Total comparable sales for the period were down by 2.5% year-on-year. The company reported that U.S. retail sales (which make up 79.6% of its total) were up 1.4% to US$621.37 million. Canadian retail sales (7.1% of the total) were up 2.9% to US$55.5 million and Brand Portfolio sales (13.3% of the total) grew 12% to US$104.13 million.

Designer Brands opened one store in the U.S. during the quarter and, in Canada, it acquired 28 Rubino stores, opened five stores and closed one. This made for a total of 500 U.S. stores and 175 in Canada as of May 4.

Gross profit at the end of the period was US$245.1 million, up by 3.1% year-on-year, while net income fell by 92.2% to US$885,000.

CEO Doug Howe said: “This quarter, we were pleased to deliver results in line with our expectations for this quarter, as we gain traction on our path to returning Designer Brands to growth. I am proud of the way our teams are embracing the strategic initiatives that we are implementing across the business as we work to transform into a more efficient and synergistic organisation.”