Designer Shoe Warehouse news and archive

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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Management

Doug Howe to succeed Roger Rawlins as CEO of Designer Brands

Designer Brands Inc. has announced a planned CEO transition process. The company's board has appointed Doug Howe, president of DSW, to succeed Roger Rawlins as the new chief executive officer, effective April 1, 2023. After April 1, 2023, the company said, Rawlins will continue to work with the company for a twelve-month period in a strategic...

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Designer Brands Q1 comparable sales increase by 15.3 percent

For the three months ended April 30, 2022, Designer Brands Inc. reported net sales increase of 18.1 percent to 830.5 million dollars and comparable sales increase of 15.3 percent. Gross profit for the quarter increased to 275.7 million dollars and gross margin as a percentage of net sales was 33.2 percent as compared to 30.7 percent last year....

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Designer Brands sets revenues target of 4 billion dollars for FY26

Designer Brands Inc. expects to reach a revenue target of 4 billion dollars by fiscal 2026. The company said in a release that it anticipates achieving gross profit margin of 35 percent, operating margin of 9 percent improving over 200 basis points, EPS range of 2.75 dollars to 2.85 dollars and generation of over 1 billion dollars of cash from...

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Designer Brands' Q4 comparable sales increase by 36.9 percent

Fourth quarter net sales at Designer Brands Inc. increased 35 percent to 822.6 million dollars, while comparable sales increased by 36.9 percent. Gross profit increased to 254.2 million dollars and gross margin as a percentage of net sales was 30.9 percent compared to 22.2 percent for 2020 and 24.8 percent for the fourth quarter of 2019....

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Designer Brands' Q3 comparable sales increase 40.8 percent

Net sales at Designer Brands Inc. increased 30.7 percent to 853.5 million dollars in the third quarter of fiscal 2021 compared to the same period last year. The company said, comparable sales increased 40.8 percent during the quarter. Commenting on the third quarter results, Roger Rawlins, the company’s chief executive officer, stated: “Designer...

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Designer Brands' Q2 net sales increase 66.9 percent

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....

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Designer Brands Q1 comparable sales up 52.2 percent

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...

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Business

DSW hits insurer with 50 million dollar lawsuit

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...

Fashion

Jennifer Lopez launches exclusive footwear collection for DSW

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...