The St. Louis, Missouri-based footwear group announced Q3 revenues of $647.5 million on Thursday and revealed plans to implement widespread closures in the brick-and-mortar network of its Naturalizer brand.
With coronavirus-related restrictions slowly being lifted in a number of states, companies including Macy’s, Nordstrom, Caleres and Ulta have joined the list of U.S. retailers slowly reopening their stores.
As it becomes clear that store closures will continue for longer than anticipated, companies including AEO, Caleres, Lululemon and Ulta Beauty have announced further measures to preserve their financial liquidity.
The owner of the Sam Edelman and Famous Footwear brands among others, announced fourth-quarter earnings of $0.4 million on Thursday and provided an update on the effects the coronavirus is having on its business.
The warmest U.S. winter in years fueled higher sales at footwear retailers Brown Shoe Inc and Foot Locker Inc, and the companies are expected to benefit from tight inventory management in the next few quarters.
Brown Shoe Co Inc forecast a bleak year ahead as it grapples with rising costs, rapidly declining sales of once-popular toning footwear and wavering consumer confidence, sending its shares to their lowest in over two ...
Brown Shoe Co Inc's first-quarter results beat Wall Street expectations, boosted by strong performance of its Famous Footwear and Naturalizer brands, and the footwear retailer raised its sales forecast for 2010.