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.
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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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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