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. 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.
Vionic, a supportive footwear brand, is donating 100% of proceeds from three special edition shoes to the Breast Cancer Research Foundation (BCRF) during October. They are committing at least $75,000 to support breast cancer research, highlighting a significant issue with one in eight women diagnosed in the U.S. The shoes include the Gemma Mule Slipper, Bella Toe Post Sandal, and Pismo Casual Sneaker, all designed with the signature 'pink' color and awareness bow. Vionic Cares, their philanthropic arm, emphasizes the importance of support and research in the fight against breast cancer.
Caleres (NYSE: CAL), a leader in consumer-driven footwear, will participate in the upcoming Shareholder Equity Conference. CEO Diane Sullivan will host a fireside chat on Monday, September 27 at 3:00 p.m. Eastern Time, allowing investors to engage directly with management. The event will be streamed live, accessible through the Shareholder Equity Conference website and the company’s Investor Relations page. An archive will be available post-event.
Sam Edelman has launched a new Kids footwear collection for Fall 2021, designed in-house to ensure premium quality and fashion appeal for children. The collection features styles named after popular women's shoes, including Felicia Mini and Penny Mini, with prices ranging from $60 to $100. Available in sizes 11-4, the collection is targeted for back-to-school shoppers and can be found online at SamEdelman.com and select retailers such as Nordstrom and Saks. This launch reflects a growing trend in children’s fashion, catering to both parents and kids.
Caleres (NYSE: CAL) brand Allen Edmonds announces its partnership with the PGA of America as the official dress shoe supplier for the U.S. Ryder Cup Team. The limited edition Park Avenue Cap-Toe Oxford will be worn by team members at the 43rd Ryder Cup, taking place from Sept. 21-26 in Kohler, Wisconsin. Featuring the Ryder Cup logo, these handcrafted shoes reflect the brand's commitment to quality and style. They will be available exclusively at AllenEdmonds.com.
Allen Edmonds launched the "My Life’s Work" campaign, connecting its 1922 roots with luxury men's footwear. Vol. 1 features designer Armando Cabral, showcasing his namesake collection inspired by African heritage.
The campaign includes a custom Discovery Moto Boot, with proceeds benefiting social justice causes. Caleres, the parent company, celebrates a century of craftsmanship, emphasizing legacy and partnerships with inspired makers. The campaign aims to highlight contributions from influential figures in fashion.
Vionic has partnered with St. Jude Children's Research Hospital and the PNOC Foundation for the second consecutive year to raise awareness and funds for pediatric cancer research during September. The initiative aims to support families battling cancer by donating 100% of checkout contributions to both organizations. In 2021, approximately 10,500 children in the U.S. are expected to be diagnosed with cancer, highlighting the importance of further funding. Vionic co-founder Bruce Campbell emphasizes the critical need for support for pediatric cancer research.
Caleres reported strong Q2 2021 results, achieving record earnings with net sales of $675.5 million, up 34.7% year-over-year. The Famous Footwear segment led the growth with a 35.8% sales increase. Gross profit reached $322.3 million, marking a gross margin of 47.7%, an 11 percentage point improvement from Q2 2020. The company paid down an additional $100 million in debt, totaling $340 million since early 2020. Looking ahead, Caleres expects adjusted EPS of $3.25 to $3.50 for FY 2021, despite ongoing macroeconomic challenges.
Sam Edelman has launched its first Eau de Parfum, Signature by Sam Edelman, inspired by the brand's elegance and aspirational style. Developed with fragrance designer Raymond Matts and Firmenich's Frank Voelkl, the scent embodies empowerment and sophistication. The artisanal bottle design reflects the brand's whimsical style, resembling a shoe heel. Available in select boutiques and Macy's, it retails between $68 and $100 starting September 15. This launch enhances Sam Edelman's Lifestyle collection under Caleres, expanding its market presence.
Caleres has declared a regular quarterly cash dividend of $0.07 per share, set to be paid on October 1, 2021, to shareholders of record as of September 10, 2021. This marks the 394th consecutive quarterly dividend for the company, highlighting its commitment to returning value to shareholders. Caleres is known for its diverse portfolio of footwear brands, including Famous Footwear and Sam Edelman, positioning itself as a dynamic player in the global footwear market.
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