A strong six months for Caleres
Footwear group Caleres, whose brands include Sam Edelman, Allen Edmonds and Blowfish Malibu, has reported sales revenues of more than $1.3 billion for the first six months of its current business year, the period ending on July 31.
This figure represents an increase of 46.3% compared to the same period a year ago.
Chief executive, Diane Sullivan, said she was pleased with the increase in sales and, particularly, by an increase in earnings. Operating earnings for the six-month period were in excess of $80 million. Ms Sullivan said more than $60 million of this had come in the second quarter and pointed out that this was a record for the group.
She said Caleres had achieved better earnings in the second quarter of this year alone than in the whole of the pre-pandemic year of 2019.
