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Designer Brands Inc - DBI STOCK NEWS

Welcome to our dedicated page for Designer Brands news (Ticker: DBI), a resource for investors and traders seeking the latest updates and insights on Designer Brands stock.

Designer Brands Inc (DBI) delivers footwear innovation through its integrated retail platforms and brand partnerships. This news hub provides investors and industry professionals with direct access to official corporate communications, financial disclosures, and strategic developments.

Track critical updates including quarterly earnings reports, leadership changes, supply chain initiatives, and partnership announcements. Our curated collection features press releases from DBI's U.S./Canada retail operations and Brand Portfolio segment, alongside market analyses relevant to omni-channel retail strategies.

Key content categories include financial performance updates, store expansion plans, e-commerce enhancements, and sustainability initiatives. Bookmark this page for streamlined monitoring of DBI's evolving position in competitive footwear markets, supported by timely filings and verified corporate statements.

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Designer Brands Inc. is amending its modified 'Dutch auction' tender offer to purchase up to $100 million of its Class A common shares. The original offer price range was $7.00 to $8.00 per share, but it has now been increased to $8.75 to $10.00 per share. The offer is no longer subject to a financing contingency as the company has secured a $135 million term loan. Shareholders who have already tendered their shares at the original price range do not need to take any further action.
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Designer Brands Inc. has announced a modified 'Dutch Auction' tender offer to repurchase up to $100 million in value of its Class A common shares. The offer represents approximately 25% of the Company's outstanding shares. The tender offer will expire on July 7, 2023. Designer Brands intends to enter into a term loan agreement for $135 million to fund the tender offer.
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Designer Brands Inc. (NYSE: DBI) recently celebrated the opening of JEMS by PENSOLE, a footwear factory in Somersworth, New Hampshire, marking a significant milestone in their $2 million investment aimed at enhancing Diversity, Equity & Inclusion in the footwear industry.

This factory, one of the first Black-owned footwear facilities in the U.S., is a collaborative effort with Pensole Lewis College of Business & Design and aims to provide training and career opportunities for underrepresented designers. The initial shoe designs will be available exclusively at DSW stores.

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Designer Brands Inc. (NYSE: DBI) reported a strong performance for 2022, with Owned Brands net sales up 32.1% year-over-year. Gross margins improved by 400 basis points compared to 2019, signaling effective brand building. Despite fourth-quarter challenges, including a 7.5% decline in net sales to $760.5 million and a 5.5% drop in comparable sales, the company achieved a diluted EPS of $0.66. Full-year net sales increased by 3.7% to $3.3 billion, with an EPS of $2.26. For 2023, net sales are projected to decline mid-single digits, while additional sales from the Keds acquisition are expected to be $75 million to $85 million.

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NYSE:DBI

DBI Rankings

DBI Stock Data

127.13M
31.80M
20.19%
100.53%
16.2%
Footwear & Accessories
Retail-shoe Stores
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United States
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