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Article Date: August 2021
Word Count: 438

DSW Battles Back in Q2 Helped by Athletic


Net income at parent Designer Brands swung back to $42,860,000 after the prior year loss of $98,214,000, as sales were up 67% to $817,335,000 from $489,714,000, helped by store comps that improved 84.9%, after last year’s negative 42.7%. Athletic and athleisure categories led gains in the quarter, as did the top 50 brands strategy for DSW that continued to show results, accounting for 78% of U.S. sales. Athletic and kids’ have also seen significant acceleration since the start of Back-to-School in late July. Formal guidance remains suspended, but DBI does expect to match or exceed pre-Covid profitability for the fall ... Log in to view full article.

 


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