Caleres, Inc.

Caleres, Inc.

Caleres, Inc.

Overview
Date Founded

1913

Headquarters

8300 Maryland Avenue,St. Louis, MO 63105

Type of Company

Public

Employees (Worldwide)

11.5K

Industries

Retail: Apparel & Footwear
Retail: Other
Industrial Machinery & Manufacturing
Wholesale: Consumer Non-Durables/Sundries
Apparel & Footwea

Company Description

Caleres, Inc. engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men. The Other segment covers corporate assets, administrative expenses, other costs, and recoveries that are not allocated to the operating units. The company was founded by George Warren Brown in 1878 and is headquartered in St. Louis, MO.

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In The News
Business Wire
December 12, 2019
Caleres Regular Quarterly Dividend
SEC
December 11, 2019
Caleres, Inc. filed form 10-Q
Business Wire
November 25, 2019
Caleres Reports Third Quarter 2019 Results
The New York Times
November 3, 2019
Jennie Sears, Zachary Fried
Executives & Employees

Chief Executive Officer, President & Chairman of the Board

Senior Vice President & Chief Financial Officer

Senior Vice President & Chief Information Officer

Vice President, Chief Accounting Officer

Chief Human Resources Officer

Division President, Sam Edelman

Division President, Global Supply Chain

President, Brand Portfolio

Division President, Men's & International

Division President, Famous Footwear

Board of Directors

Former Chief Operating Officer at Kellwood Co. LLC

Vice Chairman at MediaLink LLC

Chief Marketing Officer at Magic Leap, Inc.

Former President & Chief Executive Officer at Nestlé Purina PetCare Co.

Former Chief Executive Officer at Edgewell Personal Care Company

Professor of Practice at George Washington University - Trachtenberg School of Public Policy and Public Administration

Professor at University of Washington

Chief Compliance Officer Vice President-Audit at Emerson Electric Co.

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Caleres, Inc.
Owners & Shareholders
Details Hidden

Paradigm Capital Management's (PCM) investment approach is based on the belief that the equity markets are inefficient and that investor psychology and sentiment have a significant impact on short-term pricing. The firm believes that extensive academic research supports the firm's opinion that these phenomena are especially prevalent in the smaller end of the market capitalization spectrum. PCM conducts disciplined fundamental research to identify mispriced small-cap equities whose short-term pricing does not accurately reflect the true earning potential of the company. PCM looks for what they feel are high-quality companies that are trading at discounts to their assessment of intrinsic value. The firm offers 7 strategies which are primarily offered to clients as investable products: Micro-Cap, Small-Cap, SMid-Cap, Value, Growth & Income, High Net Worth and Defensive.

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Dalton, Greiner, Hartman, Maher & Co. (DGHM) is a fundamental, value-driven, equity investment manager that employs a disciplined approach to purchase high quality companies at compelling valuations. The firm combines the use of quantitative tools with rigorous fundamental analysis to generate excess returns with managed risk. DGHM emphasizes intensive security analysis and strict valuation disciplines in structuring portfolios.DGHM's investment process begins by defining the universe of potential equity securities based on the market-cap guidelines for each product. The firm uses a proprietary multi-factor model that ranks their universe of equity securities by sector on valuation, profitability and capital efficiency. They then use a fundamental approach based on evaluation of historical financial data, regulatory filings, press releases, transcripts and company meetings to determine which securities warrant further due diligence. Once a security is selected DGHM develops an internal financial model and conducts valuation analysis. The firm will sell a stock if their multi-factor model indicated that an acceptable trade-off of valuation and profitability no longer exists, if the company's fundamentals are deteriorating or if the stock consistently underperforms its peer group.

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Monarch Partners Asset Management employs a value-oriented investment approach to make long-only investments in the stocks of small-cap companies. The firm's investment philosophy is based on a value discipline, focused internal research and risk aversion. They seek to identify undervalued companies that possess catalysts with the potential to enhance shareholder value, while avoiding value traps. Monarch Partners Asset Management employs a proprietary bottom-up research process that is comprised of 90% fundamental research and 10% quantitative analysis. The firm attempts to mitigate risk through diversification, daily monitoring of portfolio exposures and the utilization of a strict sell discipline.

Recent Transactions
Details Hidden

Caleres, Inc. purchases Vionic Group LLC from Alpine Investors

Details Hidden

Caleres, Inc. purchases Blowfish Direct LLC

Details Hidden

Caleres, Inc. purchases Allen Edmonds LLC from Brentwood Associates

Transaction Advisors
Legal Advisor

Advised onCaleres, Inc. purchases American Sporting Goods Corp.

Escrow Agent

Advised onCaleres, Inc. purchases Vionic Group LLC from Alpine Investors

Investment Advisor

Advised onCaleres, Inc. purchases Vionic Group LLC from Alpine Investors

Legal Advisor

Advised onCaleres, Inc. purchases Vionic Group LLC from Alpine Investors

Legal Advisor

Advised onCaleres, Inc. purchases Vionic Group LLC from Alpine Investors

Investment Advisor

Advised onCaleres, Inc. purchases Bennett Footwear Group LLC from Bico, Inc., New Heritage Capital LLC, Bryan Cave LLP, Pentland USA, Inc.

