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Article Date: January 2021
Word Count: 235

Caleres Sees Slow Improvement at Famous Footwear


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.

 


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