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CALERES INC

15.50

-0.1200-0.77%

Post-market: 15.500.00000.00%16:05 EDT

Volume:573.12K

Turnover:8.82M

Market Cap:528.43M

PE:5.02

High:15.53

Open:15.52

Low:15.01

Close:15.62

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Overview Company News Filings

Caleres (NYSE:CAL) Has Announced A Dividend Of $0.07

Simply Wall St.

Calendar of U.S. Earnings Expected in the Week Ahead

Caleres Keeps Quarterly Dividend at $0.07 per Share, Payable April 11 to Shareholders of Record on March 27

MT Newswires Live

Press Release: Caleres Declares Regular Quarterly Dividend

Calendar of U.S. Earnings Expected in the Week Ahead

Mother, doctor, ex-inmates: Meet some unsung heroes in CNA series Extraordinary People

Press Release: Caleres to Announce Fourth Quarter 2024 Results on March 20

Capri may sell struggling Versace to Prada. That's boosting Capri's stock.

3 Reasons to Sell CAL and 1 Stock to Buy Instead

Are Options Traders Betting on a Big Move in Caleres (CAL) Stock?

The Trader: Tapestry Stock Looks Strong After Shoe Sale. Coach Bags Are Still Popular. -- Barron's

Tapestry Stock Looks Strong After Shoe Sale. Coach Bags Are Still Popular. -- Barrons.com

PRESS DIGEST - Wall Street Journal - Feb 20

Tapestry's Stuart Weitzman Sale Didn't Come as a Big Surprise -- Market Talk

Caleres Share up 4% After Co Announces Agreement to Acquire Stuart Weitzman Brand From Tapestry

THOMSON REUTERS

BUZZ-Footwear company Caleres up on Stuart Weitzman acquisition

Tapestry is selling Stuart Weitzman to focus on Coach, Kate Spade after Capri deal falls through

Tapestry pens pact to sell Stuart Weitzman brand to Caleres for $105 million in cash

Associated Press Finance

Caleres to Acquire Stuart Weitzman for $105 Million

MT Newswires Live

Tapestry is selling Stuart Weitzman footwear brand to Caleres to focus on Coach and Kate Spade

