Why Designer Brands Plummeted 28% This Week
Shares of Designer Brands (NYSE: DBI) were falling sharply from where they ended last week, according to data from S&P Global Market Intelligence. The stock was down 27.9% for the week at 11:41 a.m. ET on Friday.
Most of the losses came yesterday after the shoe outlet reported third-quarter earnings that fell short of Wall Street expectations on the top and bottom line.
Image source: Getty Images.
Source Fool.com
