148-year-old mall retailer behind Famous Footwear closes 18 stores as shoppers change what they buy
Caleres reported a 6.3% sales decline at Famous Footwear in Q2, with comparable sales down 5.9%. The company closed 18 stores, citing lower traffic and changing consumer preferences. Meanwhile, its Brand Portfolio segment saw a 23.6% sales increase, driven by the Stuart Weitzman acquisition. Caleres expects Famous Footwear sales to continue declining, while Brand Portfolio is projected to grow.





