Caleres’ net income was down 12% to $41,427,000 from $46,914,000 for the third quarter on 3% lower revenues of $740,941,000 compared to $761,904,000, hurt by weak boot sales and a $29 million calendar shift against last year’s 53rd week. Famous Footwear’s sales declined 5% to $428.3 million while stores comped up 2.5% and e-commerce posted 8.3% growth. Store comps were led by a 9% gain in Aug. from Back-to-School before slowing to a low-singles decline for Sep. and Oct.
Athletic turned in a strong quarter at FF with gains across men’s, women’s ... Log in to view full article.