Caleres Q4 sales decline by 18.3 percent

Caleres For its fourth quarter, Caleres recorded net sales of 571 million dollars, down 18.3 percent. The company reported a 6.2 percent sales decline in the Famous Footwear segment and a 32.4 percent sales decline in the Brand Portfolio segment, while total company owned ecommerce website sales increased approximately 25 percent, with ecommerce penetration rising to approximately 30 percent of net sales.