Footwear Specialist Caleres Acquires Stuart Weitzman Brand From Tapestry [Forbes]
Caleres, Inc. (CAL)
Last caleres, inc. earnings: 3/12 04:10 pm
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Source: Forbes
Tapestry just announced it has reached an agreement to sell the storied shoe brand Stuart Weitzman to Caleres . The acquisition should put Caleres, which specializes in footwear, over $3 billion in sales once the deal closes this summer. Caleres got it for the bargain price of $105 million in cash, a far cry from the $530 million Coach paid back in 2015. Coach is the leather goods brand that became Tapestry, which also owns Kate Spade. Stuart Weitzman never fit comfortably under Tapestry's leadership. In 2016, Stuart Weitzman generated $345 million and operated 75 stores. In 2024, it brought in only $241 million, despite growing its footprint to 94 stores, 34 in the U.S. and 60 internationally. PROMOTED It's a win/win for both companies. Stuart Weitzman finds a better fitting home and Tapestry can focus on its core mission to continue Coach's leather goods leadership and grow Kate Spade fashion brand. Tapestry Wins Tapestry's stock took a much needed bounce yesterday, ris
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News
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- Positive Signs As Multiple Insiders Buy Caleres Stock [Yahoo! Finance]Yahoo! Finance
- 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
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