The broader stock market saw a robust recovery in 2023 but the majority of stocks in the active lifestyle space underperformed, marked by declines by industry bellwethers including Nike, VF Corp. and Columbia Sportswear.
Results for "caleres"
We found 214 results for your search.
EXEC: Famous Footwear Leans On Kids Footwear to Drive Market Share Gains
Speaking at Caleres’ Investor Day event, Michael Edwards, president of Famous Footwear, said the family footwear chain plans to leverage its strong position in the kids’ category to meet its goal of making Famous “the destination for the Millennial family.”
Famous Footwear Parent Sets Three-Year Growth Plan, Tempers FY Guidance
Ahead of its Investor Day event, Caleres presented a three-year strategic and financial plan that calls for earnings to grow annually in the low-single-digit range with sales expanding 3 to 5 percent on average. The parent of Famous Footwear, however, warned that sales for the third quarter and current year will land at the low-end of guidance.
EXEC: Active Lifestyle Retail Weathers Rough Second Quarter Waters
Although a few retailers outperformed in the second quarter, big names in the active lifestyle space fought through a challenging quarter amid promotional pressures, retail theft and the consumer’s continued shift away from discretionary purchases.
Famous Footwear Parent Sees Q2 Profit Exceed Estimates on Above-Plan Margins
Caleres, Inc. delivered second-quarter earnings ahead of expectations and reiterated its guidance for the year. Sales in the quarter were down 5.2 percent at Famous Footwear and 7.2 percent at its Branded Portfolio segment but both showed improving trends sequentially versus the first quarter.
EXEC: Active Lifestyle Stocks Show Some Recovery In First Half
On Holding, Adidas, Deckers Outdoor, Amazon, Smith & Wesson and Skechers USA delivered share price gains of more than 30 percent in the first half of 2023 in an overall mixed performance for stocks in the active lifestyle space. Laggards included VF Corp., Hibbett, Under Armour and Foot Locker.
EXEC: A Cautious Look Ahead After Retail’s Bumpy Ride In First Quarter
For many retailers with a prominent presence in the active lifestyle space, the first quarter worsened as the months went on with a large part of the blame placed on inflationary and macro-economic pressures. Seven retailers – Academy Sports, Hibbett, Foot Locker, Genesco, Shoe Carnival, Designer Brands and Macy’s – reduced their outlook for the year, although three – Lululemon Athletica, TJX Cos. and Ross Stores – bucked the trend by raising guidance.
EXEC: Famous Footwear Expected To Show Negative Comps In 2023
Caleres, Inc. said Famous Footwear’s same-store sales fell 8.5 percent in the first quarter due to a weather-related delay in the sandal season and a pullback in spending from its “more moderate-income customer” due to inflationary pressures. Sequential improvement in sales is expected in coming quarters but Famous Footwear’s comps are expected to be negative for 2023.
FDRA Appoints New Board Leadership Team
The Footwear Distributors and Retailers of America (FDRA) appointed Jennifer Bendall, VP of government and public affairs at Nike, as chair of FDRA’s board of directors; Josue Solano, president and CEO of BBC International, as FDRA vice chair; and Dan Friedman, chief sourcing officer at Caleres, as FDRA board treasurer.
EXEC: Famous Footwear’s Q4 Boosted By Athletic
Famous Footwear’s comparable store sales increased 0.7 percent in the fourth quarter, better than initial expectations, due to a strong second half in driven by athletic footwear. On a call with analysts, Jay Schmidt, CEO of Caleres, said, “This late quarter performance was driven by robust demand for key athletic brands, which the Famous team was able to capitalize on due to a stronger in-stock position compared to last year.”
Famous Footwear’s Q4 Margin Weakness Impacts Parent’s Profits
Caleres Inc. reported earnings on an adjusted basis declined 33 percent in the fourth quarter as margin declines at Famous Footwear offset improvement at its Brand Portfolio segment. Famous Footwear still managed a 0.7 percent comp gain in the quarter and Caleres’ overall inventories were down 2.8 percent year over year.
Famous Footwear Parent Sees Fiscal 2022 Sales Up 7 Percent
Caleres reported that after a stronger-than-expected holiday performance and continued demand for its brands, the company provided preliminary, unaudited fiscal 2022 consolidated sales and earnings per share range that exceeded its expectations.
2023 ICR: Famous Footwear To Double-Down On Millennial Mom
In a presentation at the 2023 ICR Conference, Jay Schmidt, president at Caleres, Inc., said Famous Footwear plans to sharpen its focus on the Millennial mom to deepen the chain’s connections with the overall Millennial family.
Famous Footwear Parent Reiterates Fiscal 2022 Outlook
Caleres reaffirmed its financial outlook for consolidated sales, adjusted earnings per share and its inventory position for fiscal year 2022.
Exec: Active Lifestyle Stocks Face Turbulence In 2022
The majority of stocks in the active lifestyle space took it on the chin in 2022 as broader stock markets in the U.S. saw their worst performance since the 2008 financial crisis. Stocks managing gains included Academy Sports + Outdoors, Deckers Outdoor, Dick’s Sporting Goods, Xponential Fitness, and TJX Cos.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal