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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.
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.
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 consumer shopping habits.
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
3d
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
3d
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
2d
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 ...
Hosted on MSN
7d
Caleres' Q2 Earnings Miss, Famous Footwear Unit's Comps Decline 2.9%
Caleres, Inc. CAL posted soft results in the second quarter of fiscal 2024, wherein the bottom and top lines missed the Zacks ...
KIMT
3d
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 ...
Rochester's News-Talk
3d
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 ...
7d
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 ...
KAAL TV
3d
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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