Reported 1 day ago
Shares of Designer Brands, the parent company of DSW, fell over 20% after reporting disappointing first-quarter earnings and withdrawing its fiscal outlook for 2025 due to macroeconomic uncertainty and declining consumer sentiment. The company's adjusted loss was significantly worse than expected, and net sales declined by 8% year-over-year. CEO Doug Howe noted the need to focus on preserving margins and controlling costs amid this volatility.
Source: YAHOO