Designer Brands (DBI) 10-Q 10 Dec 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Nov. 02, 2024	Dec. 03, 2024
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 02, 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	Q3
Amendment Flag	false
Class A Common Shares
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		40,195,442
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		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Net sales	$ 777,194	$ 786,329	$ 2,295,690	$ 2,320,628
Gross profit	247,445	256,406	745,428	767,532
Operating expenses	(210,457)	(230,788)	(675,904)	(665,437)
Income from equity investments	3,584	2,503	9,019	6,972
Impairment charges	(17,756)	0	(17,756)	(649)
Operating profit	22,816	28,121	60,787	108,418
Interest expense, net	(11,565)	(8,767)	(34,161)	(22,296)
Non-operating income (expenses), net	(260)	(162)	(512)	83
Income before income taxes	10,991	19,192	26,114	86,205
Income tax benefit (provision)	2,223	(8,987)	2,067	(27,372)
Net income	13,214	10,205	28,181	58,833
Net income attributable to redeemable noncontrolling interest	(202)	(64)	(562)	(73)
Net income attributable to Designer Brands Inc.	$ 13,012	$ 10,141	$ 27,619	$ 58,760
Earnings per share attributable to Designer Brands Inc.:
Basic earnings per share	$ 0.25	$ 0.17	$ 0.50	$ 0.93
Diluted earnings per share	$ 0.24	$ 0.17	$ 0.48	$ 0.90
Weighted average shares used in per share calculations:
Basic shares	52,083	58,633	55,570	62,860
Diluted shares	53,486	61,405	57,116	65,292
Product
Net sales	$ 777,194	$ 786,329	$ 2,295,690	$ 2,320,628
Cost of sales	$ (529,749)	$ (529,923)	$ (1,550,262)	$ (1,553,096)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Net income	$ 13,214	$ 10,205	$ 28,181	$ 58,833
Other comprehensive loss-
Foreign currency translation loss	(527)	(2,501)	(2,407)	(2,041)
Comprehensive income	12,687	7,704	25,774	56,792
Comprehensive income attributable to redeemable noncontrolling interest	(202)	(64)	(562)	(73)
Comprehensive income attributable to Designer Brands Inc.	$ 12,485	$ 7,640	$ 25,212	$ 56,719

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 02, 2024	Feb. 03, 2024	Oct. 28, 2023
ASSETS
Cash and cash equivalents	$ 36,227	$ 49,173	$ 54,638
Receivables, net	70,570	83,590	106,916
Inventories	637,012	571,331	601,470
Prepaid expenses and other current assets	56,864	73,338	36,785
Total current assets	800,673	777,432	799,809
Property and equipment, net	212,206	219,939	224,638
Operating lease assets	707,544	721,335	742,384
Goodwill	130,649	123,759	123,759
Intangible assets, net	85,854	82,827	83,032
Deferred tax assets	39,656	39,067	47,199
Equity investments	53,358	62,857	62,239
Other assets	50,824	49,016	49,518
Total assets	2,080,764	2,076,232	2,132,578
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND SHAREHOLDERS' EQUITY
Accounts payable	238,040	289,368	310,113
Accrued expenses	167,601	159,622	183,383
Current maturities of long-term debt	6,750	6,750	2,500
Current operating lease liabilities	155,220	166,531	182,259
Total current liabilities	567,611	622,271	678,255
Long-term debt	529,551	420,344	372,965
Non-current operating lease liabilities	644,303	646,161	669,494
Other non-current liabilities	17,521	24,948	21,072
Total liabilities	1,758,986	1,713,724	1,741,786
Commitments and contingencies
Redeemable noncontrolling interest	3,272	3,288	3,208
Shareholders' equity:
Common shares paid in-capital, no par value	1,041,480	1,030,765	1,028,307
Treasury shares, at cost	(833,355)	(764,802)	(764,748)
Retained earnings	118,427	98,896	131,416
Accumulated other comprehensive loss	(8,046)	(5,639)	(7,391)
Total shareholders' equity	318,506	359,220	387,584
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	$ 2,080,764	$ 2,076,232	$ 2,132,578

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	58,760			58,760
Stock-based compensation activity (in shares)							2,810
Stock-based compensation activity	9,435		9,435
Repurchase of Class A common shares (in shares)							(9,678)
Repurchase of Class A common shares (in shares)										9,678
Repurchase of Class A common shares	(102,134)	(102,134)
Dividends paid	(9,337)		0	(9,337)
Foreign currency translation gain (loss)	(2,041)				(2,041)
Common Shares, Outstanding, Ending Balance (in shares) at Oct. 28, 2023						49,053	49,053	7,733	7,733		42,560
Ending Balance at Oct. 28, 2023	387,584	(764,748)	1,028,307	131,416	(7,391)
Common Shares, Outstanding, Beginning Balance (in shares) at Jul. 29, 2023							56,143		7,733		34,995
Beginning Balance at Jul. 29, 2023	459,818	(685,048)	1,025,662	124,094	(4,890)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,141			10,141
Stock-based compensation activity (in shares)							475
Stock-based compensation activity	2,645		2,645
Repurchase of Class A common shares (in shares)							(7,565)
Repurchase of Class A common shares (in shares)										7,565
Repurchase of Class A common shares	(79,700)	(79,700)
Dividends paid	(2,819)		0	(2,819)
Foreign currency translation gain (loss)	(2,501)				(2,501)
Common Shares, Outstanding, Ending Balance (in shares) at Oct. 28, 2023						49,053	49,053	7,733	7,733		42,560
Ending Balance at Oct. 28, 2023	387,584	(764,748)	1,028,307	131,416	(7,391)
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	27,619			27,619
Stock-based compensation activity (in shares)							991
Stock-based compensation activity	10,715		10,715
Repurchase of Class A common shares (in shares)							(10,342)
Repurchase of Class A common shares (in shares)						10,300				10,342
Repurchase of Class A common shares	(68,553)	(68,553)
Dividends paid	(8,088)		0	(8,088)
Foreign currency translation gain (loss)	(2,407)				(2,407)
Common Shares, Outstanding, Ending Balance (in shares) at Nov. 02, 2024						40,140	40,140	7,733	7,733		52,902
Ending Balance at Nov. 02, 2024	318,506	(833,355)	1,041,480	118,427	(8,046)
Common Shares, Outstanding, Beginning Balance (in shares) at Aug. 03, 2024							47,757		7,733		45,225
Beginning Balance at Aug. 03, 2024	355,545	(782,771)	1,038,061	107,774	(7,519)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,012			13,012
Stock-based compensation activity (in shares)							60
Stock-based compensation activity	3,419		3,419
Repurchase of Class A common shares (in shares)							(7,677)
Repurchase of Class A common shares (in shares)										7,677
Repurchase of Class A common shares	(50,584)	(50,584)
Dividends paid	(2,359)		0	(2,359)
Foreign currency translation gain (loss)	(527)				(527)
Common Shares, Outstanding, Ending Balance (in shares) at Nov. 02, 2024						40,140	40,140	7,733	7,733		52,902
Ending Balance at Nov. 02, 2024	$ 318,506	$ (833,355)	$ 1,041,480	$ 118,427	$ (8,046)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 0.05	$ 0.05	$ 0.15	$ 0.15

