Caleres Announces CFO Transition

Core Viewpoint - Caleres has appointed Dan Karpel as interim chief financial officer following the departure of Jack Calandra, with the company beginning an external search for a permanent successor [1][3] Group 1: Leadership Changes - Dan Karpel has been appointed as interim CFO, effective immediately, succeeding Jack Calandra who is leaving for other opportunities [1] - Karpel has over 30 years of accounting and finance experience, having previously served as CFO for various companies [2] - The company expressed confidence in Karpel's familiarity with Caleres and his financial expertise to ensure a smooth transition [3] Group 2: Financial Outlook - Caleres is currently evaluating the impact of the Saks Global bankruptcy, which may lead to sales volatility and a potential $0.06 risk to fourth quarter earnings per diluted share guidance [3] - The company may incur unexpected restructuring charges, but the sales and earnings outlook for the fourth quarter and fiscal 2025 remains in line with previous guidance [3] Group 3: Company Overview - Caleres is a leading portfolio of global footwear brands, including Famous Footwear, Sam Edelman, and Stuart Weitzman, with nearly 1,000 retail stores and a strong online presence [4] - The company has a legacy of nearly 150 years in craftsmanship and a mission to inspire people to feel great, focusing on fit [4]