DSW, Inc.

DSW, Inc.
Formerly
 Shonac Corporation
Public company
Traded as NYSE: DSW (Class A)
S&P 600 Component
Industry Retail
Founded January 20, 1969 (1969-01-20)[1]
Headquarters Columbus, Ohio
Number of locations
 501[1]
Key people
 Jay Schottenstein, Chairman
Roger Rawlins, CEO
Jared Poff, CFO[1]
Revenue Increase $2.711 billion (2016)[1]
Decrease $0.124 billion (2016)[1]
Total assets Increase $1.428 billion (2016)[1]
Total equity Increase $0.937 billion (2016)[1]
Number of employees
 12,600[1]
Subsidiaries Town Shoes (44%)
The Shoe Company (44%)
Website dswinc.com
dsw.com

DSW, Inc. (Designer Shoe Warehouse), is an American footwear retailer of designer and name brand shoes and fashion accessories with over 500 stores in the United States and an e-commerce website.[2]

The company also owns private-label footwear brands including Audrey Brooke, Kelly & Katie, Lulu Townsend, and Poppie Jones.

History

DSW store at Green Oak Village Place in Brighton, Michigan
DSW store at The Rim Shopping Center in San Antonio, Texas
DSW store in Saugus, Massachusetts

The company was founded in 1969 as Shonac Corporation, as the shoe licensee for Value City.[1][3]

In July 1991, the company opened its first store, which was in Dublin, Ohio.[1]

In 1998, the company was acquired by Value City.[3]

By 1999, the company had 48 stores.[4]

In December 2004, the company was acquired by Retail Ventures, an affiliate.

In March 2005, the company experienced massive data theft, including customer data from 1.4 million credit card transactions.[5]

In June 2005, the company became a public company via an initial public offering.[6][7]

In April 2008, the company launched its e-commerce website.

In 2011, the company acquired Retail Ventures, its largest shareholder.[8]

In 2014, the company acquired 44% of Town Shoes, a chain of Canadian shoe stores, and entered into a licensing agreement for the DSW name.[9]

In February 2016, the company acquired Ebuys for $62.5 million.[10]

In July 2016, the company added shoes for children to its inventory.[11]

In August 2016, the company entered into a franchising agreement with Apparel Brands to open DSW stores in the Middle East.[12]

In March 2017, the company reached a deal with Under Armour to carry Under Armour shoes in DSW stores.[13]

In June 2017, the company opened a store in Oman, its first store in the Middle East.[14]

References

  1. 1 2 3 4 5 6 7 8 9 10 "DSW, Inc. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ "About DSW Inc". DSWINC. DSW Inc. Retrieved 30 January 2018.
  3. 1 2 "VALUE CITY IN DEAL WITH SCHOTTENSTEIN STORES". The New York Times. Dow Jones & Company. March 14, 1998. (subscription required)
  4. ↑ Showalter, Kathy (October 25, 1999). "DSW steps up its expansion, building into Pyramid malls". American City Business Journals.
  5. ↑ "DSW Releases Findings From Fraud Investigation Into Credit Card and Other Purchase Information Theft" (Press release). PRNewswire. April 18, 2005.
  6. ↑ "DSW debuts on NYSE with IPO". American City Business Journals. June 29, 2005.
  7. ↑ Gelsi, Steve (June 29, 2005). "Neustar, DSW Inc. IPOs kick off". Marketwatch.
  8. ↑ "DSW Inc. Completes Merger With Retail Ventures, Inc" (Press release). PRNewswire. May 26, 2011.
  9. ↑ Eaton, Dan (April 15, 2014). "DSW buying stake in Canadian shoe chain". American City Business Journals.
  10. ↑ "DSW Inc. to Acquire Ebuys, Inc" (Press release). PRNewswire. February 17, 2016.
  11. ↑ Eaton, Dan (July 28, 2016). "Parents, you can now shop for your kids at DSW stores". American City Business Journals.
  12. ↑ "DSW Inc. to Open New Stores in the Middle East" (Press release). PRNewswire. August 17, 2016.
  13. ↑ Wilen, Holden (March 20, 2017). "Under Armour enters deal to sell its shoes at DSW". American City Business Journals.
  14. ↑ Eaton, Dan (June 29, 2017). "DSW moves into the Middle East with store in Oman". American City Business Journals.
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