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023
Cash flows from operating activities:
Net income	$ 28,181	$ 58,833
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	48,575	47,801
Stock-based compensation expense	14,990	25,167
Deferred income taxes	(405)	875
Income from equity investments	(9,019)	(6,972)
Distributions received from equity investments	11,532	8,552
Impairment charges	17,756	649
Other	875	(1,977)
Change in operating assets and liabilities, net of acquired amounts:
Accounts receivables	(35,549)	(21,462)
Income tax receivable	44,476	997
Inventories	(60,254)	44,782
Prepaid expenses and other current assets	16,384	5,998
Accounts payable	(55,202)	57,374
Accrued expenses	(788)	(6,926)
Operating lease assets and liabilities, net	(9,415)	(11,170)
Net cash provided by operating activities	12,137	202,521
Cash flows from investing activities:
Cash paid for property and equipment	(38,910)	(42,315)
Cash paid for business acquisitions	(16,144)	(127,496)
Other	4,362	0
Net cash used in investing activities	(50,692)	(169,811)
Cash flows from financing activities:
Borrowing on revolving credit facility	1,089,662	955,622
Payments on revolving credit facility	(976,623)	(906,087)
Proceeds from the issuance of the Term Loan	0	50,000
Payments for borrowings under Term Loan	(5,065)	0
Payments of debt issuance costs	0	(8,313)
Cash paid for treasury shares	(68,553)	(102,134)
Dividends paid	(8,088)	(9,337)
Cash paid for taxes for stock-based compensation shares withheld	(4,275)	(15,732)
Other	(903)	(117)
Net cash provided by (used in) financing activities	26,155	(36,098)
Effect of exchange rate changes on cash balances	(546)	(740)
Net decrease in cash and cash equivalents	(12,946)	(4,128)
Cash and cash equivalents, beginning of period	49,173	58,766
Cash and cash equivalents, end of period	36,227	54,638
Supplemental disclosures of cash flow information:
Net cash paid (received) for income taxes	(46,882)	16,515
Interest Paid, Excluding Capitalized Interest, Operating Activities	31,288	18,536
Cash paid for operating lease liabilities	157,435	158,240
Non-cash investing and financing activities:
Property and equipment purchases not yet paid	5,113	5,098
Operating lease liabilities arising from lease asset additions	10,818	16,217
Net increase to operating lease assets and lease liabilities for modifications	$ 100,678	$ 150,699

Description of Business and Sig

Description of Business and Significant Accounting Policies	9 Months Ended
	Nov. 02, 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 stores and e-commerce site in the United States ("U.S."). The Canada Retail segment operates The Shoe Co., DSW, and Rubino banners through its direct-to-consumer stores and e-commerce sites in Canada. 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, 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, goodwill and equity investments, 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 three and nine months ended October 28, 2023, we recognized $1.1 million and $4.0 million, respectively, 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 three months ended November 2, 2024 and October 28, 2023, we incurred severance costs of $1.2 million and $1.9 million, respectively. During the nine months ended November 2, 2024 and October 28, 2023, we incurred severance costs, excluding the severance related to the CEO transition, of $5.5 million and $4.3 million, respectively. These costs are included in operating expenses on the condensed consolidated statements of operations. As of November 2, 2024, February 3, 2024, and October 28, 2023, we had $2.0 million, $3.9 million, and $4.3 million, respectively, of severance liability included in accrued expenses on the condensed consolidated balance sheets. Impairment of Long-Lived Assets- During the three and nine months ended November 2, 2024, we recorded impairment charges of $9.2 million due to a vacated leased corporate office, $1.0 million due to an underperforming Canada Retail segment store, and $0.6 million due to an underperforming U.S. Retail segment store. During the nine months ended October 28, 2023, we recorded impairment charges of $0.6 million primarily related to weather damage to a corporate office. Impairment of Equity Investment- During the three and nine months ended November 2, 2024, we recorded an impairment charge of our ownership interest in Le Tigre of $7.0 million, resulting in no remaining value due to the inability of Le Tigre to generate earnings with expected future losses. Income Taxes- For the three months ended November 2, 2024 and October 28, 2023, our effective tax rate was a negative 20.2% and a positive 46.8%, respectively, and for the nine months ended November 2, 2024 and October 28, 2023, our effective tax rate was a negative 7.9% and a positive 31.8%, respectively. The negative effective tax rate for the nine months ended November 2, 2024 was due to discrete tax benefits recognized, primarily related to the release of tax reserves no longer deemed necessary and state tax planning initiatives, which partially offset the tax calculated on income before income taxes at statutory rates. The negative effective tax rate for the three months ended November 2, 2024 is the result of the change from a positive tax rate through the six months ended August 3, 2024 to a negative rate through the nine months ended November 2, 2024. The positive effective tax rates for the three and nine months ended October 28, 2023 was higher than statutory rates 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 payable 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 ("FASB") 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. In November 2024, the FASB issued ASU 2024-03, Income Statement Expense Disaggregation Disclosures, which requires disaggregated disclosures for specific cost and expense categories such as inventory purchases, employee compensation, depreciation, and amortization, as well as other disclosures. ASU 2024-03 is effective either on a retrospective basis to all prior periods presented or on a prospective basis beginning with our 2027 Annual Report on Form 10-K and subsequent interim periods. We are currently evaluating the impact of adopting ASU 2023-07 and ASU 2024-03 to the notes of the consolidated financial statements.

