Preview - Please log in to view full article.

Article Date: November 2020
Word Count: 532

Famous Footwear Dips 12% in Q3, but Caleres’ Other Brands Fall 26%


Famous’ parent Caleres returned to the black in Q3 with net income of $14,417,000, down 48% from last year’s $27,987,000 but a significant improvement from Q2, on revenues that were down 18% to $647,480,000 from $792,375,000. Both Famous Footwear and the more fashion-focused Brand Portfolio struggled, though both had a solid improvement from the terrible second quarter. Digital was a bright spot everywhere, growing 25% across all e-commerce websites, and representing 25% of total sales.

 

Famous Footwear’s top line declined 12% to $391,706,000 from $446,583,000 as the usual Back-to-School season that would usually spike early in Q3, was more subdued, but ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.