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DSW to Purchase Ebuys in Bid to Expand Online Business

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Footwear and accessories retailer DSW has announced it has purchased off-price e-commerce retailer Ebuys for an upfront payment of $62.5 million.

The move comes as DSW looks to expand its online presence and increase business abroad, and the company said it expects the acquisition to add modestly to its per-share earnings this year. The deal is expected to close within the next 30 days.

Read more at Vamp.

 

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