COLUMBUS, Ohio, Aug. 17, 2016 /PRNewswire/ -- DSW Inc. (NYSE:
DSW), a leading branded footwear and accessories retailer in
North America, is pleased to
announce the signing of Apparel Group as its exclusive franchise
partner in the Gulf Coast. The agreement will expand DSW into
Saudi Arabia, Bahrain, Qatar, Kuwait, United Arab
Emirates and Oman and with
40 stores across the territory, with the first stores opening in
2017.
DSW's international stores will showcase the huge variety of
styles at competitive prices within the convenient open shopping
environment that DSW customers have come to expect. The stores in
the Middle East will be in both
malls and on high street locations, with the initial stores
averaging approximately 15,000 square feet and offering
approximately 2,000 choices per store.
Simon Nankervis, DSW's Chief
Commercial Officer stated, "We are thrilled to bring DSW to new
markets outside North America. DSW
fills white space for fashion-minded consumers in the Middle East with our wide range of
international brands at compelling value. We are excited to work
with the Apparel Group, who has a track record of introducing and
successfully developing international brands across the
Middle East."
Nilesh Ved, Founder and Chairman,
Apparel Group commented, "We look forward to launching our
partnership with DSW in the Gulf region. There is a strong demand
for the DSW brand in this market. With DSW's compelling merchandise
and brand recognition, coupled with our group's marketing expertise
and knowledge of the customer, we will create an incredible
experience in footwear retailing in the region."
He further added, "We have expanded tremendously in 2016 and
have added almost 10 new international brands to our portfolio this
year. This agreement with DSW is yet another important milestone as
we continue to focus on accelerating our retail expansion in the
region."
About DSW Inc.
DSW operates 480 stores in 42 states and operates an ecommerce
site, http://www.dsw.com, and a mobile site, http://m.dsw.com. DSW
also supplies footwear to 387 locations in the United States operated by Steinmart,
Gordman's and Frugal Fannie's under its Affiliate Business Group.
Through its partial ownership of Town Shoes of Canada, DSW also operates 17 stores in
Canada.
For store locations and additional information about DSW, visit
http://www.dswinc.com. Follow DSW on Facebook at
http://www.facebook.com/DSW, on Instagram at
http://www.instagram.com/dswshoelovers, and on Twitter at
http://www.twitter.com/DSWShoeLovers.
About The Apparel Group:
Apparel Group is a global fashion and lifestyle retail
conglomerate residing at the crossroads of the modern economy –
Dubai, United Arab Emirates.
Today, Apparel Group caters to thousands of eager shoppers through
65 international brands that it represents, with 13,000
multi-cultural staff serving 1,300+ stores spread over four
continents. The Dubai-based
multi-retail conglomerate that began with just one brand in 1999 is
now aiming to have 1500 stores by end 2016.
Apparel group has carved its strong presence not only in the
UAE, Kuwait, Qatar, Bahrain, Oman, and Saudi
Arabia but opened thriving gateways to market in
India, South Africa, Singapore, Jordan, Indonesia, Thailand and Malaysia. Additionally, clear strategies are
in place to enter markets such as Iraq, Egypt
and the broader African continent. Apparel Group operates brands
from around the world originating from USA, Canada,
Europe, Asia and includes leading names such as
Tommy Hilfiger, Aldo, Nine West,
Skechers, Aeropostale, The Children's Place, Tim Hortons, Charles & Keith to name a few.
The Apparel Group owes its amazing growth to the vision and
guidance of its dynamic Chairman, Nilesh
Ved, who has taken the company from strength to strength
since its inception 17 years ago. For more information, visit
www.appareluae.com.
Photo - http://photos.prnewswire.com/prnh/20140507/85698
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dsw-inc-to-open-new-stores-in-the-middle-east-300314731.html
SOURCE DSW Inc.