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<SEC-DOCUMENT>0000950123-05-008003.txt : 20050630
<SEC-HEADER>0000950123-05-008003.hdr.sgml : 20050630
<ACCEPTANCE-DATETIME>20050629210255
ACCESSION NUMBER:		0000950123-05-008003
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20050630
DATE AS OF CHANGE:		20050629
EFFECTIVENESS DATE:		20050630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DSW Inc.
		CENTRAL INDEX KEY:			0001319947
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-SHOE STORES [5661]
		IRS NUMBER:				310746639
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0129

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-126244
		FILM NUMBER:		05926531

	BUSINESS ADDRESS:	
		STREET 1:		4150 EAST 5TH AVENUE
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219
		BUSINESS PHONE:		(614) 237-7100

	MAIL ADDRESS:	
		STREET 1:		4150 EAST 5TH AVENUE
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>y10445sv8.htm
<DESCRIPTION>FORM S-8
<TEXT>
<HTML>
<HEAD>
<TITLE>S-8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt"><B>As filed with the Securities and Exchange Commission on June&nbsp;30, 2005</B>



<P align="right" style="font-size: 10pt"><B>Registration No.&nbsp;333-</B>



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>

<DIV align="center" style="font-size: 10pt"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></DIV>


<P align="center" style="font-size: 24pt"><B>DSW Inc.</B>


<DIV align="center" style="font-size: 10pt"><I>(Exact name of registrant as specified in its charter)</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Ohio</B><BR>
<I>(State or Other Jurisdiction of Incorporation or Organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>31-0746639</B><BR>
<I>(I.R.S. Employer Identification No.)</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><B>______________</B>



<P align="center" style="font-size: 10pt"><B>4150 East 5<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Avenue<BR>
Columbus, OH 43224</B><BR>
<I>(Address of principal executive offices)</I>



<P align="center" style="font-size: 10pt"><B>DSW Inc. 2005 Equity Incentive Plan</B><BR>
<I>(Full title of the plan)</I><BR>
<B>______________</B>



<P align="center" style="font-size: 10pt"><B>Julia A. Davis<BR>
General Counsel<BR>
3241 Westerville Road<BR>
Columbus, Ohio 43224<BR>
Tel.: (614)&nbsp;471-4722</B><BR>
<I>(Name and address, including zip code, and telephone number, including area code, of agent for service)</I>



<P align="center" style="font-size: 10pt"><B><I>Copies to:</I></B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Robert M. Chilstrom<BR>
Skadden, Arps, Slate, Meagher &#038; Flom LLP<BR>
Four Times Square<BR>
New York, New York 10036-6522<BR>
(212)&nbsp;735-3000</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Susan E. Brown<BR>
52 East Gay Street<BR>
P.O. Box 1008<BR>
Columbus, OH 43216<BR>
(614)&nbsp;464-6400</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><B>______________</B>



<P align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 1px">
    <TD width="1%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="21" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of each class of securities to</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount to be</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>offering price per</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>aggregate offering</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>be registered</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registered</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>share</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>price</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registration fee</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Class&nbsp;A Common
Shares, without par
value</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" nowrap align="center" style="border-top: 1px solid #000000">4,600,000 shares</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$19.00</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
     <TD align="left" style="border-top: 1px solid #000000">&nbsp;&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$87,400,000</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$10,287</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="21" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<TABLE width="100%" border="0" cellpadding="3" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Represents the number of Common Shares initially issuable under the DSW Inc. 2005 Equity
Incentive Plan (the &#147;Plan&#148;). Pursuant to Rule 416(a) under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;), this registration statement also covers additional shares of
DSW Inc. (the &#147;Registrant&#148;) that may become issuable under the Plan by reason of certain
corporate transactions or events, including any stock dividend, stock split, recapitalization
or any other similar transaction effected without the receipt of consideration that results in
an increase in the number of the Registrant&#146;s outstanding shares of Class&nbsp;A Common Shares (the
&#147;Common Shares&#148;).</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(h)
under the Securities Act, based on the Registrant&#146;s initial public offering price of $19.00, the
price at which stock options, restricted stock, stock units, restricted stock units, performance
shares, performance units, stock appreciate rights and performance-based awards were initially
granted under the Plan.</TD>
</TR>

