DBI - Mark Haley Implements A Sell Strategy: Offloads $174K In Designer Brands Stock | Benzinga
It was reported on March 28, that Mark Haley, SVP at Designer Brands (NYSE:DBI) executed a significant insider sell, according to an SEC filing.
What Happened: Haley opted to sell 16,125 shares of Designer Brands, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $174,827.
As of Friday morning, Designer Brands shares are up by 2.92%, currently priced at $10.93.
About Designer Brands
Designer Brands Inc is a designer, producer, and retailer of footwear and accessories. The company operates in three reportable segments: the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment operates the DSW Designer Shoe Warehouse banner through its direct-to-consumer U.S. stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. The Brand Portfolio segment earns revenue from the sale of wholesale products to retailers, commissions for serving retailers as the design and buying agent for products under private labels, and the sale of branded products through its direct-to-consumer e-commerce sites.
Designer Brands: A Financial Overview
Negative Revenue Trend: Examining Designer Brands's financials over 3 months reveals challenges. As of 31 January, 2024, the company experienced a decline of approximately -0.81% in ...