Designer Brands (DBI) 10-Q8 Jun 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Apr. 29, 2023	Jun. 02, 2023
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 29, 2023
Document Transition Report	false
Entity File Number	1-32545
Entity Registrant Name	DESIGNER BRANDS INC.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0746639
Entity Address, Address Line One	810 DSW Drive,
Entity Address, City or Town	Columbus,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43219
City Area Code	(614)
Local Phone Number	237-7100
Title of 12(b) Security	Class A Common Shares, without par value
Trading Symbol	DBI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--02-03
Entity Central Index Key	0001319947
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Shares
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		58,073,011
Class B Common Shares
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		7,732,733

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Net sales	$ 742,082	$ 830,543
Gross profit	237,739	275,745
Operating expenses	(220,119)	(223,426)
Income from equity investments	2,331	1,945
Impairment charges	(341)	(1,072)
Operating profit	19,610	53,192
Interest expense, net	(6,597)	(2,952)
Loss on extinguishment of debt and write-off of debt issuance costs	0	(12,862)
Non-operating income (expenses), net	(334)	6
Income before income taxes	12,679	37,384
Income tax provision	(1,306)	(11,202)
Net income	11,373	26,182
Net loss attributable to redeemable noncontrolling interest	42	0
Net income attributable to Designer Brands Inc.	$ 11,415	$ 26,182
Earnings per share attributable to Designer Brands Inc.:
Basic earnings per share	$ 0.18	$ 0.36
Diluted earnings per share	$ 0.17	$ 0.34
Weighted average shares used in per share calculations:
Basic shares	64,371	72,923
Diluted shares	67,042	76,924
Product
Net sales	$ 742,082	$ 830,543
Cost of sales	$ (504,343)	$ (554,798)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Net income	$ 11,373	$ 26,182
Other comprehensive loss-
Foreign currency translation loss	(817)	(81)
Comprehensive income	10,556	26,101
Comprehensive loss attributable to redeemable noncontrolling interest	42	0
Comprehensive income attributable to Designer Brands Inc.	$ 10,598	$ 26,101

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
ASSETS
Cash and cash equivalents	$ 50,569	$ 58,766	$ 54,802
Receivables, net	100,237	77,763	222,297
Inventories	637,396	605,652	672,490
Prepaid expenses and other current assets	43,598	47,750	49,836
Total current assets	831,800	789,931	999,425
Property and equipment, net	227,692	235,430	250,123
Operating lease assets	701,670	700,373	635,334
Goodwill	134,770	97,115	93,655
Intangible assets, net	75,450	31,866	20,355
Deferred tax assets	50,111	48,285	0
Equity investments	66,151	63,820	55,118
Other assets	46,851	42,798	33,734
Total assets	2,134,495	2,009,618	2,087,744
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND SHAREHOLDERS' EQUITY
Accounts payable	288,526	255,364	369,147
Accrued expenses	170,759	190,676	208,282
Current operating lease liabilities	183,074	190,086	179,870
Total current liabilities	642,359	636,126	757,299
Long-term debt	390,302	281,035	306,861
Non-current operating lease liabilities	635,245	631,412	579,839
Other non-current liabilities	23,342	24,989	26,952
Total liabilities	1,691,248	1,573,562	1,670,951
Commitments and contingencies
Redeemable noncontrolling interest	3,093	3,155	0
Shareholders' equity:
Common shares paid in-capital, no par value	1,018,773	1,018,872	1,006,384
Treasury shares, at cost	(662,614)	(662,614)	(537,771)
Retained earnings (deficit)	90,162	81,993	(48,122)
Accumulated other comprehensive loss	(6,167)	(5,350)	(3,698)
Total shareholders' equity	440,154	432,901	416,793
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	$ 2,134,495	$ 2,009,618	$ 2,087,744

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Treasury Shares	Common Shares Paid in Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Loss	Class A Common Shares	Class A Common Shares Common shares	Class B Common Shares	Class B Common Shares Common shares	Treasury Shares	Treasury Shares Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Shares, outstanding (in shares)							65,624		7,733		22,169
Balance at Jan. 29, 2022	$ 412,396	$ (515,065)	$ 1,005,382	$ (74,304)	$ (3,617)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	26,182			26,182
Stock-based compensation activity (in shares)							482
Stock-based compensation activity	4,594		4,594
Repurchase of Class A common shares (in shares)						(1,656)
Repurchase of Class A common shares (in shares)										1,656
Repurchase of Class A common shares	(22,706)	(22,706)
Dividends paid	(3,592)		(3,592)	0
Foreign currency translation loss	(81)				(81)
Balance at Apr. 30, 2022	416,793	(537,771)	1,006,384	(48,122)	(3,698)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Shares, outstanding (in shares)						64,450	64,450	7,733	7,733		23,825
Common Shares, outstanding (in shares)						55,921	55,921	7,733	7,733		32,882
Balance at Jan. 28, 2023	432,901	(662,614)	1,018,872	81,993	(5,350)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,415			11,415
Stock-based compensation activity (in shares)							2,057
Stock-based compensation activity	(99)		(99)
Dividends paid	(3,246)		0	(3,246)
Foreign currency translation loss	(817)				(817)
Balance at Apr. 29, 2023	$ 440,154	$ (662,614)	$ 1,018,773	$ 90,162	$ (6,167)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Shares, outstanding (in shares)						57,978	57,978	7,733	7,733		32,882

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 0.05	$ 0.05

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Cash flows from operating activities:
Net income	$ 11,373	$ 26,182
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	16,565	21,384
Stock-based compensation expense	11,654	8,594
Deferred income taxes	(1,826)	(87)
Income from equity investments	(2,331)	(1,945)
Distributions received from equity investments	0	2,405
Impairment charges	341	1,072
Loss on extinguishment of debt and write-off of debt issuance costs	0	12,862
Other	(1,774)	3,485
Change in operating assets and liabilities, net of acquired amounts:
Accounts receivables	(20,985)	(21,941)
Income tax receivable	2,003	(548)
Inventories	14,168	(86,240)
Prepaid expenses and other current assets	45	4,784
Accounts payable	16,745	25,713
Accrued expenses	(19,246)	(11,406)
Operating lease assets and liabilities, net	(4,186)	(24,986)
Net cash provided by (used in) operating activities	22,546	(40,672)
Cash flows from investing activities:
Cash paid for property and equipment	(14,382)	(12,248)
Cash paid for business acquisitions	(109,553)	0
Other	0	(4,853)
Net cash used in investing activities	(123,935)	(17,101)
Cash flows from financing activities:
Borrowing on revolving credit facility	452,680	757,640
Payments on revolving credit facility	(343,263)	(450,779)
Payments for borrowings and prepayment premium under Term Loan	0	(238,196)
Cash paid for treasury shares	0	(22,706)
Dividends paid	(3,246)	0
Cash paid for taxes for stock-based compensation shares withheld	(11,753)	(4,000)
Other	(911)	(2,191)
Net cash provided by financing activities	93,507	39,768
Effect of exchange rate changes on cash balances	(315)	115
Net decrease in cash, cash equivalents, and restricted cash	(8,197)	(17,890)
Cash, cash equivalents, and restricted cash, beginning of period	58,766	74,459
Cash, cash equivalents, and restricted cash, end of period	50,569	56,569
Supplemental disclosures of cash flow information:
Cash paid (received) for income taxes	(2,887)	62
Cash paid for interest on debt	6,154	4,097
Cash paid for operating lease liabilities	52,974	73,621
Non-cash investing and financing activities:
Property and equipment purchases not yet paid	4,397	7,069
Operating lease liabilities arising from lease asset additions	4,711	4,143
Net increase to operating lease assets and lease liabilities for modifications	$ 38,344	$ 27,621

