DSW parent company offering new round of worker bonuses

Designer Brands Inc. is once again rewarding its frontline workers.

The parent company of DSW and other footwear banners will give its hourly store employees a $200 “appreciation” bonus, reported MarketWatch. It’s the third such bonus of the year. The footwear and accessories retailer gave its frontline workers a $200 bonus at the end of August, and a $250 bonus in March.

The new bonus will cost Designer Brands $2 million and brings the total investment for the year to $5.75 million, the report said.

Designer Brands last week reported third-quarter earnings that beat expectations along with “record-setting” margin expansion. Sales rose 30.7% to $853.5 million. Comparable sales increased 40.8%.

Designer Brands operates nearly 700 stores under the DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse banners. The company designs and produces footwear and accessories through Camuto Group, a leading manufacturer selling in more than 5,400 stores worldwide.