Caleres news and archive

Caleres hires Nancy Bitetto as senior vice president of New York brands

Nancy Bitetto has joined Caleres as senior vice president of New York brands, which include Franco Sarto, Vince, Veronica Beard, and private brand offerings. In this role, the company said, Bitetto will focus on accelerating growth and expanding profitability within the Caleres brand portfolio. She will report directly to Jay Schmidt, president...

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Caleres lowers sales and earnings forecast

Caleres reported sales of 683.3 million dollars for the second quarter, down 1.8 percent. Caleres has lowered fiscal 2024 outlook of net sales to down low-single-digits percent versus previous guidance of flat to up 2 percent; and earnings per diluted share to 3.94 dollars to 4.09 dollars versus prior guidance of 4.30 dollars to 4.60 dollars and...

Business

Caleres reports marginal quarterly sales decline

Caleres net sales were 659.2 million dollars in the first quarter, down 0.5 percent. Famous Footwear segment net sales increased 0.1 percent, with comparable sales down 2.3 percent, brand portfolio segment net sales declined 2.6 percent, while direct-to-consumer sales represented approximately 69 percent of total net sales “Caleres began 2024 in...

Business

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...

Business

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...

Business

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...