Description of Business and Sig

Description of Business and Significant Accounting Policies	3 Months Ended
Description of Business and Significant Accounting Policies	Apr. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS Business Operations- Designer Brands Inc. is one of the world's largest designers, producers, and retailers of footwear and accessories. We operate in three reportable segments: the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment operates the DSW Designer Shoe Warehouse ("DSW") banner through its direct-to-consumer U.S. stores and e-commerce site (www.dsw.com). The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites (www.theshoecompany.ca and www.dsw.ca). The Brand Portfolio segment earns revenue from the wholesale of products to retailers and international distributors, commission for serving retailers as the design and buying agent for products under private labels, and the sale of our branded products through direct-to-consumer e-commerce sites (www.vincecamuto.com, www.keds.com, www.keds.ca, and www.topoathletic.com). Our equity investments in ABG-Camuto, LLC ("ABG-Camuto") and Le Tigre 360 Global LLC ("Le Tigre") are an integral part of the Brand Portfolio segment. We have a 40% ownership interest in ABG-Camuto, a joint venture that owns the intellectual property rights of Vince Camuto and other brands. We are party to a licensing agreement with ABG-Camuto, which provides for the exclusive right to design, source, and sell footwear and handbags under the brands that ABG-Camuto owns. In July 2022, we acquired a 33.3% ownership interest in Le Tigre, which manages the Le Tigre brand. We are also party to a license agreement with Le Tigre, which provides for the exclusive right to design, source, and sell Le Tigre-branded footwear. In addition, we own the licensing rights for footwear of the Jessica Simpson brand and for footwear and handbags of the Lucky Brand. On February 4, 2023, we completed the acquisition of the Keds business from Wolverine World Wide, Inc. This expanded the reach of our Owned Brands offerings, which refers to those brands that we have rights to sell through ownership or license arrangements, into casual and athleisure footwear in the wholesale and direct-to-consumer e-commerce channels, complementing the additions of Le Tigre and Topo Athletic LLC ("Topo") during 2022. Basis of Presentation- The accompanying unaudited, condensed consolidated financial statements have been prepared by management in accordance with accounting principles generally accepted in the U.S. ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, we do not include all of the information and footnotes required by GAAP for complete financial statements. The accompanying financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated financial position, results of operations, and cash flows for these interim periods are not necessarily indicative of the results that may be expected in future periods. The balance sheet as of January 28, 2023 has been derived from the audited financial statements at that date. The financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the 2022 Form 10-K. Fiscal Year- Our fiscal year ends on the Saturday nearest to January 31. References to a fiscal year (e.g., "2023") refer to the calendar year in which the fiscal year begins. This reporting schedule is followed by many national retail companies and typically results in a 52-week fiscal year (including 2022), but occasionally will contain an additional week resulting in a 53-week fiscal year (including 2023). SIGNIFICANT ACCOUNTING POLICIES Accounting Policies- The complete summary of significant accounting policies is included in the notes to the consolidated financial statements as presented in our 2022 Form 10-K. Principles of Consolidation- The condensed consolidated financial statements include the accounts of Designer Brands Inc. and its subsidiaries, including any variable interest entities. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in United States ("U.S.") dollars. Use of Estimates- The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and reported amounts of net sales and expenses during the repor ting periods. Certain estimates and assumptions use forecasted financial information based on information reasonably available to us. Significant estimates and assumptions are required as a part of accounting for sales returns allowances, customer allowances and discounts reserve, gift card breakage income, deferred revenue associated with loyalty programs, valuation of inventories, depreciation and amortization, impairments of long-lived assets, intangibles and goodwill, lease accounting, redeemable noncontrolling interest, income taxes and valuation allowances on deferred tax assets, self-insurance reserves, and acquisitions. Although we believe these estimates and assumptions are reasonable, they are based on management's knowledge of current events and actions we may undertake in the future. Changes in facts and circumstances may result in revised estimates and assumptions, and actual results could differ from these estimates. Chief Executive Officer Transition- In January 2023, we announced our planned succession process relating to the Company's CEO role, whereby our former CEO, Roger Rawlins, stepped down from his role as CEO and as a member of the Board of Directors (the "Board") effective April 1, 2023, at which time Doug Howe, who previously served as Executive Vice President of the Company and President of DSW, assumed the CEO role and joined the Board. As previously disclosed, Mr. Rawlins commenced service as a strategic advisor to the Company and the Board effective April 1, 2023 through April 1, 2024 under the terms of a transition and consulting agreement. In conjunction with the CEO transition, we estimate CEO transition costs will total $8.1 million, consisting of $2.2 million in severance costs, $2.8 million in accelerated stock-based compensation (net of stock awards forfeited), and $3.1 million in retention stock awards to certain members of our leadership team and other related professional fees. During the fourth quarter of 2022 and the first quarter of 2023, we recognized $3.7 million and $2.2 million, respectively, in operating expenses on the consolidated statements of operations, with the remaining estimated $2.2 million to be recorded during the remainder of 2023. Severance- During the three months ended April 29, 2023 and April 30, 2022, we incurred severance costs, excluding the severance related to the CEO transition, of $2.1 million and $0.7 million, respectively. These costs are included in operating expenses in the condensed consolidated statements of operations. As of April 29, 2023, January 28, 2023, and April 30, 2022, we had $4.7 million, $5.7 million, and $1.1 million, respectively, of severance liability, including the severance related to the CEO transition, included in accrued expenses on the condensed consolidated balance sheets. Income Taxes- For the three months ended April 29, 2023 and April 30, 2022, our effective tax rate was 10.3% and 30.0%, respectively. The rate for the three months ended April 29, 2023 was impacted by net discrete tax benefits, including federal and state valuation allowance adjustments, partially offset by permanent non-deductible compensation. The rate for the three months ended April 30, 2022 was impacted by permanent non-deductible compensation. Cash, Cash Equivalents, and Restricted Cash- Cash and cash equivalents represent cash, money market funds, and credit card receivables that generally settle within three days. Restricted cash represented cash that was restricted as to withdrawal or usage and consisted of a mandatory cash deposit maintained for certain insurance policies and letters of credit. The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown on the condensed consolidated statements of cash flows: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Cash and cash equivalents $ 50,569 $ 58,766 $ 54,802 Restricted cash, included in prepaid expenses and other current assets — — 1,767 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 50,569 $ 58,766 $ 56,569 Fair Value- Fair value is defined as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are categorized using defined hierarchical levels related to the subjectivity associated with the inputs to fair value measurements as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Quoted prices for similar assets or liabilities in active markets or inputs that are observable. • Level 3 - Unobservable inputs in which little or no market activity exists. The carrying value of cash and cash equivalents, restricted cash, receivables, and accounts payables approximated their fair values due to their short-term nature. The carrying value of borrowings under our senior secured asset-based revolving credit facility ("ABL Revolver") approximated fair value based on the terms and variable interest rates.

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Apr. 29, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS Acquisition of Topo- On December 13, 2022, we acquired a 79.4% ownership interest in Topo for $19.3 million in cash. We have an exclusive call option to purchase the remaining 20.6% ownership interest in Topo upon the occurrence of certain events or after a period of two years following the close of the transaction. The noncontrolling interest holders also have a put option with respect to the remaining 20.6% ownership interest in Topo upon the occurrence of certain events or after a period of three years following the close of the transaction. The redemption price is defined in the operating agreement and is based primarily on a fixed multiple of Topo's trailing 12 months of adjusted earnings before interest, taxes, depreciation, amortization, and other agreed upon adjustments. The final purchase price and the allocation of the total consideration to the fair values of the assets, liabilities, and redeemable noncontrolling interest consisted of the following: (in thousands) Preliminary Purchase Price and Allocation as of December 13, 2022 Measurement Period Adjustments Final Purchase Price Allocation as of April 29, 2023 Purchase price cash consideration $ 19,062 $ 193 $ 19,255 Fair value of assets and liabilities acquired: Accounts receivables $ 3,195 $ (150) $ 3,045 Inventories 5,612 (20) 5,592 Goodwill 3,460 868 4,328 Intangible assets 12,500 (500) 12,000 Other assets 1,898 — 1,898 Accounts payable and other liabilities (4,438) (5) (4,443) Redeemable noncontrolling interest (3,165) — (3,165) $ 19,062 $ 193 $ 19,255 The fair value of the intangible assets relates to customer relationships and a tradename, which are amortized over a useful life of 10 and 15 years, respectively, and are based on the excess earnings method under the income approach. The fair value measurements are based on significant unobservable inputs, including discounted future cash flows and customer attrition rates. The fair value measurement of the redeemable noncontrolling interest was calculated by considering the implied fair value of Topo using the purchase price and an estimated amount to redeem the noncontrolling interest. The goodwill represents the excess of the purchase price over the fair value of the net assets acquired and was primarily attributable to acquiring an established design and sourcing process for athletic footwear. Goodwill is expected to be deductible for income tax purposes. During 2022, we incurred $1.3 million of acquisition-related costs in connection with the acquisition of Topo, which was included in operating expenses on the consolidated statements of operations. Acquisition of Keds- On February 4, 2023, we acquired the Keds business, including the Keds brand, inventory, and inventory-related accounts payable, from Wolverine World Wide, Inc. ("Seller") for $124.9 million. The cash portion of the purchase price was funded with available cash and borrowings on the ABL Revolver. The preliminary purchase price and the allocation of the total consideration to the fair values of the assets and liabilities consisted of the following: (in thousands) Preliminary Purchase Price and Allocation as of February 4, 2023 Purchase price: Cash Consideration $ 109,360 Due to Seller 19,040 Due from Seller for estimated contingent consideration (3,500) $ 124,900 Fair value of assets and liabilities acquired: Inventories $ 46,700 Goodwill 36,787 Intangible assets 44,800 Accounts payable (3,387) $ 124,900 We recorded an allocation of the purchase price to the tangible and identifiable intangible assets acquired and liabilities assumed based on their fair value at the acquisition date. The purchase price is subject to adjustments primarily based upon contingent considerations as provided by the purchase agreement, which are based on recognized sales and incurred marketing costs for certain identified aged inventories and may result in the Seller paying us up to $15.0 million by March 2024. We recorded an estimated amount due from Seller at fair value based on our estimated probability of the conditions being met requiring payment. The allocation of the purchase price is based on certain preliminary valuations and analysis that have not been completed as of the date of this filing. Any subsequent changes in the estimated fair values assumed upon the finalization of more detailed analysis within the measurement period will change the allocation of the purchase price and will be adjusted during the period in which the amounts are determined. We expect to finalize the valuations as soon as practicable, but not later than one year from the acquisition date. The fair value of inventories, which is made up of finished goods, was determined based on market assumptions for realizing a reasonable profit after selling costs. The fair value of the intangible assets relates to $40.1 million of an indefinite lived tradename and $4.7 million of customer relationships, which is amortized over a useful life of 10 years, and are based on the excess earnings method under the income approach. The fair value measurements are based on significant unobservable inputs, including discounted future cash flows and customer attrition rates. The goodwill represents the excess of the purchase price over the fair value of the net assets acquired and was primarily attributable to acquiring an established design and sourcing process for casual footwear, including kids' footwear, with international distribution. We determined that goodwill should be allocated to reporting units within the U.S. Retail and Brand Portfolio segments based on each reporting unit’s estimated benefit from the expected synergies from the Keds business acquisition. We recorded a preliminary allocation of goodwill of $25.5 million to the U.S. Retail segment based primarily on a discounted cash flow of the sourcing benefit. The remaining $11.3 million of goodwill was allocated to the Brand Portfolio segment. Goodwill is expected to be deductible for income tax purposes. We incurred $2.9 million of acquisition-related costs in connection with the acquisition of the Keds business, which was included in operating expenses on the condensed consolidated statements of operations.

