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Fly News Breaks for August 26, 2015
DSW
Aug 26, 2015 | 09:30 EDT
William Blair analyst Amy Noblin acknowledged that DSW's Q2 sales were light compared to expectations, but said the quarter was "solid" overall in her view and attributes the post-earnings selloff to concerns regarding strength in athletic footwear, to which DSW is under-exposed, and limited margin recapture given its investments. However, Noblin said she is encouraged that DSW keeps showing positive comp and margin performance and remains positive on the shares.
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