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After Reorg Impacts 1,000 Jobs, DSW Parent Adds Liquidity with New Debt

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

On the heels of a reorganization last week that impacted more than 1,000 jobs, Designer Brands is taking on new debt to float the footwear firm through the tumultuous retail landscape ahead. In a July 30 staff memo, CEO Roger Rawlins described the reorg as a “painful but necessary” action addressing retail’s “new normal” after…

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