Expanding Caleres reports successful first half
06/09/2018
The group’s brand portfolio, which includes brands like Allen Edmonds, Sam Edelman, Diane von Furstenberg and Dr Scholl’s Shoes, achieved sales of $545.9 million, up 1.6% year on year. Sam Edelman achieved the largest second quarter in its history, according to Caleres.
During the quarter, Caleres announced the addition of casual shoe brand Blowfish Malibu to its portfolio. This acquisition is part of its efforts to diversify its business.
Revenue from Caleres’ discount retail chain Famous Footwear increased 2.8% in the first half of 2018 to $792.9 million, with same-store-sales up 1%. The company said the increase was driven by strength in women’s sandals and athletic-inspired styles.
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