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Designer Brands issued a press release on June 10, 2025, reporting its financial result for the first quarter of 2025. Among other items, Designer Brands announced its “decision to withdraw our 2025 guidance for the time being,” citing “a soft start to 2025 amid an unpredictable macro environment and deteriorating consumer sentiment” and the decision to “shift[] our near-term focus to amplifying value in our retail channels, preserving margins, controlling costs, and mitigating the impact of tariffs as part of our response to this volatility.”
Following this news, Designer Brands’ stock price fell over 18% on June 10, 2025.