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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.
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.
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
6h
The Best Marathon Racing Shoes (2024)
After a year of testing, we've identified 12 marathon shoes that will boost your performance and make the race more enjoyable ...
TBR News Media
1d
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 ...
essanews.com on MSN
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Crocs unveil spooky Wednesday Addams shoes for fall season
The spooky shoes will appear on the popular company's website any moment now. They will be perfect for fans of the character ...
3d
The 7 Best Running Shoes for Wide Feet, According to Podiatrists and Running Coaches
It might sound obvious, but Chris Mohr, R.D., Fitness and Nutrition Advisor at Fortune Recommends Health advises: “When those ...
14d
The Highest-Fashion Take On Ugly Shoes Just Walked the Runway
The first style has been dubbed the Caribou Mule ($350) and is a low-top version of the label's signature Caribou Boot, ...
7d
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 ...
Impacts
2d
The Rise of Replica Sneakers: A Closer Look at Rep Shoes
In recent years, a considerable uprise has been observed in the market of sneakers aka rep that leads to the popularity of ...
The Hollywood Reporter
14d
Alo Launches Star-Studded Campaign to Debut First Pair of Running Shoes
The L.A.-based activewear brand celebrates its first-ever pair of performance
shoes
with help from Kylie Jenner, Joe Burrow and more
famous
faces ... its growing collection of lifestyle and ...
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Crocs Joins the Addams Family With New ‘Wednesday’ Inspired Stomp Clog
Things just got creepier and kookier at Crocs headquarters. The company has unveiled an upcoming “Wednesday”-themed clog ...
Now
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It took police years to catch this elusive burglar. His crime kit is now on display at a famous Toronto museum
If you’re a true crime enthusiast or sneaker-head this one-of-a-kind and thrilling museum in Toronto is for you!
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