As of Aug 4, 2018, Caleres operated 1,241 stores, comprised of 1,008 Famous Footwear stores in all 50 states and Guam, and 233 specialty retail stores.
In fiscal 2017, the company opened 49 and closed 76 stores. In the first half of fiscal 2018, the compay closed 18 net Famous Footwear stores and 3 net specialty reatail stores. During fiscal 2018, the company expects to open approximately 25 Famous Footwear stores, to close 70 Famous Footwear stores, and to close 9 net specialty retail stores.
All stores are leased, with 49% of leases having renewal options. Famous Footwear stores average approximately 6,800 square feet and are located in strip centers, outlet malls and regional malls. Naturalizer stores in the US and Canada are located in regional malls (approximately 50%), with a few stores having street locations, averaging approximately 1,300 square feet, and outlet malls (50%) which average approximately 2,300 square feet. Allen Edmonds stores are all located in the US, with the exception of 1 store in Italy, and average approximately 1,600 square feet.
|Total gross square feet (M)||7,100||7,400||7,400||7,200||7,300||7,378|
|Total gross square feet growth||-4.1%||-0.2%||2.1%||-0.2%||-1.6%||-2.3%|
|Avg store gross sq ft||5,700||5,800||5,700||6,000||6,000||6,000|
|Avg store gross sq ft growth||-0.0%||1.9%||-4.1%||-0.4%||-0.5%||2.0%|