DSW 2013 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2013 DSW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 121

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121

Table of Contents

All references to “we,” “us,” “our,” “DSW” or the “Company” in this Annual Report on Form 10-K mean DSW Inc. and its wholly owned
subsidiaries, except where it is made clear that the term only means DSW Inc. DSW Class A Common Shares are listed for trading under the ticker
symbol “DSW” on the New York Stock Exchange (“NYSE”).
We own many trademarks and service marks. This Annual Report on Form 10-K may contain trademarks, tradenames and trade dress of other companies.
Use or display of other parties’ trademarks, trade dress or tradenames is not intended to and does not imply a relationship with the trademark, trade dress or
tradename owner.


Some of the statements in this Annual Report on Form 10-K contain forward-looking statements which reflect our current views with respect to, among other
things, future events and financial performance. Examples of such forward-looking statements include references to our future expansion and plans to become
an omni-channel retailer. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,”
“potential,” “continues,” “may,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of
those words or other comparable words. Any forward-looking statements contained in this Annual Report on Form 10-K are based upon current plans,
estimates, expectations and assumptions relating to our operations, results of operations, financial condition, growth strategy and liquidity. The inclusion of
this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations
contemplated by us will be achieved. Such forward-looking statements are subject to numerous risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-
looking statements. In addition to other factors discussed elsewhere in this report, including those factors described under “Part I, Item 1A. Risk Factors,”
some important factors that could cause actual results, performance or achievements for DSW to differ materially from those discussed in forward-looking
statements include, but are not limited to, the following:
our success in opening and operating new stores on a timely and profitable basis;
our success in executing our omni-channel strategy;
maintaining strong relationships with our vendors;
our ability to anticipate and respond to fashion trends;
disruption of our distribution and fulfillment operations;
continuation of supply agreements and the financial condition of our affiliated business partners;
fluctuation of our comparable sales and quarterly financial performance;
risks related to our information systems and data;
failure to retain our key executives or attract qualified new personnel;
our competitiveness with respect to style, price, brand availability and customer service;
our reliance on our DSW Rewards program to drive traffic, sales and customer loyalty;
uncertain general economic conditions;
our reliance on foreign sources for merchandise and risks inherent to international trade;
risks related to our electronic processing of sensitive and confidential customer and associate data;
risks related to leases of our properties;
risks related to our cash and investments; and
the realization of risks related to the Merger (as defined below), including risks related to pre-merger Retail Ventures, Inc. ("RVI") guarantees of
certain Filene’s Basement leases.
If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results, performance or
achievements may vary materially from what we have projected. Furthermore, new factors emerge from time to time and it is not possible for management to
predict all such factors, nor can management assess the impact of any such factor on the business or the extent to which any factor, or combination of factors,
may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statement speaks only as of the date on
which such statement is made, and, except as required by law, DSW undertakes no obligation to update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.
1
Source: DSW Inc., 10-K, March 27, 2014 Powered by Morningstar® Document Research
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.