Acquisitions

Acquisitions	9 Months Ended
	Nov. 02, 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 $16.1 million in cash, 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 final 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 Final Purchase Price and Allocation as of November 2, 2024 Purchase Price: Cash consideration $ 16,674 $ (530) $ 16,144 Contingent consideration 1,472 (1,472) — $ 18,146 $ (2,002) $ 16,144 Fair value of assets and liabilities acquired: Inventories $ 6,967 $ 278 $ 7,245 Operating lease assets 9,334 — 9,334 Goodwill 9,972 (2,905) 7,067 Intangible assets 3,166 1,950 5,116 Other assets 2,273 170 2,443 Accounts payable and other current liabilities (4,232) (1,495) (5,727) Operating lease liabilities (9,334) — (9,334) $ 18,146 $ (2,002) $ 16,144 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	9 Months Ended
	Nov. 02, 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 November 2, 2024 Owned Brands: (1) Direct-to-consumer $ 105,094 $ 11,782 $ 13,877 $ — $ 130,753 External customer wholesale, commission income, and other — — 64,318 — 64,318 Intersegment wholesale — — 33,297 (33,297) — Total Owned Brands 105,094 11,782 111,492 (33,297) 195,071 National brands 510,401 71,722 — — 582,123 Total net sales $ 615,495 $ 83,504 $ 111,492 $ (33,297) $ 777,194 Three months ended October 28, 2023 Owned Brands: (1) Direct-to-consumer $ 123,973 $ 13,024 $ 17,204 $ — $ 154,201 External customer wholesale, commission income, and other — — 61,905 — 61,905 Intersegment wholesale and commission income — — 14,948 (14,948) — Total Owned Brands 123,973 13,024 94,057 (14,948) 216,106 National brands 507,637 62,586 — — 570,223 Total net sales $ 631,610 $ 75,610 $ 94,057 $ (14,948) $ 786,329 Nine months ended November 2, 2024 Owned Brands: (1) Direct-to-consumer $ 308,148 $ 30,692 $ 41,696 $ — $ 380,536 External customer wholesale, commission income, and other — — 161,625 — 161,625 Intersegment wholesale — — 108,294 (108,294) — Total Owned Brands 308,148 30,692 311,615 (108,294) 542,161 National brands 1,570,408 183,121 — — 1,753,529 Total net sales $ 1,878,556 $ 213,813 $ 311,615 $ (108,294) $ 2,295,690 Nine months ended October 28, 2023 Owned Brands: (1) Direct-to-consumer $ 362,931 $ 30,944 $ 43,604 $ — $ 437,479 External customer wholesale, commission income, and other — — 174,155 — 174,155 Intersegment wholesale and commission income — — 53,498 (53,498) — Total Owned Brands 362,931 30,944 271,257 (53,498) 611,634 National brands 1,540,107 168,887 — — 1,708,994 Total net sales $ 1,903,038 $ 199,831 $ 271,257 $ (53,498) $ 2,320,628 (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 nine months ended October 28, 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 Nine months ended (in thousands) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales: U.S. Retail segment: Women's footwear $ 390,519 $ 406,044 $ 1,202,177 $ 1,236,800 Men's footwear 130,006 136,455 407,762 419,008 Kids' footwear 60,689 54,521 166,447 143,978 Accessories and other 34,281 34,590 102,170 103,252 615,495 631,610 1,878,556 1,903,038 Canada Retail segment: Women's footwear 41,139 39,031 114,232 110,079 Men's footwear 20,866 18,526 54,219 51,272 Kids' footwear 17,874 15,145 36,411 30,778 Accessories and other 3,625 2,908 8,951 7,702 83,504 75,610 213,813 199,831 Brand Portfolio segment: Wholesale 96,166 74,099 265,428 219,592 Direct-to consumer 13,877 17,204 41,696 43,604 Commission income and other 1,449 2,754 4,491 8,061 111,492 94,057 311,615 271,257 Total segment net sales 810,491 801,277 2,403,984 2,374,126 Elimination of intersegment sales (33,297) (14,948) (108,294) (53,498) Total net sales $ 777,194 $ 786,329 $ 2,295,690 $ 2,320,628 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 Nine months ended (in thousands) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Gift cards: Beginning of period $ 25,345 $ 28,234 $ 31,662 $ 35,121 Gift cards redeemed and breakage recognized to net sales (11,740) (12,764) (43,768) (45,601) Gift cards issued 10,074 10,759 35,785 36,709 End of period $ 23,679 $ 26,229 $ 23,679 $ 26,229 Loyalty programs: Beginning of period $ 14,554 $ 16,762 $ 15,971 $ 16,900 Loyalty certificates redeemed and expired and other adjustments recognized to net sales (6,735) (7,434) (23,029) (22,861) Deferred revenue for loyalty points issued 7,466 7,923 22,343 23,212 End of period $ 15,285 $ 17,251 $ 15,285 $ 17,251

Related Party Transactions

Related Party Transactions	9 Months Ended
	Nov. 02, 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 November 2, 2024, the Schottenstein Affiliates beneficially owned approximately 31% of the Company's outstanding common shares, representing approximately 67% 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 November 2, 2024 and October 28, 2023, we recorded rent expense from the leases with Schottenstein Affiliates of $1.8 million and $2.0 million, respectively. For the nine months ended November 2, 2024 and October 28, 2023, we recorded rent expense from the leases with Schottenstein Affiliates of $5.4 million and $6.0 million, respectively. As of November 2, 2024, February 3, 2024, and October 28, 2023, we had related party current operating lease liabilities of $4.0 million, $5.6 million, and $4.6 million, respectively, and non-current operating lease liabilities of $17.7 million, $18.5 million, and $17.7 million, respectively. Other Purchases and Services - For both the three months ended November 2, 2024 and October 28, 2023, we had other purchases and services we incurred from the Schottenstein Affiliates of $0.8 million. For both the nine months ended November 2, 2024 and October 28, 2023, we had other purchases and services we incurred from the Schottenstein Affiliates of $2.0 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 November 2, 2024 and October 28, 2023, we recorded royalty expense for amounts paid to ABG-Camuto of $4.8 million and $4.5 million, respectively. For the nine months ended November 2, 2024 and October 28, 2023, we recorded royalty expense for amounts paid to ABG-Camuto of $14.4 million and $13.6 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	9 Months Ended
	Nov. 02, 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 Nine months ended (in thousands) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Weighted average basic shares outstanding 52,083 58,633 55,570 62,860 Dilutive effect of stock-based compensation awards 1,403 2,772 1,546 2,432 Weighted average diluted shares outstanding 53,486 61,405 57,116 65,292 For the three months ended November 2, 2024 and October 28, 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 4.0 million and 2.4 million, respectively. For the nine months ended November 2, 2024 and October 28, 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 and 3.3 million, respectively.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Nov. 02, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION For the three months ended November 2, 2024 and October 28, 2023, we recorded stock-based compensation expense of $3.6 million and $6.1 million, respectively. For the nine months ended November 2, 2024 and October 28, 2023, we recorded stock-based compensation expense of $15.0 million and $25.2 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 nine months ended November 2, 2024: (in thousands) Shares of Time-Based RSUs Shares of Performance-Based RSUs Outstanding - beginning of period 4,383 1,236 Granted 1,943 744 Vested (892) (284) Forfeited (559) (692) Outstanding - end of period 4,875 1,004

