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.
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.
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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 $25,000 from sales to the organization, which focuses on preventing gender-based violence. The sneaker embodies messages of courage and self-acceptance, with proceeds aimed at fostering awareness and change. Available exclusively on Rykä's website, it honors women's empowerment and community support.
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.
Caleres (NYSE: CAL) reported record annual operating earnings and margins for fiscal year 2021, with adjusted EPS nearly doubling the previous record. The fourth quarter saw net sales of $679.3 million, up 19.0% year-over-year. The company generated $168.4 million in cash from operations and reduced total debt from $448.9 million to $290 million. Caleres authorized an additional 7 million shares for repurchase. For fiscal 2022, the company expects EPS between $3.75 and $4.00, reflecting strong momentum despite inflationary pressures and supply chain challenges.
Caleres (NYSE: CAL) has elected Bruce Thorn to its board of directors. Thorn, currently the President and CEO of Big Lots, has driven over 17% sales growth and 35% EPS growth in the past three years. His extensive experience in retail includes leadership roles at Tailored Brands and PetSmart, where he gained skills in merchandising and supply chain management. Chairman Diane Sullivan emphasizes Thorn's valuable expertise and diverse skill set as a significant addition to Caleres' board.
Caleres (NYSE: CAL) has declared its quarterly cash dividend of $0.07 per share, payable on April 8, 2022, to shareholders on record as of March 24, 2022. This marks the 396th consecutive quarterly dividend paid by the company, reflecting its commitment to returning value to shareholders. Caleres operates a diverse portfolio of global footwear brands, with products available in nearly 1,000 retail locations and online, including Famous Footwear, Sam Edelman, and Naturalizer.
Caleres (NYSE: CAL) will release its fiscal fourth quarter and year-end financial results on March 15, 2022, after market close. Following the announcement, company executives will host a financial analyst conference call at 5:00 p.m. Eastern time to discuss results and provide a business update. Analysts can join by dialing (877) 217-9089 for North America or (706) 679-1723 internationally. A replay will be available until March 28, 2022. For details, visit Caleres Investor Relations.
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