Why Designer Brands Stock Tumbled Today
Designer Brands(DBI) The Motley Fool·2024-06-04 23:19
The DSW parent came up short on the bottom line.Shares of Designer Brands (DBI -21.18%), the parent of DSW and other footwear retail brands, were pulling back today after the company reported disappointing results in its first-quarter earnings report.As of 9:51 a.m. ET, Designer Brands stock was down 18.1% on the news. Designer Brands comes up shortDesigner Brands has been in the process of a turnaround for several years, reformulating its portfolio by acquiring brands like Keds and Camuto Group, the parent ...