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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 reported record first quarter net sales of $735.1 million, reflecting a 15.1% year-over-year increase. The company's gross profit margin reached 44.5%, with net earnings of $50.5 million or $1.32 per diluted share. Despite a 3.4% sales decline in the Famous Footwear segment, the Brand Portfolio segment saw a 46.1% sales increase. The company raised its fiscal year 2022 sales and earnings guidance, anticipating a 2-5% increase in sales and earnings per share of $4.20 to $4.40.
Rykä has launched its first collection of performance maternity shoes, the XpectFit, targeting expectant mothers. This collection features sneakers designed with a focus on comfort, including a wider forefoot and narrower heel for stability. With options for training, walking, and casual use, each shoe includes a massaging OrthoLite® insole and is machine-washable. The launch is timely, coinciding with the COVID-19 baby boom, and reflects Rykä's commitment to creating shoes for women, by women. The collection is available on various retail platforms, including Ryka.com and Famousfootwear.com.
Caleres (NYSE: CAL) will release its Q1 2022 financial results on May 24, 2022, after market close. A financial analyst conference call is scheduled for 5:00 p.m. Eastern time the same day, where executives will discuss quarterly results and business updates. Analysts can join via phone or listen online through the company’s investor website. Replay options will be available for those unable to attend the live call. Caleres has a diverse portfolio of footwear brands available across various retail channels.
Allen Edmonds celebrates its 100th anniversary this month, marking a century of craftsmanship within the Caleres portfolio (NYSE: CAL). Founded in 1922, the brand remains committed to producing premium footwear in the U.S., emphasizing artisan shoemaking and sustainability. Notably, they have restored over a million pairs of shoes via a recrafting initiative. The brand commemorates its legacy by commissioning photographer Billy Kidd to document 100 individuals wearing the iconic Park Avenue shoes in a cultural portrait series, symbolizing the brand's enduring relevance in American fashion.
GANNI, a Danish affordable luxury fashion brand, has partnered with Dr. Scholl’s Shoes to launch a new line featuring the iconic wooden sandal. The collection includes five styles in GANNI prints, debuting in early May, available on both brands' websites and select stores. Highlighting sustainability, the sandals are made from 100% certified organic cotton and feature a rubber sole with Forest Stewardship Council certified wood. This collaboration aims to enhance supply chain transparency and represents Dr. Scholl's most responsible partnership to date, retailing at $215 each.
Caleres (NYSE: CAL) has announced a $1 million donation to Soles4Souls to support homeless children through the 4EveryKid program. The donation, spanning two years, includes $500,000 in cash and $500,000 in product donations. This initiative aims to provide athletic shoes for over 17,000 homeless kids in the greater St. Louis area just in time for the school year. A checkout round-up campaign will also be available during September through Caleres brands to further support the cause.
Naturalizer and designer Tracy Reese have launched the "Hope for Flowers" sustainable footwear collection, showcasing eight vibrant styles. Priced between $110 and $148, the collection aims to promote creativity and support art education through scholarships at the College for Creative Studies in Detroit. Additionally, a portion of proceeds benefits Nest, a non-profit enhancing the artisan economy. The initiative aligns with Naturalizer's commitment to sustainability, featuring eco-conscious materials and practices, and reflects a shared mission for positive community impact.
Rykä has partnered with Chanel Miller to launch the Courage Sneaker, a limited-edition athletic shoe featuring original illustrations by Miller. This initiative supports Futures Without Violence and its upcoming Courage Museum. Rykä will donate
On March 24, 2022, Angela Caltagirone, SVP and GM of Vionic, was recognized by Dress for Success for her role as a corporate partner and mentor in the 'Your Hour, Her Power' campaign. This initiative supports women disproportionately affected by the COVID-19 pandemic. Vionic has a long-standing relationship with Dress for Success, providing event sponsorship and donations. The campaign encourages contributions to help women achieve economic independence through access to essential programs and tools. Caltagirone emphasizes her commitment to mentoring and supporting women's careers.
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