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Article Date: December 2022
Word Count: 444

DSW Battles with Athletic Brands’ DTC Clearance Sales


Designer Brands’ net income was cut by 44% to $45,171,000 from $80,184,000 in the third quarter, on sales that inched up 1% to $856,020,000 from $853,467,000, but DSW ticked down 1% to $706.4 million in sales. The family footwear banner comped up 1%, on top of last year’s 44% increase, but had 11 fewer doors at 504. Canadian retail fared better, growing 10% to $82.3 million, comping up 19% on top of 15% growth. Sneaker sales were increasingly pressured at the end of Q3 and into Q4 by the DTC efforts ... Log in to view full article.

 


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