Revenue

Revenue	3 Months Ended
Revenue	Apr. 29, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE DISAGGREGATION OF NET SALES Net Sales by Brand Categories- The following table presents net sales disaggregated by brand categories for each segment: (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Three months ended April 29, 2023 Owned Brands: (1) Direct-to-consumer $ 123,209 $ — $ 10,624 $ — $ 133,833 External customer wholesale, commission income, and other — — 64,617 — 64,617 Intersegment wholesale and commission income — — 17,742 (17,742) — Total Owned Brands 123,209 — 92,983 (17,742) 198,450 National brands 489,677 — — — 489,677 Canada Retail (2) — 53,955 — — 53,955 Total net sales $ 612,886 $ 53,955 $ 92,983 $ (17,742) $ 742,082 Three months ended April 30, 2022 Owned Brands: (1) Direct-to-consumer $ 139,155 $ — $ 6,527 $ — $ 145,682 External customer wholesale, commission income, and other — — 64,956 — 64,956 Intersegment wholesale and commission income — — 25,973 (25,973) — Total Owned Brands 139,155 — 97,456 (25,973) 210,638 National brands 563,590 — — — 563,590 Canada Retail (2) — 56,315 — — 56,315 Total net sales $ 702,745 $ 56,315 $ 97,456 $ (25,973) $ 830,543 (1) "Owned Brands" refers to those brands we have rights to sell through ownership or license arrangements. Beginning in the first quarter of 2023, sales of the Keds brand are included in Owned Brands as a result of our acquisition of the Keds business. Sales of the Keds brand in periods prior to the first quarter of 2023 are not restated as this brand was considered a national brand during those periods. (2) We currently do not report the Canada Retail segment net sales by brand categories. Net Sales by Product and Service Categories - The following table presents net sales disaggregated by product and service categories for each segment: Three months ended (in thousands) April 29, 2023 April 30, 2022 Net sales: U.S. Retail segment: Women's footwear $ 403,181 $ 469,131 Men's footwear 124,554 145,807 Kids' footwear 44,294 52,918 Accessories and other 40,857 34,889 612,886 702,745 Canada Retail segment: Women's footwear 30,514 30,004 Men's footwear 13,866 14,428 Kids' footwear 7,544 9,817 Accessories and other 2,031 2,066 53,955 56,315 Brand Portfolio segment: Wholesale 80,784 87,775 Commission income and other 1,575 3,154 Direct-to-consumer 10,624 6,527 92,983 97,456 Total segment net sales 759,824 856,516 Elimination of intersegment sales (17,742) (25,973) Total net sales $ 742,082 $ 830,543 DEFERRED REVENUE LIABILITIES We record deferred revenue liabilities, included in accrued expenses on the condensed consolidated balance sheets, for remaining obligations we have to our customers. The following table presents the changes and total balances for gift cards and loyalty programs: Three months ended (in thousands) April 29, 2023 April 30, 2022 Gift cards: Beginning of period $ 35,121 $ 36,783 Gift cards redeemed and breakage recognized to net sales (16,449) (18,260) Gift cards issued 12,261 14,321 End of period $ 30,933 $ 32,844 Loyalty programs: Beginning of period $ 16,900 $ 15,736 Loyalty certificates redeemed and expired and other adjustments recognized to net sales (7,592) (7,881) Deferred revenue for loyalty points issued 7,324 8,388 End of period $ 16,632 $ 16,243

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Apr. 29, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS SCHOTTENSTEIN AFFILIATES We have transactions with entities owned or controlled by Jay L. Schottenstein, the executive chairman of our Board, and members of his family (collectively the "Schottenstein Affiliates"). As of April 29, 2023, the Schottenstein Affiliates beneficially owned 22% of the Company's outstanding common shares, representing 57% of the combined voting power of the Company, consisting of 6.8 million Class A common shares and 7.7 million Class B common shares. The following summarizes the related party transactions with the Schottenstein Affiliates for the relevant periods: Leases- We lease certain store and office locations that are owned by the Schottenstein Affiliates. We also leased a fulfillment center from a Schottenstein Affiliate through September 2022 that was not renewed. During the three months ended April 29, 2023 and April 30, 2022, we recorded rent expense from leases with Schottenstein Affiliates of $1.9 million and $2.5 million, respectively. As of April 29, 2023, January 28, 2023, and April 30, 2022, we had related party current operating lease liabilities of $5.2 million, $5.6 million, and $5.7 million, respectively, and non-current operating lease liabilities of $13.0 million, $14.0 million, and $10.6 million, respectively. Other Purchases and Services - For the three months ended April 29, 2023 and April 30, 2022, we had other purchases and services we incurred from the Schottenstein Affiliates of $0.6 million and $1.1 million, respectively. Due to Related Parties- Amounts due to the Schottenstein Affiliates, other than operating lease liabilities, were immaterial for all periods presented. EQUITY METHOD INVESTMENTS ABG-Camuto- We have a 40% ownership interest in ABG-Camuto. We are party to a licensing agreement with ABG-Camuto, pursuant to which we pay royalties on the net sales of the brands owned by ABG-Camuto, subject to guaranteed minimums. For the three months ended April 29, 2023 and April 30, 2022, we recorded royalty expense for amounts paid to ABG-Camuto of $4.5 million and $4.6 million, respectively. Le Tigre - In July 2022, we acquired a 33.3% ownership interest in Le Tigre. We are also party to a license agreement with Le Tigre whereby we pay royalties on our net sales of the Le Tigre brand, subject to guaranteed minimums. Activity with Le Tigre during the three months ended April 29, 2023 was immaterial.

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Apr. 29, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is based on net income attributable to Designer Brands Inc. and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock options and restricted stock units ("RSUs") calculated using the treasury stock method. The following is a reconciliation between basic and diluted weighted average shares outstanding, as used in the calculation of earnings per share attributable to Designer Brands Inc.: Three Months Ended (in thousands) April 29, 2023 April 30, 2022 Weighted average basic shares outstanding 64,371 72,923 Dilutive effect of stock-based compensation awards 2,671 4,001 Weighted average diluted shares outstanding 67,042 76,924 For the three months ended April 29, 2023 and April 30, 2022, the number of shares relating to potentially dilutive stock-based compensation awards that were excluded from the computation of diluted earnings per share due to their anti-dilutive effect was 4.5 million and 3.0 million, respectively.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
Stock-based Compensation	Apr. 29, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock-based compensation expense, included in operating expenses in the condensed consolidated statements of operations, consisted of the following: Three Months Ended (in thousands) April 29, 2023 April 30, 2022 Stock options $ — $ 101 Restricted and director stock units 11,654 8,493 $ 11,654 $ 8,594 The following table summarizes the stock-based compensation award share activity for RSUs for the three months ended April 29, 2023: (in thousands) Shares of Time-Based RSUs Shares of Performance-Based RSUs Outstanding - beginning of period 6,790 969 Granted 2,189 801 Vested (3,179) (249) Forfeited (147) (79) Outstanding - end of period 5,653 1,442

Shareholders' Equity

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Apr. 29, 2023
Shareholders' Equity [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY Shares- Our Class A common shares are listed for trading under the ticker symbol "DBI" on the New York Stock Exchange. There is currently no public market for the Company's Class B common shares, but the Class B common shares can be converted into the Company's Class A common shares at the election of the holder on a share-for-share basis. Holders of Class A common shares are entitled to one vote per share and holders of Class B common shares are entitled to eight votes per share on matters submitted to shareholders for approval. The following table provides additional information for our common shares: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Class A Class B Class A Class B Class A Class B Authorized shares 250,000 100,000 250,000 100,000 250,000 100,000 Issued shares 90,860 7,733 88,803 7,733 88,275 7,733 Outstanding shares 57,978 7,733 55,921 7,733 64,450 7,733 Treasury shares 32,882 — 32,882 — 23,825 — We have authorized 100 million shares of no par value preferred shares, with no shares issued for any of the periods presented. Share Repurchases- On August 17, 2017, the Board authorized the repurchase of an additional $500 million of Class A common shares under our share repurchase program, which was added to the $33.5 million remaining from the previous authorization. A s of April 29, 2023, $187.4 million of Class A common shares remained available for repurchase under the program. The share repurchase program may be suspended, modified, or discontinued at any time, and we have no obligation to repurchase any amount of our Class A common shares under the program. Under this share repurchase program, shares will be repurchased in the open market at times and in amounts considered appropriate based on price and market conditions.

