Famous Footwear, Caleres
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Key Takeaways
- Caleres, the parent of discount shoe retailer Famous Footwear, said weak demand, a later back-to-school period, and challenges with its resource planning system hurt second-quarter results.
- The footwear company missed quarterly profit and sales estimates, and cut its full-year outlook.
- The news sent Caleres shares into negative territory for 2024.
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