Net income attributable to Caleres, Inc. plunged 94% to $2,386,000 from $41,427,000 on 7% higher sales of $790,051,000 up from $740,941,000, as the recent Stuart Weitzman acquisition bolstered the top line but onboarding expenses dinged the bottom line. Sales excluding the new brand grew 0.4%. Famous Footwear sales declined 2% to $418.8 million, with a -1.2% comp as low-single-digit gains in conversion and a mid-singles falloff in traffic offset AUR. Aug. comps were up 1% on Back-to-School strength, helped by the recent Jordan launch, but then reversed to -3% results in ... Log in to view full article.