Designer Brands, Inc.

Designer Brands, Inc.

Designer Brands, Inc.

Overview
Date Founded

1969

Headquarters

810 DSW Drive,Columbus, OH 43219

Type of Company

Public

Employees (Worldwide)

15.8K

Industries

Retail: Apparel & Footwear
Retail: Other
Apparel & Footwea

Company Description

Designer Brands, Inc. engages in the design, production, and retail of footwear and accessory brands. It operates through the following segments: U.S. Retail, Canada Retail, Brand Portfolio, and Others. The U.S. Retail segment focuses on stores operated in the U.S. under the DSW Designer Shoe Warehouse banner and its related e-commerce site. The Canada Retail segment comprises stores operated in Canada under The Shoe Company, Shoe Warehouse, and DSW Designer Shoe Warehouse banners and related e-commerce sites. The Brand Portfolio segment includes sales from wholesale, First Cost, and direct-to-consumer e commerce sites. The Other segment refers to the ABG and Ebuys business. The company was founded on January 20, 1969 and is headquartered in Columbus, OH.

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Executives & Employees

Vice Chairman & President

Interim President, Designer Shoe Warehouse

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Commercial Officer

Chief Information Officer & Executive Vice President

Chief Growth Officer

Chief Administration Officer & Executive Vice President

Senior Vice President & Controller

Executive Vice President

President, Shoe Company

Board of Directors

Founder at Accesscircles LLC

Director & Executive Vice President at Schottenstein Stores Corp.

Former Partner at Weiser LLP

Limited Partner at Lead Edge Capital Management LLC

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Owners & Shareholders
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Towle & Co. employs a fundamental, deep value investment approach that seeks to achieve above-average capital appreciation. Their deep value investment strategy focuses on identifying and capitalizing on investments the stocks of publicly-traded companies that are undervalued relative to their underlying, intrinsic value. The firm seeks absolute value through investments in primarily small-cap and micro-cap stocks, typically with market-caps less than $2 billion. Towle & Co. tends to invest in the stocks of companies in the financial services, manufacturing, consumer products, retail, transportation and energy sectors. The firm does not invest in companies involved in tobacco, liquor or gaming. They invest mainly in the stocks of US companies. Towle & Co. maintains a low turnover rate.The firm's fundamental investment approach begins with a screen to identify companies with low price-to-book value, low p/e (current or potential) and low price-to-sales ratios.They often invest in companies operating in out-of-favor or consolidating industries that have stagnating or declining stocks prices. Companies should have total debt that is less than the shareholders' equity and possess a strong market position or technological leadership. Companies must also demonstrate the ability to prudently finance their on-going business activities. Towle & Co. seeks to invest in stocks that are selling at less than 6 times the total enterprise value to earnings before interest, taxes, depreciation and amortization expense.To determine upside potential and downside risk, the firm performs a financial evaluation that includes an analysis of historical and current profitability, liquidity, leverage and asset management. this analysis is followed by a review of industry prospects and the company's competitive position. Towle & Co. then projects the company's earnings power, cash flow generating capability and financial condition. They use the private market transaction values and profitability characteristics of comparable companies to determine a company's earnings potential over the next 3 years. To be included in a portfolio, a company's 3 year earnings potential must provide a minimum return on market value of 15%.Sell targets are established for each company in a portfolio. these targets usually represent a 50% to 100% increase from the market value at the time of the initial purchase. An estimate of a company's future earnings potential is determined by assigning a conservative multiple (8 to 13x) to the company's earnings potential in the third year. Sell targets are continuously monitored and are periodically adjusted as business and market conditions change. These period reviews may result in an upward or downward adjustment of the sell target or in the decision to sell the position.

