All Caleres articles
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ArticleCaleres to bolster international presence with “outsized investments”
Caleres is focusing first on China as part of a strategy to build its international business, announcing the opening of 45 new Sam Edelman stores in the country this year and the return of its Naturalizer brand to China with 10 new stores in autumn 2024 and a digital relaunch. ...
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Caleres hires Liz Dunn as head of corporate development and strategic communications
Liz Dunn has joined Caleres as Senior Vice President of corporate development and strategic communications. “In this newly created role, Dunn will leverage her nearly 30 years’ experience spanning equity research, investment banking, consulting, and finance to ensure Caleres aligns its growth ambitions and strategic communications with delivering shareholder value. ...
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News briefsFamous Footwear hires a general merchandise manager
Andrew Leckie has joined Famous Footwear as senior vice president and general merchandise manager. He will oversee buying and merchandising for the adult athletic, kids and Canadian businesses, announced Caleres, owner of the American footwear retailer. Leckie began his career in athletics and footwear nearly 30 years ago and has ...
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ArticleSam Edelman expands into four categories, including handbags and kids’ shoes
Sam Edelman, a leading brand in the portfolio of the US footwear company Caleres, has entered into partnerships with four new licensees to expand all three of its brands – Sam Edelman, Circus NY by Sam Edelman and Sam & Libby – into new categories. The new licensing partners are ...
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Caleres reiterates its full-year guidance
Caleres reaffirmed its financial outlook for consolidated sales and earnings per share (EPS) for the fiscal year 2023. The U.S. footwear company expects net sales to be down by 4.5 percent to 5.5 percent compared to fiscal 2022, diluted EPS of $3.96 to $4.06 and adjusted diluted EPS of $4.10 ...
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Caleres wins CSR acclaims
Caleres was awarded on Newsweek’s list of America’s Most Responsible Companies 2024 for the third consecutive year. This award is presented by the magazine Newsweek and Statista, a leading statistics portal and industry ranking provider. The awards list was announced on Dec. 6. Caleres ranked 151 overall, 18 in the ...
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Caleres hires a new SVP of international
Erica Mackoul has joined Caleres as senior vice president of international. In this role, Mackoul and her team will partner with Caleres brand portfolio leadership to target and drive strategic growth initiatives globally, with a specific focus on the group’s four lead brands - Sam Edelman, Allen Edmonds, Naturalizer and ...
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ArticleCaleres sees Famous Footwear sales continuing decline in Q4, growth at Brand Portfolio
Caleres expects sales at its Famous Footwear chain will continue to decline in the fourth quarter of its financial year at roughly the same pace seen in the third quarter, while its Brand Portfolio segment is poised to resume year-on-year growth. In the third quarter ended Oct. 28, sales at ...
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Caleres launches One Planet Standard designation
Caleres introduced the One Planet Standard designation for products that meet or exceed 51 percent on its Sustainable Footwear Index. The One Planet Standard considers the sustainability of a product across its entire lifecycle, including six key pillars: sample reduction, materials, packaging, supplier environmental social governance (ESG) initiatives, brand philanthropy ...
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Caleres rolls out Bluecore’s platform across its brands
Bluecore, a retail shopper identification and customer movement technology, announced that Caleres is implementing the platform across its portfolio of brands. It was selected by the U.S. footwear group to help identify, personalize, and orchestrate automated marketing across the customer lifecycle and will become a key component of Caleres’ marketing ...
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ArticleCaleres to leverage lead brands to resume growth in 2024 after September sales disappoint
Caleres warned that its third-quarter and full-year sales are likely to come in at the lower end of guidance following a disappointing sales season in September, as unseasonably warm temperatures, higher interest rates and the impending Oct. 1 end to a student loan moratorium in the U.S. put a damper ...
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Caleres appoints its first chief design & product officer
Caleres has promoted, with immediate effect, Natelle Baddeley to the newly created post of chief design & product officer. In her new role, Baddeley has creative oversight for the majority of the Caleres brand portfolio, including Naturalizer, Vionic, Dr. Scholl’s, Veronica Beard, Vince, Franco Sarto, Blowfish Malibu and LifeStride. She ...
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ArticleCaleres maintains guidance as profits increase in Q2 despite ‘choppy’ market
Caleres maintained its earnings and revenue guidance for the full year, after posting better-than-expected profits in the second quarter despite a slightly worse-than-anticipated sales performance and a market that continues to be “choppy”. In the second quarter ended July 29, sales at the U.S. footwear group slipped by 5.8 percent ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleCaleres launches a cost-savings program as business softens
Caleres is the latest of string of footwear companies announcing weaker-than-expected sales because of a “challenging” U.S. retailing environment. To maintain its adjusted earnings guidance for the full year, the group launched a cost-saving program. In the first quarter ended April 29, net sales were down by 9.8 percent year-over-year ...
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ArticleBrand portfolio drives Caleres higher in Q4
Caleres reported fourth-quarter results that exceeded expectations, bolstered by strong sales, profit and margin gains by its Brand Portfolio and solid results from its Famous Footwear segment that has begun sharpening its focus to reach more Millennial consumers. Operating income within the brand portfolio rose by 78 percent to $19.3 ...
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News briefsCaleres’ FY sales reach nearly $3bn
After a stronger-than-anticipated performance during the year-end holiday season, Caleres is providing preliminary results for fiscal 2022 that exceed its previous expectations and set another record year for the company. Caleres now expects consolidated sales of approximately $2.97 billion, up by 7 percent year-over-year. Previous expectations were for growth of ...
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News briefs
Caleres confirms FY outlook
Caleres confirmed its financial outlook for consolidated sales, adjusted earnings per share and inventory position for fiscal year 2022. The U.S. footwear company expects full-year sales up by between 4 percent and 6 percent year-over-year, adjusted earnings per share to come in between $4.30 and $4.40 and inventory to ...
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ArticleCaleres maintains sales outlook as Brand Portfolio outperforms
Caleres maintained its outlook for full-year sales growth of four to six percent while tightening earnings per share expectations to the top end of its guidance range, as management confirmed the company is on track for another record year for earnings despite a challenging economic backdrop. Caleres now sees adjusted ...
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ArticleCaleres raises sales outlook after record Q2
Caleres maintained its guidance for earnings in the full year and raised and tightened its outlook for sales after a record second quarter for sales and earnings, projecting that it would maintain its momentum despite high inflation and uncertainties about consumer spending. Sales in the three months ended July 30 ...
