Caleres news and archive

Caleres expects Q3 sales at low-end of guidance, announces 3-year growth plan

US footwear group Caleres said Friday it expects sales for the third quarter of the year to be at the lower end of its previously announced guidance. It expects Q3 sales to be down low-single digits compared to the prior year due to a “challenging consumer demand environment in September”. The company has reiterated its outlook for the full...

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Caleres appoints first-ever chief design and product officer

American footwear group Caleres, which includes Vince, Dr Scholl's, and Blowfish Malibu, has promoted Natelle Baddeley to chief design and product officer, effective immediately. In the newly created role, Baddeley will have creative oversight of the majority of the Caleres brand portfolio, including Naturalizer, Vionic, Dr Scholl's, Veronica...

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Caleres Q2 sales and profits fall, but reiterates FY23 outlook

Caleres has reported a drop in revenue and profit in the second quarter of the year, but has reiterated its full-year outlook. The US footwear group generated net sales of 695.5 million dollars in the three months to July 29, down 5.8 percent from the prior year. It had expected a drop of between 4 percent and 5 percent. Sales at the group’s...

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Caleres lowers FY revenue outlook, announces cost-cutting drive

US footwear group Caleres has lowered its full-year revenue outlook and announced new cost-cutting measures after reporting a drop in sales and profit in the first quarter. The company reported a 9.8 percent drop in net sales to 662.7 million dollars in the three months to April 29, with Famous Footwear segment sales down 9.2 percent, and Brand...

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Caleres enjoys ‘record-setting’ year following bumper Q4 sales

US footwear group Caleres has reported record sales in both its Q4 and full-year results. The company made net sales of 696.4 million dollars in the quarter ended January 28, up 2.5 percent from the 679.3 million dollars it made a year earlier. Breaking it down by segment, Famous Footwear segment sales increased 0.1 percent, while Brand...

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Caleres names Jack Calandra as senior vice president and CFO

Footwear conglomerate Caleres has announced the appointment of Jack Calandra as its senior vice president and chief financial officer, effective September 12. Calandra joins the company from a.k.a Brands, where he served as chief financial officer. He has also held several executive positions at the likes of Tailored Brands and Gap Inc, where he...

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Caleres Q2 earnings up, reiterates forecast

Net sales at Caleres Inc., rose 9.3 percent to 738.3 million dollars in the second quarter, driven by positive momentum in the brand portfolio segment. The company achieved net earnings of 51.2 million dollars and generated a 45.6 percent consolidated gross profit margin. “During the second quarter, Caleres delivered another exceptional...

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Caleres: Diane Sullivan to step down as CEO, successor announced

US footwear group Caleres has announced that CEO Diane Sullivan is to step down after more than a decade in the role to assume the position of executive chair. Sullivan joined Caleres as president in 2004 before taking on the additional role of chief operating officer in 2006. She was then appointed CEO and president in 2011, before being named...

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Caleres reports record Q1 trading, ups FY outlook

US footwear group Caleres has upped its full-year sales and earnings guidance after reporting record trading in the first quarter of the year. In the three months to April 30, the group reported record net sales of 735.1 million dollars, up 15.1 percent from the prior year. Sales in the group’s Brand Portfolio segment were up 46.1 percent, while...

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Caleres revenues and earnings jump

Fourth quarter net sales at Caleres were 679.3 million dollars, up 19 percent from the fourth quarter of fiscal 2020. The company reported 15.9 percent sales increase in the Famous Footwear segment and a 24.4 percent sales increase in the brand portfolio segment. Gross profit for the quarter was 294.8 million dollars, while gross margin was 43.4...

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Caleres posts 21.1 percent rise in Q3 sales

Caleres third quarter net sales were 784.2 million dollars, up 21.1 percent from the third quarter of fiscal 2020. The company reported a 26.3 percent sales increase in the Famous Footwear segment; a 12.3 percent sales increase in the brand portfolio segment. Direct-to-consumer sales represented 73.5 percent of total net sales. “Caleres achieved...

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Caleres appoints Jennifer Olsen as chief marketing officer

Jennifer “Jenny” Olsen has been named chief marketing officer (CMO) for Caleres. The company said, Olsen, who will begin on June 28, will oversee all brand marketing for Caleres including consumer analytics, media and creative. “Jenny will serve as a key member of the Caleres leadership team. Her expertise will be instrumental in leading the...