The Other Shoe Drops at DSW
Shoe retail specialist DSW (NYSE: DSW) has had an up-and-down 2017. Just when the company seemed to be stuck in the malaise that has overcome the retail industry, DSW was able to produce solid results that pointed toward a potential turnaround. Yet just as quickly, changing fortunes can take away the positive momentum that has taken so long for a company to build.
Coming into Tuesday's third-quarter financial report, DSW investors wanted to see some evidence that the company could sustain the progress it had made in recent quarters. Instead, DSW's results showed new obstacles to growth, and adverse events weighed on the retailer's turnaround. Let's take a closer look at DSW to see what it said about its prospects down the road.
Image source: DSW.
Source: Fool.com