</TABLE>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">








<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="y10445exv5w1.htm">EX-5.1: OPINION OF VORYS, SATER, SEYMOUR AND PEASE LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="y10445exv23w1.txt">EX-23.1: CONSENT OF DELOITTE & TOUCHE LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="y10445exv24w1.txt">EX-24.1: POWERS OF ATTORNEY</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has prepared this registration statement in accordance with the requirements of
Form S-8 under the Securities Act to register Common Shares issuable pursuant to the Plan. The
information called for by Part&nbsp;I of this registration statement (the &#147;Part&nbsp;I Information&#148;) in
respect of the 4,600,000 Common Shares initially issuable pursuant to the Plan is included in the
description of the Plan contained in the documents made available to participants in the Plan as
specified by Rule&nbsp;428(b)(1) under the Securities Act. The Part&nbsp;I Information is not filed with the
Securities and Exchange Commission (the &#147;Commission&#148;) either as part of this registration statement
or as prospectuses or prospectus supplements pursuant to the note to Part&nbsp;I of Form S-8 and Rule
424 of the Securities Act.

<!-- link1 "INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>


<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents previously filed with the Commission are incorporated by reference in
this registration statement:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Registrant&#146;s prospectus filed with the Commission on June&nbsp;30,
2005 pursuant to Rule 424(b) under the Securities Act and forming a part of the
Registrant&#146;s registration statement on Form S-1 (file no. 333-123289), which
prospectus contains audited financial statements for the Registrant&#146;s latest
fiscal year for which such statements have been filed; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the description of the Registrant&#146;s Common Shares which is contained
in the Registrant&#146;s registration statement on Form 8-A filed with the Commission
on June&nbsp;23, 2005 (file no. 001-32545) under the Securities and Exchange Act of
1934, as amended (the &#147;Exchange Act&#148;), including any amendment or report filed for
the purpose of updating such description.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this registration
statement that indicates that all securities offered have been sold or that deregisters all
securities then remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be part hereof from the date of filing of such documents.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified, superseded or replaced for purposes of this registration
statement to the extent that a statement contained in this registration statement, or in any other
subsequently filed document that also is or is deemed to be incorporated by reference herein
modifies, supersedes or replaces such prior statement. Any statement contained in this
registration statement shall be deemed to be modified, superseded or replaced to the extent that a
statement contained in a subsequently filed document that is or is deemed to be incorporated by
reference in this registration statement modifies or supersedes such prior statement. Any
statement so modified, superseded or replaced shall not be deemed, except as so modified,
superseded or replaced, to constitute a part of this registration statement.