Receivables

Receivables	3 Months Ended
Receivables	Apr. 29, 2023
Receivables [Abstract]
RECEIVABLES	RECEIVABLES Receivables, net, consisted of the following: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Customer accounts receivables: Serviced by third-party provider with guaranteed payment $ 35,132 $ 19,539 $ 50,591 Serviced by third-party provider without guaranteed payment 250 103 232 Serviced in-house 12,535 5,138 3,246 Income tax receivable 42,018 44,021 162,788 Other receivables 10,763 9,274 6,573 Total receivables 100,698 78,075 223,430 Allowance for doubtful accounts (461) (312) (1,133) $ 100,237 $ 77,763 $ 222,297

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Apr. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS GOODWILL The following table presents the changes to goodwill by segment: Three months ended (in thousands) April 29, 2023 April 30, 2022 Goodwill Accumulated Impairments Net Goodwill Accumulated Impairments Net Beginning of period by segment: U.S. Retail $ 93,655 $ — $ 93,655 $ 93,655 $ — $ 93,655 Canada Retail 41,357 (41,357) — 43,114 (43,114) — Brand Portfolio 23,449 (19,989) 3,460 19,989 (19,989) — 158,461 (61,346) 97,115 156,758 (63,103) 93,655 Activity by Segment: U.S. Retail- Acquired Keds goodwill 25,518 — 25,518 — — — Canada Retail- Currency translation adjustment (805) 805 — (72) 72 — Brand Portfolio: Purchase price and allocation adjustments 868 — 868 — — — Acquired Keds goodwill 11,269 — 11,269 — — — 36,850 805 37,655 (72) 72 — End of period by segment: U.S. Retail 119,173 — 119,173 93,655 — 93,655 Canada Retail 40,552 (40,552) — 43,042 (43,042) — Brand Portfolio 35,586 (19,989) 15,597 19,989 (19,989) — $ 195,311 $ (60,541) $ 134,770 $ 156,686 $ (63,031) $ 93,655 INTANGIBLE ASSETS Intangible assets consisted of the following: (in thousands) Cost Accumulated Amortization Net April 29, 2023 Definite-lived customer relationships $ 12,426 $ (3,178) $ 9,248 Definite-lived tradename 11,953 (501) 11,452 Indefinite-lived trademarks and tradenames 54,750 — 54,750 $ 79,129 $ (3,679) $ 75,450 January 28, 2023 Definite-lived customer relationships $ 7,852 $ (1,454) $ 6,398 Definite-lived tradename 10,853 (292) 10,561 Indefinite-lived trademarks and tradenames 14,907 — 14,907 $ 33,612 $ (1,746) $ 31,866 April 30, 2022 Definite-lived customer relationships $ 1,407 $ (1,407) $ — Definite-lived tradename 4,853 — 4,853 Indefinite-lived trademarks and tradenames 15,502 — 15,502 $ 21,762 $ (1,407) $ 20,355

Accrued Expenses

Accrued Expenses	3 Months Ended
Accrued Expenses	Apr. 29, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consisted of the following: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Gift cards $ 30,933 $ 35,121 $ 32,844 Accrued compensation and related expenses 19,645 45,019 26,693 Accrued taxes 23,122 19,419 32,526 Loyalty programs deferred revenue 16,632 16,900 16,243 Sales returns allowances 21,034 18,107 20,855 Customer allowances and discounts 1,185 1,230 2,175 Other 58,208 54,880 76,946 $ 170,759 $ 190,676 $ 208,282

Debt

Debt	3 Months Ended
Debt	Apr. 29, 2023
Debt Disclosure [Abstract]
DEBT	DEBT ABL Revolver- On March 30, 2022, we replaced our previous senior secured asset-based revolving credit facility with our current ABL Revolver, which was subsequently amended on February 28, 2023. The amended ABL Revolver provides a revolving line of credit of up to $600.0 million, including a Canadian sub-limit of up to $60.0 million, a $75.0 million sub-limit for the issuance of letters of credit, a $60.0 million sub-limit for swing-loan advances for U.S. borrowings, and a $6.0 million sub-limit for swing-loan advances for Canadian borrowings. In addition, the ABL Revolver includes a first-in last-out term loan ("FILO Term Loan") of up to $30.0 million, which was drawn in full on the date of the amendment. The FILO Term Loan may be repaid in full, but not in part, so long as certain payment conditions are satisfied. Once repaid, no portion of the FILO Term Loan may be reborrowed. Our ABL Revolver matures in March 2027 and is secured by a first-priority lien on substantially all of our personal property assets, including credit card receivables and inventory. The ABL Revolver may be used to provide funds for working capital, capital expenditures, share repurchases, other expenditures, and permitted acquisitions as defined by the credit facility agreement. The amount of credit available is limited to a borrowing base formulated on, among other things, a percentage of the book value of eligible inventory and credit card receivables, as reduced by certain reserves. As of April 29, 2023, the revolving line of credit (excluding the FILO Term Loan) had a borrowing base of $565.8 million, with $360.5 million in outstanding borrowings a nd $5.0 million in letters of credit issued, resulting in $200.3 million av ailable for borrowings. Borrowings under the revolving line of credit and letters of credit issued under the ABL Revolver accrue interest, at our option, at a rate equal to: (A) a base rate per annum equal to the greatest of (i) the prime rate, (ii) the Fed Funds Rate (as defined in the credit facility agreement and subject to a floor of 0%) plus 0.5%, and (iii) the one-month Adjusted Term SOFR (as defined in the credit facility agreement) plus 1.0%; or (B) a one-month, three-month, or six-month Adjusted Term SOFR per annum (subject to a floor of 0%), plus, in each instance, an applicable rate to be determined based on average availability. The FILO Term Loan accrues interest, at our option, at a rate equal to (A) a fluctuating interest rate per annum equal to the greatest of (i) the prime rate, (ii) the Fed Funds Rate plus 0.5%, or (iii) Adjusted Term SOFR plus 1.0%, plus 2.25%; or (B) Adjusted Term SOFR for the interest period in effect for such borrowing plus 3.25%. Commitment fees are based on the unused portion of the ABL Revolver available for borrowings. Interest expense related to the ABL Revolver includes interest on borrowings and letters of credit, with an interest rate of 6.8% as of April 29, 2023, commitment fees, and the amortization of debt issuance costs. Debt Covenants- As of April 29, 2023, the ABL Revolver required us to maintain a fixed charge coverage ratio covenant of not less than 1:1 when availability is less than the greater of $47.3 million or 10.0% of the maximum borrowing amount. The ABL Revolver also contains customary covenants restricting certain activities, including limitations on our ability to sell assets, engage in acquisitions, enter into transactions involving related parties, incur additional debt, grant liens on assets, pay dividends or repurchase stock, and make certain other changes. There are specific exceptions to these covenants including, in some cases, upon satisfying specified payment conditions based on availability. The ABL Revolver contains customary events of default, including failure to comply with certain financial and other covenants. Upon an event of default that is not cured or waived within the cure periods, in addition to other remedies that may be available to the lenders, our obligations under the ABL Revolver may be accelerated, outstanding letters of credit may be required to be cash collateralized, and remedies may be exercised against the collateral. As of April 29, 2023, we were in compliance with all financial covenants contained in the ABL Revolver. Termination of Term Loan - On February 8, 2022, we settled in full the $231.3 million principal amount outstanding on that date under our senior secured term loan agreement ("Term Loan"). In connection with this settlement, during the three months ended April 30, 2022 we incurred a $12.7 million loss on extinguishment of debt, composed of a $6.9 million prepayment premium and a $5.7 million write-off of unamortized debt issuance costs.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Apr. 29, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings- We are involved in various legal proceedings that are incidental to the conduct of our business. Although it is not possible to predict with certainty the eventual outcome of any litigation, we believe the amount of any potential liability with respect to current legal proceedings will not be material to our results of operations or financial condition. As additional information becomes available, we will assess any potential liability related to pending litigation and revise the estimates as needed. Guarantees- We provide guarantees for lease obligations that are scheduled to expire in 2025 for locations that have been leased to third parties. If a third party does not pay the rent or vacates the premise, we may be required to make full rent payments to the landlord. As of April 29, 2023, the total future payment requirements for these guarantees were approximately $7.4 million.

Segment Reporting

Segment Reporting	3 Months Ended
Segment Reporting	Apr. 29, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The following table provides certain financial da ta by segment reconciled to the condensed consolidated financial statements: (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Three months ended April 29, 2023 Net sales: External customer sales $ 612,886 $ 53,955 $ 75,241 $ — $ 742,082 Intersegment sales — — 17,742 (17,742) — Total net sales $ 612,886 $ 53,955 $ 92,983 $ (17,742) $ 742,082 Gross profit $ 196,814 $ 17,174 $ 22,085 $ 1,666 $ 237,739 Income from equity investments $ — $ — $ 2,331 $ — $ 2,331 Three months ended April 30, 2022 Net sales: External customer sales $ 702,745 $ 56,315 $ 71,483 $ — $ 830,543 Intersegment sales — — 25,973 (25,973) — Total net sales $ 702,745 $ 56,315 $ 97,456 $ (25,973) $ 830,543 Gross profit $ 233,067 $ 18,873 $ 23,842 $ (37) $ 275,745 Income from equity investment $ — $ — $ 1,945 $ — $ 1,945

Subsequent Event

Subsequent Event	3 Months Ended
Subsequent Event	Apr. 29, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENTTender Offer and New Term Loan- On June 8, 2023, we announced that our Board has authorized the repurchase of up to $100.0 million of the Company's Class A common shares through a modified "Dutch Auction" tender offer ("Tender Offer"), at an anticipated cash purchase price of not less than $7.00 per share and not more than $8.00 per share, less any applicable withholding taxes and without interest. We intend to enter into a $135.0 million term loan agreement to be used principally to fund the Tender Offer, together with fees and expenses, with the remaining availability to be used for general corporate purposes.

