Net income attributable to Caleres, Inc. was down 78% to $6,943,000 from $30,939,000 for the first quarter on 7% lower sales of $614,221,000 against $659,198,000 as compressed margins and higher reserves hit the bottom line, along with inventory moves to counter tariffs. The company suspended full-year guidance on the global trade uncertainty. It is presently dealing with the universal and China tariffs using a combination of factory concessions, absorbing costs, and selective price increases. As the levies ramped up on China, CAL paused all production in the country, rerouting work in ... Log in to view full article.