<SEC-DOCUMENT>0001225208-23-004239.txt : 20230327
<SEC-HEADER>0001225208-23-004239.hdr.sgml : 20230327
<ACCEPTANCE-DATETIME>20230327170643
ACCESSION NUMBER:		0001225208-23-004239
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230323
FILED AS OF DATE:		20230327
DATE AS OF CHANGE:		20230327

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHOTTENSTEIN JAY L
		CENTRAL INDEX KEY:			0001031000

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32545
		FILM NUMBER:		23765275

	MAIL ADDRESS:	
		STREET 1:		1800 MOLER ROAD
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43207

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Designer Brands Inc.
		CENTRAL INDEX KEY:			0001319947
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-SHOE STORES [5661]
		IRS NUMBER:				310746639
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0129

	BUSINESS ADDRESS:	
		STREET 1:		810 DSW DRIVE
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219
		BUSINESS PHONE:		(614) 872-1473

	MAIL ADDRESS:	
		STREET 1:		810 DSW DRIVE
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DSW Inc.
		DATE OF NAME CHANGE:	20050307
</SEC-HEADER>
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    <periodOfReport>2023-03-23</periodOfReport>

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        <issuerCik>0001319947</issuerCik>
        <issuerName>Designer Brands Inc.</issuerName>
        <issuerTradingSymbol>DBI</issuerTradingSymbol>
    </issuer>

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            <rptOwnerStreet1>SCHOTTENSTEIN STORES CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>4300 E. FIFTH AVE.</rptOwnerStreet2>
            <rptOwnerCity>COLUMBUS</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>43219</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <officerTitle>Executive Chairman</officerTitle>
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    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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                <equitySwapInvolved>0</equitySwapInvolved>
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                <directOrIndirectOwnership>
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                </natureOfOwnership>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Shares</value>
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            <securityTitle>
                <value>Class A Common Shares</value>
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                <directOrIndirectOwnership>
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                <natureOfOwnership>
                    <value>Schottenstein SEI, LLC</value>
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    <derivativeTable>
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            <transactionDate>
                <value>2023-03-23</value>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>176058.0000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.0000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2026-03-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2026-03-23</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Shares</value>
                </underlyingSecurityTitle>
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                    <value>176058.0000</value>
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        </derivativeTransaction>
        <derivativeTransaction>
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            <transactionDate>
                <value>2023-03-24</value>
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                </transactionShares>
                <transactionPricePerShare>
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                </underlyingSecurityTitle>
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                    <value>7519.0000</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
                </directOrIndirectOwnership>
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        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Unit</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
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            <transactionDate>
                <value>2023-03-24</value>
            </transactionDate>
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                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
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                <transactionShares>
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                </transactionShares>
                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.</footnote>
        <footnote id="F2">The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate.  Each dividend equivalent right is the economic equivalent of one share of Issuer's Class A common stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Michelle Krall, Attorney-in-Fact</signatureName>
        <signatureDate>2023-03-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
