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DBI - Designer Brands to Eliminate Over 1000 Jobs 350 of Them Permanently
Designer Brands Inc. Class A
Business is not coming back to Designer Brands(NYSE: DBI), which announced it is eliminating over 1,000 jobs -- some 8% of the total workforce at the footwear retailer -- though more than half of those employees will be offered new positions at the company.
The jobs being done away with represent over 700 store positions and 380 corporate positions. The latter number makes up more than one-fifth of the corporate workforce.