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Article Date: December 2021
Word Count: 522

DSW Drives Q3 Rebound at Designer Brands


The bottom line swung to a profit of $80,184,000 in the third quarter against the prior year’s loss of $40,643,000, on revenues that were up 31% $853,467,000 over $652,870,000, boosted by a 40.8% increase in comparable sales. The ongoing push towards kids’ and athletic opened up the historically small Back-to-School season for the company, with kids’ growing 35% faster than the market as a whole, according to NPD data. DBI continued to lean into its Top 50 Brands strategy, which made up 77% of US retail sales in the quarter versus 65% in ’19. The strategy is leading to higher ... Log in to view full article.

 


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