<!-- link2 "Item&nbsp;4. Description of Securities" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4. Description of Securities.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;<B><I>Ohio Law</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Section&nbsp;1701.13(E) of the Ohio Revised Code, an Ohio corporation is permitted to
indemnify directors, officers and other persons under certain circumstances. In some
circumstances, an Ohio corporation is required to indemnify directors and officers.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Ohio corporation is required to indemnify a director or officer against expenses actually
and reasonably incurred to the extent that the director or officer is successful in defending a
lawsuit brought against him or her by reason of the fact that the director or officer is or was a
director or officer of the corporation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a director or officer is not successful in an action brought against the director or
officer, he or she still may be indemnified under certain circumstances. In actions brought
against a director or officer by any person (other than the corporation or on behalf of the
corporation), the defendant director or officer may be indemnified for expenses, judgments, fines
and amounts paid in settlement if it is determined that the defendant was acting in good faith, in
a manner he reasonably believed to be in or not opposed to the best interests of the corporation,
and in a criminal proceeding, that he or she had no reasonable cause to believe his or her conduct
was unlawful. The determination of whether to indemnify an unsuccessful director or officer may be
made by any of the following: (i)&nbsp;a majority vote of a quorum of disinterested directors; (ii)
independent legal counsel; (iii)&nbsp;the shareholders; or (iv)&nbsp;a court of competent jurisdiction.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a director or officer is not successful in an action brought by or on behalf of the
corporation against the director or officer, the defendant director or officer may be indemnified
only for expenses if it is determined that the defendant was acting in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the corporation. In an
action brought by or behalf of the corporation, if the director or officer is adjudged to be liable
for negligence or misconduct, no indemnification for expenses is permitted unless authorized by
court order. Similarly, if a director is not successful in an action brought by or on behalf of
the corporation against a director where the only liability asserted is for authorizing unlawful
loans, dividends, distributions or purchase of the corporation&#146;s own shares, no indemnification for
expenses is permitted under the statute.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise provided in the articles or regulation of a corporation and unless the only
liability asserted against a director is for authorizing unlawful loans, dividends, distributions
or purchase of the corporation&#146;s own shares, directors (but not any other person) are entitled to
mandatory advancement of expenses incurred in defending any action, including derivative actions,
brought against the director, provided that the director agrees to cooperate with the corporation
concerning the matter and to repay the amount advanced if it is proved by clear and convincing
evidence that his or her act or failure to act was done with deliberate intent to cause injury to
the corporation or with reckless disregard to the corporation&#146;s best interests.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Ohio law, a director is not liable for monetary damages unless it is proved by
clear and convincing evidence in a court of competent jurisdiction that his or her action or
failure to act involved an act or omission undertaken with deliberate intent to cause injury to the
corporation or undertaken with reckless disregard for the best interests of the corporation. There
is, however, no comparable provision limiting the liability of officers, employees or agents of a
corporation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The statutory right of indemnification is not exclusive in Ohio, and a corporation may, among
other things, grant rights to indemnification under the corporation&#146;s articles, code of regulation
or agreements. Ohio corporations are also specifically authorized to procure insurance against any
liability that may be asserted against directors and officers, whether or not the corporation would
have the power to indemnify such officials.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;<B><I>Code of Regulations</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;Five of the Registrant&#146;s code of regulations contains certain indemnification
provisions adopted pursuant to authority contained in Section&nbsp;1701.13(E) of the Ohio Revised Code.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s code of regulations provides for the indemnification of every person who was
or is a party or is threatened to be made a party to, or is or was involved or is threatened to be
involved in, any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, arbitrative, administrative or investigative, by reason of the fact that such person is
or was a director or officer of the corporation or is or was serving at the request of the
corporation as a director, trustee, officer, partner, member or manager, of another corporation,
limited liability company, partnership, joint venture, trust, employee benefit plan or other
enterprise, against all expenses, judgments, fines, excise taxes assessed with respect to an
employee benefit plan, penalties and amounts paid in settlement actually and reasonably incurred by
such person in connection with any proceeding, if he or she acted in good faith and in a manner in
which he or she reasonably believed to be in and not opposed to the best interests of the
corporation, and, with respect to any criminal proceeding, he or she did not have reasonable cause
to believe that his or her conduct was unlawful.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Registrant&#146;s code of regulations provides that the Registrant shall not
provide indemnification for any person (i)&nbsp;in such person&#146;s capacity as a director of the
Registrant in respect of any claim, issue or matter asserted in a proceeding by or in the right of
the corporation as to which such person shall have been adjudged liable to the Registrant for an
act or omission undertaken by such person with deliberate intent to cause injury to the corporation
or with reckless disregard for the Registrant&#146;s best interests, (ii)&nbsp;in such person&#146;s capacity
other than that of a director of the Registrant in respect of any claim, issue or matter asserted
in a proceeding by or in light of the Registrant as to which the indemnitee shall have been
adjudged to be liable to the corporation for negligence or misconduct, or (iii)&nbsp;in any proceeding
by or in the right of the corporation in which the only liability asserted relates to the
authorization of unlawful loans, dividends, distributions or repurchase of the Registrant&#146;s own
shares, absent a court order.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;<B><I>Indemnification Agreements</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant will enter into indemnification agreements with its directors and executive
officers. Pursuant to the indemnification agreements, the Registrant will agree to indemnify an
indemnitee to the greatest extent permitted by Ohio law as set forth above and in its code of
regulations. Notwithstanding the foregoing, an indemnitee will not be entitled to indemnification
under the indemnification agreement:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#149; with respect to any claim brought or made by an indemnitee in a proceeding, unless the
bringing or making of such claim has been approved or ratified by the board of directors; provided,
however, that the foregoing does not apply to any claim brought or made by an indemnitee to enforce
a right of an indemnitee under the indemnification agreement;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#149; for expenses incurred by an indemnitee with respect to any action instituted by or in the
name of the Registrant against the indemnitee, if and to the extent that a court of competent
jurisdiction declares or otherwise determines in a final, unappealable judgment that each of the
material defenses asserted by such indemnitee was made in bad faith or was frivolous;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#149; for expenses and other liabilities arising from the purchase and sale by an indemnitee of
securities in violation of Section 16(b) of the Exchange Act or any similar state or successor
statute; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#149; for expenses and other liabilities if and to the extent that a court of competent
jurisdiction declares or otherwise determines in a final, unappealable judgment that the Registrant
is prohibited by applicable law from making such indemnification payment or that such
indemnification payment is otherwise unlawful.





