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.

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Source Fool.com