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Why Designer Brands Stock Tumbled Today

TheMotleyFool

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Why Designer Brands Stock Tumbled TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Shares of Designer Brands (NYSE: DBI), the parent of DSW and other footwear retail brands, were pulling back today after the company reported disappointing results in its first-quarter earnings report.

As of 9:51 a.m. ET, Designer Brands stock was down 18.1% on the news.

Image source: Getty Images.

Source Fool.com

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