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;<B><I>Insurance</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Registrant will provide insurance coverage to its directors and officers
against certain liabilities which might be incurred by them in such capacity. Initially, such
insurance coverage will be provided through a shared services agreement to be entered into with
Retail Ventures, Inc., an Ohio Corporation.

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8. Exhibits.</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B><U>Exhibit No.</U></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B><U>Description</U></B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Amended Articles of Incorporation. Incorporated by reference to
the Registrant&#146;s registration statement on Form&nbsp;S-1, as amended (file
no. 333-123289), originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Amended and Restated Code of Regulations. Incorporated by
reference to the Registrant&#146;s registration statement on Form&nbsp;S-1, as
amended (file no. 333-123289), originally filed with the Commission on
March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Class&nbsp;A Common Shares Temporary Certificate. Incorporated by reference
to the Registrant&#146;s registration statement on Form&nbsp;S-1, as amended (file
no. 333-123289), originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Registration Rights Agreement, dated June&nbsp;11, 2002,
by and among Value City Department Stores, Inc. and Cerberus Partners,
L.P. and Schottenstein Stores Corporation. Incorporated by reference to
Exhibit&nbsp;10.4 to Retail Ventures, Inc.&#146;s Form&nbsp;10-Q (file no. 1-10767),
originally filed with the Commission on June&nbsp;18, 2002.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Registration Rights Agreement by and among DSW Inc.,
Schottenstein Stores Corporation, Cerberus Partners, L.P. and Back Bay
Capital Funding LLC. Incorporated by reference to the Registrant&#146;s
registration statement on Form&nbsp;S-1, as amended (file no. 333-123289),
originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Exchange Agreement by and between Retail Ventures, Inc. and DSW
Inc. Incorporated by reference to the Registrant&#146;s registration
statement on Form&nbsp;S-1, as amended (file no. 333-123289), originally
filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Vorys, Sater, Seymour and Pease LLP.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte &#038; Touche LLP.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Vorys, Sater, Seymour and Pease LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DSW Inc. 2005 Equity Incentive Plan, forms of related award
agreements and other documents. Incorporated by reference to the
Registrant&#146;s registration statement on Form&nbsp;S-1, as amended (file no.
333-123289), originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

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<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Undertakings.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement to include any material
information with respect to the plan of distribution not previously disclosed in
the registration statement or any material change to such information in the
registration statement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the offering.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to section 13(a)
or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plan&#146;s annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by
reference in the registration statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial <I>bona fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be
governed by the final adjudication of such issue.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in City of Columbus, State of Ohio, on June&nbsp;30, 2005.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">DSW Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Douglas J. Probst</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Douglas J. Probst</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Chief Financial<BR>
Officer and Treasurer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed below by the following persons in the capacities indicated on June&nbsp;30, 2005:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B><U>Signature</U></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B><U>Title</U></B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">*
<HR size="1" noshade color="#000000">
Jay L. Schottenstein</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Chairman of the Board of Directors and
Chief Executive Officer (Principal
Executive Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ Douglas J. Probst
<HR size="1" noshade color="#000000">
Douglas J. Probst</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Senior Vice President, Chief Financial
Officer and Treasurer (Principal Financial
Officer and Principal Accounting Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">*
<HR size="1" noshade color="#000000">
Heywood Wilansky</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">*
<HR size="1" noshade color="#000000">
Carolee Friedlander</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">*
<HR size="1" noshade color="#000000">
Philip B. Miller</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">*
<HR size="1" noshade color="#000000">
James D. Robbins</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">*
<HR size="1" noshade color="#000000">
Harvey L. Sonnenberg</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">*
<HR size="1" noshade color="#000000">
Allan J. Tanenbaum</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="59%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">*By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Douglas J. Probst
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD colspan="3" valign="top" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas J. Probst</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attorney-in-fact</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

