Designer brands inc. reports third quarter 2023 financial results

Columbus, ohio , dec. 5, 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 third quarter ended october 28, 2023. "this quarter, we were impacted by a footwear market that contracted for the first time since covid coupled with unseasonably warm weather, which significantly reduced customer demand for shoes and pressured our heavily seasonal assortment," stated doug howe, chief executive officer.
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