Description of Business and S_2

Description of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Year	Fiscal Year- Our fiscal year ends on the Saturday nearest to January 31. References to a fiscal year (e.g., "2023") refer to the calendar year in which the fiscal year begins. This reporting schedule is followed by many national retail companies and typically results in a 52-week fiscal year (including 2022), but occasionally will contain an additional week resulting in a 53-week fiscal year (including 2023).
Principles of Consolidation	Principles of Consolidation- The condensed consolidated financial statements include the accounts of Designer Brands Inc. and its subsidiaries, including any variable interest entities. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in United States ("U.S.") dollars.
Use of Estimates	Use of Estimates- The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and reported amounts of net sales and expenses during the repor ting periods. Certain estimates and assumptions use forecasted financial information based on information reasonably available to us. Significant estimates and assumptions are required as a part of accounting for sales returns allowances, customer allowances and discounts reserve, gift card breakage income, deferred revenue associated with loyalty programs, valuation of inventories, depreciation and amortization, impairments of long-lived assets, intangibles and goodwill, lease accounting, redeemable noncontrolling interest, income taxes and valuation allowances on deferred tax assets, self-insurance reserves, and acquisitions. Although we believe these estimates and assumptions are reasonable, they are based on management's knowledge of current events and actions we may undertake in the future. Changes in facts and circumstances may result in revised estimates and assumptions, and actual results could differ from these estimates.
Chief Executive Officer Transition and Restructuring Costs	Chief Executive Officer Transition- In January 2023, we announced our planned succession process relating to the Company's CEO role, whereby our former CEO, Roger Rawlins, stepped down from his role as CEO and as a member of the Board of Directors (the "Board") effective April 1, 2023, at which time Doug Howe, who previously served as Executive Vice President of the Company and President of DSW, assumed the CEO role and joined the Board. As previously disclosed, Mr. Rawlins commenced service as a strategic advisor to the Company and the Board effective April 1, 2023 through April 1, 2024 under the terms of a transition and consulting agreement. In conjunction with the CEO transition, we estimate CEO transition costs will total $8.1 million, consisting of $2.2 million in severance costs, $2.8 million in accelerated stock-based compensation (net of stock awards forfeited), and $3.1 million in retention stock awards to certain members of our leadership team and other related professional fees. During the fourth quarter of 2022 and the first quarter of 2023, we recognized $3.7 million and $2.2 million, respectively, in operating expenses on the consolidated statements of operations, with the remaining estimated $2.2 million to be recorded during the remainder of 2023. Severance- During the three months ended April 29, 2023 and April 30, 2022, we incurred severance costs, excluding the severance related to the CEO transition, of $2.1 million and $0.7 million, respectively. These costs are included in operating expenses in the condensed consolidated statements of operations. As of April 29, 2023, January 28, 2023, and April 30, 2022, we had $4.7 million, $5.7 million, and $1.1 million, respectively, of severance liability, including the severance related to the CEO transition, included in accrued expenses on the condensed consolidated balance sheets.
Income Taxes	Income Taxes- For the
Cash, Cash Equivalents, and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash- Cash and cash equivalents represent cash, money market funds, and credit card receivables that generally settle within three days. Restricted cash represented cash that was restricted as to withdrawal or usage and consisted of a mandatory cash deposit maintained for certain insurance policies and letters of credit.
Fair Value	Fair Value- Fair value is defined as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are categorized using defined hierarchical levels related to the subjectivity associated with the inputs to fair value measurements as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Quoted prices for similar assets or liabilities in active markets or inputs that are observable. • Level 3 - Unobservable inputs in which little or no market activity exists. The carrying value of cash and cash equivalents, restricted cash, receivables, and accounts payables approximated their fair values due to their short-term nature. The carrying value of borrowings under our senior secured asset-based revolving credit facility ("ABL Revolver") approximated fair value based on the terms and variable interest rates.
Revenue Recognition	We record deferred revenue liabilities, included in accrued expenses on the condensed consolidated balance sheets, for remaining obligations we have to our customers.
Earnings Per Share	Basic earnings per share is based on net income attributable to Designer Brands Inc. and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock options and restricted stock units ("RSUs") calculated using the treasury stock method.
Shareholders' Equity	Shares- Our Class A common shares are listed for trading under the ticker symbol "DBI" on the New York Stock Exchange. There is currently no public market for the Company's Class B common shares, but the Class B common shares can be converted into the Company's Class A common shares at the election of the holder on a share-for-share basis. Holders of Class A common shares are entitled to one vote per share and holders of Class B common shares are entitled to eight votes per share on matters submitted to shareholders for approval.
Share Repurchases	Share Repurchases- On August 17, 2017, the Board authorized the repurchase of an additional $500 million of Class A common shares under our share repurchase program, which was added to the $33.5 million remaining from the previous authorization. A s of April 29, 2023, $187.4 million of Class A common shares remained available for repurchase under the program. The share repurchase program may be suspended, modified, or discontinued at any time, and we have no obligation to repurchase any amount of our Class A common shares under the program. Under this share repurchase program, shares will be repurchased in the open market at times and in amounts considered appropriate based on price and market conditions.

Description of Business and S_3

Description of Business and Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown on the condensed consolidated statements of cash flows: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Cash and cash equivalents $ 50,569 $ 58,766 $ 54,802 Restricted cash, included in prepaid expenses and other current assets — — 1,767 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 50,569 $ 58,766 $ 56,569

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
Acquisitions (Tables)	Apr. 29, 2023
Business Combination and Asset Acquisition [Abstract]
Allocation of Consideration	The final purchase price and the allocation of the total consideration to the fair values of the assets, liabilities, and redeemable noncontrolling interest consisted of the following: (in thousands) Preliminary Purchase Price and Allocation as of December 13, 2022 Measurement Period Adjustments Final Purchase Price Allocation as of April 29, 2023 Purchase price cash consideration $ 19,062 $ 193 $ 19,255 Fair value of assets and liabilities acquired: Accounts receivables $ 3,195 $ (150) $ 3,045 Inventories 5,612 (20) 5,592 Goodwill 3,460 868 4,328 Intangible assets 12,500 (500) 12,000 Other assets 1,898 — 1,898 Accounts payable and other liabilities (4,438) (5) (4,443) Redeemable noncontrolling interest (3,165) — (3,165) $ 19,062 $ 193 $ 19,255 The preliminary purchase price and the allocation of the total consideration to the fair values of the assets and liabilities consisted of the following: (in thousands) Preliminary Purchase Price and Allocation as of February 4, 2023 Purchase price: Cash Consideration $ 109,360 Due to Seller 19,040 Due from Seller for estimated contingent consideration (3,500) $ 124,900 Fair value of assets and liabilities acquired: Inventories $ 46,700 Goodwill 36,787 Intangible assets 44,800 Accounts payable (3,387) $ 124,900

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Apr. 29, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents net sales disaggregated by brand categories for each segment: (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Three months ended April 29, 2023 Owned Brands: (1) Direct-to-consumer $ 123,209 $ — $ 10,624 $ — $ 133,833 External customer wholesale, commission income, and other — — 64,617 — 64,617 Intersegment wholesale and commission income — — 17,742 (17,742) — Total Owned Brands 123,209 — 92,983 (17,742) 198,450 National brands 489,677 — — — 489,677 Canada Retail (2) — 53,955 — — 53,955 Total net sales $ 612,886 $ 53,955 $ 92,983 $ (17,742) $ 742,082 Three months ended April 30, 2022 Owned Brands: (1) Direct-to-consumer $ 139,155 $ — $ 6,527 $ — $ 145,682 External customer wholesale, commission income, and other — — 64,956 — 64,956 Intersegment wholesale and commission income — — 25,973 (25,973) — Total Owned Brands 139,155 — 97,456 (25,973) 210,638 National brands 563,590 — — — 563,590 Canada Retail (2) — 56,315 — — 56,315 Total net sales $ 702,745 $ 56,315 $ 97,456 $ (25,973) $ 830,543 (1) "Owned Brands" refers to those brands we have rights to sell through ownership or license arrangements. Beginning in the first quarter of 2023, sales of the Keds brand are included in Owned Brands as a result of our acquisition of the Keds business. Sales of the Keds brand in periods prior to the first quarter of 2023 are not restated as this brand was considered a national brand during those periods. (2) We currently do not report the Canada Retail segment net sales by brand categories. Net Sales by Product and Service Categories - The following table presents net sales disaggregated by product and service categories for each segment: Three months ended (in thousands) April 29, 2023 April 30, 2022 Net sales: U.S. Retail segment: Women's footwear $ 403,181 $ 469,131 Men's footwear 124,554 145,807 Kids' footwear 44,294 52,918 Accessories and other 40,857 34,889 612,886 702,745 Canada Retail segment: Women's footwear 30,514 30,004 Men's footwear 13,866 14,428 Kids' footwear 7,544 9,817 Accessories and other 2,031 2,066 53,955 56,315 Brand Portfolio segment: Wholesale 80,784 87,775 Commission income and other 1,575 3,154 Direct-to-consumer 10,624 6,527 92,983 97,456 Total segment net sales 759,824 856,516 Elimination of intersegment sales (17,742) (25,973) Total net sales $ 742,082 $ 830,543
Contract with Customer, Asset and Liability	The following table presents the changes and total balances for gift cards and loyalty programs: Three months ended (in thousands) April 29, 2023 April 30, 2022 Gift cards: Beginning of period $ 35,121 $ 36,783 Gift cards redeemed and breakage recognized to net sales (16,449) (18,260) Gift cards issued 12,261 14,321 End of period $ 30,933 $ 32,844 Loyalty programs: Beginning of period $ 16,900 $ 15,736 Loyalty certificates redeemed and expired and other adjustments recognized to net sales (7,592) (7,881) Deferred revenue for loyalty points issued 7,324 8,388 End of period $ 16,632 $ 16,243

