DSW news and archive

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...

People

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...

Business

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,...

People

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...

Business

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...

Business

Designer Brands names Laura Denk as president of DSW

Designer Brands Inc. has appointed Laura Denk as president of Designer Shoe Warehouse (DSW) and executive vice president of Designer Brands, with her appointment to be effective as of July 24, 2023. Denk will report to Designer Brands' chief executive officer, Doug Howe. As president of DSW, the company said in a statement, Denk will be...

BusinessFeatured

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...

Business

DSW and Hush Puppies announce exclusive wholesale partnership

Designer Brands Inc., one of North America’s largest designers, producers and retailers of footwear and accessories, has entered an exclusive distribution for Hush Puppies in North America, through partnership with Wolverine Worldwide. This initiative will make DSW Designer Shoe Warehouse the exclusive in-store distributor of Hush Puppies...

Business

Warm weather impacts sales at Designer Brands, lowers outlook

Designer Brands Inc. said total revenue for the third quarter increased by 12.4 percent, including 137.5 million dollars in revenue from the Brand Portfolio segment, which includes 25.6 million dollars in intersegment revenue that is eliminated in consolidation. Comparable sales increased 0.3 percent compared to a 7.3 percent increase in the...

Retail

DSW announces holiday pop-up aimed to encourage shoe donations

Major footwear retailer DSW Designer Shoe Warehouse is opening a pop-up shop dedicated to giving back for the holiday season as part of its nationwide campaign promoting footwear donations, Do Good with DSWGives. A digital pop-up launches online on November 7 with a unique, interactive user experience to represent the strong impact of shoe...

Business

DSW changes its name to Designer Brands

While chalking out a three-year strategic plan to deliver 2021 adjusted earnings per share in the range of 2.65 dollars to 2.75 dollars, DSW Inc. has also changed it corporate name to Designer Brands Inc. The company now plans to focus on building exclusive brands and products for DSW and The Shoe Company through Camuto Group's design and...

Business

DSW returns to same-store sales growth of 6.1 percent

Total revenue at DSW Inc. increased 13.3 percent for the year to February 3, 2018 to 3.2 billion dollars, including 310 million dollars from the acquisitions of the Canadian business and Camuto Group. For the fifty-two week period, the company’s comparable sales increased by 6.1 percent compared to last year's 0.4 percent decrease. Commenting on...