CALERES INC

Caleres, Inc. (NYSE: CAL) operates as a global footwear company with a mission to inspire people to feel great through quality footwear and exceptional service. Founded in 1878 as Brown Shoe Company and incorporated in 1913, the company has evolved into a diversified retailer and wholesaler serving consumers across multiple price points and distribution channels. The company maintains its website at www.caleres.com.

The company operates through two primary reportable segments. The Famous Footwear segment comprises 821 retail stores located across 49 states, Canada, and Guam, along with e-commerce operations through famousfootwear.com and famousfootwear.ca. This segment functions as one of America's leading family-branded footwear retailers, offering trend-right branded and private-label footwear at accessible price points. The Brand Portfolio segment designs, develops, sources, manufactures, and distributes footwear through a carefully curated collection of owned and licensed brands, including Sam Edelman, Vionic, Naturalizer, Allen Edmonds, Stuart Weitzman, LifeStride, Franco Sarto, Rykä, Blowfish Malibu, Vince, and Veronica Beard. This segment operates 188 company-owned retail stores and 148 franchised locations internationally, along with 15 branded e-commerce websites. The Brand Portfolio segment also maintains wholesale operations serving approximately 1,900 retailers globally.

Net sales are distributed across four major categories: women's footwear representing 61 percent of sales, men's footwear at 21 percent, children's footwear at 12 percent, and clothing and accessories at 6 percent. The company employs approximately 10,000 people, including 5,000 full-time and 5,000 part-time employees. The Brand Portfolio segment sourced approximately 451 million dollars of shoes through a global network of approximately 49 manufacturers operating approximately 107 facilities, with Vietnam, China, and Cambodia representing the primary sourcing countries. The company maintains design and product development teams across multiple locations including Clayton, Missouri; New York; Novato, California; Port Washington, Wisconsin; and international fashion centers including Milan and Florence, Italy.