000 pairs per store.+++++Carries over 400 brands.++++All buying is done on net basis to do everyday low pricing.++++Typically 25-30% off MSRP and 10% is 40% off.++++Also does 25% of business in clearance.++++Rewards program has 18 million members and accounts for 88% of DSW’s business.++++90% of stores are non-mall location.++++Growing stores at 10% CAGR in last 8 years, with 12% CAGR in sales and 20% CAGR in earnings.++++Share has grown to number two from number nine in 2006.++++326 stores in 40 states ... Log in to view full article.