DSW's stock rose more than 20 percent on the pre-market Tuesday after it released quarterly results that slightly outperformed analysts' expectations.
DSW also said it would close its 38 Canadian-based Township stores to focus on its three largest retailers: Shoe Company, Shoe Warehouse and DSW Designer Shoe Warehouse. The company said the consolidation will be "slightly positive" this year.
The company's shares were in flames this year. On Tuesday, the stock rose by 27 percent for 201