DBI News and Press, Designer Brands Inc. Class A From 11/24/20

Designer Brands Inc. Announces Third Quarter 2020 Earnings Release Date PR Newswire COLUMBUS, Ohio, Nov. 24, 2020 COLUMBUS, Ohio , Nov. 24, 2020 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI), one of North America's largest designers, produce...

Select apparel stocks are breaking higher as the latest batch of earnings reports include stronger-than-anticipated sales tallies and gross margin rates (see Movado's details). Some recent management commentary on demand in China is also helping to tip sentiment.Recent vaccine news and relati...

Retail stocks got another shot in the arm today as AstraZeneca , in tandem with Oxford University, became the third pharmaceutical company in as many weeks to announce positive phase 3 coronavirus vaccine results, saying that its vaccine regimen had an efficacy rate of as high as 90...

A combination of positive vaccine news and some positioning ahead of the holiday shopping season has investors checking back into the mall sector.Also of note, an upgrade arrived today on Gap from JPMorgan that was positive on retail in general. Macy's ([[M]] +13.9%), Kohl's ([[KSS]] +5....

Susquehanna is out with a strong recommendation of Shoe Carnival ([[SCVL]] -1.0%) after digesting the Q3 earnings report."SCVL has the best consumer engagement within family footwear due to the ever-improving use of its best-in-class CRM, in our view," updates analyst Sam Poser.Poser thinks i...

Retail is having a strong day after Target and TJX Companies TJX reported earnings early in the day. Notable gainers include Express ([[EXPR]] +23.3%), Chico's FAS ([[CHS]] +22.0%), Designer Brands ([[DBI]] +11.6%), Guess ([[GES]] +7.5%), Abercrombie & Fitch ([[ANF]] +4.9%), Burlington St...

Investors are playing the long game on apparel retail stocks after Moderna reported a 94.5% efficacy rate with its COVID-19 vaccine in a Phase 3 trial. Gainers include Nordstrom ([[JWN]] +3.4%), Dillard's ([[DDS]] +4.9%), Kohl's ([[KSS]] +2.6%), Macy's ([[M]] +0.9%), Designer Brands ([[DBI]] ...

From Monday's high, the S&P 500 is down nearly 4%. There are some concerns that the vaccine may result in a stimulus bill not passing. This would be bad for the economy in the short-term as case counts are rising. Investors need to be even more judicious when making their stock picks. If ...

Mall names and department store stocks are underperformers as the rising rate of COVID-19 hospitalizations across a large number of U.S. states threatens store traffic again.While the vaccine news from earlier this week is still considered very promising, analysts have been pointing out since...

Designer Brands ([[DBI]] +13.7%) soars on a strong day for the mall sector in general.Earlier in the day, Susquehanna moved off its Negative outlook on DBI with an upgrade to Neutral.Analyst Sam Poser: "The stock price now reflects the significant challenges facing the company coming out of t...