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<DIV align="left"><A NAME="010"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B><U>Exhibit No.</U></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B><U>Description</U></B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Amended Articles of Incorporation. Incorporated by reference to
the Registrant&#146;s registration statement on Form&nbsp;S-1, as amended (file
no. 333-123289), originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Amended and Restated Code of Regulations. Incorporated by
reference to the Registrant&#146;s registration statement on Form&nbsp;S-1, as
amended (file no. 333-123289), originally filed with the Commission on
March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Class&nbsp;A Common Shares Temporary Certificate. Incorporated by reference
to the Registrant&#146;s registration statement on Form&nbsp;S-1, as amended (file
no. 333-123289), originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Registration Rights Agreement, dated June&nbsp;11, 2002,
by and among Value City Department Stores, Inc. and Cerberus Partners,
L.P. and Schottenstein Stores Corporation. Incorporated by reference to
Exhibit&nbsp;10.4 to Retail Ventures, Inc.&#146;s Form&nbsp;10-Q (file no. 1-10767),
originally filed with the Commission on June&nbsp;18, 2002.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Registration Rights Agreement by and among DSW Inc.,
Schottenstein Stores Corporation, Cerberus Partners, L.P. and Back Bay
Capital Funding LLC. Incorporated by reference to the Registrant&#146;s
registration statement on Form&nbsp;S-1, as amended (file no. 333-123289),
originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Exchange Agreement by and between Retail Ventures, Inc. and DSW
Inc. Incorporated by reference to the Registrant&#146;s registration
statement on Form&nbsp;S-1, as amended (file no. 333-123289), originally
filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Vorys, Sater, Seymour and Pease LLP.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte &#038; Touche LLP.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Vorys, Sater, Seymour and Pease LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DSW Inc. 2005 Equity Incentive Plan forms of related award
agreements and other documents. Incorporated by reference to the
Registrant&#146;s registration statement on Form&nbsp;S-1, as amended (file no.
333-123289), originally filed with the Commission on March&nbsp;14, 2005.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>y10445exv5w1.htm
<DESCRIPTION>EX-5.1: OPINION OF VORYS, SATER, SEYMOUR AND PEASE LLP
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="right" style="font-size: 10pt"><B>EXHIBIT 5.1</B>



<P align="center" style="font-size: 10pt">OPINION AND CONSENT OF VORYS, SATER, SEYMOUR AND PEASE LLP



<P align="left" style="font-size: 10pt; margin-left: 50%">June 30, 2005


<P align="left" style="font-size: 10pt">DSW Inc.<BR>
4150 East 5th Avenue<BR>
Columbus, Ohio 43219


<P align="left" style="font-size: 10pt">Ladies and Gentlemen:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="96%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Re:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DSW Inc. &#150; Registration Statement for Offering of 4,600,000
Class&nbsp;A Common Shares</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Dear Ladies and Gentlemen:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have acted as Ohio counsel to DSW Inc., an Ohio corporation (the &#147;Company&#148;), in connection
with the registration on Form S-8 (the &#147;Registration Statement&#148;) under the Securities Act of 1933,
as amended, of 4,600,000 Class&nbsp;A common shares, without par value, of the Company (the &#147;Common
Shares&#148;) for issuance under the DSW Inc. 2005 Equity Incentive Plan (the &#147;2005 Plan&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion is being furnished in accordance with the requirements of Item&nbsp;8 of Form S-8 and
Item&nbsp;601(b)(5)(i) of Regulation&nbsp;S-K.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have reviewed such documents, records and matters of law as we have deemed necessary for
purposes of this opinion letter. Based on such review, we are of the opinion that, if, as and when
the Common Shares are issued and sold (and the consideration therefor received) pursuant to the
provisions of the 2005 Plan and in accordance with the Registration Statement, such Common Shares
will be duly authorized, legally issued, fully paid and nonassessable.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We consent to the filing of this opinion letter as Exhibit&nbsp;5 to the Registration Statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion letter is rendered as of the date first written above, and we disclaim any
obligation to advise you of facts, circumstances, events or developments which hereafter may be
brought to our attention and which may alter, affect or modify the opinion expressed herein. Our
opinion is expressly limited to the matters set forth above, and we render no opinion, whether by
implication or otherwise, as to any other matters relating to the Company, the 2005 Plan, or the
Common Shares issuable under the 2005 Plan.


