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Caleres, Inc. (CAL)

  • Wed, Nov. 25, 10:09 AM
    • Caleres (CAL +6.4%) trades higher after the company bested Q3 profit estimates.
    • Sales were essentially flat from the year-ago period, while gross margin and operating margin slipped just a bit.
    • Caleres ended the quarter with an inventory position 4% below last year's level.
    | Wed, Nov. 25, 10:09 AM | Comment!
  • Tue, Nov. 24, 4:17 PM
    • Caleres (NYSE:CAL): Q3 EPS of $0.80 beats by $0.02.
    • Revenue of $728.6M (-0.1% Y/Y) misses by $12.9M.
    • Press Release
    | Tue, Nov. 24, 4:17 PM | Comment!
  • Mon, Nov. 23, 5:35 PM
  • Fri, Nov. 20, 11:47 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
    • A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
    • Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
    • The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
    • Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
    | Fri, Nov. 20, 11:47 AM | 2 Comments
  • Tue, Nov. 10, 8:31 PM
    • The headaches continue for a large part of the retail sector impacted by a slower pace of sales than anticipated this fall.
    • Warmer weather than normal have held back outerwear and winter clothing demand, while mall traffic continues to be underwhelming.
    • The high level of unsold inventory on shelves at retail chains is likely to lead to more promotions and discounts heading into the crucial Black Friday period, observes the WSJ. That trend could hurt manufacturers and sellers alike.
    | Tue, Nov. 10, 8:31 PM | 5 Comments
  • Fri, Oct. 23, 10:37 AM
    • Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
    • Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
    • Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
    • Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
    | Fri, Oct. 23, 10:37 AM | 28 Comments
  • Thu, Oct. 8, 11:06 AM
    • There are broad gains across the apparel and footwear sectors as investors take direction from Asia where a vibrant stock market rally in China and enthusiasm over the impact of the Trans-Pacific Partnership agreement has reset some expectations.
    • The positive vibe on Asia is also providing a lift to the sensitive personal products sector.
    • Gainers: Nike (NYSE:NKE) +1.6%, Deckers Outdoor (NYSE:DECK) +2.1%, Crocs (NASDAQ:CROX) +1.9%, VF Corp (NYSE:VFC) +1.5%, Steven Madden (NASDAQ:SHOO) +2.0%, Foot Locker (NYSE:FL) +2.4%, Caleres (NYSE:CAL) +1.9%, Iconix Brand Group (NASDAQ:ICON) +1.8%, Gildan Activewear (NYSE:GIL) +1.3%, Avon Products (NYSE:AVP) +2.9%, Coty (NYSE:COTY) +1.9%, Nu Skin (NYSE:NUS) +1.6%.
    • With major U.S. indexes all in negative territory, consumer products stocks are defying the trend. The S&P Retail ETF (NYSEARCA:XRT) is up 1.0%, the S&P Consumer Staples (NYSEARCA:XLP) is +0.4%, and the iShares Dow Jones US Consumer Goods ETF (NYSEARCA:IYK) is +0.6%.
    • Previously: Apparel stocks break out of the pack (Oct. 08 2015)
    | Thu, Oct. 8, 11:06 AM | Comment!
  • Thu, Aug. 27, 4:08 PM
    • Caleres (NYSE:CAL): Q2 EPS of $0.50 beats by $0.06.
    • Revenue of $637.8M (+0.3% Y/Y) misses by $9.35M.
    • Press Release
    | Thu, Aug. 27, 4:08 PM | Comment!
  • Wed, Aug. 26, 5:35 PM
  • Fri, Jun. 26, 10:07 AM
    • While Nike (NKE +4.5%) is doing yeoman-like work in supporting the Dow Jones Industrial Average, some other footwear/apparel stocks are ahead of market averages.
    • The group is being viewed as being in the right consumer market following a strong report from the Beaverton company.
    • Gainers: Iconix Brand Group (ICON +1.9%), Steven Madden (SHOO +1.8%), Under Armour (UA +0.6%), Hanesbrands (HBI +0.8%), Crocs (CROX +2.6%), Deckers Outdoor (DECK +1.2%), Skechers (SKX +0.4%), Wolverine Worldwide (WWW +1.5%), Caleres (CAL +2.2%), Genesco (GCO +2.3%), Shoe Carnival (SCVL +2.4%), Foot Locker (FL +2.4%).
    • The S&P Retail ETF (XRT +0.8%) is feeling the support from the athletic apparel and shoe stocks.
