×
64 999
Fashion Jobs
MICHAEL KORS
Sales Supervisor
Permanent · Corpus Christi
NEIMAN MARCUS
Loss And Prevention Associate
Permanent · Houston
NORDSTROM
Asset Protection - Agent - Rivers Edge Rack
Permanent · Indianapolis
NORDSTROM
Asset Protection - Agent - Fulton Street Rack
Permanent · New York
NORDSTROM
Asset Protection - Security Ambassador - The Rim Rack
Permanent · San Antonio
NORDSTROM
Business Analyst 1st Shift Tuesday-Saturday Wcoc- Riverside, ca
Permanent · Riverside
MACY'S
Manager, Business Administration
Permanent · Miami
MACY'S
Manager, Business Administration
Permanent · Memphis
MACY'S
oc Support Business Analyst ii
Permanent · Deerfield Township
MACY'S
Asset Protection Detective, Oak Court - Part Time
Permanent · Memphis
MACY'S
Asset Protection Captain, Pentagon City - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Alderwood - Full Time
Permanent · Lynnwood
MACY'S
Manager, Business Administration
Permanent · Denver
BLOOMINGDALE'S
Manager, Sales - Mens And Young World
Permanent · Boca Raton
OLD NAVY
General Manager - Nashville West
Permanent · Nashville
OLD NAVY
Asset Protection Service Representative - Gosford Village
Permanent · Bakersfield
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · Springfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Redmond
LULULEMON
Assistant Manager, Operations | Legacy West
Permanent · Plano
LULULEMON
Assistant Manager, Operations | Clackamas
Permanent · Happy Valley
LULULEMON
Assistant Manager, Operations (Permanent) | San Luis Obispo
Permanent · San Luis Obispo
LULULEMON
Assistant Manager, Operations | Maryland Plaza
Permanent · St. Louis
Published
May 27, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Caleres Q1 net sales drop on poor Brand Portfolio sales

Published
May 27, 2016

Caleres posted net sales of $584.7 million, down 2.9% driven by a planned reduction in Brand Portfolio sales.


Famous Footwear, one of the Family brands under Caleres.


Caleres, the Clayton-based shoe retailer formerly known as Brown Shoe Co., reported a net income of $17.8 million, or 41 cents a share, for the quarter ended April 30, compared with $19.3 million, or 44 cents a share, a year earlier. 

The drop indicates an 8 per cent first quarter profit slump. 

The group's Brand Portfolio sales were down 9.1%, reflected in a reduction in Healthy Living sales, said the firm in a statement.

Meanwhile, Famous Footwear saw same-store-sales lift 1%, driven by strength in lifestyle athletic products.

“Despite softness in the overall market, we delivered solid sales at Famous Footwear and improved gross margin at Brand Portfolio,” said Diane Sullivan, CEO, president and chairman of Caleres.

“We also invested in both businesses, reduced our inventory position and continued to drive omni-channel sales, while maintaining our rock-solid balance sheet. Quarter-to-date, we delivered a 27% improvement in cash and equivalents, while maintaining our inventory productivity.”


 

Copyright © 2022 FashionNetwork.com All rights reserved.