Latest news with #DBI
Barnama
22-07-2025
- Business
- Barnama
AM Best Affirms Superior Ratings Of South Korea's DB Insurance
BUSINESS KUALA LUMPUR, July 22 (Bernama) -- AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of 'aa-' (Superior) of South Korea-based DB Insurance Co Ltd (DBI), with a stable outlook. In a statement, the global credit rating agency said the credit ratings (ratings) reflected DBI's very strong balance sheet, strong operating performance, favourable business profile and appropriate enterprise risk management. The company's risk-adjusted capitalisation remains at the strongest level, as measured by Best's Capital Adequacy Ratio, and is expected to remain resilient despite headwinds such as interest rate fluctuations. This resilience is supported by DBI's robust internal capital generation, sound asset-liability management and low reliance on supplementary capital securities such as hybrid bonds and subordinated debts. Its underwriting performance continues to outperform domestic peers, supported by a relatively low combined ratio and stable investment income, and it is expected to benefit from steady growth in its contractual service margin, aided by a favourable new business margin in its long-term insurance segment. The company's auto insurance line is projected to remain profitable, while volatility in the general property and casualty segment, due to recent overseas natural catastrophes, is expected to be manageable following mitigation efforts. DBI's investment income, largely derived from stable interest returns on its fixed-income portfolio, continues to bolster its earnings. The company holds a market share of approximately 19 per cent in South Korea's non-life insurance sector, supported by a strong brand presence and a diversified portfolio spanning long-term, auto and general insurance. Its business profile is further enhanced by its subsidiary, DB Life Insurance Co Ltd, and recent overseas expansion through the acquisition of two non-life insurers in Vietnam.
Barnama
21-07-2025
- Business
- Barnama
AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
HONG KONG, July 21 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of 'aa-' (Superior) of DB Insurance Co., Ltd. (DBI) (South Korea). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect DBI's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
Yahoo
17-07-2025
- Business
- Yahoo
Why Designer Brands (DBI) Stock Is Up Today
What Happened? Shares of footwear and accessories discount retailer Designer Brands (NYSE:DBI) jumped 3.9% in the morning session after a stronger-than-expected U.S. retail sales report for June boosted investor confidence. The Commerce Department reported that retail sales increased by 0.6% last month, significantly beating economists' forecasts. This news suggests that consumer spending, a crucial pillar of the U.S. economy, remains resilient despite broader economic concerns. For a retailer like Designer Brands, the details of the report were particularly encouraging. After the initial pop the shares cooled down to $2.85, up 1.4% from previous close. Is now the time to buy Designer Brands? Access our full analysis report here, it's free. What Is The Market Telling Us Designer Brands's shares are extremely volatile and have had 61 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 10 months ago when the stock dropped 27.7% on the news that the company reported weak second-quarter earnings. Same-store sales missed, leading to a revenue and EPS miss. In addition, its full-year same-store sales and earnings forecasts were lowered and missed analysts' expectations. Management struck a cautious tone, saying, "We saw sustained pressure on challenged categories such as dress and seasonal in the second quarter...". Overall, this quarter could have been better. Designer Brands is down 46.2% since the beginning of the year, and at $2.85 per share, it is trading 65.1% below its 52-week high of $8.16 from July 2024. Investors who bought $1,000 worth of Designer Brands's shares 5 years ago would now be looking at an investment worth $459.68. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Business Wire
16-07-2025
- Business
- Business Wire
Sizeo Announces Success in AI-Driven Inventory Optimization with Designer Brands
BUSINESS WIRE)-- Sizeo, a Durham-based AI inventory optimization software company, is proud to announce the success of its ongoing partnership with Designer Brands Inc. (NYSE: DBI). DBI is one of North America's largest designers, producers, and retailers of footwear and accessories. Sizeo, a Durham-based AI inventory optimization software company, is proud to announce the success of its ongoing partnership with Designer Brands Inc. (NYSE: DBI). Sizeo's customers utilize the solution to automate the execution of key buying and planning decisions, drive top and bottom-line growth, and improve customer experience. Since 2022, DBI has leveraged Sizeo's technology in its U.S. DSW Designer Shoe Warehouse stores to support critical retail planning and supply chain transformation initiatives. Benefits of Sizeo's solution include: Best-in-class size profile analytics to support smarter buying and allocation at the style + size + location level. Smart store indexing to enhance localized inventory decisions and ensure customers can find the right size, in the right store, at the right time. Modern, scalable architecture that integrates seamlessly into planning, buying, and allocation workflows. 