Footwear group Caleres has reported revenues of $2.1 billion for the first nine months of its current business year, the period ending October 28.

Compared to the same period last year, this represents a fall of 6.7%.

Chief executive, Jay Schmidt, said the group now expected full-year revenues that will be down by around 5% year on year, but remained dedicated to a strategy it has set out “for long-term value creation and growth”.

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