we have taken steps to align our business operations to better respond to customer needs . we have made it easier for customers to shop at dsw with a number of digital enhancements , including a mobile app , as well as the use of paypal as a secure payment option . we have also given our customer the ability to shop our full assortment by integrating inventory and order fulfillment between our brick and mortar and digital channels . financial summary during fiscal 2015 , we generated a 0.8 % increase in comparable sales and a 5.0 % increase in total sales . this increase compares to a comparable sales increase of 1.8 % for fiscal 2014 . in fiscal 2015 , dsw 's merchandise margin rate , defined as gross profit excluding occupancy and distribution and fulfillment expenses ( a non-gaap measure ) decreased as a percentage of net sales from 43.7 % in fiscal 2014 to 42.8 % in fiscal 2015 . reported net income was $ 136.0 million , or $ 1.54 per diluted share , a decrease of 8.9 % over last year 's reported earnings per share of $ 1.69 per diluted share . the earnings decrease was primarily driven by sales challenges in the fall season attributable to unseasonably warm weather . we have continued making investments in our business that are critical to long-term growth . in fiscal 2015 , we invested $ 111.7 million in capital expenditures compared to $ 93.3 million during fiscal 2014 . our capital expenditures during fiscal 2015 were primarily related to opening 40 new stores , store remodels and business infrastructure . we plan to open approximately 30 to 35 stores in fiscal 2016 . as of january 30 , 2016 , we operated 468 dsw stores , dsw.com and shoe departments in 276 stein mart stores and steinmart.com , 102 gordmans stores and gordmans.com , and one frugal fannie 's store . dsw inc. has two reportable segments : the dsw segment , which includes the dsw stores and dsw.com , and the affiliated business group segment . 19 results of operations the following table represents selected components of our consolidated results of operations , expressed as percentages of net sales : replace_table_token_7_th fiscal year ended january 30 , 2016 ( fiscal 2015 ) compared to fiscal year ended january 31 , 2015 ( fiscal 2014 ) and fiscal 2014 compared to fiscal year ended february 1 , 2014 ( fiscal 2013 ) net sales- net sales for fiscal 2015 increased by 5.0 % from fiscal 2014 and net sales for fiscal 2014 increased by 5.4 % from fiscal 2013 . the following table summarizes the increase in our net sales : replace_table_token_8_th the following table summarizes our net sales by reportable segment and in total : replace_table_token_9_th 20 the following table summarizes our comparable sales change by reportable segment and in total : replace_table_token_10_th fiscal 2015 vs. fiscal 2014- our increase in total net sales for the dsw segment was the result of an increase in comparable sales and non-comparable sales growth . our comparable sales increase includes a 22 % increase in digitally demanded sales . dsw segment comparable sales decreased in our largest business , women 's footwear , by 2 % , increased in men 's footwear by 2 % , increased in athletic footwear by 13 % , and decreased in accessories by 2 % . our non-comparable sales growth is attributable to stores opened in fiscal 2014 , as well as 37 net new dsw stores in fiscal 2015 . the increase in total net sales for our affiliated business group segment was primarily the result of comparable sales growth and the net addition of eight new shoe departments in fiscal 2015. fiscal 2014 vs. fiscal 2013- our increase in total net sales for the dsw segment was the result of an increase in comparable sales and non-comparable sales growth . the increase in comparable sales was a result of an increase in customer traffic . dsw segment comparable sales decreased in our largest business , women 's footwear , by 1 % , increased in men 's footwear by 4 % , increased in accessories by 10 % and in athletic footwear by 5 % . our non-comparable sales growth is attributable to stores opened in fiscal 2013 , as well as 37 new dsw stores in fiscal 2014 . the increase in total net sales for our affiliated business group segment was primarily the result of comparable sales growth and the net addition of 15 new shoe departments in fiscal 2014. gross profit- gross profit is defined as net sales less cost of sales . gross profit decreased as a percentage of net sales to 29.3 % in fiscal 2015 from 30.2 % in fiscal 2014 and 31.2 % in fiscal 2013 . by reportable segment and in total , gross profit as a percentage of net sales was : replace_table_token_11_th in fiscal 2013 , dsw inc. gross profit was negatively impacted by $ 16.5 million related to our luxury test , which was comprised of a sales benefit of $ 18.4 million offset by cost of sales of $ 34.9 million , which include inventory adjustments . for dsw inc. , the reconciliation of gross profit excluding our luxury test was : replace_table_token_12_th 21 for the dsw segment , the reconciliation of merchandise margin ( non-gaap ) to gross profit was : replace_table_token_13_th fiscal 2015 vs. fiscal 