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Apr. 29, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following is a reconciliation between basic and diluted weighted average shares outstanding, as used in the calculation of earnings per share attributable to Designer Brands Inc.: Three Months Ended (in thousands) April 29, 2023 April 30, 2022 Weighted average basic shares outstanding 64,371 72,923 Dilutive effect of stock-based compensation awards 2,671 4,001 Weighted average diluted shares outstanding 67,042 76,924

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
Stock-based Compensation (Tables)	Apr. 29, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Cost by Plan	Stock-based compensation expense, included in operating expenses in the condensed consolidated statements of operations, consisted of the following: Three Months Ended (in thousands) April 29, 2023 April 30, 2022 Stock options $ — $ 101 Restricted and director stock units 11,654 8,493 $ 11,654 $ 8,594
Restricted Stock Unit Activity	The following table summarizes the stock-based compensation award share activity for RSUs for the three months ended April 29, 2023: (in thousands) Shares of Time-Based RSUs Shares of Performance-Based RSUs Outstanding - beginning of period 6,790 969 Granted 2,189 801 Vested (3,179) (249) Forfeited (147) (79) Outstanding - end of period 5,653 1,442

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
Shareholders' Equity (Tables)	Apr. 29, 2023
Shareholders' Equity [Abstract]
Schedule of Stock by Class	The following table provides additional information for our common shares: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Class A Class B Class A Class B Class A Class B Authorized shares 250,000 100,000 250,000 100,000 250,000 100,000 Issued shares 90,860 7,733 88,803 7,733 88,275 7,733 Outstanding shares 57,978 7,733 55,921 7,733 64,450 7,733 Treasury shares 32,882 — 32,882 — 23,825 —

Receivables (Tables)

Receivables (Tables)	3 Months Ended
Receivables (Tables)	Apr. 29, 2023
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Receivables, net, consisted of the following: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Customer accounts receivables: Serviced by third-party provider with guaranteed payment $ 35,132 $ 19,539 $ 50,591 Serviced by third-party provider without guaranteed payment 250 103 232 Serviced in-house 12,535 5,138 3,246 Income tax receivable 42,018 44,021 162,788 Other receivables 10,763 9,274 6,573 Total receivables 100,698 78,075 223,430 Allowance for doubtful accounts (461) (312) (1,133) $ 100,237 $ 77,763 $ 222,297

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Apr. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	GOODWILL The following table presents the changes to goodwill by segment: Three months ended (in thousands) April 29, 2023 April 30, 2022 Goodwill Accumulated Impairments Net Goodwill Accumulated Impairments Net Beginning of period by segment: U.S. Retail $ 93,655 $ — $ 93,655 $ 93,655 $ — $ 93,655 Canada Retail 41,357 (41,357) — 43,114 (43,114) — Brand Portfolio 23,449 (19,989) 3,460 19,989 (19,989) — 158,461 (61,346) 97,115 156,758 (63,103) 93,655 Activity by Segment: U.S. Retail- Acquired Keds goodwill 25,518 — 25,518 — — — Canada Retail- Currency translation adjustment (805) 805 — (72) 72 — Brand Portfolio: Purchase price and allocation adjustments 868 — 868 — — — Acquired Keds goodwill 11,269 — 11,269 — — — 36,850 805 37,655 (72) 72 — End of period by segment: U.S. Retail 119,173 — 119,173 93,655 — 93,655 Canada Retail 40,552 (40,552) — 43,042 (43,042) — Brand Portfolio 35,586 (19,989) 15,597 19,989 (19,989) — $ 195,311 $ (60,541) $ 134,770 $ 156,686 $ (63,031) $ 93,655
Schedule of Definite-Lived Intangible Assets	INTANGIBLE ASSETS Intangible assets consisted of the following: (in thousands) Cost Accumulated Amortization Net April 29, 2023 Definite-lived customer relationships $ 12,426 $ (3,178) $ 9,248 Definite-lived tradename 11,953 (501) 11,452 Indefinite-lived trademarks and tradenames 54,750 — 54,750 $ 79,129 $ (3,679) $ 75,450 January 28, 2023 Definite-lived customer relationships $ 7,852 $ (1,454) $ 6,398 Definite-lived tradename 10,853 (292) 10,561 Indefinite-lived trademarks and tradenames 14,907 — 14,907 $ 33,612 $ (1,746) $ 31,866 April 30, 2022 Definite-lived customer relationships $ 1,407 $ (1,407) $ — Definite-lived tradename 4,853 — 4,853 Indefinite-lived trademarks and tradenames 15,502 — 15,502 $ 21,762 $ (1,407) $ 20,355
Schedule of Indefinite-Lived Intangible Assets	INTANGIBLE ASSETS Intangible assets consisted of the following: (in thousands) Cost Accumulated Amortization Net April 29, 2023 Definite-lived customer relationships $ 12,426 $ (3,178) $ 9,248 Definite-lived tradename 11,953 (501) 11,452 Indefinite-lived trademarks and tradenames 54,750 — 54,750 $ 79,129 $ (3,679) $ 75,450 January 28, 2023 Definite-lived customer relationships $ 7,852 $ (1,454) $ 6,398 Definite-lived tradename 10,853 (292) 10,561 Indefinite-lived trademarks and tradenames 14,907 — 14,907 $ 33,612 $ (1,746) $ 31,866 April 30, 2022 Definite-lived customer relationships $ 1,407 $ (1,407) $ — Definite-lived tradename 4,853 — 4,853 Indefinite-lived trademarks and tradenames 15,502 — 15,502 $ 21,762 $ (1,407) $ 20,355

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
Accrued Expenses (Tables)	Apr. 29, 2023
Payables and Accruals [Abstract]
Accrued Expenses	Accrued expenses consisted of the following: (in thousands) April 29, 2023 January 28, 2023 April 30, 2022 Gift cards $ 30,933 $ 35,121 $ 32,844 Accrued compensation and related expenses 19,645 45,019 26,693 Accrued taxes 23,122 19,419 32,526 Loyalty programs deferred revenue 16,632 16,900 16,243 Sales returns allowances 21,034 18,107 20,855 Customer allowances and discounts 1,185 1,230 2,175 Other 58,208 54,880 76,946 $ 170,759 $ 190,676 $ 208,282

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Apr. 29, 2023
Segment Reporting [Abstract]
Segment Information	The following table provides certain financial da ta by segment reconciled to the condensed consolidated financial statements: (in thousands) U.S. Retail Canada Retail Brand Portfolio Eliminations Consolidated Three months ended April 29, 2023 Net sales: External customer sales $ 612,886 $ 53,955 $ 75,241 $ — $ 742,082 Intersegment sales — — 17,742 (17,742) — Total net sales $ 612,886 $ 53,955 $ 92,983 $ (17,742) $ 742,082 Gross profit $ 196,814 $ 17,174 $ 22,085 $ 1,666 $ 237,739 Income from equity investments $ — $ — $ 2,331 $ — $ 2,331 Three months ended April 30, 2022 Net sales: External customer sales $ 702,745 $ 56,315 $ 71,483 $ — $ 830,543 Intersegment sales — — 25,973 (25,973) — Total net sales $ 702,745 $ 56,315 $ 97,456 $ (25,973) $ 830,543 Gross profit $ 233,067 $ 18,873 $ 23,842 $ (37) $ 275,745 Income from equity investment $ — $ — $ 1,945 $ — $ 1,945

Description of Business and S_4

Description of Business and Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended
	Apr. 29, 2023 USD ($) segment	Jan. 28, 2023 USD ($)	Apr. 30, 2022 USD ($)	Jul. 31, 2022
Entity Information [Line Items]
Number of reportable segments \| segment	3
Estimated costs	$ 8.1
Restructuring charges	2.2	$ 3.7
Remaining estimated costs	2.2
Severance costs	2.1		$ 0.7
Severance liability	$ 4.7	$ 5.7	$ 1.1
Effective tax rate	10.30%		30%
Employee Severance
Entity Information [Line Items]
Estimated costs	$ 2.2
Accelerated Stock Based Compensation
Entity Information [Line Items]
Estimated costs	2.8
Retention Stock Award Cost
Entity Information [Line Items]
Estimated costs	$ 3.1
Le Tigre
Entity Information [Line Items]
Ownership percentage				33.30%
Designer Brands Inc. \| ABG-Camuto, LLC
Entity Information [Line Items]
Noncontrolling interest, ownership percentage by parent	40%

Description of Business and S_5

Description of Business and Significant Accounting Policies - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jan. 29, 2022
Receivables [Abstract]
Cash and cash equivalents	$ 50,569	$ 58,766	$ 54,802
Restricted cash, included in prepaid expenses and other current assets	0	0	1,767
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$ 50,569	$ 58,766	$ 56,569	$ 74,459

