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Footwear retailer Designer Brands names DSW President Doug Howe as CEO, backs 2022 guidance

marketwatch
Jan 05, 2023

Footwear retailer Designer Brands Inc. DBI, +2.60% said Thursday its board has named Doug Howe, currently president of DSW, to succeed Roger Rawlins as chief executive, effective April 1. Rawlins will step down from his role and leave the board but will work with the company for 12 months as strategic adviser. Howe has more than 30 years of experience in the retail industry and has been president of DSW since May of 2022, joining from Kohl’s Inc. KSS, +6.19%, where he was chief merchandising officer. The parent of DSW and The Shoe Company reaffirmed its 2022 guidance for same-store sales growth in the mid-single digits and EPS of $1.75 to $1.80. The stock was down 1.9% premarket and has fallen 33% in the last 12 months, while the S&P 500 SPX, +0.75% has fallen 18%.

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