Designer Brands news and archive

Designer Brands posts Q4 comparable sales growth

For its fourth quarter, footwear retailer Designer Brands recorded a net sales decrease of 5.4 percent to 713.6 million dollars. Despite this, comparable sales increased by 0.5 percent. Gross profit decreased to 282.6 million dollars and net loss reached 38.2 million dollars or loss of 80 cents per diluted share. Adjusted net loss was 21.3...

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Designer Brands Q3 comparable sales drop by 3.1 percent

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...

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India’s leading designer Rohit Bal remembered

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...

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Designer Brands lowers full year outlook

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...

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Designer Brands appoints John Atkinson to its board of directors

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...

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Designer Brands reaffirms full year guidance

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,...

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Sarah Crockett to join as DSW’s chief marketing officer

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...

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Business

Designer Brands sees yearly sales drop, plans return to growth

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...

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Zalando enhances designer offering and names new ambassador

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,...

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Andrea O'Donnell to join Designer Brands as EVP and brands president

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,...

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Designer Brands narrows 2023 outlook

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...

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Designer Brands post drop in Q2 sales, reiterates outlook

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...