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Caleres Inc - CAL STOCK NEWS

Welcome to our dedicated page for Caleres news (Ticker: CAL), a resource for investors and traders seeking the latest updates and insights on Caleres stock.

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.

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Tracy Reese, designer and founder of Hope For Flowers, announces a collaboration with Naturalizer to launch a sustainable capsule collection aimed at promoting mindful fashion choices. Set to debut in March 2022, the collection features nine styles with eco-conscious materials and vibrant designs, donating proceeds to Nest, a nonprofit supporting artisan economies. Reese emphasizes the collection's focus on joy and self-expression while aligning with Naturalizer's commitment to sustainability. The partnership reflects shared values of equality and environmental responsibility.

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Caleres (NYSE: CAL) plans to release its second quarter 2021 financial results on August 31, 2021, after market close. A financial analyst conference call will be hosted at 5:00 p.m. Eastern time to discuss quarterly results and general business updates. Analysts can join via specific dial-in numbers, and the public can listen through the investor section of the Caleres website. A replay will be available until September 14, 2021.

Caleres is home to various popular footwear brands, including Famous Footwear, Sam Edelman, and Dr. Scholl’s Shoes, aiming to meet diverse consumer needs.

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Caleres (NYSE: CAL) has announced the appointment of Jennifer "Jenny" Olsen as the new Chief Marketing Officer, effective June 28. Olsen will oversee brand marketing, consumer analytics, media, and creative strategies. Diane Sullivan, Chairman and CEO, highlighted Olsen's extensive marketing experience and her role in driving revenue and brand growth. Previously CMO at UNTUCKit and with notable roles at StitchFix and Yahoo!, Olsen aims to leverage her direct-to-consumer expertise to enhance Caleres' brand reach and accelerate digital growth.

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Caleres (NYSE: CAL) reported strong financial results for Q1 2021, with net sales reaching $638.6 million, up 60.8% from Q1 2020. Notably, Famous Footwear segment sales soared 108.2%, contributing to record earnings. The company reduced total debt by approximately $240 million since March 2020 and generated $70.4 million in cash from operations. Adjusted earnings per share stood at $0.60 compared to a loss of $1.30 in the prior year. Forward-looking, Caleres projects Q2 sales between $625 million and $650 million and plans to continue leveraging its direct-to-consumer model.

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Caleres (NYSE: CAL) will release its first quarter 2021 financial results on May 28, 2021, before the market opens. A conference call for financial analysts is scheduled for 10:00 a.m. Eastern time on the same day, with details available via the investor section of the company's website. The call will provide insights into the quarterly results and general business updates. A replay will be accessible until June 10, 2021. Known for renowned footwear brands, Caleres focuses on consumer insights to drive innovation and design.

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Kate Spade New York and Dr. Scholl’s Shoes will launch a second capsule collection on May 1, 2021, following a successful collaboration in 2020. The two-style collection features the Original Sandal with a Kate Spade twist, incorporating sustainable materials like chrome-free suede and recycled plastics. Retailing at $100 and $130, the sandals will be available at DrSchollsShoes.com and KateSpade.com. Design Director Katie Moore expressed excitement over the partnership, emphasizing the brand's commitment to sustainability.

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Caleres reported financial results for Q4 and fiscal year 2020. Key highlights include a net sales decline of 27.5% to $2.117 billion and a net loss of $439.1 million, translating to a loss of $11.80 per diluted share. However, ecommerce sales grew by 40%, making up 75% of total sales. The company achieved $100 million in annualized expense savings and generated $126 million in cash from operations. Despite ongoing uncertainties, Caleres aims to streamline operations and focus on digital strategies to enhance shareholder value.

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Caleres (NYSE: CAL) has declared a quarterly cash dividend of $0.07 per share, payable on April 9, 2021, to shareholders of record as of March 25, 2021. This marks the 392nd consecutive quarterly dividend paid by the company, emphasizing its commitment to returning value to shareholders. Caleres is known for its diverse portfolio of footwear brands, including Famous Footwear and Sam Edelman, driven by consumer insights and innovation.

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FAQ

What is the current stock price of Caleres (CAL)?

The current stock price of Caleres (CAL) is $31.71 as of October 10, 2024.

What is the market cap of Caleres (CAL)?

The market cap of Caleres (CAL) is approximately 1.1B.

What does Caleres Inc. do?

Caleres Inc. is a global footwear company that designs, manufactures, and sells a diverse range of shoes through its retail stores and online platforms.

What brands are owned by Caleres Inc.?

Caleres owns a variety 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.

How does Caleres Inc. organize its business segments?

Caleres operates through two main segments: Famous Footwear, which includes retail stores and online sales, and Brand Portfolio, which focuses on wholesale operations and distributing branded footwear.

Where can I buy Caleres' products?

Caleres’ products are available at Famous Footwear and Naturalizer retail stores, as well as online platforms like famousfootwear.com and various e-commerce sites.

What is Caleres Inc.'s mission?

Caleres aims to inspire people to feel good from their feet up, fostering a collaborative and innovative work environment.

How does Caleres Inc. ensure high-quality footwear?

Caleres designs, develops, sources, manufactures, markets, and distributes its footwear, maintaining strict quality control throughout its operations.

What recent achievements has Caleres Inc. made?

Recent achievements include expanding its digital footprint, enhancing customer experiences online, and committing to sustainable practices.

Is Caleres Inc. financially stable?

Yes, Caleres remains financially robust, showing steady revenue growth and a commitment to optimizing operations for better profitability.

What makes Caleres Inc. different from other footwear companies?

Caleres stands out due to its diverse brand portfolio, strong market presence, innovative approach, and commitment to high-quality and sustainable practices.

What partnerships does Caleres Inc. have?

Caleres collaborates with various retailers and online platforms to ensure its brands are widely accessible, reinforcing its market position.

Caleres Inc

NYSE:CAL

CAL Rankings

CAL Stock Data

1.12B
35.13M
3.25%
95.51%
12.71%
Apparel Retail
Footwear, (no Rubber)
Link
United States of America
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