Designer Brands (DBI) 10-Q 11 Sep 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Aug. 03, 2024	Sep. 04, 2024
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 03, 2024
Document Transition Report	false
Entity File Number	1-32545
Entity Registrant Name	DESIGNER BRANDS INC.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0746639
Entity Address, Address Line One	810 DSW Drive,
Entity Address, City or Town	Columbus,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43219
City Area Code	(614)
Local Phone Number	237-7100
Title of 12(b) Security	Class A Common Shares, without par value
Trading Symbol	DBI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--02-01
Entity Central Index Key	0001319947
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Shares
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		47,766,748
Class B Common Shares
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		7,732,733

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Net sales	$ 771,900	$ 792,217	$ 1,518,496	$ 1,534,299
Gross profit	252,914	273,387	497,983	511,126
Operating expenses	(226,896)	(214,530)	(465,447)	(434,649)
Income from equity investments	2,571	2,138	5,435	4,469
Impairment charges	0	(308)	0	(649)
Operating profit	28,589	60,687	37,971	80,297
Interest expense, net	(11,035)	(6,932)	(22,596)	(13,529)
Non-operating income (expenses), net	(109)	579	(252)	245
Income before income taxes	17,445	54,334	15,123	67,013
Income tax provision	(3,363)	(17,079)	(156)	(18,385)
Net income	14,082	37,255	14,967	48,628
Net income attributable to redeemable noncontrolling interest	(258)	(51)	(360)	(9)
Net income attributable to Designer Brands Inc.	$ 13,824	$ 37,204	$ 14,607	$ 48,619
Earnings per share attributable to Designer Brands Inc.:
Basic earnings per share	$ 0.24	$ 0.57	$ 0.25	$ 0.75
Diluted earnings per share	$ 0.24	$ 0.56	$ 0.25	$ 0.73
Weighted average shares used in per share calculations:
Basic shares	57,162	65,576	57,313	64,973
Diluted shares	58,576	66,997	58,978	66,863
Product
Net sales	$ 771,900	$ 792,217	$ 1,518,496	$ 1,534,299
Cost of sales	$ (518,986)	$ (518,830)	$ (1,020,513)	$ (1,023,173)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Net income	$ 14,082	$ 37,255	$ 14,967	$ 48,628
Other comprehensive income (loss)-
Foreign currency translation gain (loss)	(977)	1,277	(1,880)	460
Comprehensive income	13,105	38,532	13,087	49,088
Comprehensive income attributable to redeemable noncontrolling interest	(258)	(51)	(360)	(9)
Comprehensive income attributable to Designer Brands Inc.	$ 12,847	$ 38,481	$ 12,727	$ 49,079

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
ASSETS
Cash and cash equivalents	$ 38,834	$ 49,173	$ 46,187
Receivables, net	49,671	83,590	97,364
Inventories	642,783	571,331	606,841
Prepaid expenses and other current assets	66,760	73,338	50,308
Total current assets	798,048	777,432	800,700
Property and equipment, net	216,313	219,939	226,634
Operating lease assets	723,818	721,335	751,637
Goodwill	130,611	123,759	135,259
Intangible assets, net	86,334	82,827	72,640
Deferred tax assets	39,997	39,067	48,100
Equity investments	61,020	62,857	62,938
Other assets	50,993	49,016	49,430
Total assets	2,107,134	2,076,232	2,147,338
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND SHAREHOLDERS' EQUITY
Accounts payable	294,739	289,368	294,724
Accrued expenses	161,155	159,622	172,130
Current maturities of long-term debt	6,750	6,750	2,500
Current operating lease liabilities	156,394	166,531	181,484
Total current liabilities	619,038	622,271	650,838
Long-term debt	458,974	420,344	328,506
Non-current operating lease liabilities	653,416	646,161	682,248
Other non-current liabilities	16,642	24,948	22,784
Total liabilities	1,748,070	1,713,724	1,684,376
Commitments and contingencies
Redeemable noncontrolling interest	3,519	3,288	3,144
Shareholders' equity:
Common shares paid in-capital, no par value	1,038,061	1,030,765	1,025,662
Treasury shares, at cost	(782,771)	(764,802)	(685,048)
Retained earnings	107,774	98,896	124,094
Accumulated other comprehensive loss	(7,519)	(5,639)	(4,890)
Total shareholders' equity	355,545	359,220	459,818
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	$ 2,107,134	$ 2,076,232	$ 2,147,338

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Treasury Shares	Common Shares Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Class A Common Shares	Class A Common Shares Common shares	Class B Common Shares	Class B Common Shares Common shares	Treasury Shares	Treasury Shares Treasury Shares
Common Shares, Outstanding, Beginning Balance (in shares) at Jan. 28, 2023							55,921		7,733		32,882
Beginning Balance at Jan. 28, 2023	$ 432,901	$ (662,614)	$ 1,018,872	$ 81,993	$ (5,350)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	48,619			48,619
Stock-based compensation activity (in shares)							2,335
Stock-based compensation activity	6,790		6,790
Repurchase of Class A common shares (in shares)							(2,113)
Repurchase of Class A common shares (in shares)										2,113
Repurchase of Class A common shares	(22,434)	(22,434)
Dividends paid	(6,518)		0	(6,518)
Foreign currency translation gain (loss)	460				460
Common Shares, Outstanding, Ending Balance (in shares) at Jul. 29, 2023						56,143	56,143	7,733	7,733		34,995
Ending Balance at Jul. 29, 2023	459,818	(685,048)	1,025,662	124,094	(4,890)
Common Shares, Outstanding, Beginning Balance (in shares) at Apr. 29, 2023							57,978		7,733		32,882
Beginning Balance at Apr. 29, 2023	440,154	(662,614)	1,018,773	90,162	(6,167)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	37,204			37,204
Stock-based compensation activity (in shares)							278
Stock-based compensation activity	6,889		6,889
Repurchase of Class A common shares (in shares)							(2,113)
Repurchase of Class A common shares (in shares)										2,113
Repurchase of Class A common shares	(22,434)	(22,434)
Dividends paid	(3,272)		0	(3,272)
Foreign currency translation gain (loss)	1,277				1,277
Common Shares, Outstanding, Ending Balance (in shares) at Jul. 29, 2023						56,143	56,143	7,733	7,733		34,995
Ending Balance at Jul. 29, 2023	459,818	(685,048)	1,025,662	124,094	(4,890)
Common Shares, Outstanding, Beginning Balance (in shares) at Feb. 03, 2024						49,491	49,491	7,733	7,733		42,560
Beginning Balance at Feb. 03, 2024	359,220	(764,802)	1,030,765	98,896	(5,639)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,607			14,607
Stock-based compensation activity (in shares)							931
Stock-based compensation activity	7,296		7,296
Repurchase of Class A common shares (in shares)							(2,665)
Repurchase of Class A common shares (in shares)						2,700				2,665
Repurchase of Class A common shares	(17,969)	(17,969)
Dividends paid	(5,729)		0	(5,729)
Foreign currency translation gain (loss)	(1,880)				(1,880)
Common Shares, Outstanding, Ending Balance (in shares) at Aug. 03, 2024						47,757	47,757	7,733	7,733		45,225
Ending Balance at Aug. 03, 2024	355,545	(782,771)	1,038,061	107,774	(7,519)
Common Shares, Outstanding, Beginning Balance (in shares) at May. 04, 2024							50,060		7,733		42,560
Beginning Balance at May. 04, 2024	358,472	(764,802)	1,032,998	96,818	(6,542)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,824			13,824
Stock-based compensation activity (in shares)							362
Stock-based compensation activity	5,063		5,063
Repurchase of Class A common shares (in shares)							(2,665)
Repurchase of Class A common shares (in shares)										2,665
Repurchase of Class A common shares	(17,969)	(17,969)
Dividends paid	(2,868)		0	(2,868)
Foreign currency translation gain (loss)	(977)				(977)
Common Shares, Outstanding, Ending Balance (in shares) at Aug. 03, 2024						47,757	47,757	7,733	7,733		45,225
Ending Balance at Aug. 03, 2024	$ 355,545	$ (782,771)	$ 1,038,061	$ 107,774	$ (7,519)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 0.05	$ 0.05	$ 0.10	$ 0.10

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023
Cash flows from operating activities:
Net income	$ 14,967	$ 48,628
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	32,827	33,134
Stock-based compensation expense	11,419	19,029
Deferred income taxes	(999)	221
Income from equity investments	(5,435)	(4,469)
Distributions received from equity investments	7,272	5,351
Impairment charges	0	649
Other	703	(1,337)
Change in operating assets and liabilities, net of acquired amounts:
Accounts receivables	(14,663)	(12,400)
Income tax receivable	44,476	1,533
Inventories	(65,812)	41,788
Prepaid expenses and other current assets	5,619	(8,220)
Accounts payable	3,883	37,647
Accrued expenses	(7,247)	(18,135)
Operating lease assets and liabilities, net	(5,112)	(9,048)
Net cash provided by operating activities	21,898	134,371
Cash flows from investing activities:
Cash paid for property and equipment	(29,481)	(25,127)
Cash paid for business acquisitions	(16,352)	(127,496)
Other	4,362	0
Net cash used in investing activities	(41,471)	(152,623)
Cash flows from financing activities:
Borrowing on revolving credit facility	652,076	688,411
Payments on revolving credit facility	(610,866)	(684,794)
Proceeds from the issuance of the Term Loan	0	50,000
Payments for borrowings under Term Loan	(3,375)	0
Payments of debt issuance costs	0	(6,693)
Cash paid for treasury shares	(17,969)	(22,434)
Dividends paid	(5,729)	(6,518)
Cash paid for taxes for stock-based compensation shares withheld	(4,123)	(12,239)
Other	(387)	(85)
Net cash provided by financing activities	9,627	5,648
Effect of exchange rate changes on cash balances	(393)	25
Net decrease in cash and cash equivalents	(10,339)	(12,579)
Cash and cash equivalents, beginning of period	49,173	58,766
Cash and cash equivalents, end of period	38,834	46,187
Supplemental disclosures of cash flow information:
Net cash paid (received) for income taxes	(47,771)	13,230
Interest Paid, Excluding Capitalized Interest, Operating Activities	20,533	10,786
Cash paid for operating lease liabilities	104,185	107,056
Non-cash investing and financing activities:
Property and equipment purchases not yet paid	2,777	8,269
Operating lease liabilities arising from lease asset additions	10,818	11,521
Net increase to operating lease assets and lease liabilities for modifications	$ 65,435	$ 121,476

