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  1. 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.
    www.investopedia.com/famous-footwear-parent-caleres-stock-plunges-on-soft-sales-8711186
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