famous footwear news and archive

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,...

Dec 2, 2020

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...

Nov 20, 2020

Report

Caleres appoints Michael Edwards as President of Famous Footwear

Caleres has named Michael Edwards President of Famous Footwear, effective November 20, 2020. Edwards, the company said in a statement, will replace Molly Adams, who resigned her position to pursue an opportunity outside the organization. “Mike is a capable and successful leader who has seen the business through every lens. I am confident he will...

Nov 12, 2020

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...

Sep 2, 2020

Report

Caleres posts Q1 loss of 345.8 million dollars

Caleres net sales for the first quarter were 397.2 million dollars compared to 677.8 million dollars in the first quarter of fiscal 2019. Famous Footwear total sales of 191.3 million dollars, were down 45.7 percent with same-store-sales up 12.8 percent through mid-March, and up 12.6 percent for the entire quarter; and Brand Portfolio sales of...

Jun 5, 2020

Report

Caleres expects to report 3 percent drop in Q4 sales

Caleres expects fourth quarter 2019 consolidated net sales of approximately 700 million dollars, down 3 percent compared to 2018. The company said in a statement that Famous Footwear net sales are expected to reach approximately 370 million dollars, with same-store-sales up 5.1 percent, while brand portfolio net sales are expected at...

Feb 14, 2020

Retail

Famous Footwear adopts BOPS delivery method for holiday shoppers

The holiday shopping season is fueled by retailers offering new conveniences to their consumers to help incentivize more decisions shop at their stores as opposed to competitors. One of the most common conveniences that retailers are adopting is buy online, pickup in store (BOPS), as it brings together the ease of online shopping with the speedy...

Dec 21, 2019

Management

Caleres cuts full year earnings outlook on tariff impact

For the third quarter, Caleres reported sales of 792.4 million dollars, up 2.1 percent, while same-store-sales grew 2.5 percent at Famous Footwear, the eighth consecutive year of positive back-to-school same-store-sales growth. Earnings per diluted share of 69 cents, were up 3 percent, including 3 cents net impact from tariffs. The company said...

Nov 26, 2019

Retail

Famous Footwear announces new NYC flagship store

Famous Footwear is expanding its New York City retail presence. The American footwear retailer will open its 32nd store in the New York metropolitan area on November 15, located in Manhattan’s Herald Square. The largest of all the retailer’s New York City stores, the new location will take up 8,400 square feet across two levels to hold a large...

Nov 12, 2019

Report

Caleres posts 10.9 percent rise in Q2 earnings

For the second quarter, Caleres delivered net earnings of 25.3 million dollars with earnings per diluted share of 61 cents, up 10.9 percent, while adjusted net earnings reached 25.8 million dollars, resulting in adjusted earnings per diluted share of 62 cents, up 5.1 percent. Sales of 752.5 million dollars, increased 6.5 percent year-over-year....

Aug 27, 2019

Report

Caleres Q4 sales up 2.5 percent

For its fourth quarter, Caleres’ consolidated sales of 720.3 million dollars were up 2.5 percent. While the company’s brand portfolio sales of 355.1 million dollars increased 14.8 percent, including Vionic, Famous Footwear same-store-sales were up 1.1 percent but total sales of 365.2 million dollars were down. Consolidated sales for fiscal 2018...

Mar 22, 2019

Management

Marci Grebstein to join as SVP of marketing at Famous Footwear

Caleres has announced that Marci Grebstein will join the company as Senior Vice President of marketing for Famous Footwear on February 19, the largest brand in the Caleres portfolio, with over 1.6 billion dollars in annual revenue. Grebstein, the company said, will oversee all aspects of marketing for Famous Footwear’s more than 1,100 stores and...

Feb 13, 2019