Coach parent Tapestry to sell Stuart Weitzman footwear brand for $105 million [CNBC]
Caleres, Inc. (CAL)
Last caleres, inc. earnings: 3/12 04:10 pm
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Source: CNBC
Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl's footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry said it was focused on driving growth for its organic business and had “significant runway ahead” following a derailed $8.5 billion merger deal with Michael Kors-owner Capri While Tapestry witnessed strong demand for Coach's Tabby handbags in the holiday quarter, Kate Spade and Stuart Weitzman struggled due to weak luxury spending in North America and China. Stuart Weitzman, which made up about 3.6% of the company's total annual revenue, reported an increase in full-year loss to $21.2 million from $6.7 million a year earlier. “Stuart Weitzman will be a lead brand for Caleres, and with this combination the brand portfolio segment will generate nearly half of our total revenue and will continue to generate over half of our operating profit,” said Caleres CEO Jay Schmidt. The brand
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CAL
News
- Caleres declares $0.07 dividend [Seeking Alpha]Seeking Alpha
- Caleres Declares Regular Quarterly DividendBusiness Wire
- Caleres Q3 profit plunges on margin pressure [Yahoo! Finance]Yahoo! Finance
- CAL Q3 CY2025 Deep Dive: Margin Pressures and Integration Challenges Weigh on Outlook [Yahoo! Finance]Yahoo! Finance
- Caleres Inc (CAL) Q3 2025 Earnings Call Highlights: Strong Brand Portfolio Growth Amidst Margin ... [Yahoo! Finance]Yahoo! Finance
CAL
Earnings
- 12/9/25 - Miss
CAL
Sec Filings
- 12/15/25 - Form 4
- 12/11/25 - Form 10-Q
- 12/9/25 - Form 8-K
- CAL's page on the SEC website