2.59%
Wednesday, June 5, 2019
Volume 2, Issue No. 10

Designer Brands Bets Big on Camuto for Speed to Market

The parent of the DSW chain is vowing to use its Oct. 2018 acquisition of the Camuto Group to develop, produce and deliver private label and licensed footwear not only to its own retail doors but also to the likes of Nordstrom, Dillard’s and Macy’s. Already, DBI says it has straightened out warehouse and delivery issues within the 17-year old Camuto organization, which was acquired for $375 million by Designer Brands and Authentic Brands Group.

“A few footwear brands are recognized for their speed to market. Over time, we will be the leader in this space,” DBI CEO Roger Rawlins told analysts last week.

Going forward as the Camuto operations continue to ramp up, look for increased presentation of exclusive brands in DSW stores. In Q1, exclusive brands accounted for 13 percent of DBI’s total revenues, a year-over-year increase of 42 percent. During the period, Camuto designed and produced footwear sold at wholesale to DSW and other retailers totaling more than $10 million. Teams from Designer Brands and Camuto are working together to move nearly all of DSW’s exclusive brand production from a current provider to Camuto.