Shoe group confident of navigating headwinds

12/12/2024

Footwear group Designer Brands has reported its results for the first nine months of its current financial year, the period ending November 2, 2024.

Its net revenues for the period were $2.4 billion, an increase of 1.3% compared to the same period in the previous year.

Chief executive, Doug Howe, said the third quarter had begun strongly but had then had “a difficult transition into the fall season” owing to unseasonably warm weather and ongoing macroeconomic  uncertainty. “We remain confident in our strategy and our ability to navigate headwinds,” Mr Howe added.