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 reported financial results for Q4 and fiscal year 2020. Key highlights include a net sales decline of 27.5% to $2.117 billion and a net loss of $439.1 million, translating to a loss of $11.80 per diluted share. However, ecommerce sales grew by 40%, making up 75% of total sales. The company achieved $100 million in annualized expense savings and generated $126 million in cash from operations. Despite ongoing uncertainties, Caleres aims to streamline operations and focus on digital strategies to enhance shareholder value.
Caleres (NYSE: CAL) has declared a quarterly cash dividend of $0.07 per share, payable on April 9, 2021, to shareholders of record as of March 25, 2021. This marks the 392nd consecutive quarterly dividend paid by the company, emphasizing its commitment to returning value to shareholders. Caleres is known for its diverse portfolio of footwear brands, including Famous Footwear and Sam Edelman, driven by consumer insights and innovation.
Allen Edmonds has launched an expanded online customizable trunk show, allowing consumers to create unique shoe designs until March 13, 2021, at allenedmonds.com. The event waives the usual custom fee and offers styles such as sneakers and oxfords with multiple material and color options. Larger sizes from 6.5 to 15 and widths from B to EEE are available, along with a Recrafting service to extend shoe life. This initiative responds to high demand for new and classic sneaker styles, enhancing customization options for existing and new customers.
Two prominent brands of Caleres, Famous Footwear and Vionic, have been recognized in Newsweek's 2021 list of America's Best Loyalty Programs. Famous Footwear's Famously You and Vionic's Sole Circle were highlighted for their outstanding customer engagement and loyalty initiatives. The awards were announced on February 16, 2021, reflecting evaluations from over 4,000 U.S. customers across various program metrics. Both programs focus on enhancing customer experience through personalized rewards and benefits, contributing significantly to their respective brand growth.
Caleres (NYSE: CAL) plans to release its fiscal fourth quarter and year-end financial results after market close on March 16, 2021. A financial analyst conference call will be held at 5:00 PM ET to discuss the quarterly results and provide a business update. Analysts can join via dial-in numbers provided for North America and international callers. The call will be accessible to the public through the investor section of Caleres' website, with a replay available until March 29, 2021.
Alliance Data Systems Corporation (NYSE: ADS) has launched a new private label credit card program for Famous Footwear, aimed at its 22 million loyalty program members. The Famously You Rewards Credit Card™ will offer accelerated rewards and exclusive incentives to enhance customer engagement. With over 900 stores in the U.S. and Canada, Famous Footwear is focused on optimizing its online presence and utilizing Alliance Data's Enhanced Digital Suite to streamline payment options. This initiative seeks to strengthen brand loyalty and drive sales amidst evolving customer expectations.
Caleres (NYSE: CAL) announced that its management team will participate in the virtual 2021 ICR Conference on January 11 at 1:30 p.m. Eastern Time. Diane Sullivan, Chairman and CEO, will lead a fireside chat, which will be webcast live on the company’s Investor Relations website. The event also includes meetings with institutional investors and analysts. An online archive will be available after the event. Caleres boasts a diverse portfolio of footwear brands, including Famous Footwear and Sam Edelman, focusing on innovative designs driven by consumer insights.
On December 1, 2020, Vionic shoes, part of the Caleres portfolio, launched charitable initiatives for Dress for Success on Giving Tuesday. Vionic will donate 1% of gross sales from vionicshoes.com to support women's professional advancement. The partnership includes donating 100 pairs of shoes and sponsoring events like the virtual Holiday Soirée. Vionic aims to empower women through wellness and comfort in footwear. The company's Three-Zone Comfort technology provides stability and support across various styles, helping people live healthier lives.
Vionic is supporting Childhood Cancer Awareness Month by partnering with St. Jude Children's Research Hospital and the Pediatric Neuro-Oncology Consortium Foundation (PNOC). Throughout September, customers can donate at Vionic's e-commerce site, with all proceeds going to both organizations to aid in childhood cancer research and treatment. The initiative emphasizes the need for funding, especially for brain cancer, the leading childhood cancer. Vionic's founders, Bruce and Allyn Campbell, started PNOC after their son’s brain tumor diagnosis, aiming to improve outcomes for affected families.
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