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At its investor day on Thursday, the St. Louis-based Caleres gave an update into each of its business unit and laid out its three-year strategic plan.
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The company did not rule out M&A in the future.
Caleres outlined a strategic growth plan that it expects to deliver net sales at a three-year compound annual growth rate of between 3 and 5 percent.
Caleres expects sales to come in at the low end of its Q3 and 2023 guidance due to a “challenging consumer demand environment in September."