The footwear company announced a net loss of $77.0 million, or $2.11 per diluted share, for the fourth quarter ended January 30, 2021, on Tuesday, as Covid-19 continued to negatively affect the group’s operations.
The St. Louis, Missouri-based footwear group announced Q3 revenues of $647.5 million on Thursday and revealed plans to implement widespread closures in the brick-and-mortar network of its Naturalizer brand.
The parent company of Famous Footwear, Sam Edelman and Dr. Scholl’s Shoes announced on Thursday that it has named Amy Hunter as its new vice president of diversity, equity and inclusion, effective October 21.
With coronavirus-related restrictions slowly being lifted in a number of states, companies including Macy’s, Nordstrom, Caleres and Ulta have joined the list of U.S. retailers slowly reopening their stores.
As it becomes clear that store closures will continue for longer than anticipated, companies including AEO, Caleres, Lululemon and Ulta Beauty have announced further measures to preserve their financial liquidity.
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.