All Designer Brands articles – Page 2
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News briefs
Genesco and Designer Brands appoint new board members
Genesco has appointed Matthew Bilunas and Carolyn Bojanowski as independent directors of its board, effective Jan. 29, which is the beginning of the company’s fiscal year. Bilunas is chief financial officer of Best Buy, a retailer of electronic devices, and Carolyn Bojanowski is executive vice president in charge of merchandising ...
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News briefs
Cobblers Direct offers shoe repair services in DSW stores
Cobblers Direct has entered a partnership with DSW Designer Shoe Warehouse to offer shoe repair services in over 500 stores across the U.S. “We want customers to enjoy and get the most out of their purchases, so if they ever need a product repair, DSW’s partnership with Cobblers Direct ensures ...
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ArticleDesigner Brands raises its full-year guidance again
Designer Brands released a new update in its full-year guidance after better-than-anticipated second-quarter results. The company raised its full-year diluted earnings per share guidance to a range of $2.05 to $2.15 from a previous forecast of $1.90 to $2.00, which had already been upgraded in April 2022 from $1.75 to ...
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News briefsDesigner Brands enters licensing agreement with Le Tigre
Designer Brands has entered a licensing agreement with Le Tigre 360 Global, that will add the Le Tigre label to its portfolio of ”owned brands”. The Ohio-based footwear company aims to double sales of the owned brands category by 2026. The current portfolio includes Vince Camuto, Reebok, Hush Puppies, Jessica ...
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ArticleDesigner Brands gains market share in North America
Designer Brands, the parent company of the footwear retailers DSW Designer Shoe Warehouse, Shoe Company and Shoe Warehouse, claims that it has gained market share in the U.S. and in Canada during the first quarter ended April 30 as it focuses on leading brands, as well as its own labels, ...
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News briefs
Designer Brands hires Doug Howe as head of DSW
Designer Brands has appointed Doug Howe as president of DSW Designer Shoe Warehouse and executive vice president of Designer Brands, effective late May. ”Howe’s appointment brings continued strength and momentum to Designer Brands putting customers, brands and speed at the forefront of the retailer’s 519 U.S. store locations and ...
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ArticleDesigner Brands launches a new store format
Designer Brands, the parent company of the footwear retailer DSW Designer Shoe Warehouse, has launched a new retail store format called “Warehouse Reimagined”. The new format is smaller, around 15,000 square feet rather than the typical 25,000 square feet of existing DSW stores, but Designer Brands’ chief executive officer, Roger ...
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News briefs
Designer Brands buys Shoes.com
Designer Brands has bought the Shoes.com domain and associated intellectual property assets for an undisclosed sum, Footwear News reported citing the parent company of the U.S. footwear retailer DSW. A spokesman told Footwear News that Designer Brands did not buy any of Shoes.com’s underlying business assets. The last known owner ...
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ArticleDesigner Brands upgrades its full-year guidance
Designer Brands improved its guidance for the fiscal year ending in January 2023 and now expects earnings per share (EPS) to be $1.80-$1.90, up from a previous guidance of $1.75-$1.85. The U.S. footwear company is also reinstating a dividend of 0.05 dollars per share for the first quarter of fiscal ...
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News briefs
Designer Brands invests $2 m in black-owned factory
Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse, is investing $2 million in the first Black-owned footwear factory in the United States – JEMS by Pensole – to produce shoes designed by graduate students of the Pensole Lewis College of Business & Design (PLC). The shoes ...
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ArticleDesigner Brands posts strong quarterly sales
In the third quarter ended Oct. 30, Designer Brands posted sales of $853.5 million, up by 30.7 percent from a year earlier. Comparable sales increased by 40.8 percent. Sales of the group’s U.S. retail segment rose to $709.6 million from $501.9 million a year earlier, with women’s footwear revenues increasing ...
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ArticleFootwear stocks weaker in Q3 on profit-taking
Overall, the price of footwear stocks dropped in the third quarter of 2021 compared with the previous three months on profit-taking after the sector had enjoyed a strong rebound in the first half of the year with the re-opening of the economy, following the easing of Covid-19-related restrictions and the ...
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ArticleSequential files for bankruptcy protection
After many loss-making quarters and the sale of four brands - Heelys, DVS Footwear, Caribbean Joe and Ellen Tracy - earlier this year, the heavily indebted Sequential Brands Group commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware on Aug. 31 to protect it ...
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ArticleDesigner Brands gains market share in athleisure, kids’ footwear
In the second quarter ended July 31, Designer Brands posted a 66.9 percent year-on-year increase in net sales to $817.3 million, with comparable sales up by 84.9 percent as it continues to focus on athleisure and kids’ footwear. The U.S. retail business posted an 83.5 percent increase in sales to ...
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News briefs
Designer Brands to be exclusive distributor of Hush Puppies in North America
The U.S. footwear producer and retailer Designer Brands will become the exclusive in-store distributor of Hush Puppies in North America from 2022. “DSW customers have enjoyed Hush Puppies for years, and we are delighted to become the sole physical destination for this iconic brand in North ...
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News briefs
Debbie Ferrée confirmed as president of Camuto
Designer Brands has appointed its vice chairwoman Debbie Ferrée as president of Camuto Group , a role she has held on an interim basis since August 2020. She will continue with the task of integrating Camuto into Designer Brands. The American company has also named William “Bill” ...
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ArticleNike stops supplying Designer Brands
Nike has decided to stop supplying Designer Brands as the U.S. footwear company, largely known for its DSW banner, builds up its direct-to-consumer strategy while increasing its exposure to athletic shoes. Nike is engaged in a policy of eliminating many “undifferentiated” wholesale accounts. Nike, which is Designer Brands main vendor ...
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ArticleDesigner Brands’ sales of athletic shoes rose sharply in Q4
Designer Brands improved its fourth-quarter sales from the previous three months as it continues to increase its exposure to athleisure and children’s footwear and develop its digital capabilities. The company has streamlined its offer to focus on the top 50 brands in the U.S. and top 30 in Canada. ...
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ArticleDesigner Brands expects to struggle well into 2021
The American shoe retailer Designer Brands , formerly known as DSW , believes that the Covid-19 pandemic will continue to have a significant impact on its business next year and does not expect significant improvement until late spring 2021 or even the next back-to-school season. While releasing results for ...
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ArticleDesigner Brands sees challenging H2 as Q2 sales fall by 42.8%
The American shoe retailer Designer Brands , formerly known as DSW , expects the Covid-19 pandemic will continue to have a significant impact on its business in the second half of 2020, with a double-digit decline in sales likely and a return to profitability seen as “challenging.” As consumer ...
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