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Famous Footwear, Caleres
Famous Footwear Parent Caleres Stock Plunges on Soft Sales
Key Takeaways Caleres, the parent of discount shoe retailer Famous Footwear, said weak demand, a later back-to-school period, and challenges with its resource planning system hurt second-quarter results.
Here's How Last-Minute Shoppers Impacted Famous Footwear's Back-to-School Sales in Q2
According to Jay Schmidt, president and chief executive officer of Caleres, the delay in sales for back-to-school shifted late into Q2 and into the start of Q3 due to changing con
Famous Footwear Parent is Latest Footwear Retailer to Lower 2024 Guidance
Famous Footwear parent company Caleres, Inc. became the latest retailer to lower its fiscal full-year guidance after reporting second-quarter fiscal 2024 sales and earnings. The company reported sales of $683.3 million, down 1.8 percent year-over-year (y/y). Direct-to-consumer sales represented approximately 75 percent of total net sales.
Why Caleres Stock Plunged Today
Caleres missed estimates on the top and bottom lines in its Q2 report. It also cut its guidance for the full year. The stock is cheap, and a rebound in consumer demand could lead to a recovery. Caleres said revenue in the quarter was down 1.
Post-Bulletin
7d
Car crashes into Famous Footwear in north Rochester
ROCHESTER — Emergency crews were called to the Famous Footwear in north Rochester on Monday evening, Sept. 16, after a car ...
KTTC
7d
Car crashes into Famous Footwear in northwest Rochester, injures one
ROCHESTER, Minn. (KTTC) – Crews are responding to a car that crashed into Rochester’s Famous Footwear. KTTC crew on scene ...
TBR News Media
6d
Police seek three women for alleged Islandia petit larceny
Suffolk County Crime Stoppers and Suffolk County Police Fourth Precinct Crime Section officers are seeking the public’s help ...
11d
Clayton-based Caleres sees lower sales, says local jobs will be ‘impacted’ by restructuring
Shares of the company opened at $29.89, almost 20% lower than when stocks closed on Wednesday. Caleres operates brands such ...
KIMT
7d
74-year-old woman hit by car that crashed into Famous Footwear, driver cited
A 74-year-old female pedestrian walking in a crosswalk was struck by a vehicle. The vehicle proceeded to go into the ...
Rochester's News-Talk
7d
Driver Strikes 74-Year-Old Pedestrian, Crashes into Rochester Store
The vehicle-pedestrian collision and subsequent vehicle-building crash occurred outside of Famous Footwear at 3813 ...
Traverse City Record-Eagle
23d
Celebrity shoes: East Jordan Shoe Club inspires students with famous footwear
Those shoes sit on shelves across the classroom from all the
famous footwear
. Despite the fact Hamilton’s classroom is lined with the shoe’s of
famous
musicians, athletes and change-makers ...
KAAL TV
7d
One injured as car crashes into Famous Footwear in Rochester
A 74-year-old woman pedestrian walking in a crosswalk was struck by a vehicle, and the vehicle proceeded to go into the ...
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