Caleres Sees Rising Prices, Tight Supplies
The Famous Footwear parent is preparing for supply chain issues to persist for at least a year, telling the Shareholder Equity Conference the company aims to stay agile until the back half of ’22 or early ’23 before things start to normalize. Brand Portfolio sourcing stands at a little under 40% coming from Vietnam, followed by China and India with some contributions from Mexico and Brazil. The good news is that 11 of 12 factories used in Vietnam are now back up and running. CAL has been editing its assortments to focus on critical product and product that has higher ... Log in to view full article.