At Designer Brands Inc.’s investor day earlier this month, the company said its private brands would drive growth over the next five years.
Specifically, the DSW parent company predicted that owned-brands would double from 19% of the company’s revenue to almost one-third by 2026, with most sales occurring in the company’s DTC channels. DBI acquired Camuto Group, which designs and develops the Vince Camuto brand and licenses footwear for Jessica Simpson and Lucky Brand, in 2018.
Read the full article here: https://footwearnews.com/2022/business/retail/walmart-dsw-lean-on-private-label-brands-1203273806/