0.40%SPY 128.21 
0.57%WM 4.65 20.10%
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COLUMBUS, Ohio - Shoe retailer DSW Inc. said Thursday same-store sales will decline in the first half of the current fiscal year as the economy slows and consumers curb spending.
| DSW | 12.8 |  0.85 |
Same-store sales is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.
The company said profit in the first six months of the year will be "significantly below" the 68 cents per share it earned in the comparable year-ago period.
DSW did not issue a forecast for full-year results, citing economic "uncertainty."
On average, analyst surveyed by Thomson Financial forecast earnings per share of 47 cents for the April quarter and 20 cents for the July quarter.
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