Designer Brands Posts Mixed Q2 Results, Won’t Reinstate Annual Guidance Due to Uncertainty

One nugget of good news from Designer Brands Inc.’s second quarter earnings report was that sequential comparable sales showed improvement from the first quarter, suggesting that strategies to strengthen the company could be taking hold. “Our second quarter results were highlighted by a 280-basis point sequential improvement in comparable sales from the first quarter, underscoring the impact of our targeted operational initiatives,” said the shoe firm’s CEO Doug Howe in a statement. “These initiatives sup ...