2014- dsw segment gross profit decreased 90 basis points while occupancy expenses and distribution and fulfillment expenses were flat year over year . story_separator_special_tag the cost of the inventory reflected on the balance sheet is decreased by charges to cost of sales at the time the retail value of the inventory is lowered through the use of markdowns , which are reductions in prices due to customers ' perception of value . hence , earnings are negatively impacted as the merchandise is marked down prior to sale . markdowns establish a new cost basis for inventory . changes in facts or circumstances do not result in the reversal of previously recorded markdowns or an increase in the newly established cost basis . markdowns require management to make assumptions regarding customer preferences , fashion trends and consumer demand . inherent in the calculation of inventories are certain significant management judgments and estimates , including setting the original merchandise retail value , markdowns , and estimates of losses between physical inventory counts , or shrinkage , which combined with the averaging process within the retail inventory method , can significantly impact the ending inventory valuation at cost and the resulting gross profit . dsw records a reduction to inventories and a charge to cost of sales for shrinkage . shrinkage is calculated as a percentage of sales from the last physical inventory date . estimates are based on both historical experience as well as recent physical inventory results . physical store inventory counts are taken on an annual basis and have supported our shrinkage estimates . if our estimate of shrinkage , on a cost basis , were to increase or decrease 0.5 % as a percentage of dsw inc. net sales , it would result in a decrease or increase of approximately $ 5.1 million to operating profit . investments . our investments are valued using a market-based approach using level 1 , 2 and 3 inputs . we evaluate our investments for impairment and whether impairment is other-than-temporary . based on the nature of the impairment ( s ) , we would record temporary impairments as unrealized losses in other comprehensive loss or other-than-temporary impairments in earnings . the investment is written down to its current market value at the time the impairment is deemed to have occurred . in determining whether impairment has occurred , we review information about the underlying investment that is publicly available and assess our ability to hold the securities for the foreseeable future . we believe that our fair value estimates are reasonable . asset impairment and long-lived assets . we periodically evaluate the carrying amount of our long-lived assets , primarily property and equipment , and finite lived intangible assets when events and circumstances warrant such a review to ascertain if any assets have been impaired . the carrying amount of a long-lived asset or asset group is considered impaired when the carrying value of the asset or asset group exceeds the expected future cash flows from the asset . our reviews are conducted at the lowest identifiable level , which includes a store . the impairment loss recognized is the excess of the carrying amount of the asset or asset group over its fair value , based on projected discounted cash flows using a discount rate determined by management . any impairment loss realized is generally included in cost of sales . we believe that the long-lived assets ' carrying amounts and useful lives are appropriate . to the extent these future projections or our strategies change , the conclusion regarding impairment may differ from our current estimates . customer loyalty program . we maintain a customer loyalty program for dsw in which program members earn reward certificates that result in discounts on future purchases . upon reaching the target-earned threshold , the members receive reward certificates for these discounts , which expire three months after being issued . we accrue the anticipated redemptions of the discount earned at the time of the initial purchase . to estimate these costs , we make assumptions related to customer purchase levels and redemption rates based on historical experience . if our redemption rate were to increase or decrease by 5 % , it would result in an increase or a decrease of approximately $ 1.6 million to the reserve at year end . 