All Famous Footwear 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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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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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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News briefs
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 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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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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ArticleCasual footwear sales rebound in 2021
As the world returned to more pre-Covid 19 normalcy, to the office and to social events, the branded casual footwear market recovered strongly by rising 19.5 percent in 2021 to $14,671 million from $12,272 million a year earlier. While impressive, the percentage gain did not equal those made by the ...
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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 earnings outlook as Famous Footwear shows ‘exceptional upward momentum’
Caleres raised its earnings guidance for its full financial year, after reporting a record bottom line in the third quarter ended Oct. 30 as the Famous Footwear retail chain saw “continued, exceptional upward momentum” and recovery at the Brand Portfolio business progressed despite headwinds from higher freight costs. Caleres reported ...
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ArticleOVS jumps to top of fashion transparency ranking but sector progress ‘too slow’
The Italian retailer OVS jumped to the top spot in the 2021 Fashion Transparency Index published by Fashion Revolution as the global activism movement pushing for greater disclosure in fashion supply chains warned that progress in transparency in the sector generally remains “too slow”. OVS reached 78 percent of the ...
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News briefs
Caleres presents maiden ESG report
The U.S. company Caleres published its first environmental, social, governance (ESG) report, Caleres Cares … Feet First . The report covers the company’s activities in 2020 and sets commitments for the next five years. The pledges for 2025 include: Use environmentally preferred materials in all of ...
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News briefsCaleres names Michael Edwards head of Famous Footwear
Caleres has appointed Michael Edwards as president of Famous Footwear , effective Nov. 20. He replaces Molly Adams , who resigned to pursue an opportunity outside the organization. Edwards joined Caleres in June 2008, most recently serving as senior vice president of digital commerce, planning, allocation and stores. ...
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ArticleHow are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
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ArticleCaleres to accelerate store closures as e-commerce surges
The Covid-19 pandemic has led to a dramatic surge in the importance of e-commerce in Caleres ’ sales, representing about a third of the company’s revenues in its fiscal first quarter, and prompting it to accelerate the closure of some 160 stores by the end of 2021.
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Article
Famous Footwear stands out in Caleres’ results
Last week Caleres withdrew its previous financial outlook, which included the estimated impact of the supply chain disruption related to the coronavirus outbreak during the first quarter of the current financial year. Its forecast called for its total revenues to remain flat this year, with those of its Brand Portfolio ...
