Third quarter net sales at Designer Brands decreased by 1.2 percent to 777.2 million dollars, while total comparable sales decreased by 3.1 percent. The company has lowered its guidance for the full year and now expects net sales to be down low single digits and adjusted diluted EPS in the range of 10 cents to 30 cents. Designer Brands’ gross...
10 Dec 2024
As the fashion world mourns the death of iconic Indian designer Rohit Bal, FashionUnited has collected comments from across the world, as the designer enchanted Hollywood and Bollywood alike, counting celebrities like Cindy Crawford, Naomi Campbell, Deepika Padukone, Aishwarya Rai and Bollywood legend Amitabh Bachchan among his customers and...
4 Nov 2024
Designer Brands’ net sales decreased 2.6 percent to 771.9 million dollars in the second quarter, while comparable sales decreased by 1.4 percent. Lowering its full year outlook, the company said it now expects net sales growth in the flat to low-single digits and adjusted diluted EPS in the range of 50 to 60 cents. "We saw sustained pressure on...
11 Sept 2024
Designer Brands has appointed John Atkinson as a member of its board of directors, effective August 1, 2024. The company said Atkinson was also named a member of both the audit committee and the nominating and corporate governance committee. "John’s extensive expertise as a strategic financial counsellor will be fundamental to guiding our path...
8 Aug 2024
Designer Brands’ first quarter net sales increased 0.6 percent to 746.6 million dollars, while comparable sales decreased by 2.5 percent. Reaffirming its guidance for the full year, the company said net sales growth is expected to be in low-single digits and adjusted diluted EPS is expected to range between 70 cents to 80 cents. "This quarter,...
4 Jun 2024
Designer Brands has named Sarah Crockett to the role of chief marketing officer (CMO) of DSW Designer Shoe Warehouse effective June 6, 2024. Reporting to DSW President Laura Denk, Crockett will be responsible for overseeing the planning, development and execution of all marketing and advertising initiatives for the company’s nearly 500 US store...
Footwear and accessories group Designer Brands issued its financial results for both the fourth quarter and year ended February 3, 2024, in which sales for the two periods saw a slight drop ahead of an upcoming “transition year”. For Q4, the company’s net sales fell 0.8 percent to 754.3 million dollars, while total comparable sales dropped 7.3...
22 Mar 2024
European fashion and lifestyle e-tailer Zalando is enhancing the “designer experience” on its website and app with a new luxury boutique-style space for designer brands. The revamped ‘Designer’ destination will offer a “fresh and inspirational shopping experience,” explains Zalando, allowing designers to “narrate their story, unveil collections,...
23 Jan 2024
Designer Brands has appointed Andrea O'Donnell as brands president and executive vice president of the company, with her appointment to be effective as of January 29, 2024. As brands president, the company said, O'Donnell will be globally responsible for Designer Brands' full suite of owned and licensed brands, which includes Keds, Vince Camuto,...
For the third quarter, Designer Brands net sales decreased 9.1 percent to 786.3 million dollars, while comparable sales decreased by 9.3 percent. Gross profit decreased to 256.4 million dollars and gross margin to 32.6 percent, reported net income was 10.1 million dollars or diluted earnings per share of 17 cents. The company’s adjusted net...
5 Dec 2023
Designer Brands has reported a 7.8 percent drop in net sales in the second quarter of the year. The US footwear and accessories retailer generated sales of 792.2 million dollars in the three months to July 29, down from 859.3 million dollars a year earlier. On a comparable basis, sales were down 8.9 percent. The company’s net profit narrowed to...
7 Sept 2023
New York sportswear label Le Tigre has unveiled its first footwear line as part of Designer Brands’ efforts to expand brand capabilities. The retail group initially formed a licensing agreement with Le Tigre in July 2022, alongside its acquisitions of Keds and Topo Athletic, all moves aimed at growing its portfolio and leveraging its...
15 Aug 2023