High Operating Costs Force DSW to Close Town Shoes in Canada

DSW is closing more than three dozen stores in Canada. DSW Inc. plans to close all 38 of its Town Shoes locations in Canada after the stores reported significant operating losses. The Columbus, Ohio, shoe retailer cited unfavorable long-term lease obligations and high operating costs for the decision. It said it plans instead to focus on its more profitable Canadian shoe brands: Shoe Warehouse, Shoe Company and DSW Designer Shoe Warehouse...