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Nov. 02, 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) November 2, 2024 February 3, 2024 October 28, 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 93,042 7,733 92,051 7,733 91,613 7,733 Outstanding shares 40,140 7,733 49,491 7,733 49,053 7,733 Treasury shares 52,902 — 42,560 — 42,560 — 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 nine months ended November 2, 2024, we repurchased 10.3 million Class A common shares at an aggregate cost of $68.6 million. As of November 2, 2024, $19.7 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. DIVIDENDS On November 21, 2024, the Board declared a quarterly cash dividend payment of $0.05 per share for both Class A and Class B common shares. The dividend will be paid on December 20, 2024 to shareholders of record at the close of business on December 6, 2024.

Receivables

Receivables	9 Months Ended
	Nov. 02, 2024
Receivables [Abstract]
RECEIVABLES	RECEIVABLES Receivables, net, consisted of the following: (in thousands) November 2, 2024 February 3, 2024 October 28, 2023 Customer accounts receivables: Receivables with payment guarantee by third-party provider $ 47,032 $ 18,615 $ 39,858 Receivables without payment guarantee 9,664 7,890 8,517 Income tax receivable — 44,476 43,024 Other receivables 14,300 13,093 15,879 Total receivables 70,996 84,074 107,278 Allowance for doubtful accounts (426) (484) (362) $ 70,570 $ 83,590 $ 106,916

Accrued Expenses

Accrued Expenses	9 Months Ended
	Nov. 02, 2024
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consisted of the following: (in thousands) November 2, 2024 February 3, 2024 October 28, 2023 Gift cards $ 23,679 $ 31,662 $ 26,229 Accrued compensation and related expenses 28,368 19,342 22,863 Accrued taxes 24,144 23,134 30,035 Loyalty programs deferred revenue 15,285 15,971 17,251 Customer returns and allowances 20,990 19,569 22,860 Other 55,135 49,944 64,145 $ 167,601 $ 159,622 $ 183,383

Debt

Debt	9 Months Ended
	Nov. 02, 2024
Debt Disclosure [Abstract]
DEBT	DEBT Debt consisted of the following: (in thousands) November 2, 2024 February 3, 2024 October 28, 2023 ABL Revolver $ 414,109 $ 301,070 $ 330,571 Term Loan 128,063 133,125 50,000 Total debt 542,172 434,195 380,571 Less unamortized Term Loan debt issuance costs (5,871) (7,101) (5,106) Less current maturities of long-term debt (6,750) (6,750) (2,500) Long-term debt $ 529,551 $ 420,344 $ 372,965 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 November 2, 2024, the revolving line of credit (excluding the FILO Term Loan) had a borrowing base of $506.8 million, with $384.1 million in outstanding borrowings and $4.4 million in letters of credit issued, resulting in $118.3 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 6.9% as of November 2, 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 11.7% (effective interest rate of 13.0% when including the amortization of debt issuance costs) as of November 2, 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 November 2, 2024, we were in compliance with all financial covenants contained in the ABL Revolver and the Term Loan.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 02, 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	9 Months Ended
	Nov. 02, 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 November 2, 2024 Net sales: External customer sales $ 615,495 $ 83,504 $ 78,195 $ — $ 777,194 Intersegment sales — — 33,297 (33,297) — Total net sales $ 615,495 $ 83,504 $ 111,492 $ (33,297) $ 777,194 Gross profit $ 187,790 $ 27,405 $ 31,313 $ 937 $ 247,445 Income from equity investments $ — $ — $ 3,584 $ — $ 3,584 Three months ended October 28, 2023 Net sales: External customer sales $ 631,610 $ 75,610 $ 79,109 $ — $ 786,329 Intersegment sales — — 14,948 (14,948) — Total net sales $ 631,610 $ 75,610 $ 94,057 $ (14,948) $ 786,329 Gross profit $ 200,268 $ 26,606 $ 28,654 $ 878 $ 256,406 Income from equity investments $ — $ — $ 2,503 $ — $ 2,503 (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Nine months ended November 2, 2024 Net sales: External customer sales $ 1,878,556 $ 213,813 $ 203,321 $ — $ 2,295,690 Intersegment sales — — 108,294 (108,294) — Total net sales $ 1,878,556 $ 213,813 $ 311,615 $ (108,294) $ 2,295,690 Gross profit $ 592,306 $ 70,097 $ 91,425 $ (8,400) $ 745,428 Income from equity investments $ — $ — $ 9,019 $ — $ 9,019 Nine months ended October 28, 2023 Net sales: External customer sales $ 1,903,038 $ 199,831 $ 217,759 $ — $ 2,320,628 Intersegment sales — — 53,498 (53,498) — Total net sales $ 1,903,038 $ 199,831 $ 271,257 $ (53,498) $ 2,320,628 Gross profit $ 622,850 $ 67,591 $ 75,037 $ 2,054 $ 767,532 Income from equity investments $ — $ — $ 6,972 $ — $ 6,972 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		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Pay vs Performance Disclosure
Net income	$ 13,012	$ 10,141	$ 27,619	$ 58,760

