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Caleres Lowers Expectations for Famous Footwear, Citing Inventory Concerns

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Although Caleres was not immune to the same headwinds that have preoccupied the footwear industry this earnings season, primarily caused by late starts for both spring weather and tax return season, the group notified investors in its first-quarter report that Famous Footwear was facing additional issues around under-performing inventory. In a Nutshell: Caleres executives had…

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