DSW Ramps Up Store Openings

COLUMBUS, OH-Shoe retailer DSW is opening more stores in the coming quarter, 15, than it has ever opened in a three-month period. The new units will put the company on track to open at least 35 locations this year, management says.

Nearly all of the new stores will be in a new format. The company currently has 36 units in the format out of its total portfolio of 237 units. DSW opened six stores during its second quarter, which ended Aug. 4, while 14 new locations were rolled out year to date.

Due to the increase in store count and improvements to its website, executives say they are increasing capital expenditures for the year from $80 million to $100 million. DSW is also remodeling five units in the second half of the year.