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands				3 Months Ended		12 Months Ended
Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Feb. 04, 2023	Dec. 13, 2022	Apr. 29, 2023	Apr. 30, 2022	Jan. 28, 2023	Jan. 29, 2022
Business Acquisition [Line Items]
Purchase price cash consideration				$ 109,553	$ 0
Goodwill	$ 134,770			134,770	93,655	$ 97,115	$ 93,655
U.S. Retail
Business Acquisition [Line Items]
Goodwill	119,173			119,173	$ 93,655	93,655	$ 93,655
Topo Athletica LLC
Business Acquisition [Line Items]
Ownership interest acquired			79.40%
Purchase price cash consideration	19,300
Call option period			2 years
Put option period			3 years
Acquisition-related costs						$ 1,300
Goodwill	$ 4,328		$ 3,460	4,328
Topo Athletica LLC \| Customer relationships
Business Acquisition [Line Items]
Intangible assets useful life			10 years
Topo Athletica LLC \| Tradename
Business Acquisition [Line Items]
Intangible assets useful life			15 years
Keds
Business Acquisition [Line Items]
Acquisition-related costs				$ 2,900
Total consideration transferred		$ 124,900
Contingent consideration asset		15,000
Indefinite lived intangible assets		40,100
Finite lived intangible assets		4,700
Goodwill		36,787
Keds \| U.S. Retail
Business Acquisition [Line Items]
Goodwill		25,500
Keds \| Brand Portfolio
Business Acquisition [Line Items]
Goodwill		$ 11,300
Keds \| Customer relationships
Business Acquisition [Line Items]
Intangible assets useful life		10 years
Topo Athletica LLC
Business Acquisition [Line Items]
Ownership interest by noncontrolling owners			20.60%

Acquisitions - Allocation of Co

Acquisitions - Allocation of Consideration (Details) - USD ($) $ in Thousands				5 Months Ended
	Apr. 29, 2023	Feb. 04, 2023	Dec. 13, 2022	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jan. 29, 2022
Fair value of assets and liabilities acquired:
Goodwill	$ 134,770			$ 134,770	$ 97,115	$ 93,655	$ 93,655
Topo Athletica LLC
Business Acquisition [Line Items]
Cash Consideration	19,255		$ 19,062
Fair value of assets and liabilities acquired:
Accounts receivables	3,045		3,195	3,045
Inventories	5,592		5,612	5,592
Goodwill	4,328		3,460	4,328
Intangible assets	12,000		12,500	12,000
Other assets	1,898		1,898	1,898
Accounts payable and other liabilities	(4,443)		(4,438)	(4,443)
Redeemable noncontrolling interest	(3,165)		(3,165)	(3,165)
Fair value of assets acquired, net of liabilities assumed and redeemable noncontrolling interest	$ 19,255		$ 19,062	19,255
Measurement Period Adjustments
Purchase price cash consideration				193
Accounts receivables				(150)
Inventories				(20)
Goodwill				868
Intangible assets				(500)
Accounts payable and other liabilities				(5)
Fair value of assets acquired, net of liabilities assumed				$ 193
Keds
Business Acquisition [Line Items]
Cash Consideration		$ 109,360
Due to Seller		19,040
Due from Seller for estimated contingent consideration		(3,500)
Total consideration transferred		124,900
Fair value of assets and liabilities acquired:
Inventories		46,700
Goodwill		36,787
Intangible assets		44,800
Accounts payable and other liabilities		(3,387)
Fair value of assets acquired, net of liabilities assumed and redeemable noncontrolling interest		$ 124,900

Revenue - by Brand Categories (

Revenue - by Brand Categories (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Total net sales	$ 742,082	$ 830,543
Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(17,742)	(25,973)
U.S. Retail
Disaggregation of Revenue [Line Items]
Total net sales	612,886	702,745
U.S. Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	612,886	702,745
Canada Retail
Disaggregation of Revenue [Line Items]
Total net sales	53,955	56,315
Canada Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	53,955	56,315
Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	92,983	97,456
Owned Brands
Disaggregation of Revenue [Line Items]
Total net sales	198,450	210,638
Owned Brands \| Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(17,742)	(25,973)
Owned Brands \| U.S. Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	123,209	139,155
Owned Brands \| Canada Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0
Owned Brands \| Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	92,983	97,456
Owned Brands \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Total net sales	133,833	145,682
Owned Brands \| Direct-to-consumer \| U.S. Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	123,209	139,155
Owned Brands \| Direct-to-consumer \| Canada Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0
Owned Brands \| Direct-to-consumer \| Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	10,624	6,527
Owned Brands \| External customer wholesale and commission income
Disaggregation of Revenue [Line Items]
Total net sales	64,617	64,956
Owned Brands \| External customer wholesale and commission income \| U.S. Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0
Owned Brands \| External customer wholesale and commission income \| Canada Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0
Owned Brands \| External customer wholesale and commission income \| Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	64,617	64,956
Owned Brands \| Intersegment wholesale and commission income \| Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(17,742)	(25,973)
Owned Brands \| Intersegment wholesale and commission income \| Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	17,742	25,973
National Brands
Disaggregation of Revenue [Line Items]
Total net sales	489,677	563,590
National Brands \| U.S. Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	489,677	563,590
National Brands \| Canada Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0
National Brands \| Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0
Canada Retail
Disaggregation of Revenue [Line Items]
Total net sales	53,955	56,315
Canada Retail \| U.S. Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	0	0
Canada Retail \| Canada Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	53,955	56,315
Canada Retail \| Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	$ 0	$ 0

Revenue - Disaggregation of Net

Revenue - Disaggregation of Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Total net sales	$ 742,082	$ 830,543
Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	(17,742)	(25,973)
Product
Disaggregation of Revenue [Line Items]
Total net sales	742,082	830,543
Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	759,824	856,516
U.S. Retail Segment \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	612,886	702,745
U.S. Retail Segment \| Women's footwear \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	403,181	469,131
U.S. Retail Segment \| Men's footwear \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	124,554	145,807
U.S. Retail Segment \| Kids' footwear \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	44,294	52,918
U.S. Retail Segment \| Accessories and other \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	40,857	34,889
Canada Retail
Disaggregation of Revenue [Line Items]
Total net sales	53,955	56,315
Canada Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	53,955	56,315
Canada Retail \| Women's footwear \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	30,514	30,004
Canada Retail \| Men's footwear \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	13,866	14,428
Canada Retail \| Kids' footwear \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	7,544	9,817
Canada Retail \| Accessories and other \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	2,031	2,066
Canada Retail \| Product
Disaggregation of Revenue [Line Items]
Total net sales	53,955	56,315
Brand Portfolio
Disaggregation of Revenue [Line Items]
Total net sales	92,983	97,456
Brand Portfolio \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	92,983	97,456
Brand Portfolio \| Eliminations
Disaggregation of Revenue [Line Items]
Total net sales	17,742	25,973
Brand Portfolio \| Wholesale \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	80,784	87,775
Brand Portfolio \| Commission income \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	1,575	3,154
Brand Portfolio \| Direct-to-consumer \| Operating Segments
Disaggregation of Revenue [Line Items]
Total net sales	10,624	6,527
Brand Portfolio \| Product
Disaggregation of Revenue [Line Items]
Total net sales	$ 75,241	$ 71,483

Revenue - Deferred Revenue Liab

Revenue - Deferred Revenue Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Contract With Customer Liability [Roll Forward]
Gift cards and merchandise credits, beginning balance	$ 35,121	$ 36,783
Gift cards and merchandise credits, ending balance	30,933	32,844
Loyalty programs deferred revenue, beginning balance	16,900	15,736
Loyalty programs deferred revenue, ending balance	16,632	16,243
Loyalty certificates redeemed and expired and other adjustments recognized to net sales
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	(7,592)	(7,881)
Deferred revenue for loyalty points issued
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	7,324	8,388
Gift cards redeemed and breakage recognized to net sales
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	(16,449)	(18,260)
Gift cards issued
Contract With Customer Liability [Roll Forward]
Increase (decrease) in contract with customer, liability	$ 12,261	$ 14,321

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	Jan. 28, 2023	Jul. 31, 2022
Related Party Transaction [Line Items]
Outstanding common shares owned (in hundredths)	22%
Combined voting power of outstanding common shares (in hundredths)	57%
Current operating lease liabilities	$ 183,074	$ 179,870	$ 190,086
Non-current operating lease liabilities	635,245	579,839	631,412
Related Party
Related Party Transaction [Line Items]
Current operating lease liabilities	5,200	5,700	5,600
Non-current operating lease liabilities	13,000	10,600	$ 14,000
Related Party
Related Party Transaction [Line Items]
Lease expense	$ 1,900	2,500
Class A Common Shares
Related Party Transaction [Line Items]
Number of common shares owned by related party (in shares)	6.8
Class B Common Shares
Related Party Transaction [Line Items]
Number of common shares owned by related party (in shares)	7.7
Affiliated Entity
Related Party Transaction [Line Items]
Royalty expense	$ 4,500	4,600
Affiliated Entity \| Schottenstein Affiliates
Related Party Transaction [Line Items]
Other purchases and services	$ 600	$ 1,100
Le Tigre
Related Party Transaction [Line Items]
Ownership percentage				33.30%
Designer Brands Inc. \| ABG-Camuto, LLC
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent	40%

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
Earnings Per Share (Details) - shares shares in Thousands	Apr. 29, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Basic shares	64,371	72,923
Weighted average basic shares outstanding	2,671	4,001
Diluted shares	67,042	76,924

Earnings Per Share - Anti-Dilut

Earnings Per Share - Anti-Dilutive Securities (Details) - shares shares in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	4.5	3

Stock-based Compensation - Expe

Stock-based Compensation - Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 11,654	$ 8,594
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	0	101
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 11,654	$ 8,493

