Caleres Inc (ticker symbol: CAL) is a leading international footwear corporation based in Clayton, Missouri. Formally known as Brown Shoe Company, the firm was rebranded to its current name in 2015 to reflect a broader business model. Spanning over a century of operation in the shoemaking industry, Caleres Inc boasts a rich history tracing back to 1878. As of now, the company employs over 11,000 associates globally while operating over 1,200 retail stores in the U.S and maintaining its presence in the e-commerce domain.
Caleres operates through two major divisions: Famous Footwear, which offers nationally recognized brand name shoes for the value-oriented customer, and Brand Portfolio, responsible for designing, sourcing, and marketing compelling footwear to retailers worldwide.
The company’s portfolio is comprised of a wide range of globally recognized footwear brands. These include Sam Edelman, Allen Edmonds, Vince, Naturalizer, Franco Sarto, Dr. Scholl’s Shoes, LifeStride, Circus by Sam Edelman, Ryka, and Zodiac. With such an extensive lineup, Caleres caters to a diverse market segment ranging from children’s shoes to athleisure styles and luxury footwear.
Caleres has always been committed to creating and driving value through innovation, strategic acquisitions, cultivating brand authenticity, and delivering outstanding services. This dedication has put it on a growth trajectory enabling the company to evolve into an industry leader with a worldwide footprint.
Despite various challenges faced during the COVID-19 pandemic, the company showed resilience, pivoting strategically towards the e-commerce platform to accommodate the drastic shift in consumer behavior, and managed to strengthen its digital presence significantly.
Caleres further exemplifies its commitment to sustainability by launching eco-friendly footwear solutions, reducing its carbon footprint, and engaging in responsible sourcing. With such initiatives, the company demonstrates its commitment to maintaining ethical and sustainable practices while generating shareholder value.
As of the fiscal year 2020, Caleres Inc. reported annual revenue of $2.14 billion and holds a prominent position in the American footwear industry. As it progresses, the company continues to focus on optimizing its product assortment, capitalizing its iconic brands, and improving operational efficiency to maximize its growth potential. In conclusion, Caleres represents an enduring legacy of quality shoemaking, combined with an innovative, forward-thinking business approach.