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Stock impact report

Q3 Earnings Outperformers: Designer Brands (NYSE:DBI) And The Rest Of The Apparel and Footwear Retail Stocks [Yahoo! Finance]

Designer Brands Inc. Class A (DBI) 
Last designer brands inc. class a earnings: 3/17 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Apparel and footwear was once a category thought to be relatively safe from major e-commerce penetration because of the need to try on, touch, and feel products, but the category is now meaningfully transacted online. Everyone still needs clothes and shoes to go outside unless they want some curious (or horrified) looks. But this ongoing digitization is forcing apparel and footwear retailers–that once only had brick-and-mortar stores–to respond with omnichannel offerings. The online shopping experience continues to improve and retail foot traffic in places like shopping malls continues to stagnate, so the evolution of clothing and shoes sellers marches on. The 12 apparel and footwear retail stocks we track reported a very strong Q3. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was 0.5% below. Luckily, apparel and footwear retail stocks have performed well with share prices up 23% on average since the latest earnings results Show less Read more
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