DSW parent Designer Brands to offer frontline workers $200 bonus in September

Designer Brands Inc. said Thursday that it will invest $1.3 million in new frontline worker bonuses. More than 7,300 workers in the U.S. and Canada will receive $200 each on September 3. Designer Brands invested more than $2.3 million in worker bonuses in March. The company has also offered emergency pay to those workers needing time off due to COVID, closed stores on Thanksgiving and subsidized child care for more than 1,800 workers, among other benefits. Designer Brands' portfolio includes DSW and Shoe Warehouse, and the company produces shoes through Camuto Group, which designs for brands like Jessica Simpson footwear and Max Studio. Designer Brands stock has more than doubled, up 102.3% for the year to date. The benchmark S&P 500 index has gained 15.4% for the period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

DSW parent Designer Brands to offer frontline workers $200 bonus in September
Designer Brands Inc. said Thursday that it will invest $1.3 million in new frontline worker bonuses. More than 7,300 workers in the U.S. and Canada will receive $200 each on September 3. Designer Brands invested more than $2.3 million in worker bonuses in March. The company has also offered emergency pay to those workers needing time off due to COVID, closed stores on Thanksgiving and subsidized child care for more than 1,800 workers, among other benefits. Designer Brands' portfolio includes DSW and Shoe Warehouse, and the company produces shoes through Camuto Group, which designs for brands like Jessica Simpson footwear and Max Studio. Designer Brands stock has more than doubled, up 102.3% for the year to date. The benchmark S&P 500 index has gained 15.4% for the period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.