ADDED
We operate in two reportable segments: the Retail segment and the Brand Portfolio segment.
The Retail segment operates the DSW Designer Shoe Warehouse ("DSW"), The Shoe Co., and Rubino banners through its direct-to-consumer stores and e-commerce sites.
The Brand Portfolio segment primarily earns revenue from the wholesale of our exclusive and licensed brands to retailers, our Retail segment, and international distributors and the sale of our Vince Camuto, Keds, and Topo brands through direct-to-consumer e-commerce sites.
Beginning with this 2025 Annual Report on Form 10-K, we aggregated our previously reported U.S.
Retail operating segment and Canada Retail operating segment into a single reportable segment, the Retail segment, due to the similar nature of their operations and economic characteristics.
All prior period segment information has been recast to conform to the current reporting segment presentation.
RETAIL SEGMENT BANNERS The Retail segment offers a wide assortment of dress, casual, and athletic footwear and accessories for women, men, and kids in stores and online under the following banners: DSW Designer Shoe Warehouse- Our DSW banner, which is offered both in the United States ("U.S.") and in Canada, is the destination for on-trend and fashion-forward footwear and accessory brands at a great value every single day.
We believe that offering a robust assortment of our exclusive and licensed brands alongside top national brands provides our customers with a unique assortment and allows us to lean into our integrated business model for providing value.
We disaggregate our net sales into non-athletic women's, men's and kids' footwear, athletic footwear, and accessories and other.
The following table presents certain data about the sourcing of merchandise for the Retail segment: 2025 2024 Number of unrelated third-party merchandise suppliers at end of fiscal year 347 392 Percentage of purchases from: Brand Portfolio segment sourced exclusive and licensed brands 10 % 9 % Top three national brand suppliers 24 % 25 % REWARD PROGRAMS We invite our customers to join our DSW VIP and The Shoe Co.
REMOVED
We have included certain website addresses throughout this Form 10-K as inactive textual references only.
The information contained on the websites referenced herein is not incorporated into this Form 10-K.
If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results, performance, or achievements may vary materially from what we have projected.
Retail segment, the Canada Retail segment, and the Brand Portfolio segment.
Retail segment operates the DSW Designer Shoe Warehouse ("DSW") banner through its direct-to-consumer stores and e-commerce site in the United States ("U.S.").
The Canada Retail segment operates The Shoe Co., DSW, and Rubino banners through its direct-to-consumer stores and e-commerce sites in Canada.
The Brand Portfolio segment earns revenue from the wholesale of our branded products to retailers and international distributors, the sale of our Vince Camuto, Keds, and Topo brands through direct-to-consumer e-commerce sites, and commissions for serving retailers as the design and buying agent for products under private labels.
On February 4, 2023, we completed the acquisition of the Keds business ("Keds") from Wolverine World Wide, Inc.
This acquisition 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.
RETAIL SEGMENTS BANNERS We offer a wide assortment of dress, casual, and athletic footwear and accessories for women, men, and kids in stores and online under the following banners: DSW Designer Shoe Warehouse- Our DSW banner, which is offered both in the U.S.