1611 ET - Designer Brands' inflection was delayed by seasonal headwinds in the latest quarter, William Blair analysts say in a research note. The greatest threat to Designer Brands remains a further deterioration in the core fashion and seasonal business at a faster rate than growth in athletic and athleisure can offset, the analysts say. Overall, growth at the brand portfolio into next year is expected to be driven by Topo and Keds, while the company continues to navigate near-term challenges in licensed and exclusive brands given the penetration of seasonal, the analysts add. Shares rise 3.8% to $6.01. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
December 10, 2024 16:11 ET (21:11 GMT)
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