Caleres keeps its eye on the weather - footwearbiz: Leading site for g

News

Caleres keeps its eye on the weather

28/11/2017
Footwear group Caleres has reported sales of just over $2 billion for the first nine months of 2017, an increase of 7.4% compared to the same period last year. Net earnings fell by 7.5% to $66.9 million.

The 2017 figures include sales of Allen Edmonds shoes; Caleres completed the acquisition of the high-end men’s footwear brand in December 2016.

Chief executive, Diane Sullivan, said on announcing the results that a strong start to the third quarter of 2017 had been interrupted by hurricanes in September. She said the start to the autumn had also been “unseasonably warm” in many markets, which was bad for footwear sales, but pointed out that sales have improved since the start of November with the arrival of “more seasonal weather”.


Related stories:

Caleres unveils China expansion plans 10/07/2019
Strong start to the year for Caleres 05/06/2019
New brand acquisitions contribute to Caleres growth 26/03/2019
Flat revenue for Caleres in third quarter 27/11/2018
Caleres snaps up comfort footwear specialist 24/10/2018
Expanding Caleres reports successful first half 06/09/2018
Caleres benefits from “strategic shift to in-house fulfilment” 06/06/2018
Caleres celebrates “outstanding year” 23/03/2018

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.