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COLUMBUS - Designer Brands Inc. (NYSE:DBI) announced Wednesday that Chief Financial Officer Jared Poff will resign effective October 31, 2025, to pursue a new professional opportunity. The announcement comes as the company faces financial headwinds, with InvestingPro data showing a challenging environment with revenue declining 4.6% and negative earnings per share of -$0.65 in the last twelve months.
Mark Haley, the company’s Senior Vice President, Controller and Principal Accounting Officer, will serve as Interim Principal Financial Officer beginning November 1, 2025, while the footwear retailer conducts a search for a permanent CFO.
Haley, 57, has been with Designer Brands since 2017, initially serving as Vice President and Controller before being appointed to his current role in January 2019. His prior experience includes executive positions at Conn’s, Inc., Coldwater Creek Inc., and SUPERVALU INC. He is a CPA with bachelor’s degrees in Finance and Accounting from the University of Idaho.
"Mark is a trusted and accomplished leader whose financial expertise and deep understanding of our business position him perfectly to lead during this important transition," said Doug Howe, Chief Executive Officer, in a press release statement.
Poff has served as Executive Vice President, Chief Financial Officer and Chief Administrative Officer. He will work with Haley and the company’s financial leadership team to facilitate a smooth transition.
Designer Brands operates over 660 DSW Designer Shoe Warehouse, The Shoe Co., and Rubino stores across North America. The company designs, produces, and retails footwear brands including Topo Athletic, Keds, Vince Camuto, and Jessica Simpson, among others. According to InvestingPro, the company maintains a current ratio of 1.31 and generates annual revenue of $2.9 billion, though analysts expect continued challenges ahead. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Designer Brands Inc. reported its Q2 2025 earnings, significantly surpassing analysts’ expectations. The company achieved an earnings per share of $0.34, well above the forecasted $0.14, and revenue reached $739.8 million, exceeding the anticipated $730.59 million. Additionally, Designer Brands announced a quarterly cash dividend of $0.05 per share for both Class A and Class B common shares, scheduled for distribution on October 17, 2025. In a strategic move, Designer Brands has partnered with Uber Technologies to offer its footwear and accessories through the Uber Eats platform, making nearly 500 DSW stores available for on-demand or scheduled delivery across the contiguous United States. This partnership aims to expand the accessibility of brands like Steve Madden and Adidas to a broader customer base. Meanwhile, UBS has reiterated its Neutral rating on Designer Brands, citing limited long-term growth potential despite its strong market position. The investment firm pointed out the maturity of the DSW banner and a high concentration in seasonal footwear as factors constraining growth. These developments provide a snapshot of Designer Brands’ recent activities and strategic decisions.
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