Caleres Plans 15% Price Hike As Ocean Freight Costs Mount – Sourcing Journal

Caleres’ record third quarter delivered the highest quarterly earnings in company history on net profit of $59.6 million and a 21.1 percent sales increase to $784.2 million. With the momentum continuing in its underlying business, the footwear operator now expects record adjusted earnings per share between $3.80 and $3.90 for fiscal year 2021. In a…