Designer Brands obtains TRO against Worldpay to prevent card processing termination

Designer Brands Inc.

Worldpay attempted to terminate credit/debit card processing agreement effective Feb 2, 2026, citing a financial default; DBI disputes default.
Ohio court issued TRO on Jan 28, 2026, enjoining Worldpay from terminating until May 31, 2026; court found DBI likely to succeed on breach claim.
Worldpay is sole processor for ~500 DSW stores and majority of online sales; disruption could materially impact operations.
Worldpay offered transition services at substantially higher fees; DBI says fees commercially unreasonable and seeks damages.
DBI is working to identify alternative processing vendors while pursuing injunctive relief.

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