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Goodman Financial Corp.'s security selection process seeks to maximize growth while remaining within each client's risk tolerance. Capital preservation, however, is also an important consideration of their investment philosophy. The firm believes it is inappropriate to take unwarranted risk in both portfolio structure and individual securities. Portfolio turnover is minimal in accordance with tax efficiency; however, Goodman continuously reviews investment alternatives and implement changes when more attractive opportunities become available to maximize total return. Goodman provides investment advice regarding all types of securities but their focus is on building client investment portfolios through the purchase of individual bonds and equities. As appropriate, the firm invests in public companies that are expected to benefit from movements in commodity prices without exposing a portfolio to the volatility of derivatives that is inherent with futures and options contracts. They may also invest in real estate through publicly traded REITS.

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Masters Capital Management''s investment philosophy allows a wide variation in investment selections for their funds. The firm will invest in many sectors of stock markets regardless of industry type, capitalization, or whether the underlying company is engaged in cyclical or growth business. Their philosophy is best described as opportunistic, rather than fitting neatly into one of the fund industry categories, such as growth or value. However, the investment methodology necessitates a general focus on equities with reasonable daily trading liquidity.

Recent Transactions
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Designer Brands, Inc. purchases Town Shoes Ltd. from Clearspring Capital Partners

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Designer Brands, Inc., DSW Shoe Warehouse, Inc. purchase eBuys, Inc.

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Designer Brands, Inc. purchases Town Shoes Ltd. from Clearspring Capital Partners, Alberta Investment Management Corp. (Private Equity)

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onDesigner Brands, Inc. purchases Retail Ventures, Inc.

Investment Advisor

Advised onDesigner Brands, Inc. purchases Town Shoes Ltd. from Clearspring Capital Partners, Alberta Investment Management Corp. (Private Equity)

Underwriter

Advised onDesigner Brands, Inc. issued USD Common Stock

Co-Chair, Executive Compensation Practice

Advised onDesigner Brands, Inc. purchases Town Shoes Ltd. from Clearspring Capital Partners, Alberta Investment Management Corp. (Private Equity)

Legal Advisor

Advised onDesigner Brands, Inc., DSW Shoe Warehouse, Inc. purchase eBuys, Inc.

Advisors & Consultants
Legal Advisor

Partner & Chair, Real Estate at Morrison Cohen LLP

Consultant

Chief Technology Officer at Equities.com, Inc.

Legal Advisor

Partner at Wood Herron & Evans LLP

Clients

Stein Mart, Inc. is a fashion retailer offering a distinctive assortment of brand name and designer apparel, accessories and shoes for women and men and home fashions – all at savings of up to 60 percent off department store prices every day. Our customers look to Stein Mart for current-season styles, brands, quality and value presented in an upscale, department store environment. We create a shopping experience that is more attractive than other off-price retailers by focusing on ease-of-shopping, service and presentation of merchandise by category, brand, style and size. Our stores are in convenient, off-mall locations and our typical store is approximately 35,000 square feet. We believe our fashion assortment and value, coupled with our shopping experience and convenience differentiates Stein Mart from other fashion retailers and allows us to attract loyal customers. We operate over 260 Stein Mart stores in 29 states from Florida to California.

Hy-Vee, Inc. owns and operates a chain of grocery and drug stores. It operates stores located in midwestern states that include Iowa, Illinois, Missouri, Kansas, Nebraska, South Dakota, Minnesota and Wisconsin. The firm provides information on diet, nutrition and wellness topics. The company was founded in 1930 by Charles Hyde and David Vredenburg and is headquartered in West Des Moines, IA.

Key Stats and Financials As of 2020
Market Capitalization
$455M
Total Enterprise Value
$2.17B
Earnings Per Share
$1.27
Revenue
$3.49B
Net Profit
$94.5M
EBITDA
$229M
EBITDAMargin
6.56%
Total Debt
$1.22B
Total Equity
$721M
Enterprise Value Sales
0.62x
Enterprise Value EBITDAOperating
4.98x
TEVNet Income
23.01x
Debt TEV
0.56x
Three Year Compounded Annual Growth Rate Of Revenue
8.81%
Five Year Compounded Annual Growth Rate Of Revenue
6.95%
Non-Profit Donations & Grants
$5,000 - $10K
2018
$500 - $999
2018
$1,800 - $4,999
2018
Investments
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Town Shoes Ltd. owns and operates shoe stores. It sells and distributes women's and men's footwear, handbags and accessories. The company was founded by Leonard Simpson in 1952 and is headquartered in Downsview, Canada.

