Welcome to our dedicated page for Caleres news (Ticker: CAL), a resource for investors and traders seeking the latest updates and insights on Caleres stock.
Caleres Inc. (NYSE: CAL) is a globally recognized footwear company with a rich heritage dating back over a century. Caleres is committed to providing high-quality footwear that fits people’s lives, catering to individuals of all ages and lifestyles. The company boasts a diverse portfolio of well-known brands including Naturalizer, LifeStride, Ryka, Dr. Scholl’s, Sam Edelman, Via Spiga, Diane Von Furstenberg, Vince, Franco Sarto, Carlos by Carlos Santana, and Fergie Footwear. These brands are accessible through more than 1,200 retail stores under the banners of Famous Footwear and Naturalizer, as well as through various online platforms.
Caleres operates through two main segments: Famous Footwear and Brand Portfolio. The Famous Footwear segment includes retail stores and online sales channels like famousfootwear.com and famousfootwear.ca. The Brand Portfolio segment focuses on wholesale operations, designing, developing, sourcing, manufacturing, marketing, and distributing branded, licensed, and private-label footwear to a wide array of retailers including national chains, department stores, mass merchandisers, independent retailers, and Caleres’ own Famous Footwear, Sam Edelman, Naturalizer, and Allen Edmonds stores and e-commerce sites.
Employing a team driven by a passion for innovation and a commitment to excellence, Caleres aims to inspire people to feel good from their feet up. The company’s mission is to foster a collaborative work environment where creativity flourishes just as it does in a start-up, despite being a $2.6 billion enterprise.
Recent Achievements and Projects: Caleres has recently focused on expanding its digital footprint, enhancing customer experience through improved e-commerce platforms, and strengthening its brand presence globally. The company has also ventured into sustainable practices, ensuring their operations are environmentally friendly.
Financial Condition: As of the latest reports, Caleres remains financially robust, showcasing steady revenue growth and a commitment to shareholder value. The company continues to optimize its operations to improve profitability and maintain its competitive edge in the market.Partnerships and Collaborations: Caleres collaborates with various retailers and online platforms to broaden its market reach and ensure that its diverse portfolio of footwear brands is accessible to a global audience. These partnerships play a crucial role in reinforcing Caleres’ position as a leading footwear company.
Caleres (NYSE: CAL) will release its third quarter 2021 financial results on November 18, 2021, after market close. A conference call for analysts is scheduled for 5:00 p.m. Eastern time that day, to discuss the results and general business updates. Analysts can join by dialing (877) 217-9089 for North America or (706) 679-1723 internationally, using conference ID 4368498. A replay will be available until December 2, 2021, via the same numbers. Access to the call will also be available on the Caleres investor website.
Caleres (NYSE: CAL) has appointed Suzy Cirulis as senior vice president of customer marketing. Her role will involve leading customer marketing strategies, including customer relationship marketing (CRM), customer insights, and analytics across the Caleres portfolio. With over 20 years of experience, Cirulis has previously served as the chief marketing officer at Crate and Barrel and held significant positions at Gap Inc.. This strategic hire aims to enhance customer connections and leverage data for business decisions, particularly benefiting the Famous Footwear brand.
Vionic, a supportive footwear brand, is donating 100% of proceeds from three special edition shoes to the Breast Cancer Research Foundation (BCRF) during October. They are committing at least $75,000 to support breast cancer research, highlighting a significant issue with one in eight women diagnosed in the U.S. The shoes include the Gemma Mule Slipper, Bella Toe Post Sandal, and Pismo Casual Sneaker, all designed with the signature 'pink' color and awareness bow. Vionic Cares, their philanthropic arm, emphasizes the importance of support and research in the fight against breast cancer.
Caleres (NYSE: CAL), a leader in consumer-driven footwear, will participate in the upcoming Shareholder Equity Conference. CEO Diane Sullivan will host a fireside chat on Monday, September 27 at 3:00 p.m. Eastern Time, allowing investors to engage directly with management. The event will be streamed live, accessible through the Shareholder Equity Conference website and the company’s Investor Relations page. An archive will be available post-event.
Sam Edelman has launched a new Kids footwear collection for Fall 2021, designed in-house to ensure premium quality and fashion appeal for children. The collection features styles named after popular women's shoes, including Felicia Mini and Penny Mini, with prices ranging from $60 to $100. Available in sizes 11-4, the collection is targeted for back-to-school shoppers and can be found online at SamEdelman.com and select retailers such as Nordstrom and Saks. This launch reflects a growing trend in children’s fashion, catering to both parents and kids.
Caleres (NYSE: CAL) brand Allen Edmonds announces its partnership with the PGA of America as the official dress shoe supplier for the U.S. Ryder Cup Team. The limited edition Park Avenue Cap-Toe Oxford will be worn by team members at the 43rd Ryder Cup, taking place from Sept. 21-26 in Kohler, Wisconsin. Featuring the Ryder Cup logo, these handcrafted shoes reflect the brand's commitment to quality and style. They will be available exclusively at AllenEdmonds.com.
Allen Edmonds launched the "My Life’s Work" campaign, connecting its 1922 roots with luxury men's footwear. Vol. 1 features designer Armando Cabral, showcasing his namesake collection inspired by African heritage.
The campaign includes a custom Discovery Moto Boot, with proceeds benefiting social justice causes. Caleres, the parent company, celebrates a century of craftsmanship, emphasizing legacy and partnerships with inspired makers. The campaign aims to highlight contributions from influential figures in fashion.
Vionic has partnered with St. Jude Children's Research Hospital and the PNOC Foundation for the second consecutive year to raise awareness and funds for pediatric cancer research during September. The initiative aims to support families battling cancer by donating 100% of checkout contributions to both organizations. In 2021, approximately 10,500 children in the U.S. are expected to be diagnosed with cancer, highlighting the importance of further funding. Vionic co-founder Bruce Campbell emphasizes the critical need for support for pediatric cancer research.
Caleres reported strong Q2 2021 results, achieving record earnings with net sales of $675.5 million, up 34.7% year-over-year. The Famous Footwear segment led the growth with a 35.8% sales increase. Gross profit reached $322.3 million, marking a gross margin of 47.7%, an 11 percentage point improvement from Q2 2020. The company paid down an additional $100 million in debt, totaling $340 million since early 2020. Looking ahead, Caleres expects adjusted EPS of $3.25 to $3.50 for FY 2021, despite ongoing macroeconomic challenges.
FAQ
What is the current stock price of Caleres (CAL)?
What is the market cap of Caleres (CAL)?
What does Caleres Inc. do?
What brands are owned by Caleres Inc.?
How does Caleres Inc. organize its business segments?
Where can I buy Caleres' products?
What is Caleres Inc.'s mission?
How does Caleres Inc. ensure high-quality footwear?
What recent achievements has Caleres Inc. made?
Is Caleres Inc. financially stable?
What makes Caleres Inc. different from other footwear companies?
What partnerships does Caleres Inc. have?
