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Caleres Lowers Expectations for Famous Footwear, Citing Inventory Concerns

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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