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This means the dividend yield will be fairly typical at 1.7%.While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Caleres' stock price has reduced by 30% in the last 3 months, which is not ideal for investors and can explain a sharp increase in the dividend yield.Unless the payments are sustainable, the dividend yield doesn't mean too much. However, prior to this announcement, Caleres' dividend was comfortably covered by both cash flow and earnings. As a result, a large proportion of what it earned was being reinvested back into the business.The company's investors will be pleased to have been receiving dividend income for some time. We are encouraged to see that Caleres has grown earnings per share at 54% per year over the past five years. 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Our products are available virtually everywhere - in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our 15 branded e-commerce sites, and on many additional third-party retail platforms. Combined, these brands make Caleres a company with both a legacy and a mission. Our legacy is our nearly 150 years of craftsmanship and our passion for fit, while our mission is to continue to inspire people to feel great... feet first. 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Following the announcement, company executives will host a conference call at 10 a.m. Eastern Time to discuss the results and provide a general business update. The earnings release was originally scheduled for March 19. However, the company has rescheduled to accommodate leadership participation in Nordstrom's Partners in Excellence Award event.Investors, Caleres associates, media, and the public are invited to join the call. Participants in North America can dial  704-4453, while international callers may use  389-0920; no passcode is required. To participate, please dial in a few minutes before the scheduled start time. The live webcast will also be accessible through Caleres' Investors page.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B19Z4B17.USD","IE00B7SZL793.SGD","CAL","BK4094","IE00B66KJ199.SGD","IE0031619046.USD"],"gpt_icon":0},{"id":"2516563994","title":"Capri may sell struggling Versace to Prada. That's boosting Capri's stock.","url":"https://stock-news.laohu8.com/highlight/detail?id=2516563994","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516563994?lang=en_us&edition=fundamental","pubTime":"2025-03-03 21:57","pubTimestamp":1741010220,"startTime":"0","endTime":"0","summary":"Deal would return Versace to Italian ownership after it was acquired by Michael Kors in 2018. Capri Holdings Ltd.'s stock soared 7.8% early Monday, after a report that the company is close to selling its Versace brand to Italian fashion company Prada SpA in a deal valued at 1.5 billion euros.The Italian family-owned Prada  has agreed to that price, Bloomberg reported, citing people familiar with the matter. Versace was founded by the late Gianni Versace in 1878 and is currently run by his sister Donatella.Capri , which is also home to the Michael Kors and Jimmy Choo brands, has been struggling to boost sales amid weak demand for Michael Kors bags and accessories. In February, the company predicted a shortfall next fiscal year with a rebound to follow.A planned $8.5 billion takeover by Tapestry Inc. , parent to Coach and Kate Spade, fell through in November, after a federal judge blocked the deal on the grounds it would hurt competition in the luxury-handbag industry.Tapestry said last ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0208291251.USD","BK1227","LU0128525689.USD","BK1502","BK1545","IE0031619046.USD","BK1577","CAL","IE00B7SZL793.SGD","LU0326950275.SGD","LU0181495838.USD","LU0070302665.USD","01913","PRDSY","LU0310800965.SGD","LU0320765489.SGD","IE00B19Z4B17.USD","BK4094","IE00B66KJ199.SGD","BK4585","LU0052756011.USD","BK4202","BK1602","CPRI","TPR","BK4516","BK4588","LU1267930227.SGD"],"gpt_icon":0},{"id":"2514325527","title":"3 Reasons to Sell CAL and 1 Stock to Buy Instead","url":"https://stock-news.laohu8.com/highlight/detail?id=2514325527","media":"StockStory","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514325527?lang=en_us&edition=fundamental","pubTime":"2025-02-28 17:05","pubTimestamp":1740733538,"startTime":"0","endTime":"0","summary":"Shareholders of Caleres would probably like to forget the past six months even happened. The stock dropped 59.8% and now trades at $16.98. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.Is there a buying opportunity in Caleres, or does it present a risk to your portfolio?Get the full stock story straight from our expert analysts, it’s free.Even though the stock has become cheaper, we're swiping left on Caleres for now. Here are three reasons why you should be careful with CAL and a stock we'd rather own.The owner of Dr. Scholl's, Caleres  is a footwear company offering a range of styles.Take advantage of the rebound by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175%","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/3-reasons-sell-cal-1-090538785.