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Sequential improvement in results continued in the fourth quarter
Athletic comparable sales in the U.S. Retail segment were up 19% in fourth quarter fiscal 2020, improved from the 5% increase in the third quarter of this year
COLUMBUS, Ohio, March 16, 2021 /PRNewswire/ Designer Brands Inc. (NYSE: DBI) (the Company and Designer Brands ), one of North America s largest designers, producers and retailers of footwear and accessories, announced financial results for the three months ended and fiscal year ended January 30, 2021, compared to the three months ended and fiscal year ended February 1, 2020.
Chief Executive Officer Roger Rawlins, stated, Designer Brands fourth quarter continues our story of sequential improvement in unprecedented market conditions. I am proud of our team s exceptional execution of our near-term strategy as we continued to pivot our assortment to athleisure and kids, focused on the Top 50 brands in footwear and leaned even further i
Earnings Scheduled For March 16, 2021
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Operator
Good day and welcome to the Designer Brands Inc. Fourth Quarter and Fiscal Year 2020 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Stacy Turnof with Edelman. Please go ahead.
Stacy Turnof
Vice President
Good morning. Earlier today, the company issued a press release comparing results of operations for the 13-week and 52-week periods ended January 30, 2021 to the 13-week and 52-week periods ending February 1, 2020.
Please note that remarks made about the future expectations, plans and prospects of the company constitute forward looking statements. Results may differ materially due to various factors listed in today s press release and the company s public filings with the SEC. The company assumes no obligation to update any forward looking statements.
Price action over last quarter: Up 119.26%
Company Profile
Designer Brands Inc is a retailer engaged in branded footwear in the United States. It offers a wide selection of brand name and designer dress, casual, and athletic footwear for women and men. Group functions through U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment includes stores operated in the U.S. under the DSW Designer Shoe Warehouse banner and its related e-commerce site. The Canada Retail segment includes stores operated in Canada under The Shoe Company, Shoe Warehouse, DSW Designer Shoe Warehouse banners and related e-commerce sites. The Brand Portfolio segment is engaged in sale of wholesale products to retailers and sale of branded products on direct-to-consumer e-commerce sites and other activities.
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