Description of Business and Sig

Description of Business and Significant Accounting Policies	6 Months Ended
	Aug. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS Business Operations- Designer Brands Inc. is one of the world's largest designers, producers, and retailers of footwear and accessories. We operate in three reportable segments: the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment operates the DSW Designer Shoe Warehouse ("DSW") banner through its direct-to-consumer U.S. stores and e-commerce site. The Canada Retail segment operates The Shoe Co., DSW, and Rubino banners through its direct-to-consumer Canada stores and e-commerce sites. The Brand Portfolio segment earns revenue from the wholesale of products to retailers and international distributors, the sale of our branded products through direct-to-consumer e-commerce for the Vince Camuto, Keds, Hush Puppies, and Topo brands, as well as from commissions for serving retailers as the design and buying agent for products under private labels. We have a 40.0% ownership interest in ABG-Camuto, LLC ("ABG-Camuto"), a joint venture that owns the intellectual property rights of Vince Camuto and other brands. We are party to a licensing agreement with ABG-Camuto, which provides for the exclusive right to design, source, and sell footwear and handbags under the brands that ABG-Camuto owns. We also have a 33.3% ownership interest in Le Tigre 360 Global LLC ("Le Tigre"), which manages the Le Tigre brand, and are party to a license agreement with Le Tigre, which provides for the exclusive right to design, source, and sell Le Tigre-branded footwear. Our equity investments are an integral part of the Brand Portfolio segment. In addition, we own the licensing rights for footwear and handbags of the Lucky Brand and the licensing rights for footwear of the Jessica Simpson brand and the Hush Puppies brand. On April 8, 2024, we completed the acquisition of Rubino Shoes Inc. ("Rubino"), a retailer of branded footwear, handbags, and accessories that operates Rubino banner stores and an e-commerce platform in Quebec, Canada. The acquisition of Rubino has allowed our Canada Retail segment to expand into the province of Quebec. Basis of Presentation- The accompanying unaudited, condensed consolidated financial statements have been prepared by management in accordance with accounting principles generally accepted in the U.S. ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, we do not include all of the information and footnotes required by GAAP for complete financial statements. The accompanying financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated financial position, results of operations, and cash flows for these interim periods are not necessarily indicative of the results that may be expected in future periods. The balance sheet as of February 3, 2024 has been derived from the audited financial statements at that date. The financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the 2023 Form 10-K. Fiscal Year- Our fiscal year ends on the Saturday nearest to January 31. References to a fiscal year (e.g., "2024") refer to the calendar year in which the fiscal year begins. This reporting schedule is followed by many national retail companies and typically results in a 52-week fiscal year (including 2024), but occasionally will contain an additional week resulting in a 53-week fiscal year (including 2023). SIGNIFICANT ACCOUNTING POLICIES Accounting Policies- The complete summary of significant accounting policies is included in the notes to the consolidated financial statements as presented in our 2023 Form 10-K. Principles of Consolidation- The condensed consolidated financial statements include the accounts of Designer Brands Inc. and its subsidiaries, including any variable interest entities. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in U.S. dollars. Use of Estimates- The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and reported amounts of net sales and expenses during the repor ting periods. Certain estimates and assumptions use forecasted financial information based on information reasonably available to us. Significant estimates and assumptions are required as a part of accounting for customer returns and allowances, gift card breakage income, deferred revenue associated with loyalty programs, valuation of inventories, depreciation and amortization, impairments of long-lived assets, intangibles and goodwill, lease accounting, redeemable noncontrolling interest, income taxes and valuation allowances on deferred tax assets, self-insurance reserves, and acquisitions. Although we believe that these estimates and assumptions are reasonable, they are based on management's knowledge of current events and actions we may undertake in the future. Changes in facts and circumstances may result in revised estimates and assumptions, and actual results could differ from these estimates. Chief Executive Officer Transition- In January 2023, we announced our succession process relating to the Company's Chief Executive Officer ("CEO") role, whereby our former CEO, Roger Rawlins, stepped down from his role as CEO and as a member of the Board of Directors (the "Board") effective April 1, 2023, at which time, Doug Howe, who previously served as Executive Vice President of the Company and President of DSW, assumed the CEO role and joined the Board. During the six months ended July 29, 2023, we recognized $2.9 million of CEO transition costs in operating expenses on the condensed consolidated statements of operations. There are no CEO transition costs for 2024. Severance- During the six months ended August 3, 2024 and July 29, 2023, we incurred severance costs of $4.3 million and $2.4 million, respectively. These costs are included in operating expenses on the condensed consolidated statements of operations. As of August 3, 2024, February 3, 2024, and July 29, 2023, we had $3.0 million, $3.9 million, and $3.0 million, respectively, of severance liability included in accrued expenses on the condensed consolidated balance sheets. Income Taxes- For the three months ended August 3, 2024 and July 29, 2023, our effective tax rate was 19.3% and 31.4%, respectively, and for the six months ended August 3, 2024 and July 29, 2023, our effective tax rate was 1.0% and 27.4%, respectively. The lower effective tax rate for the three and six months ended August 3, 2024 was due to discrete tax benefits recognized, primarily the release of tax reserves no longer deemed necessary and state tax planning initiatives, partially offset by the impact of permanent non-deductible compensation. The higher effective tax rate for the three and six months ended July 29, 2023 was due to the impact of permanent non-deductible compensation partially offset by federal and state valuation allowance adjustments. Fair Value- Fair value is defined as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are categorized using defined hierarchical levels related to the subjectivity associated with the inputs to fair value measurements as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Quoted prices for similar assets or liabilities in active markets or inputs that are observable. • Level 3 - Unobservable inputs in which little or no market activity exists. The carrying value of cash and cash equivalents, receivables, and accounts payables approximated their fair values due to their short-term nature. The carrying value of borrowings under our ABL Revolver and our Term Loan approximated fair value based on the terms and variable interest rates. Recently Issued Accounting Pronouncements- In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2023-07, Improvements to Reportable Segment Disclosures , which updates reportable segment disclosure requirements including, among other things, enhanced disclosures about significant segment expenses and information used to assess segment performance. ASU 2023-07 is effective on a retrospective basis to all prior periods presented beginning with our 2024 Annual Report on Form 10-K and subsequent interim periods. We are currently evaluating the impact of adopting ASU 2023-07 to the notes of the condensed consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Aug. 03, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS	ACQUISITIONS ACQUISITION OF KEDS On February 4, 2023, we acquired the Keds business ("Keds"), including the Keds brand, inventory, and inventory-related accounts payable, from Wolverine World Wide, Inc. ("Seller"). The cash consideration was funded with available cash and borrowings on the ABL Revolver. The final purchase price and the allocation of the total consideration to the fair values of the assets and liabilities was finalized as of February 3, 2024, and consisted of the following: (in thousands) Final Purchase Price and Allocation Purchase price: Cash consideration $ 127,304 Due from Seller for estimated contingent consideration (8,899) $ 118,405 Fair value of assets and liabilities acquired: Inventories $ 42,516 Goodwill 25,776 Intangible assets 53,500 Accounts payable (3,387) $ 118,405 The purchase price was subject to adjustments primarily based upon estimated contingent considerations as provided by the purchase agreement, which were based on recognized sales and incurred marketing costs for certain identified aged inventories. We recorded an estimated amount due from Seller at fair value based on our estimated probability of the conditions being met requiring payment. Changes to the estimated amount due from Seller after we have finalized the purchase price were recorded to earnings and were immaterial. The fair value of inventories, which were made up of finished goods, was determined based on market assumptions for realizing a reasonable profit after selling costs. The fair value of the intangible assets relates to $46.9 million of an indefinite-lived tradename and $6.6 million of customer relationships, amortized over a useful life of 10 years, and were based on the excess earnings method under the income approach with the relief from royalty method for the tradename. The fair value measurements were based on significant unobservable inputs, including discounted future cash flows, market-based assumed royalty rates, and customer attrition rates. The goodwill, included within the Brand Portfolio segment, represents the excess of the purchase price over the fair value of the net assets acquired and was primarily attributable to acquiring an established design and sourcing process for casual footwear, including kids' footwear, with international distribution. Goodwill is not expected to be deductible for income tax purposes. ACQUISITION OF RUBINO On April 8, 2024, we acquired Rubino for $16.4 million in cash, subject to a working capital adjustment to be determined by the end of the third quarter of 2024, which was funded with available cash and borrowings on the ABL Revolver. The purchase price also included a contingent consideration with a maximum potential payment of $1.5 million, subject to Rubino's achievement of a defined average annual financial performance target for the 24-month period following the acquisition. Based on Rubino's projected performance, we have estimated at fair value no contingent consideration to be recorded. The preliminary purchase price and the allocation of the total consideration to the fair values of the assets and liabilities consisted of the following: (in thousands) Preliminary Purchase Price and Allocation as of April 8, 2024 Measurement Period Adjustments Preliminary Purchase Price Allocation as of August 3, 2024 Purchase Price: Cash consideration $ 16,674 $ (322) $ 16,352 Contingent consideration 1,472 (1,472) — $ 18,146 $ (1,794) $ 16,352 Fair value of assets and liabilities acquired: Inventories $ 6,967 $ 322 $ 7,289 Operating lease assets 9,334 — 9,334 Goodwill 9,972 (2,981) 6,991 Intangible assets 3,166 1,840 5,006 Other assets 2,273 151 2,424 Accounts payable and other current liabilities (4,232) (1,126) (5,358) Operating lease liabilities (9,334) — (9,334) $ 18,146 $ (1,794) $ 16,352 We recorded an allocation of the purchase price to the tangible assets and intangible tradename acquired and liabilities assumed based on their fair value at the acquisition date. The purchase price and allocation of the purchase price is based on certain preliminary valuations and analysis that have not been completed as of the date of this filing. Any subsequent changes in the estimated fair values assumed upon the finalization of more detailed analysis within the measurement period will change the allocation of the purchase price and will be adjusted during the period in which the amounts are determined. We expect to finalize the valuations as soon as practicable, but not later than one year from the acquisition date. The fair value of the intangible asset relates to an indefinite-lived tradename and was estimated using the relief from royalty method of the income approach. The fair value measurements are based on significant unobservable inputs, including discounted future cash flows and an assumed royalty rate. The fair value of the operating lease assets was determined based on the market valuation approach. The goodwill, included within the Canada Retail segment, represents the excess of the purchase price over the fair value of the net assets acquired and was primarily attributable to acquiring an established retail banner in a province in Canada we did not previously have a presence in. Goodwill is not expected to be deductible for income tax purposes.

