Caleres continued its strong performance in the third quarter, achieving record quarterly sales and delivering another period of solid earnings. Sales grew 1.8 percent as a 7.6 percent sales increase in the Brand Portfolio segment offset a slight decline at Famous Footwear. (Read More)
Caleres announced that Jack Calandra was hired as senior vice president and CFO, effective September 12, 2022. (Read More)
Caleres saw sales expand 9.3 percent in the second quarter that ended July 30 as a 35.6 percent increase in its Brand Portfolio segment offset a 3.8 percent decline at Famous Footwear. Caleres reiterated its guidance for the year. (Read More)
Diane Sullivan, Caleres' long-time CEO, will retire effective January 15, 2023. The company announced the news on Monday. Jay Schmidt, president of Caleres, will succeed Sullivan as chief executive officer, with Sullivan moving to the role of executive chairman. (Read More)
S&P Global Ratings revised its rating on Caleres, Inc. to positive from stable. The rating agency noted that Caleres reported stronger-than-expected sales and margin expansion in the first quarter of fiscal 2022 across its two main brands, with sales returning to about pre-pandemic levels, reflecting the strengthening consumer demand. (Read More)
Shares of Caleres, Inc. rose nearly 30 percent Wednesday after the off-price footwear chain reported first-quarter results that came in well above Wall Street estimates and raised its guidance for the year. Famous Footwear marked its fifth straight quarter of year-over-year margin improvement while the Branded Portfolio segment continued its strong recovery. (Read More)
Caleres, Inc. raised its 2022 sales and earnings per share guidance after delivering its strongest first-quarter performance for sales, gross profit margins and earnings. Famous Footwear's sales were down 3.4 percent, but the off-price chain achieved another quarter of strong gross profit margin. (Read More)
Caleres reported significantly improved earnings in the fourth quarter as sales grew 19 percent. The parent of Famous Footwear achieved all-time record operating earnings and operating margins for the year. (Read More)
Caleres announced the election of Bruce Thorn to its Board of Directors. Thorn is currently the president and CEO of Big Lots, a $6.2B Fortune 500 company operating 1,400-plus stores in the U.S. (Read More)
Caleres announced that it’s raising its previously issued earnings per share outlook for fiscal year ending January 29, 2022. (Read More)
Moody's Investors Service upgraded Caleres, Inc.'s debt ratings, reflecting Caleres' earnings growth coming out of the coronavirus pandemic as well as governance considerations, specifically recent debt repayment. (Read More)
Caleres raised its earnings guidance for the year after delivering record quarterly earnings in the third quarter ended October 30. Famous Footwear generated record quarterly sales while its Brand Portfolio segment saw sequential sales improvement. (Read More)
Suzy Cirulis has joined Caleres as senior vice president, customer marketing. She previously worked for Crate and Barrel and Gap Inc. (Read More)
Caleres, Inc. posted sales of $675.5 million in net sales in the fiscal second quarter ended July 31, up 34.7 percent from Q2 but down 4.4 percent from the 2019 comparable period. (Read More)
Caleres Inc. reported sales improved 34.7 percent in the second quarter ended July 31. The gains were driven by a 35.8 percent sales increase in the Famous Footwear segment and a 30.2 percent sales increase in the Brand Portfolio segment. Higher gross margins further helped the off-pricer deliver its most profitable quarter ever. (Read More)
Moody's Investors Service changed Caleres Inc.'s (Caleres) outlook from negative to positive. (Read More)
Caleres has appointed Jennifer Olsen as chief marketing officer. Olsen was most recently the CMO of UNTUCKit. (Read More)
S&P Global Ratings raised its debt ratings outlook on Caleres to Stable From Negative as it expects the company's operating performance to continue to gradually improve in 2021, spurred by the expected healthy recovery in sales of its retail business' wellness, comfort, and sport styles apparel shoes. (Read More)
Caleres published its first environmental, social, governance (ESG) report, Caleres Cares … Feet First. The report covers Caleres’ activities in 2020 and establishes ambitious commitments for the next five years. (Read More)
Consolidated fiscal fourth-quarter sales were $571.0 million, down 18.3 percent from the prior-year fourth quarter. Direct-to-consumer sales reached 75 percent of total sales, with owned e-commerce sales increasing approximately 25 percent during the period. (Read More)