Designer Brands Inc. pursues the strategic integration of the Camuto group; Appoints Debbie Ferrée President of the Camuto Group and William L. Jordan President of Designer Brands Inc.

COUMBUS, Ohio, June 22, 2021 / PRNewswire / – Designer Brands Inc. (NYSE: DBI), one of North America’s leading shoe and accessory designers, producers and retailers, today announced two new executive appointments. These leaders will help support DBI’s strong market performance and its work to meet customer needs effectively and efficiently through its industry-leading omnichannel capabilities.

In addition to her continued role as Vice President, Debbie Ferrée was appointed president of the Camuto group, a position she has held on an interim basis since August 2020. In addition, William “Bill” Jordan was appointed President of Designer Brands. Jordan was appointed Director of Growth for Designer Brands in February 2020 and will continue to lead this work in his new role. Both appointments take effect immediately.

“Designer Brands continues to stay one step ahead of consumer and fashion trends, as evidenced by the continuous improvement in our financial performance,” said the CEO of Designer Brands. Roger rawlins. “To maintain this competitive advantage, we need the right leaders to guide us in evaluating and identifying ways to improve our organizational structure, including the continued integration of the Camuto Group to create greater value for the company. ‘business. This ensures that we will continue to meet customer needs both in-store and online, as our business recovers and we make the investments necessary to build a stronger foundation for the future. “

As President of the Camuto Group, Ferrée will accelerate her executive duties aimed at advancing Camuto’s integration into the DBI organization and brand growth. Integration work includes the continued growth of DSW-exclusive brands such as JLO Jennifer Lopez, Kelly & Katie and Crown Vintage as well as our other owned brands such as Vince Camuto. Our own brands have grown in recent quarters and accounted for 15 of the 25 best-selling items at DSW in the first quarter of 2021.

As President of Designer Brands, Jordan will continue to oversee the company’s shared services functions, including human resources and information technology. As part of the continuous integration of the Camuto Group, the procurement and supply chain business functions will be moved under Jordan in the Designer Brands shared services organization. This key operational centralization will improve our speed to market,

Rawlins added, “We have tremendous confidence in Debbie and Bill’s proven leadership as evidenced by their navigation in a rapidly changing retail landscape and the trust earned from our associates. successive improvement. “

About designer brands
Designer Brands is one of the largest designers, producers and retailers of footwear and accessories in North America. The company operates a portfolio of retail concepts in nearly 700 locations under the DSW Designer Shoe Warehouse®, The Shoe Company® and Shoe Warehouse® banners. The company designs and produces footwear and accessories through the Camuto Group, a leading manufacturer selling in more than 5,400 stores around the world. The Camuto Group holds the licensing rights for the footwear company Jessica Simpson® and the footwear and handbag licenses for Lucky Brand®. In partnership with a joint venture with Authentic Brands Group, the Company also holds an interest in Vince Camuto®, Louise et Cie®, and others. More information can be found at www.designerbrands.com.

Safe Harbor Declaration under the Private Titles Litigation Reform Act 1995
Certain statements contained in this press release may constitute forward-looking statements and are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You may identify such forward-looking statements by using forward-looking words such as “outlook”, “Could”, “believes”, “expects”, “potential”, “continue”, “may”, “will”, “should”, “would”, “seek”, “approximately”, “predict, “” intends “,” anticipates “,” estimates “,” anticipates “, or the negative version of these or other comparable words. These statements are based on Designer Brands’ current expectations and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from expressed future results, performance or achievements. or implied by statements. These factors include, but are not limited to: the risks and uncertainty associated with the continuing epidemic of the coronavirus (“COVID-19”), any future outbreaks of COVID-19 and any other development unfavorable to public health ; risks associated with loss or disruption associated with our distribution systems, including our distribution and distribution centers and stores, whether due to COVID-19, reliance on third-party suppliers, cybernetic or other attacks; risks associated with our international operations, including international trade, our reliance on foreign sources for goods, exposure to political, economic, operational, compliance and other risks, and fluctuations in exchange rates ; maintain strong relationships with our suppliers, manufacturers, licensors and retail customers; our ability to anticipate and respond to fashion trends, consumer preferences and changing customer expectations; our reliance on our loyalty programs and marketing to generate traffic, sales and customer retention; failure to retain our key executives or attract new qualified personnel; our ability to protect our reputation and maintain the brands we license; uncertain economic, political and social conditions and related impacts on discretionary consumer spending; our competitiveness in style, price, brand availability and customer service; and our ability to provide cost-effective purchasing platforms to customers. The risks and other factors that could cause our actual results to differ materially from our expectations are described in Designer Brands’ annual report on Form 10-K for the year ended. January 30, 2021, and the risk factors identified in other documents filed by Designer Brands with the Securities and Exchange Commission. All forward-looking statements speak only as they are made. Designer Brands assumes no obligation to update or revise any forward-looking statements included in this press release to reflect future events or circumstances.

SOURCE Designer Brands Inc.

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