Designer Brands announced on Thursday sales for the fourth quarter decreased 0.8% to $754.3 million, on the back of a comparable sales decrease of 7.3%, hit by a “softening footwear market” in 2023. Vince Camuto The Columbus, Ohio-based company said net sales for the fiscal year 2023 ending February 3 decreased 7.3% to $3.1 billion, while total comparable sales … Read more
By Reuters API Published Feb 2, 2024 Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power at a time of stiff competition from rival sneaker brands, according to analytics firm Vertical Knowledge. Nike instagram Researchers compiled online pricing data from a … Read more
Designer Brands Inc., the Columbus, Ohio-based owner of the DSW Designer Shoe Warehouse, The Shoe Company and Shoe Warehouse retail chains, announced on Tuesday that net sales decreased by 9.1% in the third quarter ended October 28, 2023. Designer Brands sales down over 9% in Q3. – Vince Camuto The company, which also produces footwear … Read more
