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 (NYSE: CAL) is a leading footwear company operating through its Famous Footwear retail division and diversified brand portfolio. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market positioning.
Our curated collection features official press releases and verified news covering earnings announcements, strategic partnerships, leadership changes, and product innovations. Users gain access to critical information about retail operations, wholesale developments, and corporate governance matters shaping Caleres' position in the global footwear market.
The resource is particularly valuable for tracking updates across Caleres' dual business model - from consumer-facing retail initiatives to brand portfolio management. Regular updates include quarterly financial disclosures, expansion announcements, and sustainability efforts within the footwear industry.
Bookmark this page for streamlined access to Caleres' latest material developments. Check back frequently for authoritative reporting on operational milestones affecting one of North America's most established footwear enterprises.
Caleres (NYSE:CAL) announced the opening of a new Allen Edmonds store concept in Boston, set to premiere on March 30. This store, located at 141A Newbury Street, celebrates the brand’s heritage in shoemaking, featuring recraft and custom services. Allen Edmonds has recrafted over one million pairs of shoes to date, emphasizing quality and sustainability. The store's design integrates historical elements with modern aesthetics, showcasing the brand's legacy and commitment to American craftsmanship. This expansion aligns with Caleres' strategy to enhance its luxury positioning while catering to the evolving consumer demands.
Naturalizer, a leading women’s footwear brand under Caleres (NYSE:CAL), has launched a new bridal shoe collection in collaboration with renowned couture designer Pnina Tornai. This premiere collection features nine styles, ranging from mules to platform heels, designed to offer both elegance and comfort for brides. Prices range from $200 to $325 and are available on Naturalizer.com and select retailers starting March 26. Naturalizer has risen to third place in the women’s dress footwear market, reflecting significant growth in this sector over the past two years.
Caleres reported record fourth quarter consolidated net sales of $696.4 million and annual net sales of $2.97 billion for fiscal 2022. With earnings per share reaching $4.92, the company highlights a robust performance driven by its Brand Portfolio, which saw a 6.4 percent year-over-year sales increase. Despite a slight decline in Famous Footwear sales, the company expects flat to 2 percent growth in fiscal 2023 net sales. Projected earnings per share range between $4.10 to $4.30. However, ongoing inflationary pressures and increased interest rates may pose challenges.
FAQ
What is the current stock price of Caleres (CAL)?
What is the market cap of Caleres (CAL)?
