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DBI News and Press, Designer Brands Inc. Class A From 08/18/20

Stock Information

Company Name: Designer Brands Inc. Class A
Stock Symbol: DBI
Market: NYSE
Website: designerbrands.com

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DBI - Mall names drop in jittery trading following Kohl's, Walmart earnings

Apparel stocks are retreating after a brutal read from Kohl's on July trends. More news on: Nordstrom, Inc., Macy's, Inc., The Children's Place, Inc., Consumer stocks news, Stocks on the move, Read more ...

DBI - What Michael Burry (Of 'The Big Short') Added During The COVID-19 Bounce Back

Michael Burry is the investor whose story was made into The Big Short , and one of the most famous investors to come out of the global financial crisis. He runs Scion Asset Management. As Scion's assets under management are large enough to demand SEC filings, we can get a once-per-quarter gli...

DBI - Work-from-home reality wreaks havoc with apparel prices

There were some pretty frightening numbers for the apparel sector in today's consumer prices report from the Bureau of Labor Statistics. More news on: L Brands, Inc., The Gap, Inc., Abercrombie & Fitch Co., Consumer stocks news, Read more ...

DBI - Designer Brands Buoys Liquidity by Adding on More Debt

Footwear retailer Designer Brands (NYSE: DBI) announced today it was shoring up its financial position by replacing an existing cash flow revolving loan with a new asset-backed loan of the same amount. It is also taking out a new term loan to give itself more financial flexibility. With alm...

DBI - Designer Brands Inc. Provides Business Update on Enhanced Financial Flexibility Measures

COLUMBUS, Ohio , Aug. 7, 2020 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company"), one of North America's largest designers, producers and retailers of footwear and accessories, today announced steps taken to enhance the Company's financial flexibility, including re...

DBI - Designer Brands to Eliminate Over 1,000 Jobs, 350 of Them Permanently

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 w...

DBI - As More People Venture Outdoors, 3 Footwear Stocks to BUY

Sports, concerts, and bars are no longer options. Instead, people are working out outside, hiking, and camping. NKE, SKX, and DBI are going to benefit from people being more active. Life has dramatically changed in the past, few months. Going to sports games, movies, amusement parks, an...

DBI - Apparel outperforms on the day as some green shoots emerge

A number of mall retailers are trading higher even with Ascena Retail ( ASNA -25.2% ) filing to reorganize under bankruptcy protection earlier today. More news on: G-III Apparel Group, Ltd., Genesco Inc., Designer Brands Inc., Consumer stocks news, Stocks on the move, Read more ....

DBI - Matt retail slumps with exception of Lululemon

Mall retailers are falling sharply after another weekend of rising COVID cases and hospitalizations in parts of the U.S. lowers expectations for store traffic in the coming weeks. More news on: Designer Brands Inc., The Children's Place, Inc., The Buckle, Inc., Consumer stocks news, Stocks...

DBI - Retail sector tripped up again by COVID-19 anxiety

The retail sector is taking a step back as COVID-19 developments in Texas, Florida and Arizona set a worrying tone on retail store traffic. The biggest concern is the higher number of recent hospitalization due to the virus, including people under the age of 40. More news on: Chico's FAS, ...

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