Designer Brands Inc., the Columbus, Ohio-based owner of the DSW Designer Shoe Warehouse , The Shoe Company and Shoe Warehouse retail chains, announced on Tuesday that net sales decreased 4.2% in the second quarter ended August 2.

The company achieved net sales of $739.8 million. Comparable sales fell 5%, with the U.S. retail segment down 4.9%, Canada retail down 0.6%, and the Brand Portfolio segment’s direct-to-consumer channel plunging 29.2%.

Designer Brands posted a net income of $10.8 million, or $0.22 per diluted share. On an adjusted basis, the company reported net income of $16.7 million, or $0.34 per diluted share.

Gross profit dropped to $322.9 million versus $339.5 million last year, with gross margin slipping to 43.7% compared to 44% last year.

"Our second quarter results

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