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Article Date: November 2017
Word Count: 421

Lifestyle Athletic Still Going Strong at Famous Footwear


Caleres net income slipped 1% to $34,387,000 from $34,730,000 in the third quarter ended Oct. 28 as the top line expanded 6% to $774,656,000 from $732,230,000 despite $5 million in lost sales from the hurricanes in Sep. and another $30 million from an unseasonably warm start to fall. Famous sales inched up 1% to $473,118,000 from $467,816,000 as same store sales increased 0.9% with gains in both stores and online. Back-to-School comps were up 2.6%, starting strong in Aug. but then turned slightly negative as the hurricanes in Sep. and a warm Oct. depressed sales. Gross margin expanded 26 basis ... Log in to view full article.

 


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