28 policy judgments and estimates effect if actual results differ from assumptions income taxes . we determine the aggregate amount of income tax expense to accrue and the amount which will be currently payable based upon tax statutes of each jurisdiction we do business in . deferred tax assets and liabilities , as a result of these timing differences , are reflected on our balance sheet for temporary differences that will reverse in subsequent years . a valuation allowance is established against deferred tax assets when it is more likely than not that some or all of the deferred tax assets will not be realized . in making these estimates , we adjust income based on a determination of generally accepted accounting principles for items that are treated differently by the applicable taxing authorities . if our management had made these determinations on a different basis , our tax expense , assets and liabilities could be different . although we believe that our estimates are reasonable , actual results could differ from these estimates resulting in an outcome that may be materially different from that which is reflected in our consolidated financial statements . stock-based compensation . we recognize compensation expense for stock option awards and time-based restricted stock awards on a straight-line basis over the requisite service period of the award for the awards that actually vest . we use the black-scholes pricing model to value stock-based compensation expense , which requires us to estimate the expected term of the stock options and expected future stock price volatility over the expected term . if our expected term estimate were to increase or decrease by one year , it would not materially impact our operating profit . exit and disposal obligations . we record a

net cash provided by operations in fiscal 2014 decreased to $ 197.0 million from $ 301.4 million for fiscal 2013 . the decrease in net cash provided by operations was driven primarily by changes in working capital , an increase in inventories due to store growth and opportunistic pre-buys , the usage of our net operating losses in fiscal 2013 and the settlement of the pension plan in fiscal 2013. free cash flow is defined as cash flows from operating activities less capital expenditures . the table below represents the free cash flow for the periods presented : replace_table_token_14_th we operate our stores and fulfillment center from leased facilities . all lease obligations are accounted for as operating leases . we disclose the minimum payments due under operating leases in the notes to the consolidated financial statements included elsewhere in this annual report on form 10-k. we own our corporate office headquarters and our distribution center . although our plan for continued expansion could place increased demands on our financial , managerial , operational and administrative resources and result in increased demands on management , we do not believe that our anticipated growth plan will have an unfavorable impact on our operations or liquidity . investing activities for fiscal 2015 , our net cash used in investing activities was $ 31.1 million compared to $ 105.5 million for fiscal 2014 . during fiscal 2015 , we incurred $ 111.7 million for capital expenditures , of which $ 52.3 million related to stores , $ 28.2 million related to technology and the remaining $ 31.2 million related to supply chain and other business projects . during fiscal 2015 , we had net sales of short-term and long-term investments of $ 73.6 million compared to $ 69.8 million during fiscal 2014 . the net sales of investments were to fund our share repurchases and payment of dividends . for fiscal 2014 , cash used in investing activities amounted to $ 105.5 million compared to $ 241.4 million for fiscal 2013 .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash provided by operations in fiscal 2014 decreased to $ 197.0 million from $ 301.4 million for fiscal 2013 . the decrease in net cash provided by operations was driven primarily by changes in working capital , an increase in inventories due to store growth and opportunistic pre-buys , the usage of our net operating losses in fiscal 2013 and the settlement of the pension plan in fiscal 2013. free cash flow is defined as cash flows from operating activities less capital expenditures . the table below represents the free cash flow for the periods presented : replace_table_token_14_th we operate our stores and fulfillment center from leased facilities . all lease obligations are accounted for as operating leases . we disclose the minimum payments due under operating leases in the notes to the consolidated financial statements included elsewhere in this annual report on form 10-k. we own our corporate office headquarters and our distribution center . although our plan for continued expansion could place increased demands on our financial , managerial , operational and administrative resources and result in increased demands on management , we do not believe that our anticipated growth plan will have an unfavorable impact on our operations or liquidity . investing activities for fiscal 2015 , our net cash used in investing activities was $ 31.1 million compared to $ 105.5 million for fiscal 2014 . during fiscal 2015 , we incurred $ 111.7 million for capital expenditures , of which $ 52.3 million related to stores , $ 28.2 million related to technology and the remaining $ 31.2 million related to supply chain and other business projects . during fiscal 2015 , we had net sales of short-term and long-term investments of $ 73.6 million compared to $ 69.8 million during fiscal 2014 . the net sales of investments were to fund our share repurchases and payment of dividends . for fiscal 2014 , cash used in investing activities amounted to $ 105.5 million compared to $ 241.4 million for fiscal 2013 .
