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EXEC: Famous Footwear Unable To Top Year-Ago “Blockbuster” Results In Q3

EXEC: Famous Footwear Unable To Top Year-Ago “Blockbuster” Results In Q3

Famous Footwear’s same-store sales slipped 0.8 percent in the third quarter ended October 29. Results topped expectations with the family footwear chain facing a 26.5 percent same-store gain in the 2019 third quarter. Jay Schmidt, president of Caleres, on a conference call with analysts, said, "By limiting promotional activity, the business generated margins higher than pre-pandemic levels."

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