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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) has appointed Jack Calandra as the new senior vice president and chief financial officer, effective September 12, 2022. Calandra succeeds Ken Hannah, who served as CFO for seven years and will assist in the transition. President Jay Schmidt emphasized Calandra's collaborative leadership and extensive experience in retail and finance, making him suitable for the role. Calandra aims to unlock growth opportunities and enhance the company's financial structure for long-term shareholder value.
Sam Edelman, a leading footwear brand, launched its Fall/Winter 2022 campaign featuring supermodel Naomi Campbell. The campaign highlights both innovative footwear styles and heritage classics like the Felicia ballet and Lorraine loafer. Collaborating with industry icons like Steven Klein and Pat McGrath, the campaign embodies a blend of nostalgia and modernity. It will be showcased in major publications and billboards in New York and Los Angeles. The collection is available on SamEdelman.com and retail locations globally.
Caleres (NYSE: CAL) announced a quarterly cash dividend of $0.07 per share, payable on September 30, 2022, to shareholders on record as of September 9, 2022. This marks the 398th consecutive quarterly dividend paid by the company, reflecting its commitment to returning value to shareholders. Caleres boasts a diverse portfolio of global footwear brands available across various retail channels, emphasizing a dedication to quality and customer satisfaction.
Caleres reported record second quarter net sales of $738.3 million, up 9.3% from the previous year, with earnings per diluted share at $1.38, compared to $0.97 in Q2 2021. Despite a 3.8% decline in the Famous Footwear segment, the Brand Portfolio segment saw a robust 35.6% increase. The company also announced a share repurchase of 1.1 million shares totaling $27.0 million. Looking ahead, Caleres raised its fiscal year 2022 sales guidance to a growth of 4% to 6% and aims for earnings per share between $4.20 and $4.40.
Caleres (NYSE: CAL) will release its second quarter 2022 financial results on August 23 after market close. A conference call will follow at 5:00 p.m. Eastern time where executives will discuss the results and provide a business update. Analysts can join via dial-in numbers, with a replay available until September 6. The call will also be accessible on the Caleres investor website, enhancing transparency for stakeholders.
Caleres (NYSE: CAL) announces a leadership transition as
Vionic Shoes, under Caleres (NYSE: CAL), introduces the VIONIC x PROTEUS™ sneaker collection, promoting sustainability and ocean health. The partnership with Proteus Ocean Group commits $500,000 over three years to support innovative ocean preservation solutions. The launch includes eco-conscious Beach sneakers made from recycled materials and features Vionic's Three-Zone Comfort technology. A beach cleanup event in Santa Monica marked the collaboration's start, collecting over 500 pounds of waste and fostering community engagement in ocean conservation.
PROTEUS™ and Vionic Shoes have launched a beach cleanup initiative in Santa Monica, aiming to raise awareness about ocean health and climate change. Fabien Cousteau, grandson of Jacques Cousteau, supports the event that promotes local actions for a sustainable future. The initiative coincides with Vionic's launch of a sustainable footwear collection, underscoring their commitment to environmental responsibility. Approximately 600 million pounds of plastic pollution are present in oceans, highlighting the urgency of such conservation efforts. This partnership emphasizes education and community involvement in addressing climate challenges.
Caleres (NYSE: CAL) has announced a quarterly cash dividend of
Vionic has launched its new recovery sandals, Rejuvenate and Restore, designed for optimal comfort post-activity. These sandals feature dual density cushioning and Three-Zone Comfort technology for enhanced arch support and stability. Available in multiple colors and styles, they aim to alleviate foot pain and promote natural alignment. The sandals are recommended by podiatrist Jacqueline Sutera as essential for recovery after sports or surgery. Vionic, part of Caleres (NYSE: CAL), focuses on merging fashion with foot health.
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