Designer brands inc. reports first quarter 2021 financial results

Returned to profitability for the first time since the onset of covid-19 total gross margin rate improved over the rate from the first quarter of fiscal 2019 athleisure comparable sales in the u.s. retail segment were up 92% in the first quarter of fiscal 2021 columbus, ohio, may 26, 2021 /prnewswire/ -- designer brands inc. (nyse: dbi) (the "company" and "designer brands"), one of north america's largest designers, producers and retailers of footwear and accessories, announced financial results for the three months ended may 1, 2021, compared to the three months ended may 2, 2020. roger rawlins, chief executive officer, stated, "designer brands is off to a strong start in fiscal 2021, highlighted by our return to profitability for the first time since the onset of covid-19 and a positive comparable sales increase of 52% for the first quarter.
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