<P align="left" style="font-size: 10pt; margin-left: 50%">Very truly yours,


<P align="left" style="font-size: 10pt; margin-left: 50%">/S/ VORYS, SATER, SEYMOUR AND PEASE LLP



<P align="center" style="font-size: 10pt">
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>y10445exv23w1.txt
<DESCRIPTION>EX-23.1: CONSENT OF DELOITTE & TOUCHE LLP
<TEXT>
<PAGE>
           CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We consent to the incorporation by reference in this Registration Statement on
Form S-8 of our report dated May 5, 2005 (May 27, 2005 as to Notes 7 and 9)
(which expresses an unqualified opinion and includes and explanatory paragraph
for the adoption of Statement of Financial Accounting Standards No. 142,
Goodwill and Other Intangible Assets effective February 3, 2002) related to the
financial statements and financial statement schedule of DSW Inc. as of
January 29, 2005 and January 31, 2004 and for the years ended January 29, 2005,
January 31, 2004 and February 1, 2003 appearing in Registration Statement No.
333-123289 of DSW Inc. on Form S-1.



/S/ Deloitte and Touche LLP
- -----------------------
Deloitte and Touche LLP
Columbus, Ohio
June 28, 2005
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>4
<FILENAME>y10445exv24w1.txt
<DESCRIPTION>EX-24.1: POWERS OF ATTORNEY
<TEXT>
<PAGE>
                                                                    Exhibit 24.1

                                POWER OF ATTORNEY

      We, the undersigned directors and officers of DSW Inc. (the "Company"),
and each of us, do hereby constitute and appoint Douglas J. Probst and Julia A.
Davis, or either of them, our true and lawful attorneys-in-fact and agents, each
with full power of substitution, to do any and all acts and things in our name
and on our behalf in our capacities as directors and officers of the Company and
to execute any and all instruments for us and in our names in the capacities
indicated below, which said attorneys-in-fact or agents, or any of them, may
deem necessary or advisable to enable the Company to comply with the Securities
Act of 1933, as amended, and any rules, regulations and requirements of the
Securities and Exchange Commission, in connection with the filing of the
Company's registration statement on Form S-8, including specifically but without
limitation, power and authority to sign for us or any of us in our names in the
capacities indicated below for the Company, any and all amendments (including
post-effective amendments) to such registration statement; and we do hereby
ratify and confirm all that said attorneys and agents, or their substitute or
substitutes, or any of them, shall do or cause to be done by virtue hereof.

<TABLE>
<CAPTION>
        SIGNATURE                           TITLE                       DATE
        ---------                           -----                       ----
<S>                        <C>                                     <C>
/s/ Jay L. Schottenstein    Chairman of the Board of Directors     June 24, 2005
- ------------------------       and Chief Executive Officer
 Jay L. Schottenstein         (Principal Executive Officer)

 /s/ Douglas J. Probst         Senior Vice President, Chief
- ------------------------      Financial Officer and Treasurer      June 24, 2005
  Douglas J. Probst          (Principal Financial Officer and
                               Principal Accounting Officer)

  /s/ Heywood Wilansky                   Director                  June 24, 2005
- ------------------------
    Heywood Wilansky

/s/ Carolee Friedlander                  Director                  June 24, 2005
- ------------------------
  Carolee Friedlander

  /s/ Philip B. Miller                   Director                  June 24, 2005
- ------------------------
    Philip B. Miller

  /s/ James D. Robbins                   Director                  June 24, 2005
- ------------------------
    James D. Robbins

/s/ Harvey L. Sonnenberg                 Director                  June 24, 2005
- ------------------------
  Harvey L. Sonnenberg

 /s/ Allan J. Tanenbaum                  Director                  June 24, 2005
- ------------------------
   Allan J. Tanenbaum
</TABLE>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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