Flat revenue for Caleres in third quarter
27/11/2018
The group’s brand portfolio, which includes Allen Edmonds, Sam Edelman, Diane von Furstenberg and Dr Scholl’s Shoes, brought in revenue of $327.1 million, an increase of 8.5% year on year. This included a contribution from comfort footwear brand Vionic, which Caleres acquired in October.
Revenue from Caleres’ discount retail chain Famous Footwear dropped 5.1% to $448.8 million. This came despite a 2.8% increase in same-store sales. It attributed this dip to the fact that one week of back-to-school sales were included in its second quarter results rather than those for the last three months.
For the first nine months of 2018, Caleres’ consolidated sales were just over $2.1 billion, 1.5% higher year on year.
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