Stuart Weitzman’s Stuart Power Zip 75 bootie. Courtesy of Caleres Shares of Caleres Inc. fell over 18 percent in pre-market trading on Tuesday as the footwear company reported third-quarter earnings below analyst expectations. The St. Louis-based company said net sales in the third quarter of fiscal 2025 totaled $790.1 million, up 6.6 percent from $740.9 […]
Keke Palmer stars in Stuart Weitzman’s holiday 2025 campaign. Courtesy of Stuart Weitzman After finalizing its acquisition of Stuart Weitzman from Tapestry in August, Caleres management is focused on turning around the business in 2026. On the company’s third quarter conference call on Tuesday, Caleres president and chief executive officer Jay Schmidt walked analysts through […]
Erin and Sara Foster sport new styles from Favorite Daughter’s debut shoe collection. Courtesy of Caleres After teasing fans with its Dr. Scholl’s collaboration, Favorite Daughter’s first full range of footwear is here. The debut shoe collection by cofounders and sisters Erin and Sara Foster features a range of styles including boots, pumps, loafers, flats, […]
Stuart Weitzman Swarovski pump Courtesy of brand Caleres has inked a deal to acquire Stuart Weitzman from Tapestry Inc. for $105 million. The move strengthens Caleres’ position in women’s fashion footwear, particularly in the contemporary segment of the market, while enabling Tapestry to focus on its Coach and Kate Spade brands. WWD and FN first […]
Caleres is lowering its yearly guidance following a reported sales below its expectations in the second quarter. According to the St. Louis-based footwear company, net sales in the second quarter of 2024 were $683.3 million, down 1.8 percent from $695.5 million in the second quarter of 2023. Net earnings in the period were 30.0 million, […]
Caleres is seeing progress towards its 2025 environmental, social, governance (ESG) goals, according to its new 2023 ESG report. Released on Tuesday, the new report touches on the St. Louis-based footwear company’s notable ESG achievements over the last year including the launch of the One Planet Standard, a designation for its products that meet the […]
Caleres is banking on its owned brands and the millennial family for its continued growth over the next few years. At its investor day on Thursday, the St. Louis-based footwear company gave an update into each of its business units and laid out its three-year strategic plan. This new roadmap focuses on four pillars including growing its […]
Caleres has promoted Natelle Baddeley to become the footwear company’s first chief design and product officer. She will report to Caleres president and CEO Jay Schmidt. In this new role, the company said in a statement that Baddeley will now have creative oversight for the majority of the Caleres brand portfolio, including Naturalizer, Vionic, Dr. Scholl’s, Veronica Beard, […]