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Nov. 02, 2024	Nov. 02, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		RULE 10B5-1 TRADING PLANS During the three months ended November 2, 2024, none of our directors or executive officers adopted or terminated any contract, instruction, or written plan for the purchase or s ale 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)	9 Months Ended
	Nov. 02, 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, goodwill and equity investments, 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 three and nine months ended October 28, 2023, we recognized $1.1 million and $4.0 million, respectively, 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 three months ended November 2, 2024 and October 28, 2023, we incurred severance costs of $1.2 million and $1.9 million, respectively. During the nine months ended November 2, 2024 and October 28, 2023, we incurred severance costs, excluding the severance related to the CEO transition, of $5.5 million and $4.3 million, respectively. These costs are included in operating expenses on the condensed consolidated statements of operations. As of November 2, 2024, February 3, 2024, and October 28, 2023, we had $2.0 million, $3.9 million, and $4.3 million, respectively, of severance liability included in accrued expenses on the condensed consolidated balance sheets.
Income Taxes	Income Taxes- For the three months ended November 2, 2024 and October 28, 2023, our effective tax rate was a negative 20.2% and a positive 46.8%, respectively, and for the nine months ended November 2, 2024 and October 28, 2023, our effective tax rate was a negative 7.9% and a positive 31.8%, respectively. The negative effective tax rate for the nine months ended November 2, 2024 was due to discrete tax benefits recognized, primarily related to the release of tax reserves no longer deemed necessary and state tax planning initiatives, which partially offset the tax calculated on income before income taxes at statutory rates. The negative effective tax rate for the three months ended November 2, 2024 is the result of the change from a positive tax rate through the six months ended August 3, 2024 to a negative rate through the nine months ended November 2, 2024. The positive effective tax rates for the three and nine months ended October 28, 2023 was higher than statutory rates 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 payable 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 ("FASB") 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. In November 2024, the FASB issued ASU 2024-03, Income Statement Expense Disaggregation Disclosures,
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 nine months ended November 2, 2024, we repurchased 10.3 million Class A common shares at an aggregate cost of $68.6 million. As of November 2, 2024, $19.7 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)	9 Months Ended
	Nov. 02, 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 (in thousands) Preliminary Purchase Price and Allocation as of April 8, 2024 Measurement Period Adjustments Final Purchase Price and Allocation as of November 2, 2024 Purchase Price: Cash consideration $ 16,674 $ (530) $ 16,144 Contingent consideration 1,472 (1,472) — $ 18,146 $ (2,002) $ 16,144 Fair value of assets and liabilities acquired: Inventories $ 6,967 $ 278 $ 7,245 Operating lease assets 9,334 — 9,334 Goodwill 9,972 (2,905) 7,067 Intangible assets 3,166 1,950 5,116 Other assets 2,273 170 2,443 Accounts payable and other current liabilities (4,232) (1,495) (5,727) Operating lease liabilities (9,334) — (9,334) $ 18,146 $ (2,002) $ 16,144

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Nov. 02, 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 November 2, 2024 Owned Brands: (1) Direct-to-consumer $ 105,094 $ 11,782 $ 13,877 $ — $ 130,753 External customer wholesale, commission income, and other — — 64,318 — 64,318 Intersegment wholesale — — 33,297 (33,297) — Total Owned Brands 105,094 11,782 111,492 (33,297) 195,071 National brands 510,401 71,722 — — 582,123 Total net sales $ 615,495 $ 83,504 $ 111,492 $ (33,297) $ 777,194 Three months ended October 28, 2023 Owned Brands: (1) Direct-to-consumer $ 123,973 $ 13,024 $ 17,204 $ — $ 154,201 External customer wholesale, commission income, and other — — 61,905 — 61,905 Intersegment wholesale and commission income — — 14,948 (14,948) — Total Owned Brands 123,973 13,024 94,057 (14,948) 216,106 National brands 507,637 62,586 — — 570,223 Total net sales $ 631,610 $ 75,610 $ 94,057 $ (14,948) $ 786,329 Nine months ended November 2, 2024 Owned Brands: (1) Direct-to-consumer $ 308,148 $ 30,692 $ 41,696 $ — $ 380,536 External customer wholesale, commission income, and other — — 161,625 — 161,625 Intersegment wholesale — — 108,294 (108,294) — Total Owned Brands 308,148 30,692 311,615 (108,294) 542,161 National brands 1,570,408 183,121 — — 1,753,529 Total net sales $ 1,878,556 $ 213,813 $ 311,615 $ (108,294) $ 2,295,690 Nine months ended October 28, 2023 Owned Brands: (1) Direct-to-consumer $ 362,931 $ 30,944 $ 43,604 $ — $ 437,479 External customer wholesale, commission income, and other — — 174,155 — 174,155 Intersegment wholesale and commission income — — 53,498 (53,498) — Total Owned Brands 362,931 30,944 271,257 (53,498) 611,634 National brands 1,540,107 168,887 — — 1,708,994 Total net sales $ 1,903,038 $ 199,831 $ 271,257 $ (53,498) $ 2,320,628 (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 nine months ended October 28, 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 Nine months ended (in thousands) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales: U.S. Retail segment: Women's footwear $ 390,519 $ 406,044 $ 1,202,177 $ 1,236,800 Men's footwear 130,006 136,455 407,762 419,008 Kids' footwear 60,689 54,521 166,447 143,978 Accessories and other 34,281 34,590 102,170 103,252 615,495 631,610 1,878,556 1,903,038 Canada Retail segment: Women's footwear 41,139 39,031 114,232 110,079 Men's footwear 20,866 18,526 54,219 51,272 Kids' footwear 17,874 15,145 36,411 30,778 Accessories and other 3,625 2,908 8,951 7,702 83,504 75,610 213,813 199,831 Brand Portfolio segment: Wholesale 96,166 74,099 265,428 219,592 Direct-to consumer 13,877 17,204 41,696 43,604 Commission income and other 1,449 2,754 4,491 8,061 111,492 94,057 311,615 271,257 Total segment net sales 810,491 801,277 2,403,984 2,374,126 Elimination of intersegment sales (33,297) (14,948) (108,294) (53,498) Total net sales $ 777,194 $ 786,329 $ 2,295,690 $ 2,320,628
Contract with Customer, Asset and Liability	The following table presents the changes and total balances for gift cards and loyalty programs: Three months ended Nine months ended (in thousands) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Gift cards: Beginning of period $ 25,345 $ 28,234 $ 31,662 $ 35,121 Gift cards redeemed and breakage recognized to net sales (11,740) (12,764) (43,768) (45,601) Gift cards issued 10,074 10,759 35,785 36,709 End of period $ 23,679 $ 26,229 $ 23,679 $ 26,229 Loyalty programs: Beginning of period $ 14,554 $ 16,762 $ 15,971 $ 16,900 Loyalty certificates redeemed and expired and other adjustments recognized to net sales (6,735) (7,434) (23,029) (22,861) Deferred revenue for loyalty points issued 7,466 7,923 22,343 23,212 End of period $ 15,285 $ 17,251 $ 15,285 $ 17,251

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 02, 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 Nine months ended (in thousands) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Weighted average basic shares outstanding 52,083 58,633 55,570 62,860 Dilutive effect of stock-based compensation awards 1,403 2,772 1,546 2,432 Weighted average diluted shares outstanding 53,486 61,405 57,116 65,292

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Nov. 02, 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 nine months ended November 2, 2024: (in thousands) Shares of Time-Based RSUs Shares of Performance-Based RSUs Outstanding - beginning of period 4,383 1,236 Granted 1,943 744 Vested (892) (284) Forfeited (559) (692) Outstanding - end of period 4,875 1,004

