Formerly |
|
---|---|
Type | Public |
Industry | Retail |
Founded | January 20, 1969 |
Headquarters | , |
Number of locations | 501 |
Key people |
|
Revenue | US$3.493 billion (2019) |
US$124.9 million (2019) | |
US$94.5 million (2019) | |
Total assets | US$2.465 billion (2019) |
Total equity | US$750.5 million (2020) |
Number of employees | 16,100 (2019) |
Subsidiaries |
|
Website | www |
Footnotes /references [1] [2] [3] [4] |
Designer Brands Inc. is an American company that sells designer and name brand shoes and fashion accessories. It owns the Designer Shoe Warehouse (DSW) store chain, and operates over 500 stores in the United States and an e-commerce website. [5]
The company also owns private-label footwear brands including Audrey Brooke, Kelly & Katie, Lulu Townsend, and Poppie Jones.
The company was founded in 1969 as Shonac Corporation, as the shoe licensee for Value City. [1] [6] In July 1991, the company opened its first store, which was in Dublin, Ohio. [1] In 1998, the company was acquired by Value City. [6] By 1999, the company had 48 stores. [7]
In December 2004, the company was acquired by Retail Ventures, an affiliate. In March 2005, the company experienced massive data theft, including customer data from 1.4 million credit card transactions. [8] In June 2005, the company became a public company via an initial public offering. [9] [10] In April 2008, the company launched its e-commerce website.
In 2011, the company acquired Retail Ventures, its largest shareholder. [11] In 2014, the company acquired 44% of Town Shoes, a chain of Canadian shoe stores, and entered into a licensing agreement for the DSW name. [12] In February 2016, the company acquired Ebuys for $62.5 million. [13] In July 2016, the company added shoes for children to its inventory. [14] In August 2016, the company entered into a franchising agreement with Apparel Brands to open DSW stores in the Middle East. [15]
In March 2017, the company reached a deal with Under Armour to carry Under Armour shoes in DSW stores. [16] In June 2017, the company opened a store in Oman, its first store in the Middle East. [17] In May 2018, the company acquired the remaining shares of Town Shoes to obtain complete ownership of the company. [18]
In February 2019, the company announced an addition of nail salons to 5 stores, after testing the concept in 2 stores in Columbus, Ohio. [19] In March 2019, DSW rebranded their corporate name to Designer Brands. [20] The company also changed its ticker symbol on the NYSE from "DSW" to "DBI" effective April 2, 2019.
Entertainer Jennifer Lopez collaborated with the brand to launch the March 2020 line. When the chain closed all its retail stores due to the COVID-19 pandemic, and fashion trends shifted as a result of the increase in remote work, the line was redesigned to include sneakers and comfort shoes. [21]
American Eagle Outfitters, Inc. is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc., a company that also owned and operated Silverman's Menswear. The Silvermans sold their ownership interests in 1991 to Jacob Price of Knoxville, Tennessee. American Eagle Outfitters is the parent company of Aerie and Todd Snyder.
Genesco Inc. is an American publicly owned specialty retailer of branded footwear and accessories and is a wholesaler of branded and licensed footwear based in Nashville, Tennessee. Founded as the Jarman Shoe Company in 1924 as a footwear manufacturer, the company changed its name to the General Shoe Company in 1931 and became a public company in 1939. The company took its current name, Genesco, in 1959. Genesco exited footwear manufacturing in 2002 and now contracts with independent, third parties located outside the United States to manufacture its branded and licensed footwear. In June 2011, Genesco acquired U.K. retail chain and web business Schuh, which gave them an already well-established grounding in a market outside of the U.S.
Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel headquartered in Baltimore, Maryland, United States.
Shopko was a chain of department stores based in Green Bay, Wisconsin. All locations closed on June 23, 2019, with the exception of the Shopko Optical locations, which continue to operate.