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["IE00B19Z4B17.USD","BK4094","IE0031619046.USD","IE00B66KJ199.SGD","IE00B7SZL793.SGD","CAL"],"gpt_icon":0},{"id":"2514704374","title":"Are Options Traders Betting on a Big Move in Caleres (CAL) Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2514704374","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514704374?lang=en_us&edition=fundamental","pubTime":"2025-02-26 02:00","pubTimestamp":1740506400,"startTime":"0","endTime":"0","summary":"Investors in Caleres, Inc. CAL need to pay close attention to the stock based on moves in the options market lately. That is because the Oct. 17, 2025 $42.5 Call had some of the highest implied volatility of all equity options today.Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.Clearly, options traders are pricing in a big move for Caleres shares, but what is the fundamental picture for the company?","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/options-traders-betting-big-move-180000823.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["IE00B19Z4B17.USD","BK4094","CAL","IE0031619046.USD","IE00B7SZL793.SGD","IE00B66KJ199.SGD"],"gpt_icon":0},{"id":"2513240283","title":"The Trader: Tapestry Stock Looks Strong After Shoe Sale. Coach Bags Are Still Popular. -- Barron's","url":"https://stock-news.laohu8.com/highlight/detail?id=2513240283","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2513240283?lang=en_us&edition=fundamental","pubTime":"2025-02-22 10:30","pubTimestamp":1740191400,"startTime":"0","endTime":"0","summary":"In the world of luxury bags, it isn't often that a star quarterback is a trendsetter. Yet when Philadelphia Eagles MVP Jalen Hurts' Super Bowl Sunday kit included a Coach Empire bag, it was the latest triumph for the brand. Its owner, Tapestry, is thriving too.Last April, the Federal Trade Commission sued to block Tapestry's purchase of Michael Kors owner Capri Holdings, with the deal ultimately falling apart six months later. At the time, Barron's argued that Tapestry would be just fine without the deal, while Capri shares could fall out of fashion. Since then, Tapestry stock has more than doubled, while Capri is down 25%.On Wednesday the company said Caleres -- owner of Famous Footwear and Naturalizer -- would buy Stuart Weitzman for $105 million in an all-cash deal set to close this summer. Tapestry CEO Joanne Crevoiserat said the move would allow Tapestry to \"maintain a sharp focus on our largest value-creation opportunities.\" The news comes less than two weeks after Tapestry's bea","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B66KJ199.SGD","BPOP","LU0070302665.USD","LU0128525689.USD","BK4211","CAL","IE00B7SZL793.SGD","TPR","IE00B19Z4B17.USD","LU0052756011.USD","BK4516","CPRI","LU1267930227.SGD","BK4585","BK4094","LU0310800965.SGD","BK4202","IE0031619046.USD","LU0208291251.USD","LU0320765489.SGD","BK4588"],"gpt_icon":0},{"id":"2513231771","title":"Tapestry Stock Looks Strong After Shoe Sale. Coach Bags Are Still Popular. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2513231771","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2513231771?lang=en_us&edition=fundamental","pubTime":"2025-02-21 14:30","pubTimestamp":1740119400,"startTime":"0","endTime":"0","summary":"In the world of luxury bags, it isn't often that a star quarterback is a trendsetter. Yet when Philadelphia Eagles MVP Jalen Hurts' Super Bowl Sunday kit included a Coach Empire bag, it was the latest triumph for the brand. Its owner, Tapestry, is thriving too.Last April, the Federal Trade Commission sued to block  Tapestry's purchase of Michael Kors owner Capri Holdings, with the deal ultimately falling apart six months later. At the time, Barron's argued that Tapestry would be just fine without the deal, while Capri shares could fall out of fashion. Since then, Tapestry stock has more than doubled, while Capri is down 25%.On Wednesday the company said Caleres -- owner of Famous Footwear and Naturalizer -- would buy Stuart Weitzman for $105 million in an all-cash deal set to close this summer. Tapestry CEO Joanne Crevoiserat said the move would allow Tapestry to \"maintain a sharp focus on our largest value-creation opportunities.\" The news comes less than two weeks after Tapestry's be","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4585","LU1267930227.SGD","BK4211","IE00B7SZL793.SGD","IE00B66KJ199.SGD","LU0208291251.USD","CAL","LU0070302665.USD","IE00B19Z4B17.USD","BK4094","CPRI","TPR","BPOP","LU0320765489.SGD","IE0031619046.USD","LU0310800965.SGD","LU0052756011.USD","LU0128525689.USD","BK4202","BK4516","BK4588"],"gpt_icon":0},{"id":"2512932654","title":"PRESS DIGEST - Wall Street Journal - Feb 20","url":"https://stock-news.laohu8.com/highlight/detail?id=2512932654","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512932654?lang=en_us&edition=fundamental","pubTime":"2025-02-20 14:00","pubTimestamp":1740031222,"startTime":"0","endTime":"0","summary":"PRESS DIGEST - Wall Street Journal - Feb 20Feb 