morning. challenging our hard by joining adopted begin spending I'd amidst inventory priorities, us to you quickly dedication and to executed work for Thank associates They on to designer our the sales to and this manage for backdrop. work effectively like levels trends brands. of macroeconomic their shifting all recognizing continued
where with we are year, at recognize we fully we ended While pleased are full we the potential. that our operating not
of the of fiscal to were we sales, future right deliver renewed place enter we decline though benefits of what However, during able as to size in strategy see we In our right move saw the work to EPS in the transitional cost XXXX, us confidence year-over-year processes our in as simultaneously a at XXXX, and range. end our with we and This we anticipation total to do have believe new will people base we begin guidance year upper forward. leadership be a still provides X.X% growth.
for sales contracted the the industry According footwear to year, dollar market. year-over-year weakness both third quarters and saw the fourth the Circana, in consecutively. During we fiscal industry across
This discretionary. inventory. impacted and with promotions segments compared above Retail warm Within operate the seasonal approximately seasonal first we seen mix the The the contributed highly quarter we for back result, market.
The year within to as in retail to have as XX% of to softness levels X.X% time most retail offerings we XXXX us decline since unseasonable half we that continue declined our a are full footwear our U.S. the our XXXX. offerings. weather a sales segment, U.S. a ensure to exited quarterly the instituted with And year necessary our we in as witnessed of healthy Canada
U.S. fourth Retail our sales million, the quarter, and we to X.X% quarter specifically a versus XXXX. providing With seasonal week, rebounded. segments decrease a the $XXX.X boost January of the as and During fourth XXrd the achieved of Canada category of Retail
positive While enough comps we Nike. saw and experienced the did QX. to to fall, sales our seasonal part into experienced assortment.
Contrary the compared up throughout the we to athletic. were during of due XX% in offset the challenges seasonal, see in some rebound continue was spots not the demand customers dress to bright reduced we in of quarter categories Both fourth of kids lean and Notably, to XXXX, these return casual athletic the
assortment. reintegrate in are was overall athletic, these and exciting to moving and results our we our evolve we and laser-focused on performance segments. in this given Our offerings our indicative casual acknowledge less swiftly seeing product we're lacking, We strength of are growing underpenetrated remain
given of as our in ongoing expect are nature is said, That degree a the who the second address brought being At encouraged and throughout U.S. are the international this sales our in President. of macro XXXX. by comp Denk, continuing quarter within of there uncertain the half headed we improve items leadership the XXXX point, Andrea a are to introduced we and most Laura President an XXXX, into elections comps seeing all footwear, talented performance most we're quarter-to-date. we anticipate that our weak new we will turnaround. we to high immediately newly appointed DSW, environment, have discretionary O’Donnell, Perhaps lap control We the inflection QX you XXXX conflicts.
But importantly, and upcoming impactful to last uncertainty Brands'
on their full effects driven will strategic already it organization both to time speak lead more a some changes. just in Although actions about plans the to moment. due of take the have meaningful see their times, I'll
look made I progress back to want the we to First, in XXXX.
set year, in our in to opportunities. our significant and made the notable driven our we progress brand acquisitions. given portfolio, retail and Over the both offerings recent space expand by casual penetration past white out athleisure, We
our drivers Our newest brands, portfolio, Topo, of of remain brand and our of athleisure will brands coming key the awareness over expect Keds to years. all accelerate growth distribution and we and
has pleased this progress with reached made we nostalgic since have effort, are transition This the On [ largely acquiring intensive an services this milestone. we the but and to Brand been thrilled ] agreement. Americana Keds, Wolverine we've exiting are
brand in throughout growing our With Hush our very remaining new excited portfolio American year. the focused our excited is fully the our about of had prospects contract exclusive XXXX new pipeline brand through the midway currently signed a into portfolio by DBI This portfolio Topo Athletic, North can strong to to its and this few first we a making to are brand assortment a and sequentially accounts awareness We the acquired sales quarter has bring we new wholesale opening innovation components XXXX, distribution robust year on customer only are fiscal December scheduled to integrated once which with total build Puppies. about franchise-driven transition, way and brand growth is the is ecosystem. to it market. increase conversion.
