Unbigoted Research
Long/short equity, deep value, special situations, growth

The Long Case For DSW Inc.

While the retail industry certainly took its blows during the economic downturn of 2008 and 2009, today, certain components of this industry seem to be coming back steadily - especially as consumers begin to once again open up their wallets. One such sector that could rebound nicely is that of footwear and apparel.

DSW Inc. (NYSE:DSW), the Columbus, Ohio based footwear company that was founded nearly a century ago, currently operates more than 370 stores in 42 U.S. states, as well as in the District of Columbia. The company also supplies footwear to nearly 350 leased locations throughout the country, including via some big name discount retailers such as Gordmans and Stein Mart.

Over the years, the company...

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