Headlines

Designer Brands Closing Some Stores

The company expects to close 65 stores during the next four years.

Published

3 years ago

March 17, 2021

VMSD Staff

Designer Brands Closing Some Stores — DSW is one of the brands owned by Columbus, Ohio-based Designer Brands Inc.

DSW is one of the brands owned by Columbus, Ohio-based Designer Brands Inc.

Designer Brands (Columbus, Ohio), parent company of DSW and Shoe Warehouse, is reportedly expecting to close roughly 65 retail locations during the next four years as leases for its stores expire, reports Retail Dive. Twenty-four of those locations may close sometime during 2021.

The company reported that comparable store sales for 2020 decreased by 34.2 percent compared to the previous year’s 0.8 percent increase, according to a press release.

Designer Brands’ Chief Executive Officer Roger Rawlins said, “Designer Brands’ fourth quarter continues our story of sequential improvement in unprecedented market conditions.”

Related Topics:Designer Brands

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.