On June 10, 2025, Designer Brands reported its financial results for the first quarter of 2025. Commenting on the results, Designer Brands’ CEO stated that “[w]e experienced a soft start to 2025 amid an unpredictable macro environment and deteriorating consumer sentiment.” Further, he stated that “[g]iven the persistent instability and pressure on consumer discretionary spend, we’ve made the decision to withdraw our 2025 guidance for the time being.”
On this news, Designer Brands’ stock fell 18.2% on June 10, 2025.