Caleres Inc. reports developments across a footwear business built around Famous Footwear retail and e-commerce operations and a Brand Portfolio of wholesale and consumer footwear brands. News commonly covers quarterly results, segment performance, gross margin trends, guidance, e-commerce and international activity, and dividends on the company’s NYSE-listed common stock.
Company updates also include product and brand activity across names such as Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, Vionic and Dr. Scholl’s Shoes. Recurring announcements feature collaborations, capsule collections, category expansion, brand campaigns, leadership appointments and integration work within the broader Caleres footwear platform.
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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.
Caleres reported record fourth quarter consolidated net sales of $696.4 million and annual net sales of $2.97 billion for fiscal 2022. With earnings per share reaching $4.92, the company highlights a robust performance driven by its Brand Portfolio, which saw a 6.4 percent year-over-year sales increase. Despite a slight decline in Famous Footwear sales, the company expects flat to 2 percent growth in fiscal 2023 net sales. Projected earnings per share range between $4.10 to $4.30. However, ongoing inflationary pressures and increased interest rates may pose challenges.
Caleres (NYSE: CAL) has declared a quarterly cash dividend of $0.07 per share, to be paid on April 6, 2023, for shareholders of record as of March 23, 2023. This announcement marks a significant milestone, as the company has maintained a consecutive dividend payment for 100 years. With a diverse portfolio of footwear brands including Famous Footwear and Sam Edelman, Caleres continues to demonstrate its commitment to rewarding shareholders while upholding its legacy and mission in the global footwear market.
Caleres (NYSE: CAL) announces a collaboration between its Dr. Scholl’s Shoes brand and denim label RE/DONE for a limited-edition footwear collection. This nostalgic capsule features the iconic Original Sandal, reimagined in five colorways, including black and red patent leather and upcycled denim. Each sandal boasts a handmade wood clog sole from sustainably sourced beechwood, emphasizing eco-conscious craftsmanship. Retailing at $295, the collection will be available starting March 7 at select stores and online. Designers from both brands highlight a vision of merging vintage aesthetics with modern style.
Caleres (NYSE:CAL) announces a collaboration between its brand Allen Edmonds and Raleigh Denim Workshop, marking the launch of the Legend Series Drop 02. This unique partnership emphasizes artistry, with 22 limited edition painted canvases designed by Victor Lytvinenko, priced at $1,295 each. These will be transformed into bespoke shoes. Additionally, a limited run of 200 pairs of Strand Denim Dahlia Oxfords will be available for $495. The exhibit will take place on March 2, 2023, at Allen Edmonds’ Rockefeller Plaza store in New York. This initiative aims to redefine classic footwear and promote craftsmanship in the fashion industry.