DSW profit beats on higher demand for affordable branded shoes

Footwear retailer DSW Inc's second-quarter profit beat analysts' estimates for the sixth consecutive quarter as more value-conscious customers shopped for its affordable and trendy branded shoes. Photo: DSWDSW, which sells shoes of brands including Prada, Nine West, Fendi and Tommy Hilfiger at discounted rates, maintained its adjusted profit forecast for fiscal 2012 and said it plans to open 27 new stores in the second half of the year. The fact that DSW has the ability to read demand and

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