Designer Brands news and archive

Designer Brands names two new executive appointments

US fashion retailer Designer Brands has announced two new executive appointments as it pushes forward with its focus on its omnichannel capabilities. Designer Brands vice chairman Debbie Ferrée has been appointed the additional role of president of Camuto Group, a position she has held on an interim basis since August 2020. In her new role, Ferr...

Business

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...

BusinessFeatured

Designer Brands Q4 net sales slide 27 percent

US fashion retailer Designer Brands has reported a 26.6 percent drop in net sales for the fourth quarter of the year. For the three months to January 30, 2021, the company’s net sales fell to 609.4 million dollars compared to 829.6 million dollars a year earlier. Reported net loss widened to 134 million dollars from 7.6 million dollars the prior...

People

Designer Brands appoints William Jordan as Chief Growth Officer

Designer Brands Inc. has announced the appointment of William “Bill” L. Jordan as Chief Growth Officer, effective immediately. The company said in a statement, previously, Jordan served as executive vice president and president, DSW since February 2019. As part of this transition, the company added, Roger Rawlins will serve as Interim President,...

Fashion

Designer Brands to launch footwear and handbag collection with Jennifer Lopez

Designer Brands, the footwear company behind DSW Designer Shoe Warehouse, The Shoe Company and Shoe Warehouse, has signed a partnership with singer and actress Jennifer Lopez, while everybody is still talking about her Super Bowl performance alongside Shakira. Designer Brands will develop, source and sell a handbag and footwear line titled JLO...

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...

Business

Designer Brands Q2 revenues increase by 8.2 percent

Designer Brands Inc. for the three months ended August 3, 2019, reported total revenue increase of 8.2 percent, including 102.9 million dollars in revenue from the Brand Portfolio segment, which includes 17.7 million dollars in intersegment revenue that is eliminated in consolidation. Comparable sales decreased 0.6 percent compared to a 9.7...