DSW to Purchase Ebuys

DSW Inc. agreed to buy online shoe retailer Ebuys Inc. for an up-front payment of $62.5 million, in a bid to expand its online presence and grow its business abroad. Ebuys, the parent of retail sites ShoeMetro and ApparelSave, is also eligible for additional payments based on its future performance. DSW sells shoes and accessories with 469 stores throughout the U.S. and Puerto Rico. San Diego-based Ebuys sells discount shoes and accessories in North America, Europe, Australia and Asia.