Financial Results, Repurchase Programs, Partnership Expansions, New Store Openings and Quarterly Dividends - Research Report on Genesco, Urban Outfitters, Nordstrom, Ross Stores, and DSW

NEW YORK, September 3, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Genesco Inc. (NYSE: GCO), Urban Outfitters Inc. (NASDAQ: URBN), Nordstrom Inc. (NYSE: JWN), Ross Stores Inc. (NASDAQ: ROST), and DSW Inc. (NYSE: DSW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Genesco Inc. Research Report

On August 29, 2013, Genesco Inc. (Genesco) reported its estimated financial results of continuing operations for Q2 FY 2014 (period ended August 3, 2013). The Company estimated earnings from continuing operations to be $12.1 million, or $0.52 per diluted share, compared to reported earnings of $10.6 million or $0.44 per diluted share in Q2 FY 2013 (period ended July 28, 2012). Net sales for the quarter increased 5.7% YoY to an estimated $574.7 million. Robert J. Dennis, Chairman, President and CEO of Genesco, said, "Sales trends proved to be more challenging as the quarter progressed and results came in below our plan. The third quarter has gotten off to a difficult start with comparable sales down 3% through Saturday, August 24. Despite our current sales trajectory we remain optimistic that we can deliver a modest comp improvement in the fourth quarter based primarily on a product mix shift in footwear that moves in our favor and easier comparisons for Journeys and Lids." Dennis added, "Based on second quarter performance and month to date results for August, we are lowering our outlook for Fiscal 2014. We now expect adjusted Fiscal 2014 diluted earnings per share, prior to any change in accounting for the Company's bonus accruals, to be in the range of $5.20 to $5.30, a 3% to 5% increase over Fiscal 2013's adjusted earnings per share of $5.06, down from our previously issued guidance of $5.57 to $5.67." The Full Research Report on Genesco Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/GCO]

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Urban Outfitters Inc. Research Report

On August 28, 2013, Urban Outfitters, Inc.'s (Urban Outfitters) announced that its Board of Directors has approved a repurchase program to repurchase 10 million common shares. The Company informed that in accordance with this program, the Company may repurchase its common shares from time to time, subject to market conditions and at prevailing market prices. The Company also stated that it has repurchased all of the shares authorized under its previous share repurchase programs, including the 10 million common shares authorized by the Board of Directors on August 25, 2011. The Full Research Report on Urban Outfitters Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/URBN]

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Nordstrom Inc. Research Report

On August 27, 2013, Nordstrom Inc. (Nordstrom) announced a plan for partnership expansion with TOPSHOP and TOPMAN by adding 28 TOPSHOP departments and 8 TOPMAN departments across the country beginning late September 2013. According to Nordstrom, this expansion will make the total number of Nordstrom stores with TOPSHOP and TOPMAN to 42 and 18, respectively. Company also informed that it plans to modify design for its TOPSHOP and TOPMAN departments in both new and existing stores. Executive Vice President and President - Merchandising of Nordstrom, Pete Nordstrom commented, "We are very pleased with our TOPSHOP TOPMAN partnership and excited to expand and grow together. Through this collaboration, we hoped to attract new customers to both our women's and men's apparel businesses and to learn to create newness and excitement in our stores and online." The Full Research Report on Nordstrom Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/JWN]

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Ross Stores Inc. Research Report

On August 21, 2013, Ross Stores, Inc. (Ross Stores) announced that its Board of Directors has approved a regular quarterly dividend of $0.17 per common share. The Company informed that the dividend is payable on September 30, 2013 to stockholders of record as on September 6, 2013. The Full Research Report on Ross Stores Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/ROST]

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DSW Inc. Research Report

On August 29, 2013, DSW Inc. (DSW) announced that it has opened new DSW stores in Norman, OK and Victor, NY. In other news dated August 27, 2013, DSW reported its Q2 FY 2013 results (period ended August 3, 2013) with a reported sales increase of 9.7% YoY to $562.1 million, with comparable sales also up by 4.4% YoY compared to 4.2% YoY in Q2 FY 2012. Mike MacDonald, President and CEO of DSW commented, "Second quarter sales rebounded nicely after a difficult start to the year. This sales bounce, coupled with excellent inventory management and prudent expense discipline, resulted in solid quarterly profit results. Moreover, in a volatile sales environment, DSW was able to post a solid 20% earnings growth for the first half of the fiscal year." MacDonald added, "These results underscore the compelling nature of the DSW formula that is based on the brand cornerstones of assortment, value and convenience. DSW's continued progress on its strategic initiatives supports our long term growth trajectory. With that in mind, we raised our full year guidance earlier this month to $3.60 to $3.80 per share." The Full Research Report on DSW Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/DSW]

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