The parent company of DSW has continued to be impacted by the global pandemic and a lack of footfall to stores.
The company has reported net losses of $134M, or $1.85 per share in the quarter ended January 30, 2021, in comparison to a loss of just $7.6M, or $11 per share in the same period a year ago. Sales have fallen by 26.5 per cent to $609.4M.
Chief Executive Officer, Roger Rawlins, commented: “I am proud of our team’s exceptional execution of our near-term strategy as we continued to pivot out assortment to athleisure and kids, focused on the top 50 brands in footwear and leaned even further into our digital-first capabilities.”
Moving forward, the brand intends to focus on improving its digital and omni-channel capabilities and leverage its design and sourcing.
