Designer Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’
Designer Brands slashed its guidance for the full year after reporting lower-than-expected sales and earnings in the third quarter ended Oct. 28 as consumers continued to be selective and an industry-wide decline in seasonal footwear had an “outsized” impact on the U.S. footwear group given its large seasonal assortment.
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