Designer Brands saw an 8 per cent drop in its net sales to $686.9 million for the first quarter of this year as compared to the same period last year.

Its gross profit decreased from $330 million during the first quarter of last year to $295.1 million, with its gross margin dropping from 44.2 per cent to 43 per cent. 

The company’s comparable sales decreased by 7.8 per cent, and it reported a net loss of $17.4 million. 

“We experienced a soft start to 2025 amid an unpredictable macro environment and deteriorating consumer sentiment,” said Doug Howe, CEO of Designer Brands.

“We have shifted our near-term focus to amplifying value in our retail channels, preserving margins, controlling costs, and mitigating the impact of tariffs as part of our response to this volatility.”

It withdrew its guidance for this year, citing uncertainty in global trade policies and macroeconomic conditions. 

“Moving forward, our efforts remain focused on disciplined execution of the initiatives within our control to build a business rooted in the strength of our brand, centred on the customer, and positioned for long-term value creation,” said Howe.

The company’s portfolio includes Topo Athletic, Keds, Vince Camuto, and Jessica Simpson, among others.