Alex Vasque's questions to Designer Brands Inc (DBI) leadership • Q2 2024
Question
Alex Vasque of William Blair inquired about the risks embedded in the second-half guidance and the potential for strategic changes to the brand portfolio, such as acquisitions or divestitures, to align with current consumer trends.
Answer
CEO Douglas Howe explained that the back-half plan has been significantly 'derisked' by reducing seasonal boot inventory and increasing the focus on the growing athletic and athleisure categories. CFO Jared Poff added that while legacy dress brands are mostly licensed, the company is finding success with specific items like Vince Camuto's wide calf boots and is seeing strong momentum with the Jessica Simpson brand.