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250220:nL3N3PB0EV:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["TRUMP.USD.CC","TPR","LU1334329650.SGD","LU1670711123.USD","NKLA","LU0477156797.USD","LU0553294199.USD","LU1670710588.SGD","LU2750360641.GBP","CAL","LU0820561818.USD","X","LU1244550577.SGD","IE0034235071.USD","IPG","LU0456854461.SGD","SGXZ23171101.USD","LU0127658192.USD","LU0265550946.USD","IE00B775H168.HKD","NKLAQ","LU1116320901.HKD","LU0724617625.USD","IE00B1BXHZ80.USD","IE00BFXG0V08.USD","DJT","LU1935042488.USD","LU2023250504.SGD","LU1691799644.USD","MSFT","LU1712237335.SGD","LU2237443895.HKD","LU1674673691.USD","LU1153585028.USD","LU0964807845.USD","IE00B19Z8W00.USD","BK4588","LU0149725797.USD","BK4592","RIO.AU","SGXZ51526630.SGD","LU0757359368.USD","LU1582986433.USD","RUM","IE00BN8TJ469.HKD","LU0170899867.USD","IE0034235303.USD","LU0234572021.USD","BK4149","RIO.UK","GLEN.UK"],"gpt_icon":1},{"id":"2512453436","title":"Tapestry's Stuart Weitzman Sale Didn't Come as a Big Surprise -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2512453436","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512453436?lang=en_us&edition=fundamental","pubTime":"2025-02-20 03:31","pubTimestamp":1739993460,"startTime":"0","endTime":"0","summary":"1431 ET - Tapestry's sale of its high-end Stuart Weitzman shoe business to Caleres is no surprise on Wall Street. The market had been speculating about a deal since Tapestry and Capri Holdings--owner of Versace, Jimmy Choo and Michael Kors--ended their merger plan in November. In November, Raymond James analysts said that Tapestry could be considering the sale of Stuart Weitzman, noting that it only represented 4% of its revenue due to its lagging performance and the lack of synergy to its overall portfolio. Tapestry shares barely moved after the news of the sale and are up 0.3% to $89.28. Caleres trades 4.6% higher at $17.25. ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4094","IE0031619046.USD","IE00B66KJ199.SGD","BK4202","LU0070302665.USD","LU0310800965.SGD","LU0208291251.USD","CPRI","LU0052756011.USD","BK4516","IE00B7SZL793.SGD","IE00B19Z4B17.USD","LU0320765489.SGD","TPR","BK4585","LU0128525689.USD","BK4588","LU1267930227.SGD","CAL"],"gpt_icon":0},{"id":"2512448788","title":"Caleres Share up 4% After Co Announces Agreement to Acquire Stuart Weitzman Brand From Tapestry","url":"https://stock-news.laohu8.com/highlight/detail?id=2512448788","media":"THOMSON REUTERS","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512448788?lang=en_us&edition=fundamental","pubTime":"2025-02-20 01:10","pubTimestamp":1739985051,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250219:nFWN3PA1EJ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IE00B7SZL793.SGD","IE0031619046.USD","BK4094","IE00B19Z4B17.USD","IE00B66KJ199.SGD","CAL"],"gpt_icon":0},{"id":"2512482771","title":"BUZZ-Footwear company Caleres up on Stuart Weitzman acquisition","url":"https://stock-news.laohu8.com/highlight/detail?id=2512482771","media":"Reuters","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512482771?lang=en_us&edition=fundamental","pubTime":"2025-02-20 01:08","pubTimestamp":1739984910,"startTime":"0","endTime":"0","summary":"BUZZ-Footwear company Caleres up on Stuart Weitzman acquisition** Dr Scholl's footwear owner Caleres' CAL.N shares up 4% at $17.17 ** CAL to buy Stuart Weitzman brand from Coach parent Tapestry TPR.N for $105 million in cash** TPR says the deal is expected to close in the summer of 2025, with Caleres aiming to fund it through the company's revolving credit agreement** TPR's Stuart Weitzman struggled during the holiday quarter due to weak luxury spending in North America and China** CAL fell 24.6% in 2024 and has risen 26.3% in 2025  ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250219:nL3N3PA132:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0208291251.USD","TPR","CAL","LU0070302665.USD","IE00B19Z4B17.USD","BK4202","BK4588","LU1267930227.SGD","IE00B7SZL793.SGD","IE00B66KJ199.SGD","LU0052756011.USD","BK4516","LU0320765489.SGD","LU0310800965.SGD","BK4094","BK4585","LU0128525689.USD","IE0031619046.USD"],"gpt_icon":0},{"id":"2512484880","title":"Tapestry is selling Stuart Weitzman to focus on Coach, Kate Spade after Capri deal falls through","url":"https://stock-news.laohu8.com/highlight/detail?id=2512484880","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512484880?lang=en_us&edition=fundamental","pubTime":"2025-02-20 00:24","pubTimestamp":1739982240,"startTime":"0","endTime":"0","summary":"In November, a judge backed the FTC's effort to block a merger of Tapestry and Michael Kors parent Capri. Tapestry Inc.'s stock fell 1.1% Wednesday after the company announced it is selling its Stuart Weitzman footwear brand to Caleres Inc. for $105 million in cash.Tapestry  will retain its two other brands - Coach and Kate Spade, both known for handbags, accessories and clothing. Caleres  is home to a portfolio of footwear brands, including Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic.The news comes just months after