ADDED
As of February 28, 2026, 33,842,239 common shares were outstanding.
Information in this Form 10-K is current as of April 2, 2026, unless otherwise specified.
The Famous Footwear segment operated 821 stores at the end of 2025, selling primarily branded footwear for the entire family.
This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear primarily to online retailers, national chains, department stores, independent retailers, mass merchandisers and franchise partners, as well as Company-owned Famous Footwear, Sam Edelman, Naturalizer, Allen Edmonds and Stuart Weitzman stores and e-commerce businesses.
It includes the Allen Edmonds, Sam Edelman, Stuart Weitzman and Naturalizer retail stores, including 81 stores in the United States, four in Canada and 103 stores in East and Southeast Asia at the end of 2025, and the e-commerce businesses for our Company-owned brands.
In addition, t here were 148 international branded stores owned and operated by third parties through franchise agreements at the end of 2025.
The percentage of net sales attributable to each category is as follows: 2025 2024 2023 Women's footwear 61 % 60 % 61 % Men's footwear 21 % 21 % 21 % Children's footwear 12 % 12 % 12 % Clothing and accessories 6 % 7 % 6 % FAMOUS FOOTWEAR Our Famous Footwear segment, which is one of America s leading family-branded footwear retailers, was founded on a simple idea: that everyone deserves to feel the joy that comes from a new pair of shoes.
Brands carried at Famous Footwear include Nike, Skechers, adidas, Crocs, Converse, Birkenstock, HeyDude, New Balance, Puma, Jordan, Vans, Bearpaw, Asics, Brooks and Under Armour among others, as well as company-owned and licensed brands including Dr.
The breakdown by venue at the end of each of the last three fiscal years is as follows: 2025 2024 2023 Strip centers 539 552 562 Outlet malls 156 160 165 Regional malls 126 134 133 Total 821 846 860 We anticipate that we will open approximately 15 retail store locations and close approximately 25 in 2026.
In 2025, we spent approximately $58.2 million to advertise and market Famous Footwear to our target consumers, a portion of which was recovered from suppliers.
REMOVED
As of March 1, 2025, 33,612,063 common shares were outstanding.
Information in this Form 10-K is current as of April 1, 2025, unless otherwise specified.
The Famous Footwear segment operated 846 stores at the end of 2024, selling primarily branded footwear for the entire family.
This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear primarily to online retailers, national chains, department stores, independent retailers and mass merchandisers, as well as Company-owned Famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses.
It also includes the Sam Edelman, Naturalizer and Allen Edmonds retail stores, including 60 stores in the United States and 54 stores in East Asia at the end of 2024, and the e-commerce businesses for our Company-owned brands.
In addition, t here were 120 international branded stores owned and operated by third parties through franchise agreements at the end of 2024.
The percentage of net sales attributable to each category is as follows: 2024 2023 2022 Women's footwear 60 % 61 % 61 % Men's footwear 21 % 21 % 22 % Children's footwear 12 % 12 % 11 % Clothing and accessories 7 % 6 % 6 % In February 2025, we signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc.
Stuart Weitzman has been an iconic global luxury women s footwear brand for over 35 years.
The acquisition of Stuart Weitzman advances our strategic agenda to grow our Brand Portfolio segment with more global and direct-to-consumer reach.
The acquisition, which is expected to close in the summer of 2025, will be funded through our revolving credit agreement.