A tax asset revaluation sent DBI’s Q4 net income up more than three-fold to $45,110,000 from $14,411,000 on revenues that declined 8% to $760,546,000 from $822,626,000, pulled down by 10% lower sales at DSW’s U.S. stores. The family shoe banner’s top line shrunk 10% to $648.3 million on pressured consumer spending as stores comped down 8.1%, lapping a 36.3% gain. DSW lost athletic footwear sales in the quarter from not increasing promotions to the level of competitors, choosing instead to increase promotions in the seasonal category. Successful sneaker inventory management heading ... Log in to view full article.