Famous Footwear news and archive

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...

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...

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Business

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...

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...

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Business

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...

Retail

Famous Footwear announces new NYC flagship store

Famous Footwear is expanding its New York City retail presence. The American footwear retailer will open its 32nd store in the New York metropolitan area on November 15, located in Manhattan’s Herald Square. The largest of all the retailer’s New York City stores, the new location will take up 8,400 square feet across two levels to hold a large...

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....

Business

Caleres posts Q3 adjusted EPS growth of 1.3 percent

Caleres, for its third quarter reported consolidated sales of 775.8 million dollars compared to 774.6 million dollars. The company said Famous Footwear same-store-sales were up 2.8 percent but total sales of 448.8 million dollars, down 5.1 percent as one week of back-to-school sales shifted into the second quarter of this year versus the third...

People

Molly Adams to join Caleres as President of Famous Footwear

Caleres has announced that Molly Adams will join the company as President of Famous Footwear on May 29, 2018. Adams, the company said, will lead the largest brand in the Caleres portfolio and continue to build upon its success by focusing on consumer engagement, store productivity and omni-channel initiatives. In 2017, Famous Footwear made 1.6...

People

Famous Footwear President Rick Ausick to retire this year

Caleres has announced that Rick Ausick, President of Famous Footwear, will retire in 2018 as part of a planned succession. The company said, Ausick, and his leadership team, have been integral in developing and executing Famous Footwear’s highly successful strategic plan. “The Caleres board of directors and its executive leadership has been...