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MarketScreener Homepage  >  Equities  >  Nyse  >  Designer Brands Inc.    DBI

DESIGNER BRANDS INC.

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Designer Brands : Hy-Vee Opens Its First DSW Designer Shoe Warehouse Shop-in-Shops in Twin Cities

09/22/2020 | 09:25am EST

MINNEAPOLIS, Minn. - Hy-Vee, Inc. announces today that it has opened its first DSW Designer Shoe Warehouse shop-in-shops in the Twin Cities. The first locations opened at the Brooklyn Park and Eagan Hy-Vee stores with four more locations scheduled to open over the next two weeks.

The DSW shop-in-shops are a new concept, resulting from Hy-Vee's recent partnership with Designer Brands Inc., parent company of DSW and one of North America's largest designers, producers and retailers of footwear and accessories. The new shop-in-shops offer customers a digitally supported, in-store shopping experience, featuring footwear products for women, men and kids. In the DSW shop-in-shop, customers are able to try on shoes and select from a variety of athletic, fashion, casual and iconic brands.

Select locations will feature in-store DSW pickup lockers, allowing customers to order from dsw.com and have their order shipped directly to the store. Customers are notified via text when their order is ready to be picked up and are provided a code to enter at the locker. Additionally, each location also features a DSW digital showroom wall, displaying 100 of the top trending shoes of the season. Shoes on the wall can be ordered via a QR code from dsw.com and shipped directly to a customer's home or shipped to the store's DSW pickup locker. Customers are also able to redeem DSW VIP rewards and promotions at the shop-in-shop locations.

'We continue to innovate and help today's consumer by offering them an easier and more convenient way to shop quality footwear for their families,' said Randy Edeker, Hy-Vee's chairman, president and CEO. 'By combining in-store and online shopping experiences together with DSW, we are able to meet the unique needs of every shopper and make the shopping experience - whether in-store, online or both, seamless.'

'We are thrilled to deliver Hy-Vee customers a convenient way to purchase footwear through a digitally supported, in-store experience that offers customers - regardless of their shopping preference - multiple options to view, try and buy shoes,' said Designer Brands Chief Growth Officer Bill Jordan. 'Designer Brands continues to innovate the retailing experience and we remain committed to bring our customers differentiated experiences and address their evolving shopping habits.'

The new DSW shop-in-shops can be found at the following locations:

Brooklyn Park Hy-Vee, 9409 Zane Ave. N., Brooklyn Park, MN; Open

Cottage Grove Hy-Vee, 7280 E. Point Douglas Road S., Cottage Grove, MN; Opens Sept. 25

Eagan Hy-Vee, 1500 Central Park Commons Dr., Eagan, MN; Open

Lakeville Hy-Vee, 16150 Pilot Knob Road, Lakeville, MN; Opens Sept. 25

Savage Hy-Vee, 6150 Egan Drive, Savage, MN; Opens Oct. 2

Shakopee Hy-Vee, 1451 Adams St. S., Shakopee, MN; Opens Oct. 2

Hy-Vee plans to open several more shop-in-shop locations across its eight-state region in 2021.

Hy-Vee, Inc. is an employee-owned corporation operating more than 275 retail stores across eight Midwestern states with sales of $10 billion annually. The supermarket chain is synonymous with quality, variety, convenience, healthy lifestyles, culinary expertise and superior customer service. Hy-Vee ranks in the Top 10 Most Trusted Brands and has been named one of America's Top 5 favorite grocery stores. The company's more than 85,000 employees provide 'A Helpful Smile in Every Aisle' to customers every day. For additional information, visit www.hy-vee.com.

About Designer Brands

Designer Brands is one of North America's largest designers, producers and retailers of footwear and accessories. The Company operates a portfolio of retail concepts in nearly 1,000 locations under the DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse banners and services footwear departments in the U.S. through its Affiliated Business Group. Designer Brands designs and produces footwear and accessories through Camuto Group, a leading manufacturer selling in more than 5,400 doors worldwide. Camuto Group owns licensing rights for the Jessica Simpson footwear business, and footwear and handbag licenses for Lucky Brand and Max Studio. In partnership with a joint venture with Authentic Brands Group, Designer Brands also owns a stake in Vince Camuto, Louise et Cie, CC Corso Como, Enzo Angiolini and others. More information can be found at www.designerbrands.com.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 2 299 M - -
Net income 2021 -347 M - -
Net Debt 2021 78,3 M - -
P/E ratio 2021 -1,83x
Yield 2021 1,20%
Capitalization 600 M 600 M -
EV / Sales 2021 0,29x
EV / Sales 2022 0,24x
Nbr of Employees 15 800
Free-Float 63,0%
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Mean consensus HOLD
Number of Analysts 9
Average target price 6,69 $
Last Close Price 8,29 $
Spread / Highest target 8,56%
Spread / Average Target -19,4%
Spread / Lowest Target -48,1%
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NameTitle
Roger L. Rawlins Chief Executive Officer & Director
Deborah L. Ferrée President & Vice Chairman-Management Board
Jay L. Schottenstein Executive Chairman
Jared A. Poff Chief Financial Officer & Executive Vice President
Drew T. Domecq Chief Information Officer & Executive VP
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