Caleres expects to report 3 percent drop in Q4 sales

Caleres expects fourth quarter 2019 consolidated net sales of approximately 700 million dollars, down 3 percent compared to 2018. The company said in a statement that Famous Footwear net sales are expected to reach approximately 370 million dollars, with same-store-sales up 5.1 percent, while brand portfolio net sales are expected at approximately 346 million dollars, down approximately 9 percent.