Caleres said that its Brand Portfolio segment is still lagging behind Famous Footwear, but it declined to provide Holiday revenue details for either segment, in a round table discussion at the ICR conference. Famous Footwear has shown sequential improvements through 2020, with borrowings estimated to reach pre-pandemic levels and cash position equal to 2019. Inventories are down, driving full price selling. Famous is estimated to be hitting close to 10% of sales on its premium brands at elevated price points. The chain has benefited through the pandemic from roughly 60% of its 880 locations being in strip malls, leading to ... Log in to view full article.