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 Suspicious Activity Report : we have taken steps to align our business operations to better respond to customer needs . we have made it easier for customers to shop at dsw with a number of digital enhancements , including a mobile app , as well as the use of paypal as a secure payment option . we have also given our customer the ability to shop our full assortment by integrating inventory and order fulfillment between our brick and mortar and digital channels . financial summary during fiscal 2015 , we generated a 0.8 % increase in comparable sales and a 5.0 % increase in total sales . this increase compares to a comparable sales increase of 1.8 % for fiscal 2014 . in fiscal 2015 , dsw 's merchandise margin rate , defined as gross profit excluding occupancy and distribution and fulfillment expenses ( a non-gaap measure ) decreased as a percentage of net sales from 43.7 % in fiscal 2014 to 42.8 % in fiscal 2015 . reported net income was $ 136.0 million , or $ 1.54 per diluted share , a decrease of 8.9 % over last year 's reported earnings per share of $ 1.69 per diluted share . the earnings decrease was primarily driven by sales challenges in the fall season attributable to unseasonably warm weather . we have continued making investments in our business that are critical to long-term growth . in fiscal 2015 , we invested $ 111.7 million in capital expenditures compared to $ 93.3 million during fiscal 2014 . our capital expenditures during fiscal 2015 were primarily related to opening 40 new stores , store remodels and business infrastructure . we plan to open approximately 30 to 35 stores in fiscal 2016 . as of january 30 , 2016 , we operated 468 dsw stores , dsw.com and shoe departments in 276 stein mart stores and steinmart.com , 102 gordmans stores and gordmans.com , and one frugal fannie 's store . dsw inc. has two reportable segments : the dsw segment , which includes the dsw stores and dsw.com , and the affiliated business group segment . 19 results of operations the following table represents selected components of our consolidated results of operations , expressed as percentages of net sales : replace_table_token_7_th fiscal year ended january 30 , 2016 ( fiscal 2015 ) compared to fiscal year ended january 31 , 2015 ( fiscal 2014 ) and fiscal 2014 compared to fiscal year ended february 1 , 2014 ( fiscal 2013 ) net sales- net sales for fiscal 2015 increased by 5.0 % from fiscal 2014 and net sales for fiscal 2014 increased by 5.4 % from fiscal 2013 . the following table summarizes the increase in our net sales : replace_table_token_8_th the following table summarizes our net sales by reportable segment and in total : replace_table_token_9_th 20 the following table summarizes our comparable sales change by reportable segment and in total : replace_table_token_10_th fiscal 2015 vs. fiscal 2014- our increase in total net sales for the dsw segment was the result of an increase in comparable sales and non-comparable sales growth . our comparable sales increase includes a 22 % increase in digitally demanded sales . dsw segment comparable sales decreased in our largest business , women 's footwear , by 2 % , increased in men 's footwear by 2 % , increased in athletic footwear by 13 % , and decreased in accessories by 2 % . our non-comparable sales growth is attributable to stores opened in fiscal 2014 , as well as 37 net new dsw stores in fiscal 2015 . the increase in total net sales for our affiliated business group segment was primarily the result of comparable sales growth and the net addition of eight new shoe departments in fiscal 2015. fiscal 2014 vs. fiscal 2013- our increase in total net sales for the dsw segment was the result of an increase in comparable sales and non-comparable sales growth . the increase in comparable sales was a result of an increase in customer traffic . dsw segment comparable sales decreased in our largest business , women 's footwear , by 1 % , increased in men 's footwear by 4 % , increased in accessories by 10 % and in athletic footwear by 5 % . our non-comparable sales growth is attributable to stores opened in fiscal 2013 , as well as 37 new dsw stores in fiscal 2014 . the increase in total net sales for our affiliated business group segment was primarily the result of comparable sales growth and the net addition of 15 new shoe departments in fiscal 2014. gross profit- gross profit is defined as net sales less cost of sales . gross profit decreased as a percentage of net sales to 29.3 % in fiscal 2015 from 30.2 % in fiscal 2014 and 31.2 % in fiscal 2013 . by reportable segment and in total , gross profit as a percentage of net sales was : replace_table_token_11_th in fiscal 2013 , dsw inc. gross profit was negatively impacted by $ 16.5 million related to our luxury test , which was comprised of a sales benefit of $ 18.4 million offset by cost of sales of $ 34.9 million , which include inventory adjustments . for dsw inc. , the reconciliation of gross profit excluding our luxury test was : replace_table_token_12_th 21 for the dsw segment , the reconciliation of merchandise margin ( non-gaap ) to gross profit was : replace_table_token_13_th fiscal 2015 vs. fiscal 2014- dsw segment gross profit decreased 90 basis points while occupancy expenses and distribution and fulfillment expenses were flat year over year . story_separator_special_tag the cost of the inventory reflected on the balance sheet is decreased by charges to cost of sales at the time the retail value of the inventory is lowered through the use of markdowns , which are reductions in prices due to customers ' perception of value . hence , earnings are negatively impacted as the merchandise is marked down prior to sale . markdowns establish a new cost basis for inventory . changes in facts or circumstances do not result in the reversal of previously recorded markdowns or an increase in the newly established cost basis . markdowns require management to make assumptions regarding customer preferences , fashion trends and consumer demand . inherent in the calculation of inventories are certain significant management judgments and estimates , including setting the original merchandise retail value , markdowns , and estimates of losses between physical inventory counts , or shrinkage , which combined with the averaging process within the retail inventory method , can significantly impact the ending inventory valuation at cost and the resulting gross profit . dsw records a reduction to inventories and a charge to cost of sales for shrinkage . shrinkage is calculated as a percentage of sales from the last physical inventory date . estimates are based on both historical experience as well as recent physical inventory results . physical store inventory counts are taken on an annual basis and have supported our shrinkage estimates . if our estimate of shrinkage , on a cost basis , were to increase or decrease 0.5 % as a percentage of dsw inc. net sales , it would result in a decrease or increase of approximately $ 5.1 million to operating profit . investments . our investments are valued using a market-based approach using level 1 , 2 and 3 inputs . we evaluate our investments for impairment and whether impairment is other-than-temporary . based on the nature of the impairment ( s ) , we would record temporary impairments as unrealized losses in other comprehensive loss or other-than-temporary impairments in earnings . the investment is written down to its current market value at the time the impairment is deemed to have occurred . in determining whether impairment has occurred , we review information about the underlying investment that is publicly available and assess our ability to hold the securities for the foreseeable future . we believe that our fair value estimates are reasonable . asset impairment and long-lived assets . we periodically evaluate the carrying amount of our long-lived assets , primarily property and equipment , and finite lived intangible assets when events and circumstances warrant such a review to ascertain if any assets have been impaired . the carrying amount of a long-lived asset or asset group is considered impaired when the carrying value of the asset or asset group exceeds the expected future cash flows from the asset . our reviews are conducted at the lowest identifiable level , which includes a store . the impairment loss recognized is the excess of the carrying amount of the asset or asset group over its fair value , based on projected discounted cash flows using a discount rate determined by management . any impairment loss realized is generally included in cost of sales . we believe that the long-lived assets ' carrying amounts and useful lives are appropriate . to the extent these future projections or our strategies change , the conclusion regarding impairment may differ from our current estimates . customer loyalty program . we maintain a customer loyalty program for dsw in which program members earn reward certificates that result in discounts on future purchases . upon reaching the target-earned threshold , the members receive reward certificates for these discounts , which expire three months after being issued . we accrue the anticipated redemptions of the discount earned at the time of the initial purchase . to estimate these costs , we make assumptions related to customer purchase levels and redemption rates based on historical experience . if our redemption rate were to increase or decrease by 5 % , it would result in an increase or a decrease of approximately $ 1.6 million to the reserve at year end . 28 policy judgments and estimates effect if actual results differ from assumptions income taxes . we determine the aggregate amount of income tax expense to accrue and the amount which will be currently payable based upon tax statutes of each jurisdiction we do business in . deferred tax assets and liabilities , as a result of these timing differences , are reflected on our balance sheet for temporary differences that will reverse in subsequent years . a valuation allowance is established against deferred tax assets when it is more likely than not that some or all of the deferred tax assets will not be realized . in making these estimates , we adjust income based on a determination of generally accepted accounting principles for items that are treated differently by the applicable taxing authorities . if our management had made these determinations on a different basis , our tax expense , assets and liabilities could be different . although we believe that our estimates are reasonable , actual results could differ from these estimates resulting in an outcome that may be materially different from that which is reflected in our consolidated financial statements . stock-based compensation . we recognize compensation expense for stock option awards and time-based restricted stock awards on a straight-line basis over the requisite service period of the award for the awards that actually vest . we use the black-scholes pricing model to value stock-based compensation expense , which requires us to estimate the expected term of the stock options and expected future stock price volatility over the expected term . if our expected term estimate were to increase or decrease by one year , it would not materially impact our operating profit . exit and disposal obligations . we record a

