Designer Brands Inc. has filed a lawsuit in Franklin County, Ohio, seeking to prevent Worldpay from terminating its credit and debit card processing agreement ahead of the contract’s scheduled expiration on May 31, 2026. Worldpay had attempted to end the agreement early, citing an alleged breach related to a financial metric, which Designer Brands disputes. The court has issued a temporary restraining order requiring Worldpay to continue its services until at least the contract’s end date. Designer Brands relies on Worldpay as the sole processor for nearly 500 DSW Designer Shoe Warehouse stores and for more than half of its online sales. The company is also seeking damages and is exploring alternative payment processing solutions to avoid potential disruptions to its operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Designer Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001319947-26-000002), on January 29, 2026, and is solely responsible for the information contained therein.