Shares of shoe retailer Designer Brands (NYSE: DBI) were falling again on Monday, down about 10.1% as of 1:30 p.m. EDT, after investors faced the growing likelihood that retail stores in the U.S. could be shut down for much longer than initially expected.
Investors in Designer Brands, the parent company of DSW Designer Shoe Warehouse and other shoe retail chains, have to be growing more worried about the company's prospects as it becomes clear that the novel coronavirus pandemic is likely to require weeks, if not months, of near-total shutdowns in the U.S.
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