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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) announced the opening of a new Allen Edmonds store concept in Boston, set to premiere on March 30. This store, located at 141A Newbury Street, celebrates the brand’s heritage in shoemaking, featuring recraft and custom services. Allen Edmonds has recrafted over one million pairs of shoes to date, emphasizing quality and sustainability. The store's design integrates historical elements with modern aesthetics, showcasing the brand's legacy and commitment to American craftsmanship. This expansion aligns with Caleres' strategy to enhance its luxury positioning while catering to the evolving consumer demands.
Naturalizer, a leading women’s footwear brand under Caleres (NYSE:CAL), has launched a new bridal shoe collection in collaboration with renowned couture designer Pnina Tornai. This premiere collection features nine styles, ranging from mules to platform heels, designed to offer both elegance and comfort for brides. Prices range from $200 to $325 and are available on Naturalizer.com and select retailers starting March 26. Naturalizer has risen to third place in the women’s dress footwear market, reflecting significant growth in this sector over the past two years.
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