×
859
Fashion Jobs
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
ESTÉE LAUDER
CRM And Email Analyst (Contract) - Must be Immediately Available
Permanent · London
Published
May 27, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Designer Brands returns to profit in Q1

Published
May 27, 2021

Designer Brands Inc., the owner of the DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse retail chains, as well as the Camuto manufacturing group, announced net income of $17.0 million, or $0.22 per diluted share, in the first quarter ended May 1, 2021.


Designer Brands has made a strong start to fiscal 2021 - Instagram: @dsw

 
This was the first profit seen by the Columbus, Ohio-based company since the onset of the Covid-19 pandemic. In the same period in the previous year, the group reported a net loss $215.9 million, or $3.00 per diluted share.
 
Net sales at the company in Q1 2021 were $703.2 million, up 45.6% from $482.8 million in the prior-year period. Comparable sales increased 52.2%, compared to a 42.3% decrease in Q1 2020.

Broken down by segment, Designer Brands’ sales increased 31.1% to $193.1 million in its U.S. retail segment, 26.7% to $10.8 million in its Canada retail segment, and 20.8% to $11.9 million in its brand portfolio.
 
“Designer Brands is off to a strong start in fiscal 2021,” commented Designer Brands CEO Roger Rawlins in a release. “Our success was driven by green shoots in areas of the business that had been previously affected by the pandemic, synergies from our vertical capabilities coming to life, which allowed us to capitalize on positive trends faster than ever before, and our assortment strategy focused on athleisure, kids and seasonal products.”
 
The company has been working to adapt to the changes in consumer behavior caused by the Covid-19 pandemic since the second half of last year, pivoting its assortment towards athleisure – a category that has remained comparatively strong throughout the health crisis – and improving its digital capabilities.
 
Over the course of the first quarter, Designer Brands opened two stores and closed five in the U.S., ending the period with a total of 516 locations in the country. In Canada, the company currently operates 145 stores, having opened two and closed one during the first quarter.  

Copyright © 2021 FashionNetwork.com All rights reserved.