Designer Brands
 | |
| Formerly | Shonac Corporation |
|---|---|
| Company type | Public company |
| NYSE: DSW (Class A) S&P 600 Component | |
| Industry | Retail |
| Founded | January 20, 1969[1] |
| Headquarters | Columbus, Ohio |
Number of locations | 501[1] |
Key people | Jay Schottenstein, Chairman Roger Rawlins, CEO Jared Poff, CFO[1] |
| Revenue |  $2.711 billion (2016)[1] |
 $0.124 billion (2016)[1] | |
| Total assets | $1.428 billion (2016)[1] |
| Total equity | $0.937 billion (2016)[1] |
Number of employees | 12,600[1] |
| Subsidiaries | Town Shoes (44%) The Shoe Company (44%) |
| Website | dswinc dsw |
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
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
- ^ a b c d e f g h i j "DSW, Inc. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "About DSW Inc". DSWINC. DSW Inc. Retrieved 30 January 2018.
- ^ a b "VALUE CITY IN DEAL WITH SCHOTTENSTEIN STORES". The New York Times. Dow Jones & Company. March 14, 1998.(subscription required)
- ^ Showalter, Kathy (October 25, 1999). "DSW steps up its expansion, building into Pyramid malls". American City Business Journals.
- ^ "DSW Releases Findings From Fraud Investigation Into Credit Card and Other Purchase Information Theft" (Press release). PRNewswire. April 18, 2005.
- ^ "DSW debuts on NYSE with IPO". American City Business Journals. June 29, 2005.
- ^ Gelsi, Steve (June 29, 2005). "Neustar, DSW Inc. IPOs kick off". Marketwatch.
- ^ "DSW Inc. Completes Merger With Retail Ventures, Inc" (Press release). PRNewswire. May 26, 2011.
- ^ Eaton, Dan (April 15, 2014). "DSW buying stake in Canadian shoe chain". American City Business Journals.
- ^ "DSW Inc. to Acquire Ebuys, Inc" (Press release). PRNewswire. February 17, 2016.
- ^ Eaton, Dan (July 28, 2016). "Parents, you can now shop for your kids at DSW stores". American City Business Journals.
- ^ "DSW Inc. to Open New Stores in the Middle East" (Press release). PRNewswire. August 17, 2016.
- ^ Wilen, Holden (March 20, 2017). "Under Armour enters deal to sell its shoes at DSW". American City Business Journals.
- ^ Eaton, Dan (June 29, 2017). "DSW moves into the Middle East with store in Oman". American City Business Journals.
External links
- Business data for DSW, Inc.: