All Designer Brands articles
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ArticleFootwear stocks treaded water in a quarter marked by shareholder activism
The prices of stocks monitored by Shoe Intelligence grew by 1.3 percent on average in the first quarter of 2024, compared with the previous three months, in very volatile trade. The quarter was marked by shareholder activism. Tabor Asset Management, a US investment company that has a 1.1 percent stake ...
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ArticleDesigner Brands hit by a weaker footwear market
Designer Brands reported a decline in fourth-quarter sales due to a deterioration of the footwear market in North America. When announcing the results for the quarter ending on Feb. 3, the CEO, Doug Howe, said that the footwear company enjoyed a rebound in the latter part of the period but ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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News briefs
Designer Brands appoints a former Deckers executive as brands president
Andrea O’Donnell has been appointed brands president and executive vice president of Designer Brands, effective Jan. 29. O’Donnell will be responsible for all of Designer Brands’ owned and licensed brands, which include Keds, Vince Camuto, Topo Athletic, Hush Puppies, Le Tigre, Lucky Brand, Jessica Simpson, Kelly & Katie, Crown Vintage, ...
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ArticleDesigner Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’
Designer Brands slashed its guidance for the full year after reporting lower-than-expected sales and earnings in the third quarter ended Oct. 28 as consumers continued to be selective and an industry-wide decline in seasonal footwear had an “outsized” impact on the U.S. footwear group given its large seasonal assortment. “The ...
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News briefs
Designer Brands unveils first shoe produced by JEMS by Pensole
On Sept. 15, Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse (DSW), unveiled the FIRST JEM, the inaugural shoe from the JEMS by Pensole brand. It is the first shoe to roll off the assembly line at one of the first Black-owned footwear factories in the ...
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ArticleDesigner Brands sees tailwinds from Nike sales, ‘softer’ comps as economic pressures continue
Designer Brands maintained its sales and earnings guidance for the full year, highlighting the “softer” comparable figures it is facing in the third and fourth quarters and an expected lift from the sale of Nike shoes, as it resumes sales after renewing its partnership with the U.S. sportswear company earlier ...
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News briefs
Designer Brands president William Jordan to leave
Designer Brands announced that William (Bill) Jordan, the president of the company and president of Camuto LLC, will step down from his positions on a date that is expected to be on or before Dec. 1, 2023. The announcement was made in 8-K filing with the U.S. Securities and Exchange ...
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News briefs
Designer Brands launches the first Le Tigre footwear line
Designer Brands, a U.S. designer, producer and retailer of footwear and accessories, launched on Aug. 14 the first-ever footwear line by Le Tigre. Le Tigre, along with the recent acquisitions of Keds and Topo Athletic, enables Designer Brands “to grow its brand portfolio in the increasingly important athletic and athleisure ...
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News briefs
Vince Camuto launches Fly365
Vince Camuto, a division of Camuto Group which is part of Designer Brands, launched the men’s franchise Fly365. The collection currently has two models, the sneakers Talmai and Tayden, but is expected to extend its offering in the autumn and next spring. The shoes retail at $169 a pair. Fly365 ...
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News briefs
Designer Brands names new head for DSW
Designer Brands has appointed Laura Denk as president of DSW Designer Shoe Warehouse and executive vice president of Designer Brands, effective as of July 24. Denk will be responsible for leading DSW’s nearly 500 U.S. store locations and e-commerce channel, DSW.com. She will report directly to Designer Brands’ chief executive ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleDesigner Brands to resume selling Nike in Q4
Designer Brands unexpectedly announced that it will resume selling Nike shoes from the fourth quarter of this year, as the U.S. sportwear brand reverses its policy of dropping wholesale clients to focus on direct-to-consumer channels. Earlier, on June 1, Macy’s announced that it would be selling Nike apparel from October, ...
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News briefs
Keds launches brand refresh and product expansion after Designer Brands takeover
Keds has engaged into a brand refresh, with an updated logo in a new blue hue, and launched three new upgraded sneaker styles priced between $50 and $80. The upgraded styles are The Court, The Platform and The Mini. The news comes after the brand was bought by Designer Brands ...
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ArticleThe stocks of former IPO stars Allbirds and Dr. Martens continue their freefall in Q1
The prices of stocks monitored by Shoe Intelligence rebounded by about 5 percent overall in the first quarter of 2023 compared with the previous three months driven by some key clusters such as large U.S. footwear companies, online retailers and luxury goods groups. However, both Allbirds and Dr. Martens, previously ...
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ArticleJEMS by Pensole shoe factory inaugurated
On March 20, Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse, inaugurated, along with Pensole Lewis College of Business & Design (PLC), JEMS by Pensole, one of the first Black-owned footwear factories in the United States. The facility is located in Somersworth, New Hampshire. JEMS stands ...
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ArticleDesigner Brands anticipates sales, earnings decline amid economic uncertainty
Designer Brands expects sales in the financial year ending January 2024 to decline by a mid-single digit percentage, while earnings are also expected to fall as consumers remain cautious on purchases amid fears of a recession. “With the continued uncertainty in the macroeconomic environment and evolving patterns of consumer discretionary ...
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ArticleDesigner Brands buys Keds from Wolverine Worldwide
Wolverine Worldwide has sold Keds, which it acquired in 2012 as part of its $1,249.5 million acquisition of the assets of the former Performance Lifestyle Group (PLG), for $83.6 million to the North American retailer Designer Brands Inc. The sale also includes the Pro-Keds athleisure brand and Keds’ e-commerce business. ...
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ArticleDesigner Brands appoints a new CEO
Designer Brands said that its board has appointed Doug Howe, currently the president of the group’s footwear chain DSW, to succeed Roger Rawlins as chief executive officer, effective April 1, 2023. Rawlins, who has been CEO for seven years, will also quit the board but will continue to work with ...
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ArticleDesigner Brands focuses on own brands, clearance
Designer Brands, which has dialed back its full-year earnings per share guidance, is eyeing its own footwear brands and clearance business as key growth vehicles going forward. The parent of the DSW Warehouse banner told financial analysts that shoe consumers today have become more focused on value and that it ...