Revenue

Revenue	6 Months Ended
	Aug. 03, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE DISAGGREGATION OF NET SALES Net Sales by Brand Categories- The following table presents net sales disaggregated by brand categories for each segment: (in thousands) U.S. Retail Canada Retail (2) Brand Portfolio Eliminations Consolidated Three months ended August 3, 2024 Owned Brands: (1) Direct-to-consumer $ 98,040 $ 10,550 $ 13,889 $ — $ 122,479 External customer wholesale, commission income, and other — — 41,520 — 41,520 Intersegment wholesale — — 40,584 (40,584) — Total Owned Brands 98,040 10,550 95,993 (40,584) 163,999 National brands 543,654 64,247 — — 607,901 Total net sales $ 641,694 $ 74,797 $ 95,993 $ (40,584) $ 771,900 Three months ended July 29, 2023 Owned Brands: (1) Direct-to-consumer $ 115,749 $ 10,048 $ 15,776 $ — $ 141,573 External customer wholesale, commission income, and other — — 47,633 — 47,633 Intersegment wholesale and commission income — — 20,808 (20,808) — Total Owned Brands 115,749 10,048 84,217 (20,808) 189,206 National brands 542,793 60,218 — — 603,011 Total net sales $ 658,542 $ 70,266 $ 84,217 $ (20,808) $ 792,217 Six months ended August 3, 2024 Owned Brands: (1) Direct-to-consumer $ 203,054 $ 18,910 $ 27,819 $ — $ 249,783 External customer wholesale, commission income, and other — — 97,307 — 97,307 Intersegment wholesale — — 74,997 (74,997) — Total Owned Brands 203,054 18,910 200,123 (74,997) 347,090 National brands 1,060,007 111,399 — — 1,171,406 Total net sales $ 1,263,061 $ 130,309 $ 200,123 $ (74,997) $ 1,518,496 Six months ended July 29, 2023 Owned Brands: (1) Direct-to-consumer $ 238,958 $ 17,920 $ 26,400 $ — $ 283,278 External customer wholesale, commission income, and other — — 112,250 — 112,250 Intersegment wholesale and commission income — — 38,550 (38,550) — Total Owned Brands 238,958 17,920 177,200 (38,550) 395,528 National brands 1,032,470 106,301 — — 1,138,771 Total net sales $ 1,271,428 $ 124,221 $ 177,200 $ (38,550) $ 1,534,299 (1) "Owned Brands" refers to those brands that we have rights to sell through ownership or license arrangements. (2) Beginning with the 2023 Form 10-K, we are providing a breakout of Canada Retail segment net sales by brand categories and we have recast the three months and the six months ended July 29, 2023 on a consistent basis. Net Sales by Product and Service Categories - The following table presents net sales disaggregated by product and service categories for each segment: Three months ended Six months ended (in thousands) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Net sales: U.S. Retail segment: Women's footwear $ 402,885 $ 423,563 $ 811,658 $ 830,756 Men's footwear 148,396 153,721 277,756 282,553 Kids' footwear 55,528 45,163 105,758 89,457 Accessories and other 34,885 36,095 67,889 68,662 641,694 658,542 1,263,061 1,271,428 Canada Retail segment: Women's footwear 42,234 40,534 73,093 71,048 Men's footwear 19,235 18,880 33,353 32,746 Kids' footwear 9,976 8,089 18,537 15,633 Accessories and other 3,352 2,763 5,326 4,794 74,797 70,266 130,309 124,221 Brand Portfolio segment: Wholesale 80,592 64,709 169,262 145,493 Direct-to consumer 13,889 15,776 27,819 26,400 Commission income and other 1,512 3,732 3,042 5,307 95,993 84,217 200,123 177,200 Total segment net sales 812,484 813,025 1,593,493 1,572,849 Elimination of intersegment sales (40,584) (20,808) (74,997) (38,550) Total net sales $ 771,900 $ 792,217 $ 1,518,496 $ 1,534,299 During the three months ended October 28, 2023, we identified an error in the classification of certain net sales categories for the U.S. Retail segment in the Net Sales by Product and Service Categories table within Note 3, Revenue , of our condensed consolidated financial statements for the Quarterly Reports on Forms 10-Q for the first and second quarters of 2023. The above table for the three months ended July 29, 2023 has been corrected to reflect the reduction of $13.9 million of U.S. Retail segment net sales from accessories and other and increases of $6.0 million and $7.9 million of U.S. Retail segment net sales to women’s footwear and men’s footwear, respectively, representing the impact of the error for the second quarter of 2023. The above table for the six months ended July 29, 2023 has been corrected to reflect the reduction of $22.2 million of U.S. Retail segment net sales from accessories and other and increases of $10.0 million and $12.2 million of U.S. Retail segment net sales to women’s footwear and men’s footwear, respectively, representing the impact of the error for the first and second quarters of 2023. This immaterial correction did not impact the condensed consolidated statements of operations, comprehensive income, or balance sheets. DEFERRED REVENUE LIABILITIES We record deferred revenue liabilities, included in accrued expenses on the condensed consolidated balance sheets, for remaining obligations we have to our customers. The following table presents the changes and total balances for gift cards and loyalty programs: Three months ended Six months ended (in thousands) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Gift cards: Beginning of period $ 27,811 $ 30,933 $ 31,662 $ 35,121 Gift cards redeemed and breakage recognized to net sales (14,763) (16,388) (32,028) (32,837) Gift cards issued 12,297 13,689 25,711 25,950 End of period $ 25,345 $ 28,234 $ 25,345 $ 28,234 Loyalty programs: Beginning of period $ 14,948 $ 16,632 $ 15,971 $ 16,900 Loyalty certificates redeemed and expired and other adjustments recognized to net sales (8,104) (7,835) (16,294) (15,427) Deferred revenue for loyalty points issued 7,710 7,965 14,877 15,289 End of period $ 14,554 $ 16,762 $ 14,554 $ 16,762

Related Party Transactions

Related Party Transactions	6 Months Ended
	Aug. 03, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS SCHOTTENSTEIN AFFILIATES We have transactions with entities owned or controlled by Jay L. Schottenstein, the executive chairman of our Board, and members of his family (the "Schottenstein Affiliates"). As of August 3, 2024, the Schottenstein Affiliates beneficially owned approximately 26% of the Company's outstanding common shares, representing approximately 63% of the combined voting power of the Company, consisting of, in the aggregate, 7.0 million Class A common shares and 7.7 million Class B common shares. The following summarizes the related party transactions with the Schottenstein Affiliates for the relevant periods: Leases- We lease certain store and office locations that are owned by the Schottenstein Affiliates. For the three months ended August 3, 2024 and July 29, 2023, we recorded rent expense from the leases with Schottenstein Affiliates of $1.6 million and $2.1 million, respectively. For the six months ended August 3, 2024 and July 29, 2023, we recorded rent expense from the leases with Schottenstein Affiliates of $3.6 million and $4.0 million, respectively. As of August 3, 2024, February 3, 2024, and July 29, 2023, we had related party current operating lease liabilities of $4.0 million, $5.6 million, and $4.7 million, respectively, and non-current operating lease liabilities of $18.1 million, $18.5 million, and $12.0 million, respectively. Other Purchases and Services - For both the three months ended August 3, 2024 and July 29, 2023, we had other purchases and services we incurred from the Schottenstein Affiliates of $0.6 million. For both the six months ended August 3, 2024 and July 29, 2023, we had other purchases and services we incurred from the Schottenstein Affiliates of $1.2 million. Due to Related Parties- Amounts due to the Schottenstein Affiliates, other than operating lease liabilities, were immaterial for all periods presented. EQUITY METHOD INVESTMENTS ABG-Camuto- We have a 40.0% ownership interest in ABG-Camuto. We are party to a licensing agreement with ABG-Camuto, pursuant to which we pay royalties on the net sales of the brands owned by ABG-Camuto, subject to guaranteed minimums. For the three months ended August 3, 2024 and July 29, 2023, we recorded royalty expense for amounts paid to ABG-Camuto of $4.8 million and $4.6 million, respectively. For the six months ended August 3, 2024 and July 29, 2023, we recorded royalty expense for amounts paid to ABG-Camuto of $9.6 million and $9.1 million, respectively. Le Tigre - We have a 33.3% ownership interest in Le Tigre. We are party to a license agreement with Le Tigre, pursuant to which we pay royalties on the net sales of the Le Tigre brand, subject to guaranteed minimums. Activity with Le Tigre was immaterial for all periods presented.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 03, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is based on net income attributable to Designer Brands Inc. and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock options and restricted stock units ("RSUs") calculated using the treasury stock method. The following is a reconciliation between basic and diluted weighted average shares outstanding, as used in the calculation of earnings per share attributable to Designer Brands Inc.: Three months ended Six months ended (in thousands) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Weighted average basic shares outstanding 57,162 65,576 57,313 64,973 Dilutive effect of stock-based compensation awards 1,414 1,421 1,665 1,890 Weighted average diluted shares outstanding 58,576 66,997 58,978 66,863 For the three months ended August 3, 2024 and July 29, 2023, the number of shares relating to potentially dilutive stock-based compensation awards that were excluded from the computation of diluted earnings per share due to their anti-dilutive effect was 4.1 million and 3.1 million, respectively. For both the six months ended August 3, 2024 and July 29, 2023, the number of shares relating to potentially dilutive stock-based compensation awards that were excluded from the computation of diluted earnings per share due to their anti-dilutive effect was 3.6 million.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Aug. 03, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION For the three months ended August 3, 2024 and July 29, 2023, we recorded stock-based compensation expense of $5.8 million and $7.4 million, respectively. For the six months ended August 3, 2024 and July 29, 2023, we recorded stock-based compensation expense of $11.4 million and $19.0 million, respectively. These costs are included in operating expenses on the condensed consolidated statements of operations. The following table summarizes the stock-based compensation award share activity for RSUs for the six months ended August 3, 2024: (in thousands) Shares of Time-Based RSUs Shares of Performance-Based RSUs Outstanding - beginning of period 4,383 1,236 Granted 1,850 736 Vested (817) (284) Forfeited (411) (692) Outstanding - end of period 5,005 996

