DSW Inc. reported net sales for the second quarter ended August 4 increased 16% to $348.7 million compared with $301.3 million for the year-ago period. Same-store sales increased 5.9% for the comparable thirteen-week period versus an increase of 2.2% last year.
Net sales for the twenty-six week YTD period ended August 4 increased 14% to $705.7 million compared with $617.8 million for the year-to-date last year. Same-store sales increased 0.9% for the comparable twenty-six week period versus an increase of 3.2% last year.
DSW said second quarter sales were driven by significant promotional activity aimed at clearing seasonal merchandise, which negatively impacted gross margin for the quarter.
