Caleres has reported net sales of $658.5 million in Q2 FY25, down 3.6 per cent YoY, with Famous Footwear and Brand Portfolio sales declining 4.9 and 3.5 per cent, respectively.
Gross margin fell 210 bps to 43.4 per cent, and net income dropped to $6.7 million.
The company achieved $15 million in annualised cost savings and completed the Stuart Weitzman acquisition.Caleres has reported net sales of $658.5 million in Q2 FY25, down 3.6 per cent YoY, with Famous Footwear and Brand Portfolio sales declining 4.9 and 3.5 per cent, respectively.
Gross margin fell 210 bps to 43.4 per cent, and net income dropped to $6.7 million.
The company achieved $15 million in annualised cost savings and completed the Stuart Weitzman acquisition.