Payless ShoeSource Worldwide, LLC, is an international discount footwear chain. Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by Blum Capital, and Golden Gate Capital. In 1961, it became a public company as the Volume Shoe Corporation, which merged with The May Department Stores Company in 1979. In the 1980s, Payless was widely known in the U.S. for its Pro Wings line of discount sneakers, which often had Velcro straps instead of laces. In 1996, Payless became an independent publicly held company. In 2004, Payless announced it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. The company had a total revenue for 2011 of US$3.4 billion. The company also has a stunt premium banner, Palessi Shoes. Payless is currently owned by a group of investors led by Alden Global Capital and Axar Capital Management.
Foot Locker, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in over 40 countries.
Shoe Carnival Inc. is an American retailer of family footwear. The company operates 377 stores throughout the midwest, south, and southeast regions. It was founded by David Russell in 1978 and is headquartered in Evansville, Indiana.
Town Shoes Ltd. was a Canadian chain of shoe stores founded by Leonard Simpson in 1952.
Retail Ventures was a holding company originally created in 2003 for DSW, Filene's Basement, and Value City Department Stores. The retailer's initial public offering was in 1991 under the Value City name. Value City went on to purchase the DSW shoe business in 1998 and Filene's Basement in 2000.
Jay Schottenstein is an entrepreneur from Columbus, Ohio. He is the chairman and CEO of Schottenstein Stores Corporation, American Eagle Outfitters, and American Signature. He is the Executive Chairman of Designer Brands.
JD Sports Fashion plc, commonly known as JD Sports, JD or JD Group is a British sports-fashion retail company based in Bury, Greater Manchester, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The Pentland Group owns 55% of the company.
Steve & Barry's was an American retail clothing chain, featuring casual clothing, footwear and accessories. Headquartered in Port Washington, New York, the chain operated 276 stores in 39 states before liquidating throughout 2008 and 2009.
The Shoe Company is a Canadian shoe store, originating in Greater Toronto Area in 1992. From its inception, The Shoe Company was operated by conglomerate Town Shoes. The founder of Town Shoes, Leonard Simpson, had predicted a growth opportunity for footwear to be sold in a big box format.
National Stores Inc., was a family-owned company headquartered in the Harbor Gateway area of Los Angeles, California with 88 locations in 5 states including Puerto Rico, and employed 2200 people nationwide as of January 2022. As of 2023 National Stores Inc. no longer has any operating stores within the continental U.S.
Authentic Brands Group LLC (ABG) is an American brand management company headquartered in New York City. Its holdings include various apparel, athletics, and entertainment brands, which it partners with other companies to license and merchandise. ABG owns more than 50 consumer brands, as well as the likeness rights or estates of celebrities, including Muhammad Ali, Elvis Presley, and Marilyn Monroe.
Edison Brothers Stores, Inc., was a retail conglomerate based in St. Louis, Missouri. It operated numerous retail chains mainly located in shopping malls, mostly in the fields of shoes, clothing and entertainment, with Bakers Shoes as its flagship chain. The company was liquidated and condemned in 1999, though some of the chains it operated continued under different owners.
Allbirds, Inc. is a New Zealand and American company that sells footwear and apparel. The company claims to keep its products as eco-friendly as possible and is a certified B Corporation. Allbirds uses a direct-to-consumer model in conjunction with distribution via select additional stores, selling its products through its website and retail stores in addition to select Nordstrom and Dick's Sporting Goods locations.
Michaels Stores, Inc., more commonly known as Michaels, is a privately held chain of American and Canadian arts and crafts stores. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators. The company is part of The Michaels Companies, founded in 2014 and headquartered in Irving, Texas. In addition to Michaels stores, The Michaels Companies operates Aaron Brothers Custom Framing store-within-a-store, and Artistree, a manufacturer of custom and specialty framing merchandise. The company also develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Décor, Bead Landing, Creatology, and Ashland. As of January 2021, there were 1,252 Michaels stores in 49 out of 50 states in the U.S., and Canada, with approximately $5.362 billion in sales for fiscal 2020.
Overland Footwear Group is a New Zealand and Australian footwear and fashion retail company. It operates the Merchant 1948 and Mi Piaci retail chains in both countries and produces its own footwear lines.
Accent Group is an Australian and New Zealand footwear and clothing retail, wholesaling and distribution company. It has more than 700 retail stores, along with 19 brands, and more than 20 online platforms.