The new retail outlets announced last week, will open in Livingston (state of New Jersey), Augusta (Georgia state) and Brooklyn (New York).

Since the beginning of September the company already announced 15 new openings, which compares with 19 new outlets opened during the rest of the year (within the period from January to August).

At the same time, the Town Shoes buyout is a strategic move allowing the American group to gain considerable access to the Canadian market. With the takeover, DSW will gain an operating base in Canada which will assist in popularizing its brand across the country. DSW has already started taking advantage from the Town Shoes acquisition as two DSW outlets opened in Toronto in the beginning of August.

The company recently announced a good set of results for the semester. DSW Inc. adjusted sales increased 1.9% to 1 186.0 million US dollars compared to last year's sales of 1 163.4 million US dollars. Net income was 73.0 million US dollars, or 0.80 US dollars per diluted share, on 92 million weighted average shares outstanding. This compares to net income in the same period last year of 68.2 million US dollars, or 0.74 US dollars per diluted share.

DSW Inc. is a branded footwear and accessories retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. As of the end of August DSW operated more than 400 stores in 42 states in the US and Puerto Rico. DSW also supplies footwear to 362 leased locations in the United States and operates Yellow Box stores under the Affiliated Business Group.