×
20 190
Fashion Jobs
NIKE
Operations Manager-Digital Fulfillment
Permanent · Memphis
NIKE
Lead Product Manager
Permanent · Beaverton
BOBBI BROWN
Director, Digital Consumer Experience & Education
Permanent · New York
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - 10 Hrs - Tampa Premium Outlets - Lutz, fl
Permanent · Lutz
CONVERSE
Technical Product Manager, Supply Chain Delivery
Permanent · Boston
NIKE
Loss Prevention Manager Incidents & Safety
Permanent · Beaverton
NIKE
Lead Product Manager, Advanced Analytics & Machine Learning
Permanent · Beaverton
NIKE
Distribution Center Area Manager
Permanent · Memphis
BATH & BODY WORKS
Regional Asset Protection Manager - Bath & Body Works - Dallas
Permanent · Dallas
VICTORIA'S SECRET
Brand Operations Manager-Foothills Fashion
Permanent · Fort Collins
BATH & BODY WORKS
Manager, Public Relations
Permanent · Reynoldsburg
ESTÉE LAUDER
Beauty Sales Manager - Estee Lauder - 35Hrs - Del Monte - Monterey,ca
Permanent · Monterey
ULTA BEAUTY, INC.
IT Operations Specialist
Permanent · Bolingbrook
ULTA BEAUTY, INC.
Manager Corporate Strategy
Permanent · Bolingbrook
NIKE
Technical Product Manager
Permanent · Beaverton
NIKE
Operations Manager, Whq/na Accounts Payable
Permanent · Beaverton
NIKE
Marketplace Operations Manager
Permanent · Beaverton
NIKE
Learning Manager, Digital & Multimedia Development
Permanent · Memphis
NIKE
Distribution Center Area Manager
Permanent · Lake Forest
BATH & BODY WORKS
Manager, Email Marketing
Permanent · Reynoldsburg
BATH & BODY WORKS
Recruiting Senior Manager
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Oaks
Permanent · Springfield

Caleres reports record sales as Famous Footwear leads growth

Published
Sep 5, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

St. Louis, Missouri-based footwear group Caleres Inc. announced record consolidated sales for the second quarter of 2018 on Tuesday, with increases across its business led by retail chain Famous Footwear.


The company's Sam Edelman brand achieved its largest second quarter ever in Q2 2018 - Instagram: @sam_edelman

 
The company reported total consolidated sales of $706.6 million for the quarter ended on August 4, 2018, a 4.4% increase compared to the prior-year period. Famous Footwear led growth with sales of $429.5 million, up 6.1%, while same-store sales at the chain increased 2.6%. The best performing categories for the retailer were women’s sandals and athletic-inspired styles.
 
Sales in the company’s brand portfolio also rose 1.9% in the quarter, totaling $277.1 million. Commenting on the results in a release, Caleres CEO Diane Sullivan highlighted that, among the brand’s in the company’s portfolio, “Sam Edelman delivered the largest second quarter in its history, and Naturalizer reported its fourth consecutive quarter of wholesale growth in North America.”

This positive progress meant that Caleres’ net earnings for the second quarter came to $23.6 million, up from $17.6 million in Q2 2017.
 
In July, the company acquired relaxed women’s footwear brand Blowfish Malibu, a move which Sullivan hopes will allow the group “to continue to expand and diversify our overall business.”
 
For the first half of fiscal 2018, Caleres reported sales of $1.3 billion, up 2.3% from the same period in the previous year. Sales at Famous Footwear totaled $792.9 million, a 2.8% increase, with same-store sales rising 1.0%, while brand portfolio sales came to $545.9 million, up 1.6% from the first half of fiscal 2017.
 
Net earnings for the first six months of the fiscal year were $40.9 million compared to the $32.5 million reported in the prior-year period.
 
Caleres currently expects consolidated net sales for fiscal 2018 to come to $2.8 billion.

Copyright © 2020 FashionNetwork.com All rights reserved.