Preview - Please log in to view full article.

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.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.