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.
News and disclosures about Caleres Inc (NYSE: CAL) focus on its role as a portfolio of consumer-driven and global footwear brands and on developments across its Famous Footwear and Brand Portfolio segments. Company press releases regularly describe Caleres as managing brands such as Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, and Vionic, with products available in nearly 1,000 company-operated retail stores, in hundreds of department and specialty stores, on branded e-commerce sites, and on third-party retail platforms.
Investors following CAL news will find quarterly earnings announcements that detail net sales, segment performance for Famous Footwear and Brand Portfolio, direct-to-consumer trends, gross margin dynamics, and the impact of factors such as tariffs and restructuring costs. These releases also discuss non-GAAP measures that management uses to highlight underlying business trends, as well as updates on inventory, liquidity, and borrowing under the company’s revolving credit facility.
Caleres news flow also includes dividend declarations, where the company notes that it has paid consecutive quarterly dividends for over a century, and capital structure updates such as amendments to its credit agreement. In addition, brand-level announcements from Stuart Weitzman New York, a lead brand in the Caleres portfolio, highlight new campaigns, collections, and ambassadors, illustrating how Caleres supports luxury and fashion-focused footwear within its broader portfolio.
For readers tracking CAL, this news stream provides insight into financial performance, portfolio evolution, acquisitions such as Stuart Weitzman, and marketing activity across key brands. Bookmarking this page allows for ongoing access to company earnings releases, dividend announcements, capital markets events, and brand campaigns that shape the Caleres investment and brand story over time.
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.
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.
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.
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.
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.
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.