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Nov. 02, 2024
Shareholders' Equity [Abstract]
Schedule of Stock by Class	The following table provides additional information for our common shares: (in thousands) November 2, 2024 February 3, 2024 October 28, 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 93,042 7,733 92,051 7,733 91,613 7,733 Outstanding shares 40,140 7,733 49,491 7,733 49,053 7,733 Treasury shares 52,902 — 42,560 — 42,560 —

Receivables (Tables)

Receivables (Tables)	9 Months Ended
	Nov. 02, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Receivables, net, consisted of the following: (in thousands) November 2, 2024 February 3, 2024 October 28, 2023 Customer accounts receivables: Receivables with payment guarantee by third-party provider $ 47,032 $ 18,615 $ 39,858 Receivables without payment guarantee 9,664 7,890 8,517 Income tax receivable — 44,476 43,024 Other receivables 14,300 13,093 15,879 Total receivables 70,996 84,074 107,278 Allowance for doubtful accounts (426) (484) (362) $ 70,570 $ 83,590 $ 106,916

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Nov. 02, 2024
Payables and Accruals [Abstract]
Accrued Expenses	Accrued expenses consisted of the following: (in thousands) November 2, 2024 February 3, 2024 October 28, 2023 Gift cards $ 23,679 $ 31,662 $ 26,229 Accrued compensation and related expenses 28,368 19,342 22,863 Accrued taxes 24,144 23,134 30,035 Loyalty programs deferred revenue 15,285 15,971 17,251 Customer returns and allowances 20,990 19,569 22,860 Other 55,135 49,944 64,145 $ 167,601 $ 159,622 $ 183,383

Debt (Tables)

Debt (Tables)	9 Months Ended
	Nov. 02, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Debt consisted of the following: (in thousands) November 2, 2024 February 3, 2024 October 28, 2023 ABL Revolver $ 414,109 $ 301,070 $ 330,571 Term Loan 128,063 133,125 50,000 Total debt 542,172 434,195 380,571 Less unamortized Term Loan debt issuance costs (5,871) (7,101) (5,106) Less current maturities of long-term debt (6,750) (6,750) (2,500) Long-term debt $ 529,551 $ 420,344 $ 372,965

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Nov. 02, 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 November 2, 2024 Net sales: External customer sales $ 615,495 $ 83,504 $ 78,195 $ — $ 777,194 Intersegment sales — — 33,297 (33,297) — Total net sales $ 615,495 $ 83,504 $ 111,492 $ (33,297) $ 777,194 Gross profit $ 187,790 $ 27,405 $ 31,313 $ 937 $ 247,445 Income from equity investments $ — $ — $ 3,584 $ — $ 3,584 Three months ended October 28, 2023 Net sales: External customer sales $ 631,610 $ 75,610 $ 79,109 $ — $ 786,329 Intersegment sales — — 14,948 (14,948) — Total net sales $ 631,610 $ 75,610 $ 94,057 $ (14,948) $ 786,329 Gross profit $ 200,268 $ 26,606 $ 28,654 $ 878 $ 256,406 Income from equity investments $ — $ — $ 2,503 $ — $ 2,503 (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Nine months ended November 2, 2024 Net sales: External customer sales $ 1,878,556 $ 213,813 $ 203,321 $ — $ 2,295,690 Intersegment sales — — 108,294 (108,294) — Total net sales $ 1,878,556 $ 213,813 $ 311,615 $ (108,294) $ 2,295,690 Gross profit $ 592,306 $ 70,097 $ 91,425 $ (8,400) $ 745,428 Income from equity investments $ — $ — $ 9,019 $ — $ 9,019 Nine months ended October 28, 2023 Net sales: External customer sales $ 1,903,038 $ 199,831 $ 217,759 $ — $ 2,320,628 Intersegment sales — — 53,498 (53,498) — Total net sales $ 1,903,038 $ 199,831 $ 271,257 $ (53,498) $ 2,320,628 Gross profit $ 622,850 $ 67,591 $ 75,037 $ 2,054 $ 767,532 Income from equity investments $ — $ — $ 6,972 $ — $ 6,972

Description of Business and S_3

Description of Business and Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 02, 2024 USD ($)	Oct. 28, 2023 USD ($)	Nov. 02, 2024 USD ($) segment	Oct. 28, 2023 USD ($)	Feb. 03, 2024 USD ($)	Jul. 31, 2022
Entity Information [Line Items]
Number of reportable segments | segment			3
Restructuring charges incurred	$ 0	$ 1.1	$ 0	$ 4
Severance costs	1.2	1.9	5.5	4.3
Severance liability	$ 2	$ 4.3	$ 2	4.3	$ 3.9
Impairment charges, long-lived assets				$ (0.6)
Effective tax rate	(20.20%)	46.80%	(7.90%)	31.80%
Vacated Leased Corporate Office
Entity Information [Line Items]
Impairment charges, long-lived assets	$ (9.2)		$ (9.2)
Canada | Retail Store
Entity Information [Line Items]
Impairment charges, long-lived assets	(1)		(1)
United States | Retail Store
Entity Information [Line Items]
Impairment charges, long-lived assets	$ (0.6)		$ (0.6)
Le Tigre
Entity Information [Line Items]
Ownership percentage	33.30%		33.30%			33.30%
Impairment charge, equity investment			$ 7
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
	Nov. 02, 2024	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	$ 16,144	$ 16,100	$ 16,674
Contingent consideration	$ 0		$ 1,472

Acquisitions - Allocation of Co

Acquisitions - Allocation of Consideration (Details) - USD ($) $ in Thousands				7 Months Ended	12 Months Ended
	Nov. 02, 2024	Aug. 03, 2024	Apr. 08, 2024	Nov. 02, 2024	Feb. 03, 2024	Oct. 28, 2023
Fair value of assets and liabilities acquired:
Goodwill	$ 130,649			$ 130,649	$ 123,759	$ 123,759
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	16,144	$ 16,100	$ 16,674
Contingent consideration	0		1,472
Total consideration transferred	16,144		18,146
Fair value of assets and liabilities acquired:
Inventories	7,245		6,967	7,245
Operating lease assets	9,334		9,334	9,334
Goodwill	7,067		9,972	7,067
Intangible assets	5,116		3,166	5,116
Other assets	2,443		2,273	2,443
Accounts payable and other current liabilities	(5,727)		(4,232)	(5,727)
Operating lease liabilities	(9,334)		(9,334)	(9,334)
Fair value of assets and liabilities acquired	$ 16,144		$ 18,146	16,144
Measurement Period Adjustments
Cash consideration				(530)
Contingent consideration				(1,472)
Inventories				278
Goodwill				(2,905)
Intangible assets				1,950
Other assets				170
Accounts payable and other current liabilities				(1,495)
Total Measurement Period Adjustments				$ (2,002)

