Soles4Souls Recipient of $1 Million Commitment from Caleres

Rhea-AI Summary

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.

Positive

• Donation of $1 million supports homeless children, enhancing corporate social responsibility.
• In-kind donations include athletic shoes, directly addressing urgent community needs.
• Checkout round-up campaign in September is expected to generate additional funds for the initiative.

Negative

• None.

Grant to be Paid Over Two Years Through Charitable Trust Donation, Round Up Campaign and Product Donation to Support 4EveryKid Program

ST. LOUIS--(BUSINESS WIRE)-- Caleres (NYSE: CAL) has announced a $1 million donation to Soles4Souls to help provide shoes for homeless children through the 4EveryKid program, it was announced today by Diane Sullivan, chairman and CEO of Caleres, and Buddy Teaster, CEO and president of Soles4Souls.

The donation will be paid from the Caleres Cares Charitable Trust over two years, including a $500,000 monetary donation and $500,000 in-kind product donation. The in-kind donation will include athletic shoes for homeless children just in time for back-to-school this fall. Additionally, Caleres brands including Famous Footwear, Allen Edmonds, Naturalizer and Sam Edelman will support the 4EveryKid campaign through a round up at checkout option online during the month of September.

The first product donation to the 4EveryKid program will happen this summer and will benefit children in St. Louis, where Caleres is headquartered.

“There are more than 17,000 kids experiencing homelessness in the greater St. Louis region of 15 counties and 854 public schools. This donation will help us reach every single one of them to make sure they have a new pair of shoes to start school this fall,” said Teaster. “When we approached Caleres with our vision around this program, they didn’t hesitate. Their donation will help us work directly with St. Louis area public schools to give them the support they need to help kids prepare for their first day of school.”

“Our mission is to inspire people to feel great…feet first,” said Sullivan. “While we often do that in spirit, this program gives us the opportunity to do that literally. Buddy and the Soles4Souls team do incredible work and we are thankful for the opportunity to join them in supporting an extraordinary program right here in our own back yard.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20220427005095/en/

Kelly Malone

Caleres

kmalone@caleres.com

Jamie Ellis

Soles4Souls

629-236-5620

Source: Caleres

FAQ

What is Caleres' recent donation amount and purpose?

Caleres announced a $1 million donation to Soles4Souls to support homeless children through the 4EveryKid program.

How will Caleres' donation be allocated?

The donation will be split into $500,000 cash and $500,000 in product donations over two years.

Where will the first product donation for the 4EveryKid program take place?

The first product donation will benefit children in St. Louis.

What is the significance of the 4EveryKid program?

The program aims to provide shoes for over 17,000 homeless children in the St. Louis area.

How can consumers contribute to Caleres' initiative?

Consumers can support the campaign by participating in the checkout round-up option offered online during September.