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Aug. 03, 2024
Shareholders' Equity [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY SHARES Our Class A common shares are listed for trading under the ticker symbol "DBI" on the New York Stock Exchange. There is currently no public market for the Company's Class B common shares, but the Class B common shares can be converted into the Company's Class A common shares at the election of the holder on a share-for-share basis. Holders of Class A common shares are entitled to one vote per share and holders of Class B common shares are entitled to eight votes per share on matters submitted to shareholders for approval. The following table provides additional information for our common shares: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 Class A Class B Class A Class B Class A Class B Authorized shares 250,000 100,000 250,000 100,000 250,000 100,000 Issued shares 92,982 7,733 92,051 7,733 91,138 7,733 Outstanding shares 47,757 7,733 49,491 7,733 56,143 7,733 Treasury shares 45,225 — 42,560 — 34,995 — We have authorized 100 million shares of no par value preferred shares, with no shares issued for any of the periods presented. SHARE REPURCHASES On August 17, 2017, the Board authorized the repurchase of an additional $500.0 million of Class A common shar es under our share repurchase program, which was added to the $33.5 million remaining from the previous authorization. During the six months ended August 3, 2024, we repurchased 2.7 million Class A common shares at an aggregate cost of $18.0 million. As of August 3, 2024, $69.7 million of Class A common shares remained available for repurchase under the share repurchase program. The share repurchase program may be suspended, modified, or discontinued at any time, and we have no obligation to repurchase any amount of our Class A common shares under the program. Under the share repurchase program, shares will be repurchased in the open market at times and in amounts considered appropriate based on price and market conditions.

Receivables

Receivables	6 Months Ended
	Aug. 03, 2024
Receivables [Abstract]
RECEIVABLES	RECEIVABLES Receivables, net, consisted of the following: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 Customer accounts receivables: Receivables with payment guarantee by third-party provider $ 24,405 $ 18,615 $ 22,234 Receivables without payment guarantee 10,983 7,890 17,027 Income tax receivable — 44,476 42,488 Other receivables 14,731 13,093 16,092 Total receivables 50,119 84,074 97,841 Allowance for doubtful accounts (448) (484) (477) $ 49,671 $ 83,590 $ 97,364

Accrued Expenses

Accrued Expenses	6 Months Ended
	Aug. 03, 2024
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consisted of the following: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 Gift cards $ 25,345 $ 31,662 $ 28,234 Accrued compensation and related expenses 31,579 19,342 27,142 Accrued taxes 23,721 23,134 21,878 Loyalty programs deferred revenue 14,554 15,971 16,762 Customer returns and allowances 19,247 19,569 19,256 Other 46,709 49,944 58,858 $ 161,155 $ 159,622 $ 172,130

Debt

Debt	6 Months Ended
	Aug. 03, 2024
Debt Disclosure [Abstract]
DEBT	DEBT Debt consisted of the following: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 ABL Revolver $ 342,280 $ 301,070 $ 284,652 Term Loan 129,750 133,125 50,000 Total debt 472,030 434,195 334,652 Less unamortized Term Loan debt issuance costs (6,306) (7,101) (3,646) Less current maturities of long-term debt (6,750) (6,750) (2,500) Long-term debt $ 458,974 $ 420,344 $ 328,506 On March 30, 2022, we replaced our previous senior secured asset-based revolving credit facility with our current ABL Revolver, which was subsequently amended on February 28, 2023 and June 23, 2023. The ABL Revolver provides a revolving line of credit of up to $600.0 million, including a Canadian sub-limit of up to $60.0 million, a $75.0 million sub-limit for the issuance of letters of credit, a $60.0 million sub-limit for swing-loan advances for U.S. borrowings, and a $6.0 million sub-limit for swing-loan advances for Canadian borrowings. In addition, the ABL Revolver includes a first-in last-out term loan ("FILO Term Loan") of up to $30.0 million, which was drawn in full on February 28, 2023. The FILO Term Loan may be repaid in full, but not in part, so long as certain payment conditions are satisfied. Once repaid, no portion of the FILO Term Loan may be reborrowed. Our ABL Revolver matures in March 2027 and is secured by a first-priority lien on substantially all of our personal property assets, including credit card receivables and inventory. The ABL Revolver may be used to provide funds for working capital, capital expenditures, share repurchases, other expenditures, and permitted acquisitions as defined by the credit facility agreement. The amount of credit available is limited to a borrowing base formulated on, among other things, a percentage of the book value of eligible inventory and credit card receivables, as reduced by certain reserves. As of August 3, 2024, the revolving line of credit (excluding the FILO Term Loan) had a borrowing base of $471.8 million, with $312.3 million in outstanding borrowings and $4.4 million in letters of credit issued, resulting in $155.1 million available for borrowings. Borrowings under the revolving line of credit and letters of credit issued under the ABL Revolver accrue interest, at our option, at a rate equal to: (A) a base rate per annum equal to the greatest of (i) the prime rate, (ii) the Fed Funds Rate (as defined in the credit facility agreement and subject to a floor of 0%) plus 0.5%, and (iii) Adjusted Term SOFR (as defined in the credit facility agreement) plus 1.0%; or (B) a one-month, three-month, or six-month Adjusted Term SOFR per annum (subject to a floor of 0%), plus, in each instance, an applicable rate to be determined based on average availability. The FILO Term Loan accrues interest, at our option, at a rate equal to: (A) a fluctuating interest rate per annum equal to the greatest of (i) the prime rate, (ii) the Fed Funds Rate plus 0.5%, or (iii) Adjusted Term SOFR plus 1.0%, plus 2.5%; or (B) Adjusted Term SOFR for the interest period in effect for such borrowing plus 3.5%. Commitment fees are based on the unused portion of the ABL Revolver available for borrowings. Interest expense related to the ABL Revolver includes interest on borrowings and letters of credit, with an interest rat e of 7.5% as of August 3, 2024, commitment fees, and the amortization of debt issuance costs. TERM LOAN On June 23, 2023, we entered into the Term Loan and have since borrowed the maximum aggregate amount of $135.0 million during 2023, consisting of a $121.5 million U.S. loan and a $13.5 million Canadian loan (denominated in USD). The Term Loan matures at the earliest of the date the ABL Revolver matures (currently March 2027) or five years from closing of the Term Loan (June 2028). The Term Loan is collateralized by a first priority lien on substantially all of our personal, real, and intellectual property and by a second priority lien on the assets used as collateral for the ABL revolver, primarily credit card receivables, accounts receivable, and inventory. Borrowings under the Term Loan bear interest at a per annum rate equal to: (A) an adjusted three-month SOFR per annum (subject to a floor of 2.0%), plus 7.0%; or if (A) is not available, then (B) a base rate per annum equal to the greater of (i) 2.0%, (ii) the prime rate, (iii) the Fed Funds Rate plus 0.5%, and (iv) the Adjusted Term SOFR plus 1.0%; plus, in each instance, 6.0%, with an interest rate of 12.3% (effective interest rate of 13.7% when including the amortization of debt issuance costs) as of August 3, 2024. DEBT COVENANTS The ABL Revolver requires us to maintain a fixed charge coverage ratio covenant of not less than 1:1 when availability is less than the greater of $47.3 million or 10.0% of the maximum borrowing amount. At any time that liquidity is less than $100.0 million, the Term Loan requires a maximum consolidated net leverage ratio as of the last day of each fiscal month, calculated on a trailing twelve-month basis, of (1) 2.25 to 1.00 for any trailing twelve-month period through February 3, 2024, and (2) 2.50 to 1.00 thereafter. Testing of the consolidated net leverage ratio ends after liquidity has been greater than or equal to $100.0 million for a period of 45 consecutive days. The ABL Revolver and the Term Loan also contain customary covenants restricting certain activities, including limitations on our ability to sell assets, engage in acquisitions, enter into transactions involving related parties, incur additional debt, grant liens on assets, pay dividends or repurchase stock, and make certain other changes. There are specific exceptions to these covenants including, in some cases, upon satisfying specified payment conditions based on availability. The ABL Revolver and the Term Loan contain customary events of default, including failure to comply with certain financial and other covenants. Upon an event of default that is not cured or waived within the cure periods, in addition to other remedies that may be available to the lenders, our obligations may be accelerated, outstanding letters of credit may be required to be cash collateralized, and remedies may be exercised against the collateral. As of August 3, 2024, we were in compliance with all financial covenants contained in the ABL Revolver and the Term Loan.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 03, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES LEGAL PROCEEDINGS We are involved in various legal proceedings that are incidental to the conduct of our business. Although it is not possible to predict with certainty the eventual outcome of any litigation, we believe the amount of any potential liability with respect to current legal proceedings will not be material to our results of operations or financial condition. As additional information becomes available, we will assess any potential liability related to pending litigation and revise the estimates as needed.

