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Famous Footwear, Caleres
Famous Footwear Parent Caleres Stock Plunges on Soft Sales
Key Takeaways Caleres, the parent of discount shoe retailer Famous Footwear, said weak demand, a later back-to-school period, and challenges with its resource planning system hurt second-quarter results.
Here's How Last-Minute Shoppers Impacted Famous Footwear's Back-to-School Sales in Q2
According to Jay Schmidt, president and chief executive officer of Caleres, the delay in sales for back-to-school shifted late into Q2 and into the start of Q3 due to changing con
Famous Footwear Parent is Latest Footwear Retailer to Lower 2024 Guidance
Famous Footwear parent company Caleres, Inc. became the latest retailer to lower its fiscal full-year guidance after reporting second-quarter fiscal 2024 sales and earnings. The company reported sales of $683.3 million, down 1.8 percent year-over-year (y/y). Direct-to-consumer sales represented approximately 75 percent of total net sales.
Why Caleres Stock Plunged Today
Shares of Caleres (NYSE: CAL), the parent of Famous Footwear and other footwear brands, were tumbling today after the company posted disappointing results in its second-quarter earnings report. As of 11:34 a.m. ET, the stock was down 19.1% on the news.
Post-Bulletin
5d
Car crashes into Famous Footwear in north Rochester
ROCHESTER — Emergency crews were called to the Famous Footwear in north Rochester on Monday evening, Sept. 16, after a car ...
KTTC
5d
Car crashes into Famous Footwear in northwest Rochester, injures one
ROCHESTER, Minn. (KTTC) – Crews are responding to a car that crashed into Rochester’s Famous Footwear. KTTC crew on scene ...
TBR News Media
4d
Police seek three women for alleged Islandia petit larceny
Suffolk County Crime Stoppers and Suffolk County Police Fourth Precinct Crime Section officers are seeking the public’s help ...
KIMT
5d
74-year-old woman hit by car that crashed into Famous Footwear, driver cited
A 74-year-old female pedestrian walking in a crosswalk was struck by a vehicle. The vehicle proceeded to go into the ...
9d
Clayton-based Caleres sees lower sales, says local jobs will be ‘impacted’ by restructuring
Shares of the company opened at $29.89, almost 20% lower than when stocks closed on Wednesday. Caleres operates brands such ...
Rochester's News-Talk
5d
Driver Strikes 74-Year-Old Pedestrian, Crashes into Rochester Store
The vehicle-pedestrian collision and subsequent vehicle-building crash occurred outside of Famous Footwear at 3813 ...
Yahoo Finance
3d
Caleres, Inc. (CAL)
CAL posts sales and earnings miss in the second quarter of fiscal 2024. The
Famous Footwear
segment witnesses a higher market share in the Kids category. Shares of
footwear
company Caleres (NYSE ...
KAAL TV
5d
One injured as car crashes into Famous Footwear in Rochester
A 74-year-old woman pedestrian walking in a crosswalk was struck by a vehicle, and the vehicle proceeded to go into the ...
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