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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Designer Brands Inc. - DBI
Designer BrandsDesigner Brands(US:DBI) GlobeNewswire News Room·2025-06-18 16:48

Core Viewpoint - Designer Brands Inc. is under investigation for potential securities fraud and unlawful business practices following a significant drop in stock price after the company withdrew its 2025 guidance due to a challenging macroeconomic environment and declining consumer sentiment [1][3]. Financial Performance - On June 10, 2025, Designer Brands reported its financial results for Q1 2025 and announced the withdrawal of its 2025 guidance, attributing this decision to a "soft start to 2025" and "deteriorating consumer sentiment" [3]. - Following the announcement, Designer Brands' stock price decreased by $0.68 per share, representing an 18.23% decline, closing at $3.05 per share on the same day [3]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of investors regarding potential securities fraud or other unlawful business practices by Designer Brands and its officers and/or directors [1].