Allen Edmonds news and archive

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...

ManagementFeatured

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...

Report

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...

Report

Caleres reports 34.7 percent increase in Q2 sales

Caleres net sales for the second quarter were 675.5 million dollars, up 34.7 percent from the second quarter of fiscal 2020. The company reported a 35.8 percent sales increase in the Famous Footwear segment and a 30.2 percent sales increase in the Brand Portfolio segment. Direct-to-consumer sales represented 79 percent of total net sales. For...

PeopleFeatured

Calares announces leadership changes to drive growth, names Jay Schmidt as President

Caleres has announced several transformational changes to its leadership structure that the company said, will ensure greater alignment with its strategic direction, accelerate its growth initiatives, unlock the power of its portfolio of brands and drive sustainable, long-term value for its shareholders. This transition, the company added,...

Management

Caleres Q3 sales drop by 18.3 percent

Caleres, in its third quarter trading report said that the company’s net sales for the quarter were 647.5 million dollars, down 18.3 percent, while direct-to-consumer sales represented 71.4 percent of total net sales. The company added that there was a 12.3 percent sales decline in the Famous Footwear segment and a 25.6 percent sales decline in...

Report

Caleres sales decline by 33.4 percent for Q2

For the second quarter, Caleres net sales were 501.4 million dollars, down 33.4 percent with direct-to-consumer sales representing 80 percent of total net sales. The company reported a 20.5 percent sales decline in the Famous Footwear segment with comparable stores sales up 14.7 percent during the quarter and a 48.9 percent sales decline in the...

Fashion

Joseph Abboud launches capsule with Allen Edmonds

Joseph Abboud and Allen Edmonds have partnered to launch an artisanal shoe collection, Joseph Abboud for Artisans of Freedom by Allen Edmonds. Abboud joins an impressive roster of craftspeople who have participated in the Artisans of Freedom program which highlights American-made products through ingenious design and quality manufacturing. “I am...

Report

Caleres acquires Allen Edmonds for 255 million dollars

Caleres has announced the acquisition of Allen Edmonds from Brentwood Associates for 255 million dollars. The company said, this US-based men’s premium handcrafted leather footwear and accessories label will help Caleres to expand its brand portfolio and establish its presence in men’s footwear segment. “The addition of Allen Edmonds to the...