The owner of the Sam Edelman and Famous Footwear brands among others, announced fourth-quarter earnings of $0.4 million on Thursday and provided an update on the effects the coronavirus is having on its business.
The footwear group announced its preliminary fourth-quarter sales on Friday, revealing a 3% decrease in revenues dragged down by a disappointing performance from the company’s brand portfolio over the holiday season.
The American footwear company reported slight increases in sales and earnings per share for the third quarter on Monday, but trimmed its full-year outlook for fiscal 2019 to reflect the impact of new tariffs.
Zodiac USA, the popular footwear brand of the 1970s, has been relaunched and rebranded under new owner, Caleres. The rebrand will debut on August 5, featuring a spring 2020 collection of women's boots, sandals and flats.
The St. Louis, Missouri-based footwear company has announced plans to distribute footwear in greater China, including Hong Kong, Macau and Taiwan, as part of a joint venture with Brand Investment Holding.