DBI - Designer Brands: Still A 'Show Me' Story

• Designer Brands outlined some promising new mid-term financial targets, but secular headwinds remain a concern.
• The focus on owned brands and the planned shifts in supply chain/sourcing are positives but could result in margin pressure down the line.
• While the stock trades at undemanding valuations, I remain in 'wait-and-see' mode pending evidence of sustained growth/margin stability.

For further details see: