Cyber attack hobbles sales for DSW

Tristan Navera reports:

A cyber attack on a vendor hobbled sales at the parent of DSW Shoe Warehouse in September, the company disclosed this week.

Columbus-based Designer Brands Inc. (NYSE: DBI) reported in its earnings call this week that a vendor was hit with a ransomware attack and had to voluntarily shut down its systems. CEO Roger Rawlins didn’t name the vendor but said the issue was resolved and fulfillment returned about Nov. 2.

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