Designer brands inc. reports fourth quarter and fiscal year 2022 financial results

Owned brands net sales up 32.1% for 2022 compared to last year 2022 gross margin up 400 basis points over 2019 as brand building strategy takes hold columbus, ohio , march 16, 2023 /prnewswire/ -- designer brands inc. (nyse: dbi) (the "company" and "designer brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, announced financial results for the three months and year ended january 28, 2023. roger rawlins, chief executive officer, stated, "our 2022 results clearly showcase the power and success of our brand building strategy with our owned brands growing over 32% to last year while delivering gross margins 400 basis points higher than those we saw in 2019.
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