American footwear firm Caleres’ net sales at $2.82 bn in FY23

Caleres saw sales of $2.82 billion in FY23, down 5.1 per cent. Famous Footwear’s sales dropped by 5.6 per cent, while brand portfolio decreased by 3.9 per cent.
Direct-to-consumer sales made up 72 per cent of total sales.
Net earnings were $171.4 million, down from $181.7 million in FY22.
The company’s Q4 FY23 sales slightly rose to $697.1 million.

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