Results for "caleres"

Caleres and American ready-to-wear brand Veronica Beard announced an exclusive partnership. Caleres will exclusively produce the Veronica Beard women’s footwear collection, beginning with the spring 2020 season.

Caleres will begin to distribute footwear in greater China, including Hong Kong, Macau and Taiwan, through a joint venture with Brand Investment Holding, a member of the Gemkell Group. Naturalizer and Sam Edelman will be the inaugural brands.

Caleres announced the election of Lisa A. Flavin to its board of directors. Flavin is chief compliance officer and vice president of audit at Emerson.

Moody’s Investors Service upgraded Caleres, Inc.’s Speculative Grade Liquidity rating to SGL-2 from SGL-3 due to the maturity extension of its asset based revolving credit facility.

Caleres on Tuesday announced Marci Grebstein will join Caleres as senior vice president of marketing for Famous Footwear on February 19. Famous Footwear is the largest brand in the Caleres portfolio, with over $1.6 billion in annual revenue.

Caleres announced it has entered into an amendment of its credit agreement, which extends its senior secured asset-based revolving credit facility to January 2024, reduces upfront and unused borrowing fees, provides for less restrictive covenants, and offers more flexibility.

Moody’s Investors Service said that Caleres, Inc.’s recent announcement that it had completed the repurchase of the remaining shares under its 2011 share repurchase program and put in place a new share repurchase authorization is modestly credit negative but does not impact the ratings.

Caleress’ board of directors authorized a stock repurchase program of up to 2.5 million shares, displaying the confidence the company has in its business and long-term prospects.