Shoe lovers across the country reveled in the bounty of designer shoes put before them when warehouses sprouted up nationwide. Never before had such a wide variety of shoes been offered under one roof.
Men Size Air Jordan 6 Oreo 2014(3), DSW has taken the cue from fellow large scale retailers and has made a move to enter the Canadian market, partially under duress by slowing sales back home. The Canadian market is ripe for the taking,
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322992 163 Air Jordan 6 Rings White Wheat Red(2), DSW could be positioned in just the right place. While recent performance has not been pleasing, the fact that pricing is low and they are catering to a new and hungry market could swing things around. It may not be a hugely lucrative investment choice, but DSW’s move into the northern territory may just bring its value back up, making now a good time to invest if you are looking to diversify.
A New MarketBecause DSW now has a strong and promising foothold in the Canadian market, it should start to see improvements in sales. In just August alone, it plans on opening stores in open mall locations in Mississauga and Newmarket on August. Further stores are slated to open across the country over the remainder of the year as part of a $62 million deal between DSW and Toronto’s Town Shoes Limited.
Canada is currently enjoying a huge retail boom,
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According to chief executive of the Toronto chain, Bruce Dinan, Canadians are extremely excited about the new stores. Most mall shoe stores are far smaller than the DSW spread, which is close to 10 times greater in size and carry upwards of 22,000 pairs of shoes. website. The Canadian website will launch the same day stores open in Heartland Town Centre and at Woodland Hills Shopping Centre,
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A New VarietyToronto’s Town Shoes Ltd. offers and sells its own brand, but DSW will bring in a new expanse of brands and high end footwear currently not carried by shoe outfits in Canada. This means sales should skyrocket for those who have not had access to these new brands.
Critics would argue that these brands can be purchased online, but most shoe shoppers feel more comfortable seeing and trying on shoes first before buying. Consumers can accept online shoe purchases only after they know what brands fit and at what size.
"The retail shoe market is certainly getting crowded in Canada. It’s intensely competitive,
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She emphasized that while Canada has a variety of choices in the retail show market,
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"While it’s a well represented sector,
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Promising EconomicsMost investors know it is best to buy low and sell high. In the same breath,
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On the face of it, DSW’s profits margins are below the industry average. Only department store Nordstrom (NYSE:JWN) rates lower. However, its Beta indicator,
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Other healthy indicators for DSW are it’s slight increase in revenue over the last year (0.5%) and its next to no company debt,
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While Motley Fool has analyzed DSW stock to be on shaky ground, second to the bottom of big shoe retailers in performance,
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In the last quarter,
322992 163 Air Jordan 6 Rings White Wheat Red(1), the company has grown both sales and net income at a faster pace than industry average, contributing to a slight increase in its bottom line. What’s more,
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Since stock prices are at a low,
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The market for women’s footwear was $2.6 billion in Canada for the 12 months ending in February, according to consumer market research firm NPD Group.
Investing in DSW stock at this point is a relatively safe bet for modest returns in the short term,
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