Caleres news and archive

Caleres appoints Jennifer Olsen as chief marketing officer

Jennifer “Jenny” Olsen has been named chief marketing officer (CMO) for Caleres. The company said, Olsen, who will begin on June 28, will oversee all brand marketing for Caleres including consumer analytics, media and creative. “Jenny will serve as a key member of the Caleres leadership team. Her expertise will be instrumental in leading the...

Business

Driven by Famous Footwear, Caleres Q1 sales rise 60.8 percent

Caleres net sales for the first quarter were 638.6 million dollars, up 60.8 percent from the first quarter of fiscal 2020. The company reported 108.2 percent sales increase in the Famous Footwear segment and 15.2 percent sales increase in the Brand Portfolio segment. Total company owned ecommerce website sales increased 21.4 percent, with...

Fashion

Caleres sets out 2025 sustainability targets

US footwear group Caleres has set out a number of sustainability targets it aims to hit before 2025 as part of its inaugural environmental, social, governance (ESG) report, published Thursday. The company, whose portfolio of brands includes Vionic, Franco Sarto, Sam Edelman and Vince, said it aims to use environmentally preferred materials in...

Business

Caleres Q4 sales decline by 18.3 percent

Caleres For its fourth quarter, Caleres recorded net sales of 571 million dollars, down 18.3 percent. The company reported a 6.2 percent sales decline in the Famous Footwear segment and a 32.4 percent sales decline in the Brand Portfolio segment, while total company owned ecommerce website sales increased approximately 25 percent, with ecommerce...

BusinessFeatured

Calares announces leadership changes to drive growth, names Jay Schmidt as President

Caleres has announced several transformational changes to its leadership structure that the company said, will ensure greater alignment with its strategic direction, accelerate its growth initiatives, unlock the power of its portfolio of brands and drive sustainable, long-term value for its shareholders. This transition, the company added,...

Business

Caleres appoints Michael Edwards as President of Famous Footwear

Caleres has named Michael Edwards President of Famous Footwear, effective November 20, 2020. Edwards, the company said in a statement, will replace Molly Adams, who resigned her position to pursue an opportunity outside the organization. “Mike is a capable and successful leader who has seen the business through every lens. I am confident he will...

Business

Caleres sales decline by 33.4 percent for Q2

For the second quarter, Caleres net sales were 501.4 million dollars, down 33.4 percent with direct-to-consumer sales representing 80 percent of total net sales. The company reported a 20.5 percent sales decline in the Famous Footwear segment with comparable stores sales up 14.7 percent during the quarter and a 48.9 percent sales decline in the...

Retail

Caleres to reopen retail stores and expand curbside pickup service

Caleres has announced that it has begun a phased reopening of its retail stores with enhanced health and safety measures in place. The American footwear company, which owns the brands Famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds, has chosen to reopen its stores in areas where Covid-19 restrictions have been relaxed or lifted. This...

Business

Caleres expects to report 3 percent drop in Q4 sales

Caleres expects fourth quarter 2019 consolidated net sales of approximately 700 million dollars, down 3 percent compared to 2018. The company said in a statement that Famous Footwear net sales are expected to reach approximately 370 million dollars, with same-store-sales up 5.1 percent, while brand portfolio net sales are expected at...

BusinessFeatured

Caleres cuts full year earnings outlook on tariff impact

For the third quarter, Caleres reported sales of 792.4 million dollars, up 2.1 percent, while same-store-sales grew 2.5 percent at Famous Footwear, the eighth consecutive year of positive back-to-school same-store-sales growth. Earnings per diluted share of 69 cents, were up 3 percent, including 3 cents net impact from tariffs. The company said...

Business

Caleres expects to grow EPS in double-digit CAGR through 2022

Caleres has announced a new long-term strategic plan to build on its unique advantages and capture share in the global footwear market. The company expects this new strategic plan to generate low single-digit compound annual growth rate (CAGR) through 2022; earnings per share in double-digit CAGR; and return on invested capital to be greater...

Business

Caleres posts 10.9 percent rise in Q2 earnings

For the second quarter, Caleres delivered net earnings of 25.3 million dollars with earnings per diluted share of 61 cents, up 10.9 percent, while adjusted net earnings reached 25.8 million dollars, resulting in adjusted earnings per diluted share of 62 cents, up 5.1 percent. Sales of 752.5 million dollars, increased 6.5 percent year-over-year....