Designer Brands (NYSE: DBI) secures Worldpay services through May 2026

Rhea-AI Filing Summary

Designer Brands Inc. reports that it has amended its long‑standing Bank Card Merchant Agreement with Worldpay, LLC. Under the new Omnibus Amendment, Worldpay has withdrawn its January 2026 termination notice and will continue providing credit and debit card processing services during a transition period ending no later than May 31, 2026, unless further amended.

The company has already identified several partners capable of handling these payment processing services and is working to shift transactions to a new vendor on or before the end of the transition period. Designer Brands and Worldpay plan to resolve the related Ohio court action by filing a stipulated dismissal with prejudice, which would formally close the dispute.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 9, 2026

Designer Brands Inc.

(Exact name of registrant as specified in its charter)

Ohio

001-32545

31-0746639

(State or other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

810 DSW Drive, Columbus, Ohio						43219
(Address of Principal Executive Offices)						(Zip Code)

Registrant’s telephone number, including area code: (614) 237-7100

 N/A

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Shares, without par value			DBI			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange

Act.    ☐

Item 8.01 Other Events.

As previously disclosed by Designer Brands Inc. (the “Company”) in a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2026, the Court of Common Pleas, in Franklin County, Ohio (the “Court”), issued a temporary restraining order on January 28, 2026, enjoining Worldpay, LLC fka Vantiv, LLC (“Worldpay”) from terminating that certain Bank Card Merchant Agreement, dated on or about September 12, 2014, as amended (the “Agreement”) and ceasing its performance under the Agreement prior to May 31, 2026 (the “Action”). Worldpay provides the Company and its affiliates with credit and debit card processing services for in-store and online transactions (the “Services”) pursuant to the Agreement.

On February 9, 2026, the Company and Worldpay entered into an amendment to the Agreement (“the Omnibus Amendment”), pursuant to which, among other things, the January 2026 termination notice was withdrawn, and Worldpay and its affiliates agreed to continue to provide the Company and its affiliates with Services for a transition period ending no later than May 31, 2026, unless otherwise amended by the parties (the “Transition Period”).

The Company has identified several existing partners capable of providing the Services and is taking all necessary steps to expeditiously transition the Services on or before the end of the Transition Period.

The Company and Worldpay are planning on resolving the Action by filing a stipulated dismissal with prejudice.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “believes,” “could,” “continues,” “expect,” “may,” “plan,” “will,” “intends,” “should,” “would,” or the negative of such terms, or other comparable terminology, and include statements about the Omnibus Amendment, the temporary restraining order, and the transition of Services to a new vendor. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors. These forward-looking statements and such risks, uncertainties, and other factors speak only as of the date of this Current Report on Form 8-K, and the Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein, or to reflect any change in our expectations with regard thereto or any other change in events, conditions, or circumstance on which any such statement is based, except to the extent otherwise required by applicable law.

Signature  

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.  

Designer Brands Inc.

By:

/s/ Lisa M. Yerrace

Lisa M. Yerrace

Senior Vice President, General Counsel and Corporate Secretary

Date:

February 9, 2026

FAQ

What did Designer Brands Inc. (DBI) announce regarding its agreement with Worldpay?

Designer Brands Inc. announced an Omnibus Amendment to its Bank Card Merchant Agreement with Worldpay. The amendment withdraws Worldpay’s January 2026 termination notice and keeps payment processing services in place through a defined transition period, supporting operational continuity while the company moves to a new vendor.

How long will Worldpay continue providing services to Designer Brands (DBI)?

Worldpay and its affiliates agreed to continue providing credit and debit card processing services during a transition period ending no later than May 31, 2026. This period may be modified only if both parties further amend the agreement, giving Designer Brands time to complete a vendor transition.

What services does Worldpay currently provide to Designer Brands (DBI)?

Worldpay provides credit and debit card processing services for Designer Brands’ in‑store and online transactions. These services cover payment processing for the company and its affiliates under a Bank Card Merchant Agreement first entered into in 2014, which has now been amended for an orderly transition.

How is Designer Brands (DBI) preparing for the end of the Worldpay transition period?

Designer Brands has identified several existing partners capable of providing its card processing services and is taking all necessary steps to transition. The company intends to complete the shift to a new vendor on or before the end of the transition period, which ends no later than May 31, 2026.

What happens to the court action between Designer Brands (DBI) and Worldpay?

Designer Brands and Worldpay plan to resolve the Ohio court action through a stipulated dismissal with prejudice. This means both parties expect to formally end the litigation, with the temporary restraining order no longer central once the amended agreement and transition arrangements are in place.

Why was there a temporary restraining order involving Designer Brands (DBI) and Worldpay?

The Court of Common Pleas in Franklin County, Ohio issued a temporary restraining order on January 28, 2026. It prevented Worldpay from terminating the Bank Card Merchant Agreement or stopping performance before May 31, 2026, ensuring continuity of payment processing while the dispute was addressed.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.3 KB