Caleres(CAL)2025-04-01 20:18Store Operations - The Famous Footwear segment operated 846 stores at the end of 2024, selling primarily branded footwear for the entire family[15]. - The company operated 114 retail stores at the end of 2024, up from 98 in 2023, with plans to open approximately five new Allen Edmonds stores and 13 net new Sam Edelman stores in 2025[44]. - The company anticipates opening approximately eight new retail store locations and closing about 18 in 2025[22]. - The company operates 60 retail stores in the U.S. and 54 in East Asia under the Brand Portfolio segment[15]. - The company has 120 international branded stores operated by third parties through franchise agreements at the end of 2024[15]. Sales and Revenue - Net sales for women's footwear accounted for 60% in 2024, while men's footwear represented 21%, children's footwear 12%, and clothing and accessories 7%[16]. - The Brand Portfolio segment sold approximately 32 million pairs of shoes on a wholesale basis during 2024, with licensed products accounting for about 14% of sales[42]. - The backlog of unfilled wholesale orders as of February 1, 2025, was approximately 234.5 million on February 3, 2024[53]. - The Famous Footwear segment's retail price points typically range from 300 for boots[19]. - Approximately 5% of Famous Footwear's net sales come from company-owned and licensed products sold by the Brand Portfolio segment[18]. Marketing and Advertising - Famous Footwear's marketing expenses in 2024 were approximately 78.3 million in advertising and marketing support for its Brand Portfolio segment in 2024[46]. Sourcing and Inventory - In 2024, the sourcing operations sourced approximately 244.7 million and 105 million, expected to close in summer 2025, enhancing the Brand Portfolio segment[16]. - The company anticipates expanding its Naturalizer presence in East Asia with the opening of approximately five new stores in 2025[44]. - The company anticipates expanding the Sam Edelman presence in East and Southeast Asia with approximately 13 net new stores in 2025[44]. - The company aims to achieve its responsible business goals by 2025, focusing on eco-conscious products and practices[59]. - The company is committed to responsible business initiatives, focusing on sustainable practices and waste elimination in manufacturing[58]. - The company aims to use environmentally preferred materials and ensure compliance with global labor standards in its supply chain[59]. - The business is seasonal, with higher sales during back-to-school and holiday seasons, although earnings distribution has become more balanced in recent years[64]. - The company competes in a highly fragmented market with various retail formats, including traditional stores and e-commerce[60]. - The company has a steering committee to manage responsible business goals and metrics, with a report expected in spring 2025[59]. Product Offerings - The Brand Portfolio segment includes a variety of owned and licensed brands, with products sold at various price points ranging from 2,995[26][29]. - The Favorite Daughter Shoes line is set to launch in Fall 2025, with price points ranging from 495[39].