'At Designer Brands, we're always seeking innovative technologies that elevate the customer experience while improving our business fundamentals,' said Dave Berlin, Director of Stores and Corporate Systems at Designer Brands. 'Our relationship with Sizeo has never felt transactional—it's a true two-way collaboration where ideas flow in both directions.' 'We're thrilled to partner with Designer Brands,' said Gray King, CEO of Sizeo. 'DBI's operational scale and focus on measurable results make them an ideal partner. This collaboration is more than just technology deployment. It's a shared commitment to smarter inventory, higher margins, and better customer outcomes.' About Designer Brands Inc. Designer Brands is one of the world's largest designers, producers, and retailers of the most recognizable footwear brands and accessories, transforming and defining the footwear industry through a mission of being shoe obsessed. With a diversified, world-class portfolio of coveted brands, including Topo Athletic, Keds, Vince Camuto, Kelly & Katie, Jessica Simpson, Lucky Brand, Mix No. 6, Crown Vintage and others, Designer Brands designs and produces on-trend footwear and accessories for all of life's occasions delivered to the consumer through a robust direct-to-consumer omni-channel infrastructure and powerful national wholesale distribution. Powered by a billion-dollar digital commerce business across multiple domains and over 650 DSW Designer Shoe Warehouse, The Shoe Co., and Rubino stores in North America, Designer Brands delivers current, in-line footwear and accessories from the largest national brands in the industry and holds leading market share positions in key product categories across women's, men's, and kids'. About Sizeo AI Sizeo ( is the retail industry's leading size and pack optimization software. Built for enterprise apparel and footwear companies, Sizeo helps brands and retailers drive margin and efficiency by automating the complex task of getting sizing and packing right. Sizeo delivers fast time-to-value and proven ROI.
San Francisco Chronicle
16-07-2025
- San Francisco Chronicle
Rats, sewage leaks, no hot water: S.F. landlord sued by city for ‘unsafe living conditions'
For nearly a year residents in a Tenderloin apartment building have been forced to live with rat infestations, sewage leaks, and a lack of heat and hot water, according to a lawsuit filed Tuesday by City Attorney David Chiu. In the lawsuit Chiu alleges that property owner Charles Kartchner created unsafe living conditions and endangered the health and safety of the tenants in a 10-unit building at 646 Ellis St., which he bought in March of 2024 for $1.15 million, 'This property owner took rent from each tenant then turned around and refused to provide the most basic necessities like hot water and heating,' said Chiu. 'Every tenant deserves a safe and clean place to live. It is the landlord's responsibility to ensure their property doesn't deteriorate.' Kartchner could not be reached for comment. The lawsuit comes after nearly a year of escalating notices of violations, none of which were addressed, according to Chiu's office. In total, the Department of Building Inspection has issued five citations to the property owner for violations of the San Francisco Housing Code. In August of last year the property owner was hit with a violation because inspectors found the building lacked hot water. Later that month another notice of violation was issued for sewage leak, a rodent infestation, peeling paint and water damage, and damage to the main entry door,' according to the lawsuit. Other violations include a lack of garbage receptacles and damaged ceiling. In addition, the city attorney said the property owner failed to properly secure the building, resulting in trespassers entering. The lawsuit orders the property to pay a penalty up to $1,000 for each day that the violations alleged in the complaint existed, at least $224,000 through Oct. 18, 2025, plus $1,000 per day thereafter through the entry of judgment. The tenants, all immigrants from Vietnam, worked with the Tenderloin Housing Clinic to document the issues and bring them to the attention of city officials. 'It is essential to enforce tenants' rights to promote a high quality of life for San Franciscan residents,' said Gloria del Mar Lemus, Tenderloin Housing Clinic program manager. 'Tenants are already paying a high price to live in the city. Landlords cannot continue to violate housing codes by allowing their tenants to live without hot water or in properties with pest infestations or collapsing ceilings.' Tenderloin Housing Clinic also filed a separate lawsuit against the property owner in April, after meeting with about 25 Vietnamese residents who complained of long-standing and serious maintenance and habitability failures. Even among the hundreds of complaints DBI received about substandard living conditions, 646 Ellis St. was exceptional, according to Department of Building Inspection Director Patrick O'Riordan. 'This case really stands out for the sheer number of violations that led to unsafe conditions for the tenants,' O'Riordan said.'The City had to act.' After a year living in 'unsanitary and unlivable conditions,' Longtime tenant Victor Ly said he was relieved that the city attorney took 'action against a bad landlord who could care less about the tenants.'