    • Previously: Nike beats by $0.15, beats on revenue (Jun. 25 2015)
    • Previously: Global futures at Nike top expectations (Jun. 25 2015)
    • Previously: Millennial demand underpins bright outlook for shoe stocks (Jun. 26 2015)
    | Fri, Jun. 26, 10:07 AM | 2 Comments
  • Wed, May 27, 7:48 AM
    • Brown Shoes (NYSE:BWS) reports revenue for Brand Portfolio grew 7.9% to $242.3M in Q1.
    • Revenue for Famous Footwear declined 1.8% to $360M.
    • Famous Footwear same-store sales were up 3.1%.
    • Gross margin rate increased 30 bps to 41.3%.
    • SG&A expense rate +20 bps to 36.3%.
    • Operating margin rate +10 bps to 5%.
    • Inventory -2.8% to $498.5M.
    • FY2015 Guidance: Net sales: $2.61B to $2.63B; Famous Footwear same-store sales: up low-single digits; Famous Footwear sales: flat; Brand Portfolio sales: up mid-single digits; Gross margin rate: +15 bps; SG&A: less than or equal to 35.4% of sales; Net interest expense: ~$18M; Tax rate: 30% to 33%; Diluted EPS: $1.84 to $1.94; D&A: ~$53M; Capex: ~$75M.
    | Wed, May 27, 7:48 AM | Comment!
  • Wed, May 27, 7:05 AM
    • Brown Shoe (NYSE:BWS): Q1 EPS of $0.44 beats by $0.08.
    • Revenue of $602.28M (+1.9% Y/Y) beats by $8.96M.
    • Press Release
    | Wed, May 27, 7:05 AM | Comment!
  • Tue, May 26, 5:30 PM
  • Sat, May 2, 2:00 PM
    • There's a vibrant rally ongoing with shoe stocks as some stars align for the sector.
    • Analysts have cited a consumer trend toward a higher spend in the category amid positive macroeconomic factors, while some relief with input costs (rubber) and foreign exchange swings (labor) has helped with margins.
    • Mark down athleisure and brand-loyal millennials as two other positive factors for shoe sellers.
    • The U.S. retail sneaker market is now worth close to $28B, according to Sneakernomics.
    • SportsOneSource pegs the international market at $55B and growing briskly.
    • In what could also be considered a sign of a strong retail segment, designer basketball shoes even have a sizzling secondary market.
    • The list of shoe companies - retail level and wholesalers - with shares that have outperformed the S&P 500 and the S&P Retail ETF over the last 90 days includes Columbia Sportswear (NASDAQ:COLM), Deckers Outdoor (NYSE:DECK), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Crocs (NASDAQ:CROX), Steve Madden (NASDAQ:SHOO), Brown Shoe (NYSE:BWS), Skechers (NYSE:SKX),  Finish Line (NASDAQ:FINL), Shoe Carnival (NASDAQ:SCVL), and Wolverine Worldwide (NYSE:WWW).
    • Under Armour (NYSE:UA) and Adidas (OTCQX:ADDYY) are also ahead of market averages over the same three-month period.
    • If an ETF of the shoe stocks listed above existed, it would have doubled up the return of the S&P 500 Index since January.
    | Sat, May 2, 2:00 PM | Comment!
  • Thu, Apr. 16, 2:58 PM
    • Brown Shoe (BWS +0.4%) is changing its name to Caleres, tips Footwear News.
    • The company also plans to launch a new men's footwear brand called Brown Shoe Bootmakers.
    • A meeting at Brown Shoe's headquarters to inform employees on the transitions is still underway
    | Thu, Apr. 16, 2:58 PM | Comment!
  • Tue, Mar. 17, 11:31 AM
    • Shoe stocks are higher after DSW impresses with its quarterly report and Foot Locker is tapped for more gains.
    • The sector has outperformed broad retail this year buoyed by strong demand for athletic shoes.
    • Previously: DSW +7% after impressive comp (Mar. 17 2015)
    • Previously: Foot Locker investment seen as a safer Nike bet (Mar. 17 2015)
    • Gainers: DSW +4.1%, Brown Shoe (NYSE:BWS) +3.1%, Steven Madden (NASDAQ:SHOO) +1.9%, Finish Line (NASDAQ:FINL) +1.1%, Foot Locker (NYSE:FL) +1.1%, Shoe Carnival (NASDAQ:SCVL) +1.1%.
    | Tue, Mar. 17, 11:31 AM | 6 Comments
Company Description
Caleres Inc is a footwear retailer and wholesaler. Its activities include the operation of retail shoe stores and e-commerce websites as well as the design, sourcing and marketing of footwear for women and men.