For the second quarter, Designer Brands Inc. net sales increased 66.9 percent to 817.3 million dollars, while comparable sales increased 84.9 percent for the quarter. Reported net income in the second quarter was 42.9 million dollars or 55 cents per diluted share, while adjusted net income was 43.4 million dollars or 56 cents per diluted share....
Aug 31, 2021
For the first quarter, Designer Brands Inc. reported net sales increase of 45.6 percent to 703.2 million dollars compared to the same period last year. The company’s comparable sales increased 52.2 percent versus the 42.3 percent decrease for the same period last year. Commenting on the first quarter performance, Roger Rawlins, the company’s...
May 27, 2021
Designer Shoe Warehouse’s owner has hit its insurer with a lawsuit for 50 million dollars in Illinois Court over business income coverage. The lawsuit states that insurer wrongfully denied coverage for losses caused by the coronavirus lockdown measures which halted operations at 500 of DSW’s retail stores. The news was reported by Law360. The...
Feb 26, 2021
Jennifer Lopez — the multi-talented artist, actor, dancer, and entrepreneur — has launched a footwear line. According to an announcement from the brand, the Camuto Group-owned label JLO Jennifer Lopez will be available at footwear retailer Designer Shoe Warehouse (DSW). JLO Jennifer Lopez launches with 37-piece collection — which is ranges from...
Mar 17, 2020
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