DSW Inc. (NYSE:DSW) Files An 8-K Results of Operations and Financial Condition

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DSW Inc. (NYSE:DSW) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.

On November21, 2017, the Company issued a press release regarding its consolidated financial results for the third quarter ended October28, 2017. A copy of the press release announcing these financial results is attached as Exhibit 99.1 hereto and incorporated by reference herein.

to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Furthermore, the information in this Item 2.02 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

Item 8.01 Other Events.

The press release also announced that the Company's Board of Directors declared a dividend of $0.20 per share, to be paid on December 29, 2017 to shareholders of record at the close of business on December 15, 2017. Subject to the note relating to the press release contained in Item 2.02 of this current report on Form 8-K, the press release is attached as exhibit 99.1 hereto and incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d)Exhibits.

ExhibitNumber

Description

99.1

Press Release dated November 21, 2017


DSW Inc. Exhibit
EX-1 2 q32017earningsrelease.htm EXHIBIT 1 Exhibit Exhibit 99.1DSW Inc. Reports Third Quarter 2017 Financial Results •Third quarter sales increased 1.7% to $708.3 million; comparable sales decreased 0.4% •First nine months sales increased 2.1% to $2.1 billion; comparable sales decreased 1.0% •Including $0.40 per diluted share from net non-cash charges related to the impairment of Ebuys’ goodwill and intangible assets,…
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About DSW Inc. (NYSE:DSW)

DSW Inc. is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses. The Company operates over 470 DSW stores, dsw.com and shoe departments in approximately 280 Stein Mart stores and Steinmart.com, over 100 Gordmans stores and Gordmans.com, and approximately one Frugal Fannie’s store. Its DSW stores average approximately 21,000 square feet and carry over 21,500 pairs of shoes. In addition, it offers DSW Rewards program, through which members earn points towards certificates every time they purchase.