The parent company to the DSW, Topo, Keds, Hush Puppies and other footwear brands, saw net sales decrease 0.8 percent to $754.3 million in the fiscal 2023 fourth quarter. Total comparable sales decreased by 7.3 percent for the quarter.
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Designer Brands Inc. Appoints Deckers Vet as Brands President and EVP
Andrea O’Donnell was appointed brands president and executive vice president of Designer Brands, effective January 29. Previously, she led the expansion of Ugg and Koolaburra brands at Deckers Brands as president of fashion lifestyle.
Designer Brands’ Dutch Auction Tender Offer Priced At $10 A Share
Designer Brands, Inc.’s Dutch auction tender offer, which expired on July 7, was priced at $10.00 a share, the upper end of its raised $8.75 to $10.00 range.
Designer Brands Increases Price Range Of Share Repurchase
Designer Brands, Inc., the parent company of DSW, announced it is amending its previously announced modified “Dutch auction” tender offer to purchase for cash up to $100 million in value of its Class A common shares.
Designer Brands Reveals Amounts Paid For Keds And Topo Athletic
Designer Brands, the parent of DSW, paid $123.3 million to acquire the Keds business from Wolverine World Wide and paid $19.1 million to acquire majority ownership of Topo Athletic, according to the company’s recently-released annual report.
Designer Brands Acquires Keds From Wolverine Worldwide
Designer Brands, the parent of DSW, reported it acquired Keds from Wolverine Worldwide. The company also expanded its agreement with Hush Puppies to include U.S. and Canadian licensing.
Designer Brands Expands Board With Two New Members
Designer Brands Inc., the parent of DSW, announced two new appointments, Rich Paul and Tami J. Fersko, to its Board of Directors.
Designer Brands Lifts Outlook On Q2 Beat
Designer Brands, Inc. raised its EPS guidance for the year after reporting sales and earnings topped Wall Street’s targets in the second quarter ended July 30. Comparable sales for the parent of DSW increased 6.2 percent on top of comparable sales growth of 84.9 percent for the second quarter of 2021.
Designer Brands To License Le Tigre Footwear
Designer Brands, Inc., the parent of DSW, announced an investment in and licensing agreement with Le Tigre, the American athletic apparel brand famous in the 1980s. Designer Brands will design and produce Le Tigre footwear to be sold primarily through DSW and The Shoe Company.
Designer Brands’ Q1 Sales Climb 18 Percent
Designer Brands Inc., the parent of DSW, reported sales grew 18.1 percent in the first quarter ended April 30 with same-store sales gaining 15.3 percent. Earnings topped Wall Street’s estimates and the company raised its EPS guidance for the year.
Designer Brands Debuts “Warehouse Reimagined” Store Concept
Designer Brands Inc., parent of shoe retailer DSW Designer Shoe Warehouse, has unveiled its new “Warehouse Reimagined” retail store format that elevates the company’s Owned Brands and product selections through shop-in-shops, full family offerings and head-to-toe lifestyle imagery.
Designer Brands Sets $4 Billion Goal For Fiscal 2026
Designer Brands, the parent of DSW, raised its EPS outlook for the current year and established a goal of reaching $4 billion in sales by fiscal 2026. The update comes as the company on Friday holds an Investor Day Event.
Designer Brands’ Q2 Profits Handily Top Wall Street’s Targets
Designer Brands Inc., the parent of DSW, reported earnings on an adjusted basis in the second quarter ended August 1 were more than double Wall Street’s targets. The company said it achieved record-setting second-quarter sales and gross profit at the U.S. Retail segment. Comparable sales were up 84.9 percent year-over-year.
Designer Brands Makes Exec Changes To Further Support Camuto Group’s Integration
Designer Brands Inc. said that in addition to her ongoing role as vice chairman, Debbie Ferrée has been named president of Camuto Group, a role she has held on an interim basis since August 2020. In addition, William Jordan has been named president of Designer Brands.
Designer Brands Returns To Profitability
Designer Brands Inc., the parent of DSW, returned to profitability for the first time since the onset of COVID-19. Sales improved 45.6 percent against pandemic-depressed year-ago levels and the gross margin rate improved over the rate from the first quarter of 2019. Athleisure comparable sales in the U.S. Retail segment, or DSW, were up 92 percent in the first quarter year-over-year.
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