Welcome to our dedicated page for Designer Brands news (Ticker: DBI), a resource for investors and traders seeking the latest updates and insights on Designer Brands stock.
Designer Brands Inc (DBI) delivers footwear innovation through its integrated retail platforms and brand partnerships. This news hub provides investors and industry professionals with direct access to official corporate communications, financial disclosures, and strategic developments.
Track critical updates including quarterly earnings reports, leadership changes, supply chain initiatives, and partnership announcements. Our curated collection features press releases from DBI's U.S./Canada retail operations and Brand Portfolio segment, alongside market analyses relevant to omni-channel retail strategies.
Key content categories include financial performance updates, store expansion plans, e-commerce enhancements, and sustainability initiatives. Bookmark this page for streamlined monitoring of DBI's evolving position in competitive footwear markets, supported by timely filings and verified corporate statements.
Lids has partnered with Designer Brands, Inc. (NYSE: DBI) to introduce licensed sports products in Canada, marking Lids' first entry in the country. The collaboration involves 130 Lids storefronts within 45 locations of DSW Designer Shoe Warehouse and The Shoe Company, featuring shop-in-shop concepts. Customers can expect headwear and jerseys from major Canadian sports teams, with products also available online. This partnership follows Lids' expansion that included the addition of 70 stores during the pandemic and its status as North America's largest headwear retailer.
Designer Brands Inc. (NYSE: DBI) reported a net sales decrease of 26.6% to $609.4 million for Q4 fiscal 2020, alongside a net loss of $134.0 million, or $1.85 per diluted share. Comparable sales shrank 20.1%, a decline from last year’s minor growth. Full-year results showed a 36.0% decline in net sales to $2.2 billion. Gross profit plummeted 69.1% to $311.2 million. Despite these challenges, the company is focusing on stabilizing the business and enhancing digital strategies.
Designer Brands Inc. (NYSE: DBI) will release its fourth quarter and fiscal year 2020 earnings on March 16, 2021. A conference call is scheduled for 8:30 AM E.T. to discuss the financial results, with a press release to precede the call. Investors can participate by calling 888-317-6003 (US) or 412-317-6061 (international), referencing ID 4069853. The call will be streamed live online, and a replay will be available for those unable to attend. Designer Brands operates nearly 700 retail locations under several banners, including DSW.
Designer Brands Inc. (NYSE: DBI) reported a 30.1% decline in net sales to $652.9 million for Q3 2020 compared to Q3 2019. Athletic comparable sales increased 5% in the U.S., reflecting a shift towards athletic products. Despite increased markdowns and elevated shipping costs, the company noted improved flexibility aligning with consumer preferences. The net loss for the quarter was $40.6 million, translating to $0.56 loss per diluted share. Cash and investments stood at $114.5 million with inventory down 19%.
Designer Brands Inc. (NYSE: DBI) will release its third quarter 2020 earnings on December 9, 2020. A conference call is scheduled for 8:30 am E.T. to discuss the results, with a press release issued beforehand. Interested parties can join the call by dialing 888-317-6003 or 412-317-6061 internationally, referencing conference ID 8509121. The call will be streamed live online and available for replay. Designer Brands operates nearly 700 retail locations under various brands, including DSW and The Shoe Company.
Designer Brands Inc. (NYSE: DBI), a major footwear and accessories retailer in North America, announced participation in the CL King's Virtual 18th Annual Best Ideas Conference on September 16, 2020, at 3:30 p.m. ET. CEO Roger Rawlins and CFO Jared Poff will engage in a fireside chat during this event. The audio presentation will be available live on the Company's Investor Relations website, with an archive following the event. Designer Brands operates under various banners, including DSW Designer Shoe Warehouse, and has licensing agreements with popular footwear brands.
Designer Brands Inc. (NYSE: DBI) reported a 42.8% decline in net sales to $489.7 million for the second quarter ended August 1, 2020, due to the impacts of the COVID-19 pandemic. The net loss was $98.2 million, or $1.36 per diluted share. Inventory decreased by 37%, aligning with a 43% drop in sales. The company bolstered liquidity through a $250 million secured term loan and a new $400 million revolving credit facility. Despite challenges, management remains confident in adapting inventory and enhancing profitability moving forward.
Designer Brands Inc. (NYSE: DBI) will release its second quarter 2020 earnings on September 3, 2020. Management plans to discuss the results during a conference call at 8:30 AM E.T. Participants can access the call by dialing 888-317-6003 (or 412-317-6061 internationally) and will need the conference ID 9992953. A live webcast of the call will be available online, and an archived version will be accessible until September 17, 2020.
On August 7, 2020, Designer Brands Inc. (NYSE: DBI) announced measures to enhance financial flexibility, replacing its $400 million revolving credit facility with a new asset-based facility and securing a $250 million senior secured term loan. CEO Roger Rawlins highlighted the focus on health and safety amid COVID-19 challenges, aiming for long-term sustainability. The company restructured its workforce, eliminating over 1,000 positions, expected to save $40 million annually. 99% of retail locations have reopened, but store traffic remains affected by the pandemic.
Designer Brands Inc. (NYSE: DBI) reported a significant impact from COVID-19 in its first quarter financial results. The company recorded a net loss of $215.9 million, or $3.00 per diluted share, including impairment charges of $112.5 million. Adjusted loss per share was $1.83 with net sales decreasing 44.7% to $482.8 million. Despite challenges, digital sales grew by 25%, accounting for 50% of total demand. The company ended the quarter with $250.9 million in cash, reflecting proactive measures to enhance liquidity amid ongoing market uncertainty.
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