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Article Date: March 2024
Word Count: 445

DSW Pulls Down Designer Brands in Final Quarter


The bottom line swung to a loss of $29,698,000 from last year’s profit of $45,110,000 on 1% lower sales of $754,348,000 compared to $760,546,000 for the fourth quarter, with blended comps down 7.3%. The bottom line saw shrinking margins and a $4.1 million impairment charge lap a favorable tax asset reevaluation. DSW’s U.S. retail sales were down 3% to $630.8 million, comping down 7.4%, as high seasonal exposure meant an outsized impact from unfavorable weather. In Canada, retail sales decreased 3% to $64.4 million, comping down 9.2%. The retail results were ... Log in to view full article.

 


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