DBI - This Growth Stock Is Just Getting Started. Should You Buy Now?
Ultra-growth stock Designer Brands (NYSE: DBI) is emerging as a potential leader in a recovering consumer discretionary sector. The stock of this designer, producer, and seller of footwear and accessories has surged nearly 30% since the start of the year, solidly outperforming the major indexes.
But amid supply chain pressures, logistical concerns, and a labor shortage, Designer Brands is also weathering current headwinds. Having its own flexible infrastructure, along with strategic partnerships, has allowed it to hold its edge through uncertain times.
Designer Brands' flagship store is DSW Designer Shoe Warehouse, and the company operates over 500 stores in 44 states. DSW specializes in brand name designer dress, casual, and athletic shoes. In addition to DSW Designer Shoe Warehouse, Designer Brands runs other brand concepts like The Shoe Company and Shoe Warehouse, both located in Canada.
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This Growth Stock Is Just Getting Started. Should You Buy Now?