DSW Devotes 25% of Q1 CapEx to IT Enhancements

DSW looked forward to carrying the momentum of 2011 into 2012. Continuing its success, net sales for the quarter ending April 28, 2012 increased 10.9% to $558.6 million. The retailer continues to accelerate its growth through expansion of its store base, IT investments, growth of the loyalty program and record online sales. The DSW store base has grown by 10%, while sales productivity has grown more than 28%. Capital expenditures for the first quarter were $24 million, with $18 million allotted to new and remodeled stores and $6 million for information technology and business infrastructure. The DSW rewards database