Revenue - by Brand Categories (

Revenue - by Brand Categories (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 777,194	$ 786,329	$ 2,295,690	$ 2,320,628
Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(33,297)	(14,948)	(108,294)	(53,498)
U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	615,495	631,610	1,878,556	1,903,038
Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	83,504	75,610	213,813	199,831
Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	111,492	94,057	311,615	271,257
Owned Brands
Disaggregation of Revenue [Line Items]
Total net sales	195,071	216,106	542,161	611,634
Owned Brands | Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(33,297)	(14,948)	(108,294)	(53,498)
Owned Brands | U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	105,094	123,973	308,148	362,931
Owned Brands | Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	11,782	13,024	30,692	30,944
Owned Brands | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	111,492	94,057	311,615	271,257
Owned Brands | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Total net sales	130,753	154,201	380,536	437,479
Owned Brands | Direct-to-consumer | U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	105,094	123,973	308,148	362,931
Owned Brands | Direct-to-consumer | Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	11,782	13,024	30,692	30,944
Owned Brands | Direct-to-consumer | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	13,877	17,204	41,696	43,604
Owned Brands | External customer wholesale and commission income
Disaggregation of Revenue [Line Items]
Total net sales	64,318	61,905	161,625	174,155
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	64,318	61,905	161,625	174,155
Owned Brands | Intersegment wholesale and commission income | Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(33,297)	(14,948)	(108,294)	(53,498)
Owned Brands | Intersegment wholesale and commission income | Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	33,297	14,948	108,294	53,498
National Brands
Disaggregation of Revenue [Line Items]
Total net sales	582,123	570,223	1,753,529	1,708,994
National Brands | U.S. Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	510,401	507,637	1,570,408	1,540,107
National Brands | Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	71,722	62,586	183,121	168,887
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		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 777,194	$ 786,329	$ 2,295,690	$ 2,320,628
Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(33,297)	(14,948)	(108,294)	(53,498)
Product
Disaggregation of Revenue [Line Items]
Total net sales	777,194	786,329	2,295,690	2,320,628
Product | Segments
Disaggregation of Revenue [Line Items]
Total net sales	810,491	801,277	2,403,984	2,374,126
U.S. Retail Segment | Segments
Disaggregation of Revenue [Line Items]
Total net sales	615,495	631,610	1,878,556	1,903,038
U.S. Retail Segment | Women's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	390,519	406,044	1,202,177	1,236,800
U.S. Retail Segment | Men's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	130,006	136,455	407,762	419,008
U.S. Retail Segment | Kids' footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	60,689	54,521	166,447	143,978
U.S. Retail Segment | Accessories and other | Segments
Disaggregation of Revenue [Line Items]
Total net sales	34,281	34,590	102,170	103,252
Canada Retail | Segments
Disaggregation of Revenue [Line Items]
Total net sales	83,504	75,610	213,813	199,831
Canada Retail | Women's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	41,139	39,031	114,232	110,079
Canada Retail | Men's footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	20,866	18,526	54,219	51,272
Canada Retail | Kids' footwear | Segments
Disaggregation of Revenue [Line Items]
Total net sales	17,874	15,145	36,411	30,778
Canada Retail | Accessories and other | Segments
Disaggregation of Revenue [Line Items]
Total net sales	3,625	2,908	8,951	7,702
Canada Retail | Product | Segments
Disaggregation of Revenue [Line Items]
Total net sales	83,504	75,610	213,813	199,831
Brand Portfolio | Segments
Disaggregation of Revenue [Line Items]
Total net sales	111,492	94,057	311,615	271,257
Brand Portfolio | Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	33,297	14,948	108,294	53,498
Brand Portfolio | Wholesale | Segments
Disaggregation of Revenue [Line Items]
Total net sales	96,166	74,099	265,428	219,592
Brand Portfolio | Commission income | Segments
Disaggregation of Revenue [Line Items]
Total net sales	13,877	17,204	4,491	8,061
Brand Portfolio | Direct-to-consumer | Segments
Disaggregation of Revenue [Line Items]
Total net sales	1,449	2,754	41,696	43,604
Brand Portfolio | Product | Segments
Disaggregation of Revenue [Line Items]
Total net sales	$ 78,195	$ 79,109	$ 203,321	$ 217,759

Revenue - Deferred Revenue Liab

Revenue - Deferred Revenue Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Contract With Customer Liability [Roll Forward]
Gift cards and merchandise credits, beginning balance	$ 25,345	$ 28,234	$ 31,662	$ 35,121
Gift cards and merchandise credits, ending balance	23,679	26,229	23,679	26,229
Loyalty programs deferred revenue, beginning balance	14,554	16,762	15,971	16,900
Loyalty programs deferred revenue, ending balance	15,285	17,251	15,285	17,251
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	(6,735)	(7,434)	(23,029)	(22,861)
Deferred revenue for loyalty points issued
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	7,466	7,923	22,343	23,212
Gift cards redeemed and breakage recognized to net sales
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	(11,740)	(12,764)	(43,768)	(45,601)
Gift cards issued
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	$ 10,074	$ 10,759	$ 35,785	$ 36,709

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023	Feb. 03, 2024	Jul. 31, 2022
Related Party Transaction [Line Items]
Outstanding common shares owned (in hundredths)	31%		31%
Combined voting power of outstanding common shares (in hundredths)	67%		67%
Current operating lease liabilities	$ 155,220	$ 182,259	$ 155,220	$ 182,259	$ 166,531
Non-current operating lease liabilities	644,303	669,494	644,303	669,494	646,161
Related Party
Related Party Transaction [Line Items]
Current operating lease liabilities	4,000	4,600	4,000	4,600	5,600
Non-current operating lease liabilities	17,700	17,700	17,700	17,700	$ 18,500
Related Party
Related Party Transaction [Line Items]
Lease expense	$ 1,800	2,000	$ 5,400	6,000
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	$ 4,500	$ 14,400	$ 13,600
Affiliated Entity | Schottenstein Affiliates
Related Party Transaction [Line Items]
Other purchases and services	$ 800		$ 2,000
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		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Earnings Per Share [Abstract]
Basic shares	52,083	58,633	55,570	62,860
Weighted average basic shares outstanding	1,403	2,772	1,546	2,432
Diluted shares	53,486	61,405	57,116	65,292

