Caleres announces retirement of Chief Accounting Officer

ST. LOUIS, MO – Caleres, Inc. (NYSE:CAL), a leading footwear company trading at $12.95 per share, announced today that Senior Vice President and Chief Accounting Officer Todd E. Hasty has decided to retire effective October 17, 2025. Hasty, who has served the company for nearly 22 years, will also step down from his role as the Principal Accounting Officer at the time of his retirement. According to InvestingPro data, the company’s stock has faced significant headwinds recently, trading near its 52-week low.

The company’s filing with the Securities and Exchange Commission on Friday confirmed that Hasty’s decision to retire is not due to any disagreement with the company’s operations, policies, practices, or any matters related to accounting or financial statements.

Caleres, formerly known as Brown Shoe Company, is headquartered in St. Louis, Missouri, and has a long history in the footwear industry. The company’s portfolio includes a diverse range of brands catering to various consumer needs.

Hasty’s departure marks the end of a long-standing tenure with the company, during which he played a crucial role in financial operations. Caleres has not yet announced a successor for the Chief Accounting Officer position.

The information for this report was obtained from a press release statement filed with the SEC.

In other recent news, Caleres Inc. reported its first-quarter 2025 financial results, revealing a challenging period marked by an earnings miss. The company’s earnings per share (EPS) came in at $0.22, falling short of the $0.37 forecast, while revenue was reported at $614.2 million, slightly below the expected $622.92 million. Caleres also faced a 6.8% year-over-year decline in revenue, reflecting broader retail sector challenges, including tariff uncertainties. As a result, the company suspended its full-year guidance. Despite these hurdles, Caleres observed positive momentum in its international and retail markets, and its Lead Brands, such as Famous Footwear and Allen Edmonds, performed well. The company is also set to finalize the addition of Stuart Weitzman as a Lead Brand in the summer of 2025. KeyBanc Capital Markets maintained a Sector Weight rating on Caleres, noting the long-term potential in its strategic brand positioning and international expansion, despite current pressures.

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