Advisors & Consultants
Real Estate Agent

Executive Managing Director, Brokerage at Newmark Knight Frank

Legal Advisor

Senior Partner at Bryan Cave LLP

Advisor

Former President, Brown Shoe New York Wholesale at Caleres, Inc.

Clients

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Kohl's Corp. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores. Its stores offer apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.

In 1969, the Detroit-based J.L. Hudson Company merged with the Dayton Corporation to form the Dayton-Hudson Corporation

Key Stats and Financials As of 2019
Market Capitalization
$901M
Total Enterprise Value
$1.74B
Earnings Per Share
$-0.13
Revenue
$2.83B
Debt TEV
0.31x
Enterprise Value Sales
0.61x
Total Equity
$635M
Total Debt
$533M
EBITDAMargin
6.39%
Enterprise Value EBITDAOperating
9.61x
TEVNet Income
-319.89x
EBITDA
$181M
Net Profit
$-5.44M
Three Year Compounded Annual Growth Rate Of Revenue
3.23%
Five Year Compounded Annual Growth Rate Of Revenue
2.44%
Non-Profit Donations & Grants
$25K - $50K
2010
$25K - $50K
2009
Investments
Details Hidden

Jack Erwin, Inc. engages in the design, manufacture, and sale of shoes for men. It operates as an online shoe retailer. The company was founded by Guillaume Bertrand, Ariel Nelson and Lane Gerson in October 2013 and is headquartered in New York, NY.

Suppliers
Adidas AG Other Consumer Durables | Herzogenaurach, Bayern

Adidas AG engages in design, distribution and marketing of athletic and sporting lifestyle products. It operates through the following segments: Western Europe, NorthAmerica, Greater China, Russia or CIS, Latin America, Japan, MiddleEast, South Korea, Southeast Asia orPacific, TaylorMade-adidas Golf, Reebok-CCM Hockey, Runtastic, and Other Centrally Managed Businesses. The TaylorMade-adidas Golf segment includes designs, develops, and distributes primarily golf clubs, balls and accessories. The Reebok-CCM Hockey segment engages in designs, produces, and distributes ice hockey equipment such as sticks, skates, and protection gear. The Runtastic segment provides a comprehensive ecosystem for tracking and managing health and fitness data. The Other Centrally Managed Brands segment involves in the business activities of labels Y-3 and Porsche Design Sport by adidas. The company was founded by Adolf Dassler in 1920 and is headquartered in Herzogenaurach, Germany.

Nike, Inc. Other Business & Consulting Services | Beaverton, Oregon

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

Deckers Outdoor Corp. Apparel & Footwear | Goleta, California

Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer. The UGG Brand segment offers a line of premium footwear, apparel, and accessories. The HOKA Brand segment sells footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight, originally designed for ultra-runners. The Teva Brand segment focuses on the sport sandal and modern outdoor lifestyle category, such as sandals, shoes, and boots. The Sanuk Brand segment originated in Southern California surf culture and has emerged into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. The Other Brands segment includes the Koolaburra by UGG brand. The Direct-to-Consumer segment comprises of retail stores and e-commerce websites. The company was founded by Douglas B. Otto in 1973 and is headquartered in Goleta, CA.

Competitors
Steven Madden Ltd. Apparel & Footwear - Long Island City, NY

Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women's, men's, girl's and children's footwear. The Wholesale Accessories segment comprises of branded and private label handbags; belts and small leather goods; and cold weather and selected other fashion accessories. The Retail segment distributes branded women's, men's and children's footwear, accessories, and licensed products to consumers. The First Cost segment earns commissions and design fees for serving as a buying agent of footwear products to mass-market merchandisers, mid-tier department stores,and other retailers with respect to their purchase of footwear. The Licensing segment licenses its trademarks for use in connection with the manufacture, marketing, and sale of outerwear, hosiery, active wear, sleepwear, jewellery, watches, hair accessories, umbrellas, bedding, luggage, and men's leather accessories. The company was founded by Steven L. Madden on July 9, 1990 and is headquartered in Long Island City, NY.

Wolverine World Wide, Inc. Apparel & Footwear - Rockford, MI

Wolverine World Wide, Inc. engages in the designing, manufacturing, licensing and marketing of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel. It operates through the following three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group and Wolverine Heritage Group. The Wolverine Outdoor & Lifestyle Group segment brands include Merrell, Cat, Hush Puppies, and Chaco. The Wolverine Boston Group segment brands include Sperry, Saucony, and Keds. The Wolverine Heritage Group segment brands include Wolverine, Bates, Harley-Davidson, and HyTest. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.

Designer Brands, Inc. Retail: Apparel & Footwear - COLUMBUS, OH

Designer Brands, Inc. engages in the design, production, and retail of footwear and accessory brands. It operates through the following segments: U.S. Retail, Canada Retail, Brand Portfolio, and Others. The U.S. Retail segment focuses on stores operated in the U.S. under the DSW Designer Shoe Warehouse banner and its related e-commerce site. The Canada Retail segment comprises stores operated in Canada under The Shoe Company, Shoe Warehouse, and DSW Designer Shoe Warehouse banners and related e-commerce sites. The Brand Portfolio segment includes sales from wholesale, First Cost, and direct-to-consumer e commerce sites. The Other segment refers to the ABG and Ebuys business. The company was founded on January 20, 1969 and is headquartered in Columbus, OH.

Awards & Honors
Rank #824
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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