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Article Date: March 2019
Word Count: 651

DSW Finishes 2018 in the Red, Changes Name to Designer Brands

A $31.7 million impairment charge and a $58.1 million loss from its equity investment in Town Shoes swung DSW’s bottom line to a loss of $45,726,000 in the final quarter from a profit of $11,952,000 last year on 16% higher revenues of $843,365,000 compared to $724,678,000. The sales gains came from its newly acquired Canadian Retail business and Brand Portfolio, contributing $67.7 million and $86.1 million, respectively, while U.S. Retail sales slipped 2% to $655.7 million due to the missing week in the retail calendar. The Other segment, which includes ABG and the now discontinued Ebuys, was down 48% to ... Log in to view full article.


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