US’ Designer Brands Q1 sales drop 8%, withdraws FY25 outlook
Designer Brands, parent of DSW, saw Q1 FY25 net sales fall 8 per cent YoY to $686.9 million, with comparable sales down 7.8 per cent. Gross profit dropped to $295.1 million, and net loss totalled $17.4 million. CEO Doug Howe cited macro uncertainty and weak consumer sentiment. The company withdrew FY25 guidance and targets $20–30 million in cost savings amid tariff and margin pressures.
Designer Brands, parent of DSW, saw Q1 FY25 net sales fall 8 per cent YoY to $686.9 million, with comparable sales down 7.8 per cent.
Gross profit dropped to $295.1 million, and net loss totalled $17.4 million.
CEO Doug Howe cited macro uncertainty and weak consumer sentiment.
The company withdrew FY25 guidance and targets $20–30 million in cost savings amid tariff and margin pressures.
