** Shares of footwear retailer Caleres CAL.N fall ~16% to $28 premarket
** Co narrows annual sales decline forecast to 2.5% to 3% from previous forecast of drop in low-single digits
** Posts Q3 revenue of $740.9 mln vs estimates of $751.4 mln and adjusted EPS of $1.23 below estimates of $1.36- data compiled by LSEG
** Says Q3 results reflect softer seasonal demand for boot category, late receipts at Famous Footwear, a customer credit issue that impacted shipments and weaker business in China
** Up to Wednesday's close, stock has risen 8% YTD
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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