Designer Brands Leans Into Athletic Footwear to Make Gains
Designer Brands (NYSE: DBI) is mostly a casual and dress shoe retailer, but it read the pandemic-led trend toward in-home fitness and leaned into it in the third quarter by adding more athletic shoe styles to its stores.
Although its third-quarter earnings report was still ugly, the change helped minimize the blow and allowed it to see a significant increase in penetration in the athletic footwear segment.
Image source: Getty Images.
Source Fool.com
