Allen Edmonds helps Caleres to strong first quarte - footwearbiz: Lead

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Allen Edmonds helps Caleres to strong first quarter

31/05/2017
Driven by a strong contribution from the recently acquired Allen Edmonds brand, footwear group Caleres, formerly Brown Shoe, reported an 8% increase in sales during the first quarter of 2017.

Consolidated sales for the three-month period were $631.5 million, of which $42.5 million came from Allen Edmonds, which Caleres acquired in December 2016 for $255 million.

The group’s brand portfolio, which includes Allen Edmonds, saw its sales increase 20.4% to $265 million. Revenue from its US discount retail chain Famous Footwear came in at $366.5 million, an increase of 0.5%.

“We are pleased with the performance of our Allen Edmonds acquisition, the success of our integration to date, and with our continued shift toward more balanced earnings contribution from both Famous Footwear and Brand Portfolio,” said Diane Sullivan, CEO and president of Caleres.

Related stories:

Caleres benefits from “strategic shift to in-house fulfilment” 06/06/2018
Caleres celebrates “outstanding year” 23/03/2018
Caleres forms new men’s and international division 19/07/2017
Allen Edmonds helps Caleres finish strongly 22/03/2017
Caleres acquires Allen Edmonds 15/12/2016
Caleres is benefiting from strategy 24/11/2016
Top ten footwear groups, names and numbers 09/06/2016
Caleres names brand president 30/10/2015

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