Designer Brands Inc. (NYSE: DBI) (the "Company" and "Designer Brands"), one of the world's largest designers, producers and retailers of footwear and accessories, today announced the acquisition of Topo Athletic ("Topo"). The transaction expands the Company's reach into the critical performance athletic and outdoor footwear categories. Topo's founder and CEO, Tony Post, will remain with the Company as CEO of Topo, and report to Bill Jordan, president of Designer Brands.