Workflow
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Caleres, Inc. - CAL
CaleresCaleres(US:CAL) Prnewswireยท2025-06-07 14:00

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Caleres, Inc. and its officers or directors, following disappointing financial results and a significant stock price drop [1][2]. Financial Performance - Caleres reported first-quarter 2025 sales of $614.2 million, which is a 6.8% decline year-over-year, and acknowledged that this result was below expectations [2]. - The company suspended its guidance for 2025 due to uncertainty in the market environment [2]. - Following the announcement, Caleres's stock price fell by $3.00 per share, or 18.32%, closing at $13.38 per share on May 29, 2025 [2]. Legal Investigation - Pomerantz LLP is representing investors in investigating claims against Caleres for possible securities fraud [1]. - The firm has a long history in corporate and securities class litigation, having recovered significant damages for victims of securities fraud and corporate misconduct [3].