Caleres, the parent of Famous Footwear, reported sales declined 18.3 percent in the fourth quarter and 27.5 percent for the year.
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Caleres Appoints President
Caleres has appointed Jay Schmidt as president of the company as part of a number of changes to its leadership structure for a greater alignment with its strategic direction and growth initiatives.
Caleres Inc. Strengthens Balance Sheet As Famous Footwear, Brand Portfolio Exceeds Q3 Expectations
Caleres, Inc. saw Famous Footwear and the Caleres Brand Portfolio both outpace expectations in the fiscal third quarter ended October 31 even as revenues declined for each segment.
Caleres Appoints VP Of Diversity, Equity And Inclusion
Caleres Inc. announced Amy Hunter will join the company as VP of Diversity, Equity and Inclusion.
Caleres Sees 21 Percent Q2 Sales Decline In Famous Footwear
Caleres Inc. reported a 20.5 percent second-quarter sales decline in the Famous Footwear segment although comparable stores sales were up 14.7 percent during the quarter.
Caleres Sees Strength At Famous Footwear And Ecomm As COVID Crisis Abates
Caleres, Inc. used a now-familiar retail playbook on their road to recovery after the worst of the Covid-19 health crisis passed. The business was on track for a 13 percent increase in comp-store sales at Famous Footwear in the first quarter and was showing positive signs in its wholesale business before the health crisis intensified and forced the closure of all stores.
Caleres Sees 90 Percent Of Famous Footwear Stores Open By Late June
Caleres Inc., parent company to Famous Footwear, Sam Edelman, Allen Edmunds, Naturalizer, and other footwear brands, reported Thursday that following a strong start to the year, first-quarter 2020 results were significantly impacted by COVID-19 and subsequent closures of the company’s retail stores along with the closure of its wholesale partners’ store operations. Despite this, actions […]
Caleres To Reopen Retail Stores
Caleres Inc. said it has begun a phased reopening of its Famous Footwear and branded – Allen Edmonds, Naturalizer and Sam Edelman – retail stores in a safe and systematic manner.
Caleres Expands Liquidity Position
Caleres announced it has exercised a portion of the accordion feature on its asset-based revolving credit facility. The exercise increases the available borrowing capacity under the facility by $100 million to a total of $600 million.
Caleres To Lay Off, Or Furlough Associates, Reduce Salaries
Caleres, the parent of Famous Footwear, said that as part of these efforts to preserve cash, it has made the difficult decision to align its staffing needs with the current, reduced requirements of the business.
Caleres Provides Update On COVID-19
Caleres Inc. has elected to close its remaining Famous Footwear locations as part of its ongoing response to the spread of COVID-19. The company is withdrawing its 2020 financial guidance and reducing capital expenditures and operating expenses.
Caleres’ Q4 Hurt By Weakness In Fashion Footwear
Caleres Inc., the parent of Famous Footwear, reported fourth-quarter earnings came in below internal plans due to weakness in fashion footwear and slower growth in sport-inspired product.
Moody’s Changes Caleres’ Outlook To Negative, Affirms All Ratings
Moody’s Investors Service changed the ratings outlook for Caleres, Inc. to negative from stable. The change in outlook to negative from stable reflects Caleres’ recent earnings performance below Moody’s expectations and the view that organic earnings growth will remain constrained by the highly competitive retail environment and the consumer shift to e-commerce.
Tariff Impact Offsets Famous Footwear’s Solid Q3 For Caleres
A solid showing from Famous Footwear helped drive Caleres to record revenue in the third quarter, but the impact of tariffs took a toll during the period and should persist into Q4, the company said Monday. The increased tariffs, specifically those on List 4A, resulted in adjusted earnings per share of 78 cents, which missed Wall Street’s target by 5 cents.
Caleres Narrows EPS Guidance On Tariff Impact
Caleres on Monday reported third quarter sales grew 2.1 percent to a record $792.4 while same store sales grew 2.5 percent at Famous Footwear, but the company’s otherwise upbeat period was tempered by slightly reducing full-year EPS guidance to reflect tariff impacts.
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