How Nike Alone May Be Saving Shoe Retailers
Wedbush has a very bullish perspective on North American shoe companies considering the Nike product pipeline.
Headquartered in Saint Louis, MO Fiscal year ends January NYSE: CAL caleres.com
Caleres is a consumer-driven footwear company operating a diversified portfolio of global footwear brands. The company operates through two primary segments: Famous Footwear, a national family footwear retail chain with approximately 814 company-operated stores, and Brand Portfolio, which houses owned brands including Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, and Vionic. Products are distributed through the company's ~1,000 retail stores, major department and specialty stores, branded e-commerce sites, and third-party retail websites. Direct-to-consumer sales represent approximately 71% of total net sales. The company acquired the Stuart Weitzman brand in fiscal 2025 and is integrating the luxury footwear business. Caleres has nearly 150 years of heritage in footwear craftsmanship and trades on the NYSE under the ticker CAL. Updated
Wedbush has a very bullish perspective on North American shoe companies considering the Nike product pipeline.
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Caleres is a consumer-driven footwear company operating a diversified portfolio of global footwear brands.
The Wall Street consensus 12-month price target for CAL is $17.00.