CALERES INC
For the period ended Feb 1, 2025. Filed Apr 1, 2025.
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FY2025 · Filed Apr 1, 2025
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Item 2. PROPERTIES
We own our principal executive, sales and administrative offices located in Clayton (“St. Louis”), Missouri.
Our retail operations, included in both our Famous Footwear and Brand Portfolio segments, are conducted throughout the United States, Canada, China and Guam and involve the operation of 960 retail stores. All store locations, excluding our Perth, Ontario outlet center, are leased, with approximately 32% of them having renewal options. The footwear sold through our domestic wholesale business is primarily processed through our leased distribution centers in Chino, California and Lebanon, Tennessee.
The following table summarizes the location and general use of the Company’s primary properties:
| | | | | | | |
|---|---|---|---|---|---|---|
| Location | Owned/Leased | Segment | Use | |||
| Clayton, Missouri | Owned | Famous Footwear and Brand Portfolio | Principal corporate, executive, sales and administrative offices | |||
| St. Louis, Missouri | | Leased | | Famous Footwear and Brand Portfolio | | Office space |
| United States, Canada, East Asia and Guam | Leased | Famous Footwear and Brand Portfolio | Retail operations | |||
| Chino, California (1) | Leased | Brand Portfolio | Distribution centers | |||
| Lebanon, Tennessee (2) | Leased | Famous Footwear and Brand Portfolio | Distribution center | |||
| Lebec, California (3) | Leased | Famous Footwear | Distribution center | |||
| New York, New York | Leased | Brand Portfolio | Office space and showrooms | |||
| Perth, Ontario (4) | Owned | Famous Footwear and Brand Portfolio | Distribution center and outlet center | |||
| Novato, California | Leased | Brand Portfolio | Office space | |||
| Dongguan, China | Leased | Brand Portfolio | Office space and sample-making facility | |||
| Santiago, Dominican Republic | Leased | Brand Portfolio | Manufacturing facility | |||
| Port Washington, Wisconsin | Leased | Brand Portfolio | Land | |||
| Port Washington, Wisconsin | Owned | Brand Portfolio | Manufacturing and recrafting facility, office space and warehouse |
| (1) | This campus includes two company-operated distribution centers with approximately 725,000 and 606,000 square feet at each respective location. |
| (2) | This distribution center is approximately 540,000 square feet. |
| (3) | This distribution center is approximately 350,000 square feet. |
| (4) | This distribution center is approximately 150,000 square feet. |
We also own a building in Denver, Colorado, which is leased to a third party, and undeveloped land in Colorado and New York. See Item 3,Legal Proceedings, for further discussion of certain of these properties.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.