Famous Footwear delivers strong fourth quarter earnings
Paid down $50 million of debt during the quarter, ending fiscal 2020 below pre-COVID levels
ST. LOUIS–(BUSINESS WIRE)–Caleres (NYSE: CAL) (caleres.com), diverse portfolio of consumer-driven footwear brands, today reported financial results for the fourth quarter and fiscal year ended January 30, 2021.
“I am proud of the Caleres team and the tremendous progress we have made on a wide range of strategic objectives during an unprecedented year that saw the pervasive impact of the pandemic and protracted economic lockdown,” said Diane Sullivan, Chairman and CEO. “Among the highlights, we:
- Streamlined the organization and rightsized our expense base, resulting in $100 million in ongoing annualized expense…
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