Also in
reputation it and exclusively still U.S. unique globally, elements we DSW, the portfolio. in relaunch it brings and here about the are sold excited strong brand is is at this to our While very a undergoing a has
build are laser-focused also on brands we store and progress our segments continuing incremental casual under strong While leadership into we progress with have to seeing upon made relationship and DSW. at athletic bringing brands are national and retail a portfolio, our
ramp into our kids entire channels and able September, Nike a months, neared the and our we within athletic tailwind for largest Being shopping welcomed Nike is offer offerings our as back levels. to across to few In women's assortment. casual sales men's, athletic penetration brand pre-COVID a our we up and customers
at top my priorities a this newest anniversary and urgency and and year the navigating to difficult it So of I've critical would who where CEO, strategy. do landscape. X-year in leaders sense I'm hire will one talent legacy took I our during rigor period comps shrinking of our identify clear When is be as brands, of sales and bring to sit last approaching we negative helm made a at execution my today? DSW
Our and at minds. our new expertise, improve customers' our fundamentals, our salience design grow Andrea the expand to operations put of leadership hires, specifically position Laura top own the retailing and back us of and us brands
strong share. to they seek their headed leadership continue as Mary We'll further market into Canada, also to expand team Turner in lean our by
strategy own just And heard although her has experience well new Laura XXXX. DSW. strategic her these I'd leaning You time organization, from at the priorities Mary's quarter are and from last deep moment off in she In like to leaders spearheading speak started the pillars, for Everlane. already with a to strategies recently some to a and Canada, crafting is of great Deckers new is underway, year take start. Andrea about to the is on early her thoughtfully
Let's at about plans first DSW. our talk
and our center in-season advancing extensive promotions strategic trends leadership essential can and As we previously partnership management. customer business. tactical is the merchandising, we brand drive buys. process, in approach. putting buzzworthy execute have addition on elevate career value DSW I and a that deliver our changes revitalizing which has assortments assortment She the receipt discussed, tools in merchandising by open our the proposition, to our at on we core and of merchant as Her stacked have sales insights healthy Laura's to the and first leaving is with a will conviction the closeout and critical transaction balance simplifying incremental balancing exciting optimize
be The and assortment effect brand of DSW. changes for a revitalized awareness improved cumulative these will
as down the Nike, Laura of Birkenstock build and leading to XXXX, return that to and discuss such with actively are is Balance. to objective brands Beyond customers work to secure strategy partners clear the Skechers, growth New is Her with brands, and sat DSW develop that merchandising DSW's conversation. reengaging brand our other for targets key side-by-side relationships of national be part is with brands stronger recently it Have want top styles demanding.
and summer spring come. for newness We all are positioned to well with the
results Our in are a assortment, kids. and strong we encouraging casual, and athletic teams built have seeing
customers, to To that styles to We updated will will premium in assortment, seek our vendors closeout as marketing. our including newness brands. to continue to we accessing continue opportunistic new are from invest with customers ways targeted as of ensure our opportunities pursuing well aware long-standing drive
launched second in TV to our loyalty Investments in on our ongoing already funnel unparalleled brand on results shown growth by and Our relevance, of top awareness. positive advertising expected of in focus marketing continue as campaign are as linear streaming the well that bolstered half brand has XXXX, supporting expanding program.
our in-store to DSW's pricing shopping LED and experiences. promotions focused painting, in-store as selectively is aspects flooring well hardwood includes on and Laura inviting more and lighting, updating and stores experience make enjoyable. Finally, the of shopping This simplifying even enhancing as digital such as brick-and-mortar strategically decor
marketing investments, Canada under retail As making we Mary updates to part also of are Turner. recent our the of operations leadership our
completed at begin The a both full will digitally for in new of storefronts. Company Shoe implementation and the of end and in In we rebranding XXXX, exercise month, Canada the this rebranding
be existing DSW, will also in significant anticipate Canada capabilities further XXXX. our driver are sales which in We a growth leveraging digital we at of
the we in new eager stores are market Shoe Company with see Finally, net as continue X add expansion Canada to of penetrate we to attractive plans stores XXXX. an in to
brand our to segment. portfolio Moving
been appointment and She next we over Deckers as experience its she evolve relatively that catalyst at and to footwear Our first for design Her the has our CEO is Everlane, Andrea level. that that brand still flat specific unique brands and experience each to have brings UGG she the and to Brands experience is is recent will expansion where the indispensable brings because journey brand, proven immediately building the additive Her for years. of our a in also customer. brand capabilities led current brands end time. believe apparel innings, know-how understands the the the marketing is organization. our early the us Koolaburra of scaled business take and to Andrea's
that plans Andrea's informed, With are aligned to growth leadership, build distribution plans brand with fueling robust partners, we strategy. our plan robust key and long-term to
of as across leverage current Andrea's brand is segment. within areas optimize and initial focus streamline to and grow our and brands. well the includes retail portfolio of segment efficiencies One our support to infrastructure across our as shared infrastructure finding This
its Our current acquisitions, multiple architecture. brand portfolio grown each own has through bringing
have processes working of of amalgamation ways, As Andrea's a often disparate setting plans. inefficiencies are in we growth. brands a critical proper growth foundation the an result, at systems, be different hampering supporting for our times roles we each internally and will in and rationalizing way creating
our many We're and simply synergies organization distinct additional unlocking match.
And most harness where to going where financial Before to to to store peers portfolio, and brands true is the provides with what extensive competitive lies for close, infrastructures networks, leverage our is focused. growing advantages network continue nationally cannot are I I state across about operational The we strategic again assets process financial true how with our savings I identify only I additional advantage. we and portfolio sense, of retail acquisitions our recent continue unique cost of a own combination us. opportunity And store our as logistics will efficiencies. am want makes fully excited not the pairing to together driving designer continue that brands fleet of our synergies. to brands and become and it by and integrated, believe leverage, ahead distributed but
specifically, the as continue year expect have I the to discussed. Looking implement of to we throughout initiatives balance ahead net to XXXX improve sales their we strategic
continue position that, I'll well we deliver we guidance. that There the a effectively truly both but managing the and our will under for over believe factors variety as which opportunities XXXX, control on that to growth direction are are of in unknowns to enter us we about the are tremendous our headed With it I Jared? am remain and attainable. excited turn Jared. to