Stock-based Compensation - Rest

Stock-based Compensation - Restricted Stock Units (Details) shares in Thousands	3 Months Ended
	Apr. 29, 2023 shares
Time-Based Restricted Stock Units
Equity instruments other than options [Roll forward]
Outstanding, beginning of period (in units)	6,790
Granted (in units)	2,189
Vested (in units)	(3,179)
Forfeited (in units)	(147)
Outstanding, end of period (in units)	5,653
Performance Shares
Equity instruments other than options [Roll forward]
Outstanding, beginning of period (in units)	969
Granted (in units)	801
Vested (in units)	(249)
Forfeited (in units)	(79)
Outstanding, end of period (in units)	1,442

Shareholders' Equity (Details)

Shareholders' Equity (Details) $ in Millions	Apr. 29, 2023 USD ($) $ / shares shares	Jan. 28, 2023 shares	Apr. 30, 2022 shares	Aug. 17, 2017 USD ($)
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	100,000,000
Preferred Stock, Par or Stated Value Per Share \| $ / shares	$ 0
Preferred Stock, Shares Issued	0
Authorized repurchase amount \| $				$ 500
Remaining authorized repurchase amount \| $	$ 187.4			$ 33.5
Class A Common Shares
Class of Stock [Line Items]
Common Stock, Voting Rights, Number Of Votes \| $ / shares	1
Common Stock, Shares Authorized	250,000,000	250,000,000	250,000,000
Common Stock, Shares, Issued	90,860,000	88,803,000	88,275,000
Common Shares, outstanding (in shares)	57,978,000	55,921,000	64,450,000
Treasury Stock, Common, Shares	32,882,000	32,882,000	23,825,000
Class B Common Shares
Class of Stock [Line Items]
Common Stock, Voting Rights, Number Of Votes \| $ / shares	8
Common Stock, Shares Authorized	100,000,000	100,000,000	100,000,000
Common Stock, Shares, Issued	7,733,000	7,733,000	7,733,000
Common Shares, outstanding (in shares)	7,733,000	7,733,000	7,733,000
Treasury Stock, Common, Shares	0	0	0

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Receivables [Abstract]
Serviced by third-party provider with guaranteed payment	$ 35,132	$ 19,539	$ 50,591
Serviced by third-party provider without guaranteed payment	250	103	232
Serviced in-house	12,535	5,138	3,246
Income tax receivable	42,018	44,021	162,788
Other receivables	10,763	9,274	6,573
Total receivables	100,698	78,075	223,430
Allowance for doubtful accounts	(461)	(312)	(1,133)
Receivables, net	$ 100,237	$ 77,763	$ 222,297

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Activity Related to Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	Jan. 28, 2023	Jan. 29, 2022
Goodwill [Roll Forward]
Goodwill, Gross	$ 195,311	$ 156,686	$ 158,461	$ 156,758
Goodwill, Impaired, Accumulated Impairment Loss	(60,541)	(63,031)	(61,346)	(63,103)
Goodwill	134,770	93,655	97,115	93,655
Goodwill, period increase (decrease)	36,850	(72)
Goodwill, Impaired, Accumulated Impairment Loss, Period Increase (Decrease)	805	72
Goodwill, Other Increase (Decrease)	37,655	0
U.S. Retail
Goodwill [Roll Forward]
Goodwill, Gross	119,173	93,655	93,655	93,655
Goodwill, Impaired, Accumulated Impairment Loss	0	0	0	0
Goodwill	119,173	93,655	93,655	93,655
Goodwill, Acquired During Period	25,518	0
Canada Retail
Goodwill [Roll Forward]
Goodwill, Gross	40,552	43,042	41,357	43,114
Goodwill, Impaired, Accumulated Impairment Loss	(40,552)	(43,042)	(41,357)	(43,114)
Goodwill	0	0	0	0
Goodwill, Foreign Currency Translation Gain (Loss)	(805)	(72)
Goodwill, Impaired, Accumulated Impairment Loss, Foreign Currency Translation Gain (Loss)	805	72
Goodwill, Foreign Currency Translation Gain (Loss), Net	0	0
Brand Portfolio
Goodwill [Roll Forward]
Goodwill, Gross	35,586	19,989	23,449	19,989
Goodwill, Impaired, Accumulated Impairment Loss	(19,989)	(19,989)	(19,989)	(19,989)
Goodwill	15,597	0	$ 3,460	$ 0
Goodwill, Purchase Accounting Adjustments	868	0
Goodwill, Acquired During Period	$ 11,269	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ (3,679)	$ (1,746)	$ (1,407)
Indefinite-Lived Trademarks	54,750	14,907	15,502
Intangible Assets, Gross (Excluding Goodwill)	79,129	33,612	21,762
Intangible Assets, Current	75,450	31,866	20,355
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	12,426	7,852	1,407
Finite-Lived Intangible Assets, Accumulated Amortization	(3,178)	(1,454)	(1,407)
Finite-Lived Intangible Assets, Net	9,248	6,398	0
Tradename
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	11,953	10,853	4,853
Finite-Lived Intangible Assets, Accumulated Amortization	(501)	(292)	0
Finite-Lived Intangible Assets, Net	$ 11,452	$ 10,561	$ 4,853

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jan. 29, 2022
Payables and Accruals [Abstract]
Gift cards	$ 30,933	$ 35,121	$ 32,844	$ 36,783
Accrued compensation and related expenses	19,645	45,019	26,693
Accrued taxes	23,122	19,419	32,526
Loyalty programs deferred revenue	16,632	16,900	16,243	$ 15,736
Sales returns allowances	21,034	18,107	20,855
Customer allowances and discounts	1,185	1,230	2,175
Other	58,208	54,880	76,946
Total accrued expenses	$ 170,759	$ 190,676	$ 208,282

Debt (Details)

Debt (Details) $ in Thousands		3 Months Ended
Debt (Details) $ in Thousands	Feb. 08, 2022 USD ($)	Apr. 29, 2023 USD ($)	Apr. 30, 2022 USD ($)	Feb. 28, 2023 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt and write-off of debt issuance costs		$ 0	$ 12,862
Revolving Credit Facility
Debt Instrument [Line Items]
Credit Facility, maximum capacity				$ 600,000
Line of Credit Facility, Current Borrowing Capacity		565,800
Long-Term Debt, Gross		360,500
Letters of Credit Outstanding, Amount		5,000
Line of Credit Facility, Remaining Borrowing Capacity		$ 200,300
Debt Instrument, Basis Spread on Variable Rate		6.80%
Debt Instrument, Covenant, Fixed Charge Coverage Ratio		1
Debt Instrument, Covenant, Availability Covenant, Minimum, Amount		$ 47,300
Debt Instrument, Covenant, Availability Covenant, Minimum, Percent		10%
Revolving Credit Facility \| Federal Funds Rate
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Revolving Credit Facility \| Federal Funds Rate \| Interest Rate Floor
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Floor
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0%
Revolving Credit Facility \| Foreign
Debt Instrument [Line Items]
Credit Facility, maximum capacity				60,000
Letter of Credit
Debt Instrument [Line Items]
Credit Facility, maximum capacity				75,000
Domestic Line of Credit \| United States
Debt Instrument [Line Items]
Credit Facility, maximum capacity				60,000
Foreign Line of Credit \| Non-US
Debt Instrument [Line Items]
Credit Facility, maximum capacity				6,000
Term Loan
Debt Instrument [Line Items]
Debt face amount				$ 30,000
Term Loan \| Federal Funds Rate \| Interest Rate Scenario One
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Term Loan \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Scenario One
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1%
Debt Instrument, Additional Basis Spread On Variable Rate		2.25%
Term Loan \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Scenario Two
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.25%
Debt
Debt Instrument [Line Items]
Repayment of debt	$ 231,300
Loss on extinguishment of debt and write-off of debt issuance costs	12,700
Prepayment premium	6,900
Write-off of unamortized debt issuance costs	$ 5,700

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Apr. 29, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Future payments for guarantees	$ 7.4

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
Segment Reporting (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Apr. 30, 2022
Segment information [Abstract]
Net sales	$ 742,082	$ 830,543
Gross profit	237,739	275,745
Income from equity investments	2,331	1,945
U.S. Retail
Segment information [Abstract]
Net sales	612,886	702,745
Gross profit	196,814	233,067
Income from equity investments	0	0
Canada Retail
Segment information [Abstract]
Net sales	53,955	56,315
Gross profit	17,174	18,873
Income from equity investments	0	0
Brand Portfolio
Segment information [Abstract]
Net sales	92,983	97,456
Gross profit	22,085	23,842
Income from equity investments	2,331	1,945
Product
Segment information [Abstract]
Net sales	742,082	830,543
Product \| U.S. Retail
Segment information [Abstract]
Net sales	612,886	702,745
Product \| Canada Retail
Segment information [Abstract]
Net sales	53,955	56,315
Product \| Brand Portfolio
Segment information [Abstract]
Net sales	75,241	71,483
Eliminations
Segment information [Abstract]
Net sales	(17,742)	(25,973)
Gross profit	1,666	(37)
Eliminations \| Brand Portfolio
Segment information [Abstract]
Net sales	$ 17,742	$ 25,973

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event $ / shares in Units, $ in Millions	Jun. 08, 2023 USD ($) $ / shares
Subsequent Event [Line Items]
Tender offer, value \| $	$ 100
Minimum
Subsequent Event [Line Items]
Tender offer, price (in dollars per share) \| $ / shares	$ 7
Maximum
Subsequent Event [Line Items]
Tender offer, price (in dollars per share) \| $ / shares	$ 8
Term Loan \| Term Loan
Subsequent Event [Line Items]
Debt face amount \| $	$ 135