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Famous Footwear, Caleres
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 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.
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 ...
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 ...
1d
Tyler, the Creator and Converse Are Dropping a Whopping 10 Chuck 70 Low Colorways
Tyler, the Creator’s Golf le Fleur x Converse Darryl Chuck 70 will release in its first five colorways Thursday, September 26 ...
gearpatrol
21h
Salomon’s New Hiker Can Transform Into a Tough Winter Boot on Demand
Salomon may be a streetwear darling but it still makes footwear for the toughest trails. Case in point: its new Snowclog ...
12d
on MSN
Footwear Company Caleres Faces Tough Q2 With Lowered FY24 Forecast As Back-To-School Sales Lag
Caleres reported weaker-than-expected Q2 results, with sales down due to operational challenges and weak demand. FY24 outlook lowered.
1d
Zendaya Dazzles New York In Two Luxury Looks Including Black Satin Pumps and White Strappy Sandals
Unsurprisingly, Zendaya did not disappoint when it came to her footwear. She and her longtime stylist Law Roach matched the ...
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 ...
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 ...
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