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Caleres, Famous Footwear
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
Traverse City Record-Eagle
14d
Celebrity shoes: East Jordan Shoe Club inspires students with famous footwear
What do Oprah Winfrey, Tony Hawk and Dolly Parton all have in common? Well, besides being famous, they all have a pair of ...
InStyle
4d
I Tried the Most Underrated, Unsexy Shoe Hack—and I’m Never Going Back
Fulton launched a new Universal insole that’s going to make your footwear 10 times more comfortable. For $48, shop the unsexy ...
9d
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, ...
12d
on MSN
The Latest Trends in Men’s Footwear for 2024 - List Inside
Uncover the top men's footwear trends for 2024, including bold styles, sustainable materials, and innovative designs that ...
The Hollywood Reporter
10d
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 ...
Montrose Daily Press
8d
Women’s Giving Club donates $12,500 to shoes for Kids Program
The third quarterly meeting of the Women’s Giving Club culminated in $12,500 being given to The Rotary Club’s Shoes for Kids ...
5d
on MSN
He is the Shoe Surgeon to LeBron, Usher and other stars. Nike says he’s gone too far
Dominic Ciambrone is the go-to sneaker customizer for celebrities, brands and wealthy shoe collectors around the world. In ...
Yahoo
1mon
See the Shoes From Rauw Alejandro's Collaboration With Crocs [PHOTOS]
The laces come in different colors and are interchangeable, allowing the wearer to personalize the
shoe
. More from ...
Now
1d
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!
Hosted on MSN
2d
Caleres' Q2 Earnings Miss, Famous Footwear Unit's Comps Decline 2.9%
Caleres, Inc. CAL posted soft results in the second quarter of fiscal 2024, wherein the bottom and top lines missed the Zacks ...
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