Earnings Per Share - Anti-Dilut

Earnings Per Share - Anti-Dilutive Securities (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	4	2.4	3.6	3.3

Stock-based Compensation - Expe

Stock-based Compensation - Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 3,600	$ 6,100	$ 15,000	$ 25,200

Stock-based Compensation - Rest

Stock-based Compensation - Restricted Stock Units (Details) shares in Thousands	9 Months Ended
	Nov. 02, 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)	1,943
Vested (in units)	(892)
Forfeited (in units)	(559)
Outstanding, end of period (in units)	4,875
Performance Shares
Equity instruments other than options [Roll forward]
Outstanding, beginning of period (in units)	1,236
Granted (in units)	744
Vested (in units)	(284)
Forfeited (in units)	(692)
Outstanding, end of period (in units)	1,004

Shareholders' Equity (Details)

Shareholders' Equity (Details) $ in Millions	3 Months Ended	9 Months Ended
	Feb. 01, 2025 $ / shares	Nov. 02, 2024 USD ($) $ / shares shares	Feb. 03, 2024 shares	Oct. 28, 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		93,042,000	92,051,000	91,613,000
Common Shares, outstanding (in shares)		40,140,000	49,491,000	49,053,000
Treasury Stock, Common, Shares		52,902,000	42,560,000	42,560,000
Authorized repurchase amount | $					$ 500
Remaining authorized repurchase amount | $		$ 19.7			$ 33.5
Repurchase of Class A common shares (in shares)		10,300,000
Repurchase of Class A common shares | $		$ 68.6
Class A Common Shares | Subsequent Event
Class of Stock [Line Items]
Dividend declared (in dollars per share) | $ / shares	$ 0.05
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
Class B Common Shares | Subsequent Event
Class of Stock [Line Items]
Dividend declared (in dollars per share) | $ / shares	$ 0.05

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Nov. 02, 2024	Feb. 03, 2024	Oct. 28, 2023
Receivables [Abstract]
Receivables with payment guarantee by third-party provider	$ 47,032	$ 18,615	$ 39,858
Receivables without payment guarantee	9,664	7,890	8,517
Income tax receivable	0	44,476	43,024
Other receivables	14,300	13,093	15,879
Total receivables	70,996	84,074	107,278
Allowance for doubtful accounts	(426)	(484)	(362)
Receivables, net	$ 70,570	$ 83,590	$ 106,916

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Nov. 02, 2024	Aug. 03, 2024	Feb. 03, 2024	Oct. 28, 2023	Jul. 29, 2023	Jan. 28, 2023
Payables and Accruals [Abstract]
Gift cards	$ 23,679	$ 25,345	$ 31,662	$ 26,229	$ 28,234	$ 35,121
Accrued compensation and related expenses	28,368		19,342	22,863
Accrued taxes	24,144		23,134	30,035
Loyalty programs deferred revenue	15,285	$ 14,554	15,971	17,251	$ 16,762	$ 16,900
Customer returns and allowances	20,990		19,569	22,860
Other	55,135		49,944	64,145
Total accrued expenses	$ 167,601		$ 159,622	$ 183,383

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Nov. 02, 2024	Feb. 03, 2024	Oct. 28, 2023
Debt Instrument [Line Items]
Total debt	$ 542,172	$ 434,195	$ 380,571
Less unamortized Term Loan debt issuance costs	(5,871)	(7,101)	(5,106)
Less current maturities of long-term debt	(6,750)	(6,750)	(2,500)
Long-term debt	529,551	420,344	372,965
Line of Credit | Revolving Credit Facility and Swing Loan | ABL Revolver
Debt Instrument [Line Items]
Total debt	414,109	301,070	330,571
Term Loan | Term Loan
Debt Instrument [Line Items]
Total debt	$ 128,063	$ 133,125	$ 50,000

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands		9 Months Ended
	Jun. 23, 2023 USD ($)	Nov. 02, 2024 USD ($)	Feb. 03, 2024 USD ($)	Oct. 28, 2023 USD ($)	Feb. 28, 2023 USD ($)
Debt Instrument [Line Items]
Total debt		$ 542,172	$ 434,195	$ 380,571
Term Loan | Term Loan
Debt Instrument [Line Items]
Debt face amount	$ 135,000
Total debt		$ 128,063	$ 133,125	$ 50,000
Debt term	5 years
Interest rate	11.70%
Effective interest rate	13%
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		$ 506,800
Total debt		384,100
Letters of credit		4,400
Availability for borrowings		$ 118,300
Spread on variable interest rate		6.90%
Availability covenant, minimum amount		$ 47,300
Availability covenant, minimum percentage		10%
Liquidity covenant		$ 100,000
Liquidity covenant, term		45 days
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	Nov. 02, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Future payments for guarantees	$ 3.2

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2024	Oct. 28, 2023	Nov. 02, 2024	Oct. 28, 2023
Segment information [Abstract]
Net sales	$ 777,194	$ 786,329	$ 2,295,690	$ 2,320,628
Gross profit	247,445	256,406	745,428	767,532
Income from equity investments	3,584	2,503	9,019	6,972
Product
Segment information [Abstract]
Net sales	777,194	786,329	2,295,690	2,320,628
Segments | U.S. Retail
Segment information [Abstract]
Net sales	615,495	631,610	1,878,556	1,903,038
Gross profit	187,790	200,268	592,306	622,850
Income from equity investments	0	0	0	0
Segments | Canada Retail
Segment information [Abstract]
Net sales	83,504	75,610	213,813	199,831
Gross profit	27,405	26,606	70,097	67,591
Income from equity investments	0	0	0	0
Segments | Brand Portfolio
Segment information [Abstract]
Net sales	111,492	94,057	311,615	271,257
Gross profit	31,313	28,654	91,425	75,037
Income from equity investments	3,584	2,503	9,019	6,972
Segments | Product
Segment information [Abstract]
Net sales	810,491	801,277	2,403,984	2,374,126
Segments | Product | U.S. Retail
Segment information [Abstract]
Net sales	615,495	631,610	1,878,556	1,903,038
Segments | Product | Canada Retail
Segment information [Abstract]
Net sales	83,504	75,610	213,813	199,831
Segments | Product | Brand Portfolio
Segment information [Abstract]
Net sales	78,195	79,109	203,321	217,759
Eliminations
Segment information [Abstract]
Net sales	(33,297)	(14,948)	(108,294)	(53,498)
Gross profit	937	878	(8,400)	2,054
Eliminations | Brand Portfolio
Segment information [Abstract]
Net sales	$ 33,297	$ 14,948	$ 108,294	$ 53,498