a federal judge blocked Tapestry's planned $8.5 billion acquisition of Michael Kors parent Capri Holdings Ltd. , agreeing with regulators that the deal would hurt competition in the handbag industry.Analysts overall agreed Tapestry was well positioned to go it alone, while Capri remains pressured by soft demand for Michael Kors bags.That move by the FTC, which had the support of nine attorneys general - from Arizona, California, Illinois, Maryland, ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","BK4585","LU1201861249.SGD","LU0130102774.USD","IE0031619046.USD","LU0070302665.USD","BK4533","KR","LU0648001328.SGD","CAL","LU0128525689.USD","LU0477156953.USD","CPRI","LU0312595415.SGD","LU0310800965.SGD","BK4504","BK4559","LU2275660780.HKD","RL","IE00B66KJ199.SGD","BK4532","LU0208291251.USD","BK4113","LU0052756011.USD","LU0980610538.SGD","ACI","LU0130517989.USD","LU0345770993.USD","TPR","BK4094","BK4516","BK4202","KATE","LU0320765489.SGD","IE00B19Z4B17.USD","LU1267930227.SGD","LU0302445910.USD","LU0345770308.USD","IE00B7SZL793.SGD","LU0006061336.USD"],"gpt_icon":0},{"id":"2512481856","title":"Tapestry pens pact to sell Stuart Weitzman brand to Caleres for $105 million in cash","url":"https://stock-news.laohu8.com/highlight/detail?id=2512481856","media":"Associated Press Finance","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512481856?lang=en_us&edition=fundamental","pubTime":"2025-02-19 23:49","pubTimestamp":1739980144,"startTime":"0","endTime":"0","summary":"NEW YORK  — Tapestry Inc. says it has penned an agreement to sell the Stuart Weitzman brand to Caleres, a portfolio of footwear brands for $105 million in cash.Tapestry said Wednesday that selling the brand would enable the fashion company to focus on sustaining the growth of Coach, while reinvigorating sales at Kate Spade. Meanwhile Caleres said that buying Stuart Weitzman would help accelerate sales, with the luxury brand being the lead label in its portfolio. It also owns such labels as Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic.“I have long admired Stuart Weitzman for the brand’s pivotal role in shaping the footwear industry,\" said Jay Schmidt, president and CEO of Caleres, in a statement. \"As we bring this iconic brand into the Caleres portfolio, we are committed to preserving its legacy of craftsmanship, quality and fit while driving it forward.”Tapestry and Caleres said the transaction is expected to close this summer, subject to customary closing condit","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/tapestry-pens-pact-sell-stuart-154904249.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["IE00B66KJ199.SGD","TPR","BK4094","CPRI","CAL","BK4006","IE0031619046.USD","IE00B19Z4B17.USD","AP","IE00B7SZL793.SGD"],"gpt_icon":0},{"id":"2512101299","title":"Caleres to Acquire Stuart Weitzman for $105 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2512101299","media":"MT Newswires Live","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512101299?lang=en_us&edition=fundamental","pubTime":"2025-02-19 21:00","pubTimestamp":1739970053,"startTime":"0","endTime":"0","summary":"Caleres (CAL) said Wednesday that it has signed a definitive agreement to acquire footwear brand Stuart Weitzman from fashion holding company Tapestry (TPR) for $105 million.The footwear company said ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0070302665.USD","TPR","BK4094","IE0031619046.USD","LU0128525689.USD","LU1267930227.SGD","LU0208291251.USD","BK4202","BK4516","IE00B7SZL793.SGD","LU0320765489.SGD","CAL","BK4585","IE00B19Z4B17.USD","BK4588","IE00B66KJ199.SGD","LU0310800965.SGD","LU0052756011.USD"],"gpt_icon":0},{"id":"2512104784","title":"Tapestry is selling Stuart Weitzman footwear brand to Caleres to focus on Coach and Kate Spade","url":"https://stock-news.laohu8.com/highlight/detail?id=2512104784","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512104784?lang=en_us&edition=fundamental","pubTime":"2025-02-19 20:52","pubTimestamp":1739969520,"startTime":"0","endTime":"0","summary":"Move comes just months after a judge backed FTC efforts to block a merger of Tapestry and Michael Kors parent Capri. Tapestry Inc.'s stock dipped premarket Wednesday, after the company announced it's selling its Stuart Weitzman footwear brand to Caleres Inc. for $105 million in cash.Tapestry  will retain its two other brands - Coach and Kate Spade, famous for handbags, accessories and clothing. Caleres  is home to a portfolio of footwear brands, including Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic.\"Importantly, as diligent stewards of our portfolio and disciplined allocators of capital, this transaction ensures that all our brands are positioned for long-term success and that we maintain a sharp focus on our largest value creation opportunities,\" Tapestry Chief Executive Joanne Crevoiserat said in prepared remarks.The news comes just months after a federal judge blocked Tapestry's planned $8.5 billion acquisition of Michael Kors parent Capri Holdings Ltd. , 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