Caleres Inc Stock Price, News & Analysis

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.

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.

Allen Edmonds has launched an expanded online customizable trunk show, allowing consumers to create unique shoe designs until March 13, 2021, at allenedmonds.com. The event waives the usual custom fee and offers styles such as sneakers and oxfords with multiple material and color options. Larger sizes from 6.5 to 15 and widths from B to EEE are available, along with a Recrafting service to extend shoe life. This initiative responds to high demand for new and classic sneaker styles, enhancing customization options for existing and new customers.

Two prominent brands of Caleres, Famous Footwear and Vionic, have been recognized in Newsweek's 2021 list of America's Best Loyalty Programs. Famous Footwear's Famously You and Vionic's Sole Circle were highlighted for their outstanding customer engagement and loyalty initiatives. The awards were announced on February 16, 2021, reflecting evaluations from over 4,000 U.S. customers across various program metrics. Both programs focus on enhancing customer experience through personalized rewards and benefits, contributing significantly to their respective brand growth.

Caleres (NYSE: CAL) plans to release its fiscal fourth quarter and year-end financial results after market close on March 16, 2021. A financial analyst conference call will be held at 5:00 PM ET to discuss the quarterly results and provide a business update. Analysts can join via dial-in numbers provided for North America and international callers. The call will be accessible to the public through the investor section of Caleres' website, with a replay available until March 29, 2021.

Alliance Data Systems Corporation (NYSE: ADS) has launched a new private label credit card program for Famous Footwear, aimed at its 22 million loyalty program members. The Famously You Rewards Credit Card™ will offer accelerated rewards and exclusive incentives to enhance customer engagement. With over 900 stores in the U.S. and Canada, Famous Footwear is focused on optimizing its online presence and utilizing Alliance Data's Enhanced Digital Suite to streamline payment options. This initiative seeks to strengthen brand loyalty and drive sales amidst evolving customer expectations.

Caleres (NYSE: CAL) announced that its management team will participate in the virtual 2021 ICR Conference on January 11 at 1:30 p.m. Eastern Time. Diane Sullivan, Chairman and CEO, will lead a fireside chat, which will be webcast live on the company’s Investor Relations website. The event also includes meetings with institutional investors and analysts. An online archive will be available after the event. Caleres boasts a diverse portfolio of footwear brands, including Famous Footwear and Sam Edelman, focusing on innovative designs driven by consumer insights.

On December 1, 2020, Vionic shoes, part of the Caleres portfolio, launched charitable initiatives for Dress for Success on Giving Tuesday. Vionic will donate 1% of gross sales from vionicshoes.com to support women's professional advancement. The partnership includes donating 100 pairs of shoes and sponsoring events like the virtual Holiday Soirée. Vionic aims to empower women through wellness and comfort in footwear. The company's Three-Zone Comfort technology provides stability and support across various styles, helping people live healthier lives.