Caleres, Inc. (NYSE:CAL) shares are trading lower on Thursday after the company reported first-quarter results. Quarterly earnings per share totaled 88 cents, missing the street view of 91 cents. Caleres reported first-quarter revenues of $659.198 million, missing the analyst consensus of $665.45 million. Caleres’ inventory in the quarter under review was down 5.2% year over year, due to strategic inventory management – primarily in the Brand Portfolio segment. Net sales were down 0.5% year over year. ...