Segment Reporting

Segment Reporting	6 Months Ended
	Aug. 03, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The following table provides certain financial da ta by segment reconciled to the condensed consolidated financial statements: (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Three months ended August 3, 2024 Net sales: External customer sales $ 641,694 $ 74,797 $ 55,409 $ — $ 771,900 Intersegment sales — — 40,584 (40,584) — Total net sales $ 641,694 $ 74,797 $ 95,993 $ (40,584) $ 771,900 Gross profit $ 206,061 $ 25,307 $ 26,635 $ (5,089) $ 252,914 Income from equity investments $ — $ — $ 2,571 $ — $ 2,571 Three months ended July 29, 2023 Net sales: External customer sales $ 658,542 $ 70,266 $ 63,409 $ — $ 792,217 Intersegment sales — — 20,808 (20,808) — Total net sales $ 658,542 $ 70,266 $ 84,217 $ (20,808) $ 792,217 Gross profit $ 225,768 $ 23,811 $ 24,298 $ (490) $ 273,387 Income from equity investments $ — $ — $ 2,138 $ — $ 2,138 (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Six months ended August 3, 2024 Net sales: External customer sales $ 1,263,061 $ 130,309 $ 125,126 $ — $ 1,518,496 Intersegment sales — — 74,997 (74,997) — Total net sales $ 1,263,061 $ 130,309 $ 200,123 $ (74,997) $ 1,518,496 Gross profit $ 404,516 $ 42,692 $ 60,112 $ (9,337) $ 497,983 Income from equity investments $ — $ — $ 5,435 $ — $ 5,435 Six months ended July 29, 2023 Net sales: External customer sales $ 1,271,428 $ 124,221 $ 138,650 $ — $ 1,534,299 Intersegment sales — — 38,550 (38,550) — Total net sales $ 1,271,428 $ 124,221 $ 177,200 $ (38,550) $ 1,534,299 Gross profit $ 422,582 $ 40,985 $ 46,383 $ 1,176 $ 511,126 Income from equity investments $ — $ — $ 4,469 $ — $ 4,469 Beginning in 2024, we changed how the Brand Portfolio segment sources certain Owned Brands for the U.S. Retail segment by transacting using a wholesale model, where intersegment sales and cost of sales are recorded, whereas in 2023 and prior we transacted on a commission model, where intersegment sales were based on a percentage of product cost. This change results in an increase in Brand Portfolio intersegment net sales, cost of sales, and gross profit and a corresponding increase in the amount of eliminated intersegment net sales, cost of sales, and gross profit with no impact to consolidated net sales, cost of sales, and gross profit.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Pay vs Performance Disclosure
Net income	$ 13,824	$ 37,204	$ 14,607	$ 48,619

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Aug. 03, 2024	Aug. 03, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		RULE 10B5-1 TRADING PLANS During the three months ended August 3, 2024, none of our directors or executive officers adopted or terminated any contract, instruction, or written plan for the purchase or sale of the Company’s securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement" (as defined in Item 408(c) of Regulation S-K).
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business and S_2

Description of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Year	Fiscal Year- Our fiscal year ends on the Saturday nearest to January 31. References to a fiscal year (e.g., "2024") refer to the calendar year in which the fiscal year begins. This reporting schedule is followed by many national retail companies and typically results in a 52-week fiscal year (including 2024), but occasionally will contain an additional week resulting in a 53-week fiscal year (including 2023).
Principles of Consolidation	Principles of Consolidation- The condensed consolidated financial statements include the accounts of Designer Brands Inc. and its subsidiaries, including any variable interest entities. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in U.S. dollars.
Use of Estimates	Use of Estimates- The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and reported amounts of net sales and expenses during the repor ting periods. Certain estimates and assumptions use forecasted financial information based on information reasonably available to us. Significant estimates and assumptions are required as a part of accounting for customer returns and allowances, gift card breakage income, deferred revenue associated with loyalty programs, valuation of inventories, depreciation and amortization, impairments of long-lived assets, intangibles and goodwill, lease accounting, redeemable noncontrolling interest, income taxes and valuation allowances on deferred tax assets, self-insurance reserves, and acquisitions. Although we believe that these estimates and assumptions are reasonable, they are based on management's knowledge of current events and actions we may undertake in the future. Changes in facts and circumstances may result in revised estimates and assumptions, and actual results could differ from these estimates.
Chief Executive Officer Transition and Restructuring Costs	Chief Executive Officer Transition- In January 2023, we announced our succession process relating to the Company's Chief Executive Officer ("CEO") role, whereby our former CEO, Roger Rawlins, stepped down from his role as CEO and as a member of the Board of Directors (the "Board") effective April 1, 2023, at which time, Doug Howe, who previously served as Executive Vice President of the Company and President of DSW, assumed the CEO role and joined the Board. During the six months ended July 29, 2023, we recognized $2.9 million of CEO transition costs in operating expenses on the condensed consolidated statements of operations. There are no CEO transition costs for 2024. Severance- During the six months ended August 3, 2024 and July 29, 2023, we incurred severance costs of $4.3 million and $2.4 million, respectively. These costs are included in operating expenses on the condensed consolidated statements of operations. As of August 3, 2024, February 3, 2024, and July 29, 2023, we had $3.0 million, $3.9 million, and $3.0 million, respectively, of severance liability included in accrued expenses on the condensed consolidated balance sheets.
Income Taxes	Income Taxes- For the three months ended August 3, 2024 and July 29, 2023, our effective tax rate was 19.3% and 31.4%, respectively, and for the six months ended August 3, 2024 and July 29, 2023, our effective tax rate was 1.0% and 27.4%, respectively. The lower effective tax rate for the three and six months ended August 3, 2024 was due to discrete tax benefits recognized, primarily the release of tax reserves no longer deemed necessary and state tax planning initiatives, partially offset by the impact of permanent non-deductible compensation. The higher effective tax rate for the three and six months ended July 29, 2023 was due to the impact of permanent non-deductible compensation partially offset by federal and state valuation allowance adjustments.
Fair Value	Fair Value- Fair value is defined as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are categorized using defined hierarchical levels related to the subjectivity associated with the inputs to fair value measurements as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Quoted prices for similar assets or liabilities in active markets or inputs that are observable. • Level 3 - Unobservable inputs in which little or no market activity exists. The carrying value of cash and cash equivalents, receivables, and accounts payables approximated their fair values due to their short-term nature. The carrying value of borrowings under our ABL Revolver and our Term Loan approximated fair value based on the terms and variable interest rates.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements- In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2023-07, Improvements to Reportable Segment Disclosures , which updates reportable segment disclosure requirements including, among other things, enhanced disclosures about significant segment expenses and information used to assess segment performance. ASU 2023-07 is effective on a retrospective basis to all prior periods presented beginning with our 2024 Annual Report on Form 10-K and subsequent interim periods. We are currently evaluating the impact of adopting ASU 2023-07 to the notes of the condensed consolidated financial statements.
Revenue Recognition	We record deferred revenue liabilities, included in accrued expenses on the condensed consolidated balance sheets, for remaining obligations we have to our customers.
Earnings Per Share	Basic earnings per share is based on net income attributable to Designer Brands Inc. and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock options and restricted stock units ("RSUs") calculated using the treasury stock method.
Shareholders' Equity	SHARES Our Class A common shares are listed for trading under the ticker symbol "DBI" on the New York Stock Exchange. There is currently no public market for the Company's Class B common shares, but the Class B common shares can be converted into the Company's Class A common shares at the election of the holder on a share-for-share basis. Holders of Class A common shares are entitled to one vote per share and holders of Class B common shares are entitled to eight votes per share on matters submitted to shareholders for approval.
Share Repurchases	SHARE REPURCHASES On August 17, 2017, the Board authorized the repurchase of an additional $500.0 million of Class A common shar es under our share repurchase program, which was added to the $33.5 million remaining from the previous authorization. During the six months ended August 3, 2024, we repurchased 2.7 million Class A common shares at an aggregate cost of $18.0 million. As of August 3, 2024, $69.7 million of Class A common shares remained available for repurchase under the share repurchase program. The share repurchase program may be suspended, modified, or discontinued at any time, and we have no obligation to repurchase any amount of our Class A common shares under the program. Under the share repurchase program, shares will be repurchased in the open market at times and in amounts considered appropriate based on price and market conditions.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Aug. 03, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Allocation of Consideration	The final purchase price and the allocation of the total consideration to the fair values of the assets and liabilities was finalized as of February 3, 2024, and consisted of the following: (in thousands) Final Purchase Price and Allocation Purchase price: Cash consideration $ 127,304 Due from Seller for estimated contingent consideration (8,899) $ 118,405 Fair value of assets and liabilities acquired: Inventories $ 42,516 Goodwill 25,776 Intangible assets 53,500 Accounts payable (3,387) $ 118,405 The preliminary purchase price and the allocation of the total consideration to the fair values of the assets and liabilities consisted of the following: (in thousands) Preliminary Purchase Price and Allocation as of April 8, 2024 Measurement Period Adjustments Preliminary Purchase Price Allocation as of August 3, 2024 Purchase Price: Cash consideration $ 16,674 $ (322) $ 16,352 Contingent consideration 1,472 (1,472) — $ 18,146 $ (1,794) $ 16,352 Fair value of assets and liabilities acquired: Inventories $ 6,967 $ 322 $ 7,289 Operating lease assets 9,334 — 9,334 Goodwill 9,972 (2,981) 6,991 Intangible assets 3,166 1,840 5,006 Other assets 2,273 151 2,424 Accounts payable and other current liabilities (4,232) (1,126) (5,358) Operating lease liabilities (9,334) — (9,334) $ 18,146 $ (1,794) $ 16,352

