EXEC: Famous Footwear Cautious On Back-To-School Selling

Famous Footwear marked its sixth consecutive quarter of double-digit return on sales in the second quarter that ended July 30 as the off-price chain continues to limit promotions. However, Diane Sullivan, chairman and CEO of Famous Footwear’s parent, Caleres, Inc., provided a muted outlook for third-quarter sales due to a later-developing back-to-school season and a recent sales slowdown.