Why Designer Brands Shares Are Tumbling Today
Shares of shoe retailer Designer Brands (NYSE: DBI) were down sharply on Thursday morning, as growing fears of a virus pandemic's effects on business drove a broad-based market sell-off.
As of 11:30 a.m. EDT, Designer Brands shares were down 15.5% from Wednesday's closing price.
Designer Brands is the parent company of the DSW Shoe Warehouse retail chain. It also owns brand designer Camuto Group, which it acquired in 2018 with the goal of bringing some shoe design and production capabilities in-house.
Source Fool.com