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Aug. 03, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents net sales disaggregated by brand categories for each segment: (in thousands) U.S. Retail Canada Retail (2) Brand Portfolio Eliminations Consolidated Three months ended August 3, 2024 Owned Brands: (1) Direct-to-consumer $ 98,040 $ 10,550 $ 13,889 $ — $ 122,479 External customer wholesale, commission income, and other — — 41,520 — 41,520 Intersegment wholesale — — 40,584 (40,584) — Total Owned Brands 98,040 10,550 95,993 (40,584) 163,999 National brands 543,654 64,247 — — 607,901 Total net sales $ 641,694 $ 74,797 $ 95,993 $ (40,584) $ 771,900 Three months ended July 29, 2023 Owned Brands: (1) Direct-to-consumer $ 115,749 $ 10,048 $ 15,776 $ — $ 141,573 External customer wholesale, commission income, and other — — 47,633 — 47,633 Intersegment wholesale and commission income — — 20,808 (20,808) — Total Owned Brands 115,749 10,048 84,217 (20,808) 189,206 National brands 542,793 60,218 — — 603,011 Total net sales $ 658,542 $ 70,266 $ 84,217 $ (20,808) $ 792,217 Six months ended August 3, 2024 Owned Brands: (1) Direct-to-consumer $ 203,054 $ 18,910 $ 27,819 $ — $ 249,783 External customer wholesale, commission income, and other — — 97,307 — 97,307 Intersegment wholesale — — 74,997 (74,997) — Total Owned Brands 203,054 18,910 200,123 (74,997) 347,090 National brands 1,060,007 111,399 — — 1,171,406 Total net sales $ 1,263,061 $ 130,309 $ 200,123 $ (74,997) $ 1,518,496 Six months ended July 29, 2023 Owned Brands: (1) Direct-to-consumer $ 238,958 $ 17,920 $ 26,400 $ — $ 283,278 External customer wholesale, commission income, and other — — 112,250 — 112,250 Intersegment wholesale and commission income — — 38,550 (38,550) — Total Owned Brands 238,958 17,920 177,200 (38,550) 395,528 National brands 1,032,470 106,301 — — 1,138,771 Total net sales $ 1,271,428 $ 124,221 $ 177,200 $ (38,550) $ 1,534,299 (1) "Owned Brands" refers to those brands that we have rights to sell through ownership or license arrangements. (2) Beginning with the 2023 Form 10-K, we are providing a breakout of Canada Retail segment net sales by brand categories and we have recast the three months and the six months ended July 29, 2023 on a consistent basis. Net Sales by Product and Service Categories - The following table presents net sales disaggregated by product and service categories for each segment: Three months ended Six months ended (in thousands) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Net sales: U.S. Retail segment: Women's footwear $ 402,885 $ 423,563 $ 811,658 $ 830,756 Men's footwear 148,396 153,721 277,756 282,553 Kids' footwear 55,528 45,163 105,758 89,457 Accessories and other 34,885 36,095 67,889 68,662 641,694 658,542 1,263,061 1,271,428 Canada Retail segment: Women's footwear 42,234 40,534 73,093 71,048 Men's footwear 19,235 18,880 33,353 32,746 Kids' footwear 9,976 8,089 18,537 15,633 Accessories and other 3,352 2,763 5,326 4,794 74,797 70,266 130,309 124,221 Brand Portfolio segment: Wholesale 80,592 64,709 169,262 145,493 Direct-to consumer 13,889 15,776 27,819 26,400 Commission income and other 1,512 3,732 3,042 5,307 95,993 84,217 200,123 177,200 Total segment net sales 812,484 813,025 1,593,493 1,572,849 Elimination of intersegment sales (40,584) (20,808) (74,997) (38,550) Total net sales $ 771,900 $ 792,217 $ 1,518,496 $ 1,534,299 During the three months ended October 28, 2023, we identified an error in the classification of certain net sales categories for the U.S. Retail segment in the Net Sales by Product and Service Categories table within Note 3, Revenue , of our condensed consolidated financial statements for the Quarterly Reports on Forms 10-Q for the first and second quarters of 2023. The above table for the three months ended July 29, 2023 has been corrected to reflect the reduction of $13.9 million of U.S. Retail segment net sales from accessories and other and increases of $6.0 million and $7.9 million of U.S. Retail segment net sales to women’s footwear and men’s footwear, respectively, representing the impact of the error for the second quarter of 2023. The above table for the six months ended July 29, 2023 has been corrected to reflect the reduction of $22.2 million of U.S. Retail segment net sales from accessories and other and increases of $10.0 million and $12.2 million of U.S. Retail segment net sales to women’s footwear and men’s footwear, respectively, representing the impact of the error for the first and second quarters of 2023. This immaterial correction did not impact the condensed consolidated statements of operations, comprehensive income, or balance sheets.
Contract with Customer, Asset and Liability	The following table presents the changes and total balances for gift cards and loyalty programs: Three months ended Six months ended (in thousands) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Gift cards: Beginning of period $ 27,811 $ 30,933 $ 31,662 $ 35,121 Gift cards redeemed and breakage recognized to net sales (14,763) (16,388) (32,028) (32,837) Gift cards issued 12,297 13,689 25,711 25,950 End of period $ 25,345 $ 28,234 $ 25,345 $ 28,234 Loyalty programs: Beginning of period $ 14,948 $ 16,632 $ 15,971 $ 16,900 Loyalty certificates redeemed and expired and other adjustments recognized to net sales (8,104) (7,835) (16,294) (15,427) Deferred revenue for loyalty points issued 7,710 7,965 14,877 15,289 End of period $ 14,554 $ 16,762 $ 14,554 $ 16,762

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 03, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following is a reconciliation between basic and diluted weighted average shares outstanding, as used in the calculation of earnings per share attributable to Designer Brands Inc.: Three months ended Six months ended (in thousands) August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Weighted average basic shares outstanding 57,162 65,576 57,313 64,973 Dilutive effect of stock-based compensation awards 1,414 1,421 1,665 1,890 Weighted average diluted shares outstanding 58,576 66,997 58,978 66,863

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Aug. 03, 2024
Share-Based Payment Arrangement [Abstract]
Restricted Stock Unit Activity	The following table summarizes the stock-based compensation award share activity for RSUs for the six months ended August 3, 2024: (in thousands) Shares of Time-Based RSUs Shares of Performance-Based RSUs Outstanding - beginning of period 4,383 1,236 Granted 1,850 736 Vested (817) (284) Forfeited (411) (692) Outstanding - end of period 5,005 996

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Aug. 03, 2024
Shareholders' Equity [Abstract]
Schedule of Stock by Class	The following table provides additional information for our common shares: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 Class A Class B Class A Class B Class A Class B Authorized shares 250,000 100,000 250,000 100,000 250,000 100,000 Issued shares 92,982 7,733 92,051 7,733 91,138 7,733 Outstanding shares 47,757 7,733 49,491 7,733 56,143 7,733 Treasury shares 45,225 — 42,560 — 34,995 —

Receivables (Tables)

Receivables (Tables)	6 Months Ended
	Aug. 03, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Receivables, net, consisted of the following: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 Customer accounts receivables: Receivables with payment guarantee by third-party provider $ 24,405 $ 18,615 $ 22,234 Receivables without payment guarantee 10,983 7,890 17,027 Income tax receivable — 44,476 42,488 Other receivables 14,731 13,093 16,092 Total receivables 50,119 84,074 97,841 Allowance for doubtful accounts (448) (484) (477) $ 49,671 $ 83,590 $ 97,364

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Aug. 03, 2024
Payables and Accruals [Abstract]
Accrued Expenses	Accrued expenses consisted of the following: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 Gift cards $ 25,345 $ 31,662 $ 28,234 Accrued compensation and related expenses 31,579 19,342 27,142 Accrued taxes 23,721 23,134 21,878 Loyalty programs deferred revenue 14,554 15,971 16,762 Customer returns and allowances 19,247 19,569 19,256 Other 46,709 49,944 58,858 $ 161,155 $ 159,622 $ 172,130

Debt (Tables)

Debt (Tables)	6 Months Ended
	Aug. 03, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Debt consisted of the following: (in thousands) August 3, 2024 February 3, 2024 July 29, 2023 ABL Revolver $ 342,280 $ 301,070 $ 284,652 Term Loan 129,750 133,125 50,000 Total debt 472,030 434,195 334,652 Less unamortized Term Loan debt issuance costs (6,306) (7,101) (3,646) Less current maturities of long-term debt (6,750) (6,750) (2,500) Long-term debt $ 458,974 $ 420,344 $ 328,506

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Aug. 03, 2024
Segment Reporting [Abstract]
Segment Information	The following table provides certain financial da ta by segment reconciled to the condensed consolidated financial statements: (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Three months ended August 3, 2024 Net sales: External customer sales $ 641,694 $ 74,797 $ 55,409 $ — $ 771,900 Intersegment sales — — 40,584 (40,584) — Total net sales $ 641,694 $ 74,797 $ 95,993 $ (40,584) $ 771,900 Gross profit $ 206,061 $ 25,307 $ 26,635 $ (5,089) $ 252,914 Income from equity investments $ — $ — $ 2,571 $ — $ 2,571 Three months ended July 29, 2023 Net sales: External customer sales $ 658,542 $ 70,266 $ 63,409 $ — $ 792,217 Intersegment sales — — 20,808 (20,808) — Total net sales $ 658,542 $ 70,266 $ 84,217 $ (20,808) $ 792,217 Gross profit $ 225,768 $ 23,811 $ 24,298 $ (490) $ 273,387 Income from equity investments $ — $ — $ 2,138 $ — $ 2,138 (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Six months ended August 3, 2024 Net sales: External customer sales $ 1,263,061 $ 130,309 $ 125,126 $ — $ 1,518,496 Intersegment sales — — 74,997 (74,997) — Total net sales $ 1,263,061 $ 130,309 $ 200,123 $ (74,997) $ 1,518,496 Gross profit $ 404,516 $ 42,692 $ 60,112 $ (9,337) $ 497,983 Income from equity investments $ — $ — $ 5,435 $ — $ 5,435 Six months ended July 29, 2023 Net sales: External customer sales $ 1,271,428 $ 124,221 $ 138,650 $ — $ 1,534,299 Intersegment sales — — 38,550 (38,550) — Total net sales $ 1,271,428 $ 124,221 $ 177,200 $ (38,550) $ 1,534,299 Gross profit $ 422,582 $ 40,985 $ 46,383 $ 1,176 $ 511,126 Income from equity investments $ — $ — $ 4,469 $ — $ 4,469

