DSW swoons after weak sales report

|About: DSW Inc. (DSW)|By:, SA News Editor

DSW (DSW) reports comparable-store sales fell 3.7% in FQ1 with weather and promotions teed up by management as sales drags.

Inventory on a cost per square foot basis was up 1.4% at the end of the quarter.

FY15 guidance was lowered by DSW.

Shares of DSW -18.9% premarket.