Caleres reports 2024 financial decline - footwearbiz: Leading site for

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Caleres reports 2024 financial decline

26/03/2025
Caleres reports 2024 financial decline
US shoe group Caleres reported a decline in sales for both the fourth quarter and full year 2024, while highlighting progress in strategic initiatives.

Fourth-quarter net sales fell 8.3% year-over-year to $639.2 million, with net earnings of $4.9 million, down from $55.8 million in 2023. The Famous Footwear segment saw a 9.6% sales decline, while the Brand Portfolio segment dropped 7.2%. Full-year sales declined 3.4% to $2.72 billion, with net earnings of $107.3 million, compared to $171.4 million the previous year.

CEO Jay Schmidt noted market share gains in women’s fashion footwear and sneakers, along with continued investment in long-term growth. While taking a cautious outlook for 2025 due to inflation and tariffs, Caleres remains optimistic about brand performance, leadership changes, and its planned acquisition of Stuart Weitzman.

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