US footwear retailer DSW said net sales for the fourth quarter increased 1% to $332.5m, compared with $329.1m during the same quarter last year.

Same-store sales decreased 1.7% for the comparable 13-week period versus an increase of 1.0% last year.

DSW's net sales for the 52-week year ended 2 February increased 10% to $1.41bn, the company added, with same-store sales down 0.8% for the year.