Description of Business and S_3

Description of Business and Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024 USD ($)	Jul. 29, 2023 USD ($)	Aug. 03, 2024 USD ($) segment	Jul. 29, 2023 USD ($)	Feb. 03, 2024 USD ($)	Jul. 31, 2022
Entity Information [Line Items]
Number of reportable segments | segment			3
Restructuring charges incurred			$ 0	$ 2.9
Severance costs			4.3	2.4
Severance liability	$ 3	$ 3	$ 3	$ 3	$ 3.9
Effective tax rate	19.30%	31.40%	1%	27.40%
Le Tigre
Entity Information [Line Items]
Ownership percentage	33.30%		33.30%			33.30%
Designer Brands Inc. | ABG-Camuto, LLC
Entity Information [Line Items]
Noncontrolling interest, ownership percentage by parent	40%		40%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands				12 Months Ended
	Aug. 03, 2024	Apr. 08, 2024	Feb. 04, 2023	Feb. 03, 2024
Keds
Business Acquisition [Line Items]
Indefinite lived intangible assets			$ 46,900
Finite lived intangible assets			$ 6,600
Cash consideration				$ 127,304
Keds | Customer relationships
Business Acquisition [Line Items]
Intangible assets useful life			10 years
Rubino
Business Acquisition [Line Items]
Cash consideration	$ 16,352	$ 16,674
Contingent consideration	$ 0	$ 1,472

Acquisitions - Allocation of Co

Acquisitions - Allocation of Consideration (Details) - USD ($) $ in Thousands			4 Months Ended	12 Months Ended
	Aug. 03, 2024	Apr. 08, 2024	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Fair value of assets and liabilities acquired:
Goodwill	$ 130,611		$ 130,611	$ 123,759	$ 135,259
Keds
Business Acquisition [Line Items]
Cash consideration				127,304
Due from Seller for estimated contingent consideration				(8,899)
Total consideration transferred				118,405
Fair value of assets and liabilities acquired:
Inventories				42,516
Goodwill				25,776
Intangible assets				53,500
Accounts payable				(3,387)
Fair value of assets and liabilities acquired				$ 118,405
Rubino
Business Acquisition [Line Items]
Cash consideration	16,352	$ 16,674
Contingent consideration	0	1,472
Total consideration transferred	16,352	18,146
Fair value of assets and liabilities acquired:
Inventories	7,289	6,967	7,289
Operating lease assets	9,334	9,334	9,334
Goodwill	6,991	9,972	6,991
Intangible assets	5,006	3,166	5,006
Other assets	2,424	2,273	2,424
Accounts payable and other current liabilities	(5,358)	(4,232)	(5,358)
Operating lease liabilities	(9,334)	(9,334)	(9,334)
Fair value of assets and liabilities acquired	$ 16,352	$ 18,146	16,352
Measurement Period Adjustments
Cash consideration			(322)
Contingent consideration			(1,472)
Inventories			322
Goodwill			(2,981)
Intangible assets			1,840
Other assets			151
Accounts payable and other current liabilities			(1,126)
Total Measurement Period Adjustments			$ (1,794)

Revenue - by Brand Categories (

Revenue - by Brand Categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 771,900	$ 792,217	$ 1,518,496	$ 1,534,299
Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(40,584)	(20,808)	(74,997)	(38,550)
U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	641,694	658,542	1,263,061	1,271,428
Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	74,797	70,266	130,309	124,221
Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	95,993	84,217	200,123	177,200
Owned Brands
Disaggregation of Revenue [Line Items]
Total net sales	163,999	189,206	347,090	395,528
Owned Brands | Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(40,584)	(20,808)	(74,997)	(38,550)
Owned Brands | U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	98,040	115,749	203,054	238,958
Owned Brands | Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	10,550	10,048	18,910	17,920
Owned Brands | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	95,993	84,217	200,123	177,200
Owned Brands | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Total net sales	122,479	141,573	249,783	283,278
Owned Brands | Direct-to-consumer | U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	98,040	115,749	203,054	238,958
Owned Brands | Direct-to-consumer | Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	10,550	10,048	18,910	17,920
Owned Brands | Direct-to-consumer | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	13,889	15,776	27,819	26,400
Owned Brands | External customer wholesale and commission income
Disaggregation of Revenue [Line Items]
Total net sales	41,520	47,633	97,307	112,250
Owned Brands | External customer wholesale and commission income | U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0	0
Owned Brands | External customer wholesale and commission income | Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0	0
Owned Brands | External customer wholesale and commission income | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	41,520	47,633	97,307	112,250
Owned Brands | Intersegment wholesale and commission income | Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(40,584)	(20,808)	(74,997)	(38,550)
Owned Brands | Intersegment wholesale and commission income | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	40,584	20,808	74,997	38,550
National Brands
Disaggregation of Revenue [Line Items]
Total net sales	607,901	603,011	1,171,406	1,138,771
National Brands | U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	543,654	542,793	1,060,007	1,032,470
National Brands | Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	64,247	60,218	111,399	106,301
National Brands | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	$ 0	$ 0	$ 0	$ 0

Revenue - Disaggregation of Net

Revenue - Disaggregation of Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 771,900	$ 792,217	$ 1,518,496	$ 1,534,299
Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(40,584)	(20,808)	(74,997)	(38,550)
Product
Disaggregation of Revenue [Line Items]
Total net sales	771,900	792,217	1,518,496	1,534,299
Product | Segments
Disaggregation of Revenue [Line Items]
Total net sales	812,484	813,025	1,593,493	1,572,849
U.S. Retail Segment | Segments
Disaggregation of Revenue [Line Items]
Total net sales	641,694	658,542	1,263,061	1,271,428
U.S. Retail Segment | Women's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	402,885	423,563	811,658	830,756
U.S. Retail Segment | Women's footwear | Segments | Revision of prior period, error correction
Disaggregation of Revenue [Line Items]
Total net sales		6,000		10,000
U.S. Retail Segment | Men's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	148,396	153,721	277,756	282,553
U.S. Retail Segment | Men's footwear | Segments | Revision of prior period, error correction
Disaggregation of Revenue [Line Items]
Total net sales		7,900		12,200
U.S. Retail Segment | Kids' footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	55,528	45,163	105,758	89,457
U.S. Retail Segment | Accessories and other | Segments
Disaggregation of Revenue [Line Items]
Total net sales	34,885	36,095	67,889	68,662
U.S. Retail Segment | Accessories and other | Segments | Revision of prior period, error correction
Disaggregation of Revenue [Line Items]
Total net sales		(13,900)		(22,200)
Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	74,797	70,266	130,309	124,221
Canada Retail | Women's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	42,234	40,534	73,093	71,048
Canada Retail | Men's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	19,235	18,880	33,353	32,746
Canada Retail | Kids' footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	9,976	8,089	18,537	15,633
Canada Retail | Accessories and other | Segments
Disaggregation of Revenue [Line Items]
Total net sales	3,352	2,763	5,326	4,794
Canada Retail | Product | Segments
Disaggregation of Revenue [Line Items]
Total net sales	74,797	70,266	130,309	124,221
Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	95,993	84,217	200,123	177,200
Brand Portfolio | Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	40,584	20,808	74,997	38,550
Brand Portfolio | Wholesale | Segments
Disaggregation of Revenue [Line Items]
Total net sales	80,592	64,709	169,262	145,493
Brand Portfolio | Commission income | Segments
Disaggregation of Revenue [Line Items]
Total net sales	13,889	15,776	3,042	5,307
Brand Portfolio | Direct-to-consumer | Segments
Disaggregation of Revenue [Line Items]
Total net sales	1,512	3,732	27,819	26,400
Brand Portfolio | Product | Segments
Disaggregation of Revenue [Line Items]
Total net sales	$ 55,409	$ 63,409	$ 125,126	$ 138,650

Revenue - Deferred Revenue Liab

Revenue - Deferred Revenue Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Contract With Customer Liability [Roll Forward]
Gift cards and merchandise credits, beginning balance	$ 27,811	$ 30,933	$ 31,662	$ 35,121
Gift cards and merchandise credits, ending balance	25,345	28,234	25,345	28,234
Loyalty programs deferred revenue, beginning balance	14,948	16,632	15,971	16,900
Loyalty programs deferred revenue, ending balance	14,554	16,762	14,554	16,762
Loyalty certificates redeemed and expired and other adjustments recognized to net sales
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	(8,104)	(7,835)	(16,294)	(15,427)
Deferred revenue for loyalty points issued
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	7,710	7,965	14,877	15,289
Gift cards redeemed and breakage recognized to net sales
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	(14,763)	(16,388)	(32,028)	(32,837)
Gift cards issued
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	$ 12,297	$ 13,689	$ 25,711	$ 25,950

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023	Feb. 03, 2024	Jul. 31, 2022
Related Party Transaction [Line Items]
Outstanding common shares owned (in hundredths)	26%		26%
Combined voting power of outstanding common shares (in hundredths)	63%		63%
Current operating lease liabilities	$ 156,394	$ 181,484	$ 156,394	$ 181,484	$ 166,531
Non-current operating lease liabilities	653,416	682,248	653,416	682,248	646,161
Related Party
Related Party Transaction [Line Items]
Current operating lease liabilities	4,000	4,700	4,000	4,700	5,600
Non-current operating lease liabilities	18,100	12,000	18,100	12,000	$ 18,500
Related Party
Related Party Transaction [Line Items]
Lease expense	$ 1,600	2,100	$ 3,600	4,000
Class A Common Shares
Related Party Transaction [Line Items]
Number of common shares owned by related party (in shares)	7		7
Class B Common Shares
Related Party Transaction [Line Items]
Number of common shares owned by related party (in shares)	7.7		7.7
Affiliated Entity
Related Party Transaction [Line Items]
Royalty expense	$ 4,800	4,600	$ 9,600	9,100
Affiliated Entity | Schottenstein Affiliates
Related Party Transaction [Line Items]
Other purchases and services	$ 600	$ 600	$ 1,200	$ 1,200
Le Tigre
Related Party Transaction [Line Items]
Ownership percentage	33.30%		33.30%			33.30%
Designer Brands Inc. | ABG-Camuto, LLC
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent	40%		40%