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Feetz, Inc. manufactures and sells custom made footwear. It offers SizeMe technology based custom 3D printed shoes in various styles, colors, and patterns. The firm provides various shoe sizes for small feet, large feet, bunions, flat feet, high arches, and more. It offers its products through retailers and distributors. The company was founded by Lucy Beard and Nigel Beard in 2013 and is headquartered in Chattanooga, TN.

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Bauble Bar, Inc. engages in the online retail of jewelry in the United States and internationally. It provides necklaces, earrings, bracelets, rings, and personalized products. The company was founded by Amy Jain and Daniella Yacobovsky in 2010 and is headquartered in New York, NY.

Investors
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Former Chairman & Chief Executive Officer at American Eagle Outfitters, Inc.

Suppliers
Steven Madden Ltd. Retail: Other | Long Island City, NY

Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women's, men's, girl's and children's footwear. The Wholesale Accessories segment comprises of branded and private label handbags; belts and small leather goods; and cold weather and selected other fashion accessories. The Retail segment distributes branded women's, men's and children's footwear, accessories, and licensed products to consumers. The First Cost segment earns commissions and design fees for serving as a buying agent of footwear products to mass-market merchandisers, mid-tier department stores,and other retailers with respect to their purchase of footwear. The Licensing segment licenses its trademarks for use in connection with the manufacture, marketing, and sale of outerwear, hosiery, active wear, sleepwear, jewellery, watches, hair accessories, umbrellas, bedding, luggage, and men's leather accessories. The company was founded by Steven L. Madden on July 9, 1990 and is headquartered in Long Island City, NY.

Caleres, Inc. Industrial Machinery & Manufacturing | St. Louis, MO

Caleres, Inc. engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men. The Other segment covers corporate assets, administrative expenses, other costs, and recoveries that are not allocated to the operating units. The company was founded by George Warren Brown in 1878 and is headquartered in St. Louis, MO.

Kite Realty Group Trust Real Estate | Indianapolis, IN

Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.

Competitors
Kohl's Corp. Retail: Apparel & Footwear - Menomonee Falls, WI

Kohl's Corp. owns and operates family-oriented department stores. It offers apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.

Gap, Inc. Retail: Apparel & Footwear - San Francisco, CA

Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags and fragrances. The Athleta segment offers fitness apparel for women. The Intermix segment features styles from various designers. The company founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.

Tapestry, Inc. Retail: Apparel & Footwear - New York, NY

Coach was founded in 1941 as a family-run workshop. In a Manhattan loft, six artisans handcrafted a collection of leather goods using skills handed down from generation to generation. Discerning consumers soon began to seek out the quality and unique nature of Coach craftsmanship. Now greatly expanded, Coach continues to maintain the highest standards for materials and workmanship. Coach’s exceptional work force remains committed to carefully upholding the principles of quality and integrity that define the company. We attribute the prominence of the Coach brand to the unique combination of our original American attitude and design, our heritage of fine leather goods and custom fabrics, our superior product quality and durability and our commitment to customer service. During the last decade, Coach has emerged as America's preeminent designer, producer, and marketer of fine accessories and gifts for women and men including handbags, men’s bags, women’s and men’s small leathergoods, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, fragrance, fine jewelry and related accessories. Continued development of new categories has further established the signature style and distinctive identity of the Coach brand. Together with our licensing partners, we also offer watches, footwear, eyewear and fragrance bearing the Coach brand name in select department stores and specialty retailer locations.

Awards & Honors
Rank #812
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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