Clearing ‘Aged’ Inventory, Stabilizing China Business Are Top Priorities for Caleres as it Aims to Breakeven on Stuart Weitzman in 2026
After finalizing its acquisition of Stuart Weitzman from Tapestry in August, Caleres management is focused on turning around the business in 2026. On the company’s third quarter conference call on Tuesday, Caleres president and chief executive officer Jay Schmidt walked analysts through what’s working and what’s not as Caleres moves toward bringing Stuart Weitzman to breakeven in 2026 and profitability thereafter. More from WWD “As many of you know, the brand under Tapestry ownership has been underperfor ...