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Earnings Per Share [Abstract]
Basic shares	57,162	65,576	57,313	64,973
Weighted average basic shares outstanding	1,414	1,421	1,665	1,890
Diluted shares	58,576	66,997	58,978	66,863

Earnings Per Share - Anti-Dilut

Earnings Per Share - Anti-Dilutive Securities (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	4.1	3.1	3.6	3.6

Stock-based Compensation - Expe

Stock-based Compensation - Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 5,800	$ 7,400	$ 11,400	$ 19,000

Stock-based Compensation - Rest

Stock-based Compensation - Restricted Stock Units (Details) shares in Thousands	6 Months Ended
	Aug. 03, 2024 shares
Time-Based Restricted Stock Units
Equity instruments other than options [Roll forward]
Outstanding, beginning of period (in units)	4,383
Granted (in units)	1,850
Vested (in units)	(817)
Forfeited (in units)	(411)
Outstanding, end of period (in units)	5,005
Performance Shares
Equity instruments other than options [Roll forward]
Outstanding, beginning of period (in units)	1,236
Granted (in units)	736
Vested (in units)	(284)
Forfeited (in units)	(692)
Outstanding, end of period (in units)	996

Shareholders' Equity (Details)

Shareholders' Equity (Details) $ in Millions	6 Months Ended
	Aug. 03, 2024 USD ($) $ / shares shares	Feb. 03, 2024 shares	Jul. 29, 2023 shares	Aug. 17, 2017 USD ($)
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	100,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0
Preferred Stock, Shares Issued	0
Class A Common Shares
Class of Stock [Line Items]
Common Stock, Voting Rights, Number Of Votes | $ / shares	1
Common Stock, Shares Authorized	250,000,000	250,000,000	250,000,000
Common Stock, Shares, Issued	92,982,000	92,051,000	91,138,000
Common Shares, outstanding (in shares)	47,757,000	49,491,000	56,143,000
Treasury Stock, Common, Shares	45,225,000	42,560,000	34,995,000
Authorized repurchase amount | $				$ 500
Remaining authorized repurchase amount | $	$ 69.7			$ 33.5
Repurchase of Class A common shares (in shares)	2,700,000
Repurchase of Class A common shares | $	$ 18
Class B Common Shares
Class of Stock [Line Items]
Common Stock, Voting Rights, Number Of Votes | $ / shares	8
Common Stock, Shares Authorized	100,000,000	100,000,000	100,000,000
Common Stock, Shares, Issued	7,733,000	7,733,000	7,733,000
Common Shares, outstanding (in shares)	7,733,000	7,733,000	7,733,000
Treasury Stock, Common, Shares	0	0	0

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Receivables [Abstract]
Receivables with payment guarantee by third-party provider	$ 24,405	$ 18,615	$ 22,234
Receivables without payment guarantee	10,983	7,890	17,027
Income tax receivable	0	44,476	42,488
Other receivables	14,731	13,093	16,092
Total receivables	50,119	84,074	97,841
Allowance for doubtful accounts	(448)	(484)	(477)
Receivables, net	$ 49,671	$ 83,590	$ 97,364

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Aug. 03, 2024	May 04, 2024	Feb. 03, 2024	Jul. 29, 2023	Apr. 29, 2023	Jan. 28, 2023
Payables and Accruals [Abstract]
Gift cards	$ 25,345	$ 27,811	$ 31,662	$ 28,234	$ 30,933	$ 35,121
Accrued compensation and related expenses	31,579		19,342	27,142
Accrued taxes	23,721		23,134	21,878
Loyalty programs deferred revenue	14,554	$ 14,948	15,971	16,762	$ 16,632	$ 16,900
Customer returns and allowances	19,247		19,569	19,256
Other	46,709		49,944	58,858
Total accrued expenses	$ 161,155		$ 159,622	$ 172,130

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Debt Instrument [Line Items]
Total debt	$ 472,030	$ 434,195	$ 334,652
Less unamortized Term Loan debt issuance costs	(6,306)	(7,101)	(3,646)
Less current maturities of long-term debt	(6,750)	(6,750)	(2,500)
Long-term debt	458,974	420,344	328,506
Line of Credit | Revolving Credit Facility and Swing Loan | ABL Revolver
Debt Instrument [Line Items]
Total debt	342,280	301,070	284,652
Term Loan | Term Loan
Debt Instrument [Line Items]
Total debt	$ 129,750	$ 133,125	$ 50,000

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands		6 Months Ended
	Jun. 23, 2023 USD ($)	Aug. 03, 2024 USD ($)	Feb. 03, 2024 USD ($)	Jul. 29, 2023 USD ($)	Feb. 28, 2023 USD ($)
Debt Instrument [Line Items]
Total debt		$ 472,030	$ 434,195	$ 334,652
Term Loan | Term Loan
Debt Instrument [Line Items]
Debt face amount	$ 135,000
Total debt		$ 129,750	$ 133,125	$ 50,000
Debt term	5 years
Interest rate	12.30%
Effective interest rate	13.70%
Interest Rate Scenario One | Term Loan | Term Loan
Debt Instrument [Line Items]
Interest rate floor	2%
Interest Rate Scenario Two | Term Loan | Term Loan
Debt Instrument [Line Items]
Interest rate base	6%
Secured Overnight Financing Rate (SOFR) | Interest Rate Scenario One | Term Loan | Term Loan
Debt Instrument [Line Items]
Spread on variable interest rate	7%
Secured Overnight Financing Rate (SOFR) | Interest Rate Scenario Two | Term Loan | Term Loan
Debt Instrument [Line Items]
Spread on variable interest rate	1%
Base Rate | Interest Rate Scenario Two | Term Loan | Term Loan
Debt Instrument [Line Items]
Spread on variable interest rate	2%
Overnight Bank Funding Rate | Interest Rate Scenario Two | Term Loan | Term Loan
Debt Instrument [Line Items]
Spread on variable interest rate	0.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Fixed charge coverage ratio		1
Revolving Credit Facility | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Credit Facility, maximum capacity					$ 600,000
Current borrowing base		$ 471,800
Total debt		312,300
Letters of credit		4,400
Availability for borrowings		$ 155,100
Spread on variable interest rate		7.50%
Availability covenant, minimum amount		$ 47,300
Availability covenant, minimum percentage		10%
Liquidity covenant		$ 100,000
Revolving Credit Facility | ABL Revolver | Line of Credit | Debt Covenant Period One
Debt Instrument [Line Items]
Consolidated net leverage ratio		2.25
Revolving Credit Facility | ABL Revolver | Line of Credit | Debt Covenant Period Two
Debt Instrument [Line Items]
Consolidated net leverage ratio		2.50
Revolving Credit Facility | Federal Funds Rate | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Spread on variable interest rate		0.50%
Revolving Credit Facility | Federal Funds Rate | Interest Rate Floor | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Spread on variable interest rate		0%
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Spread on variable interest rate		1%
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Interest Rate Floor | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Spread on variable interest rate		0%
Revolving Credit Facility | Foreign | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Credit Facility, maximum capacity					60,000
Letter of Credit | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Credit Facility, maximum capacity					75,000
Domestic Line of Credit | Term Loan | Term Loan
Debt Instrument [Line Items]
Debt face amount	$ 121,500
Domestic Line of Credit | United States | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Credit Facility, maximum capacity					60,000
Foreign Line of Credit | Term Loan | Term Loan
Debt Instrument [Line Items]
Debt face amount	$ 13,500
Foreign Line of Credit | Non-US | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Credit Facility, maximum capacity					6,000
Term Loan | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Debt face amount					$ 30,000
Term Loan | Federal Funds Rate | Interest Rate Scenario One | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Spread on variable interest rate		0.50%
Term Loan | Secured Overnight Financing Rate (SOFR) | Interest Rate Scenario One | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Spread on variable interest rate		1%
Additional spread on variable interest rate		2.50%
Term Loan | Secured Overnight Financing Rate (SOFR) | Interest Rate Scenario Two | ABL Revolver | Line of Credit
Debt Instrument [Line Items]
Spread on variable interest rate		3.50%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Aug. 03, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Future payments for guarantees	$ 3.4

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Segment information [Abstract]
Net sales	$ 771,900	$ 792,217	$ 1,518,496	$ 1,534,299
Gross profit	252,914	273,387	497,983	511,126
Income from equity investments	2,571	2,138	5,435	4,469
Product
Segment information [Abstract]
Net sales	771,900	792,217	1,518,496	1,534,299
Segments | U.S. Retail
Segment information [Abstract]
Net sales	641,694	658,542	1,263,061	1,271,428
Gross profit	206,061	225,768	404,516	422,582
Income from equity investments	0	0	0	0
Segments | Canada Retail
Segment information [Abstract]
Net sales	74,797	70,266	130,309	124,221
Gross profit	25,307	23,811	42,692	40,985
Income from equity investments	0	0	0	0
Segments | Brand Portfolio
Segment information [Abstract]
Net sales	95,993	84,217	200,123	177,200
Gross profit	26,635	24,298	60,112	46,383
Income from equity investments	2,571	2,138	5,435	4,469
Segments | Product
Segment information [Abstract]
Net sales	812,484	813,025	1,593,493	1,572,849
Segments | Product | U.S. Retail
Segment information [Abstract]
Net sales	641,694	658,542	1,263,061	1,271,428
Segments | Product | Canada Retail
Segment information [Abstract]
Net sales	74,797	70,266	130,309	124,221
Segments | Product | Brand Portfolio
Segment information [Abstract]
Net sales	55,409	63,409	125,126	138,650
Eliminations
Segment information [Abstract]
Net sales	(40,584)	(20,808)	(74,997)	(38,550)
Gross profit	(5,089)	(490)	(9,337)	1,176
Eliminations | Brand Portfolio
Segment information [Abstract]
Net sales	$ 40,584	$ 20,808	$ 74,997	$ 38,550