Camuto Group news and archive

Designer Brands reaffirms full year guidance

Designer Brands’ first quarter net sales increased 0.6 percent to 746.6 million dollars, while comparable sales decreased by 2.5 percent. Reaffirming its guidance for the full year, the company said net sales growth is expected to be in low-single digits and adjusted diluted EPS is expected to range between 70 cents to 80 cents. "This quarter,...

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Designer Brands names two new executive appointments

US fashion retailer Designer Brands has announced two new executive appointments as it pushes forward with its focus on its omnichannel capabilities. Designer Brands vice chairman Debbie Ferrée has been appointed the additional role of president of Camuto Group, a position she has held on an interim basis since August 2020. In her new role, Ferr...

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Business

Designer Brands Q1 comparable sales up 52.2 percent

For the first quarter, Designer Brands Inc. reported net sales increase of 45.6 percent to 703.2 million dollars compared to the same period last year. The company’s comparable sales increased 52.2 percent versus the 42.3 percent decrease for the same period last year. Commenting on the first quarter performance, Roger Rawlins, the company’s...