Particle.news
Download on the App Store
3 ARTICLES
·
5d ago

Designer Brands Q1 Sales Drop 8% and Withdraw Full-Year Guidance

The DSW parent cited global trade uncertainty as it aims to achieve $20–30 million in cost savings through product assortment optimization alongside sourcing diversification.

Image
Image
Image

Overview

  • Net sales fell 8.0% to $686.9 million in Q1 2025, missing analysts’ forecasts and triggering a 24% plunge in pre-market trading.
  • The company recorded a net loss of $17.4 million, or 36 cents per share, compared with a small profit in the same period last year.
  • U.S. Retail sales declined 7.7%, Canadian operations slipped 2.9%, and the Brand Portfolio saw a 7.9% drop.
  • Designer Brands said global trade policy uncertainty prompted its withdrawal of fiscal 2025 guidance that had called for low-single-digit sales growth.
  • CEO Doug Howe outlined plans to optimize product assortments, reduce reliance on Chinese sourcing, and deliver $20 million to $30 million in cost savings this year.