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. (Read More)
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. (Read More)
Designer Brands Inc., the parent of DSW, announced two new appointments, Rich Paul and Tami J. Fersko, to its Board of Directors. (Read More)
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. (Read More)
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. (Read More)
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. (Read More)
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. (Read More)
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. (Read More)
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. (Read More)
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. (Read More)
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. (Read More)
Designer Brands Inc., the parent of the DSW footwear chain, reported a loss in the fourth quarter ended February 1 as same-store sales declined 20 percent. (Read More)
Designer Brands Inc. reported a loss in the third quarter ended November 2 on a 30.1 percent revenue decline but the loss topped Wall Street's expectations. Designer Brands' officials also called out substantial progress the DSW chain has made expanding athletic and kids offerings. (Read More)
Designer Brands Inc., the parent of DSW, reported a net loss of $98.2 million in the second quarter as sales declined 43 percent. The parent of DSW said it was able to bolster liquidity and inventory was down 37 percent to position the company for fall selling. (Read More)
Designer Brands Inc., the parent of DSW and Camuto Group, announced steps taken to enhance the company's financial flexibility, including replacing its $400 million revolving credit facility with an equally-sized, asset-based revolving credit facility and completing a $250 million privately placed senior secured term loan. The company also provided further details on recent employee base restructuring actions and an update on store operations. (Read More)
Designer Brands, the parent of DSW, announced that the company will eliminate over 1,000 positions, including about 380 corporate staff and 700 store roles, according to a memo from CEO Roger Rawlins. (Read More)
Designer Brands Inc., the parent of DSW, reported a loss in the first quarter ended May 2 of $215.9 million that included pre-tax charges totaling $112.3 million covering impairment charges, integration and restructuring expenses and COVID-19 incremental costs. Revenues were down 44.7 percent despite a 25 percent hike in online sales. The Company has reopened approximately 90 percent of its total store base. (Read More)
Designer Brands Inc. announced an extensive cost-savings plan to offset the expected fallout from the coronavirus outbreak. The parent of DSW also announced it is temporarily closing its stores while reporting fourth-quarter results showed some sequential improvement. (Read More)
Designer Brands Inc., the parent of DSW and Camuto Group, reported comparable sales for the fiscal year increased 0.8 percent in the fourth quarter. (Read More)
Designer Brands Inc. on Tuesday announced William "Bill" L. Jordan has been named chief growth officer of Designer Brands Inc., effective immediately. (Read More)