Caleres news and archive

Caleres announces Kathleen Welter as new HR head

Caleres has announced that Kathleen Welter has been appointed as the company's new chief human resources officer. Welter will be responsible for all human resources functions for the company's brands and its over 9,000 employees globally. Her duties will include recruitment, talent management, training, compensation, benefits, and labor law...

Fashion

Athlete Gabby Reece to collaborate with Vionic

Vionic, the footwear brand rooted in biomechanics and the science of movement and part of the Caleres portfolio, has named beach volleyball athlete, bestselling author and podcast host Gabby Reece as its first-ever wellbeing ambassador as it looks to drive brand awareness and authenticity. Reece, who made history as the first female athlete to...

People

Caleres promotes Brian Costello to president of Famous Footwear

Footwear group Caleres, which includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic, has promoted Brian Costello to division president of Famous Footwear, effective immediately. Costello joined the footwear group in February this year as chief merchandising officer, where he oversaw all the buying and merchandising,...

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Business

Tapestry completes sale of Stuart Weitzman to Caleres

Tapestry, Inc., the parent company of brands such as Coach and Kate Spade New York, has completed the sale of its Stuart Weitzman brand to Caleres, a portfolio of footwear brands. The all-cash deal, valued at 105 million dollars, was announced in February this year and marks a strategic move for both companies. For Caleres, the acquisition of...

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Business

Caleres secures amended credit agreement ahead of Stuart Weitzman acquisition

US footwear company Caleres has secured an amendment of its existing credit agreement, extending its senior secured asset-based revolving credit facility to June 2030. The deal comes ahead of the company’s acquisition of fellow footwear label Stuart Weitzman, which it is intending to take off the hands of luxury giant Tapestry. Through the...

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Caleres to acquire Stuart Weitzman from Tapestry Inc. for $105 million

Tapestry, Inc., the parent company of several leading accessories and lifestyle brands, including Coach and Kate Spade New York, has announced the sale of its Stuart Weitzman brand to Caleres, a portfolio of consumer footwear brands, for 105 million dollars in cash today. Caleres stated that it aims to fund the acquisition through the company’s...

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Fashion

Favorite Daughter to launch shoes with Caleres this autumn

Favorite Daughter, the contemporary lifestyle brand based in Los Angeles, is launching its first shoe collection under a new licensing agreement with Caleres. Launched in 2020 by sister duo Erin Foster and Sara Foster in partnership with Centric Brands, the digital-first brand offers collections featuring trend-led fashion, denim and closet...

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People

Brian Costello joins Famous Footwear as chief merchandising officer

Footwear retailer Caleres has appointed Brian Costello as chief merchandising officer of Famous Footwear. In this role, the company said in a release, he will oversee all buying and merchandising, including women’s, men’s and kids’ athletic and fashion footwear and accessories, for the brand’s US and Canada stores and e-commerce sites. “Brian...

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People

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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Business

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...

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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...

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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...