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Caleres reports challenging first quarter, suspends full-year guidance

Footwear company Caleres announced its first-quarter results for the 13-weeks ended May 3, 2025, revealing a significant decline in net sales and profitability compared to the same period last year. The company reported net sales of 614.2 million dollars, a 6.8 percent decrease from the first quarter of 2024. This downturn was observed across...

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Business

Caleres to acquire Stuart Weitzman from Tapestry Inc. for $105 million

Tapestry, Inc., the parent company of several leading accessories and lifestyle brands, including Coach and Kate Spade New York, has announced the sale of its Stuart Weitzman brand to Caleres, a portfolio of consumer footwear brands, for 105 million dollars in cash today. Caleres stated that it aims to fund the acquisition through the company’s...

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