Caleres (CAL) 2025 Global Consumer & Retail Conference summary

Strategic highlights and business performance

• Direct-to-consumer sales exceed 70%, with Brand Portfolio at 45% and operations in 68 countries.

• Lead brands and DTC channels outperformed in Q2, with international growth at double digits.

• Stuart Weitzman acquisition completed in August, with integration ongoing through year-end.

• Sourcing from China reduced to below 15% in the back half of the year.

• $15 million in annualized structural cost savings targeted, with half realized in H2.

Market trends and consumer insights

• Market driven by newness and high-demand, differentiated brands.

• Four lead brands outperform and gain share; Famous Footwear sees best results from national and elevated brands.

• Authenticity and brand heat are key drivers for consumer choice.

Brand portfolio and growth opportunities

• Sam Edelman, Allen Edmonds, Naturalizer, and Vionic show strong performance and continued investment.

• Licensed contemporary brands like Vince and Veronica Beard are gaining traction and taking share from designer brands.

• Stuart Weitzman brings premium positioning and international strength, with integration and synergy work ongoing.