logo
Favorite Daughter Launches First Shoe Collection in Partnership with Caleres

Favorite Daughter Launches First Shoe Collection in Partnership with Caleres

Yahoo12-02-2025

Collection launches in Fall 2025
NEW YORK, February 12, 2025--(BUSINESS WIRE)--Caleres (NYSE: CAL) and Favorite Daughter today announced an exclusive license agreement for Favorite Daughter's first shoe line. Caleres will exclusively produce the brand's women's shoes starting with the Fall 2025 season. The partnership follows a collaboration between Caleres portfolio brand, Dr. Scholl's, and Favorite Daughter dropping in May 2025.
Centric Brands, which co-owns the brand in a joint venture with Erin and Sara Foster, is working to build the Foster sisters' modern, clean and distinct style into a powerful global lifestyle brand.
"The Favorite Daughter brand has built a tremendous following through the honesty and humor of Erin and Sara coupled with the high-quality and design of the apparel collection. To build off this successful foundation, we felt the time was right to launch a new category in footwear to help broaden the reach of the brand. We chose a partner in Caleres that has the expertise in design, scale, and global reach to bring our vision to life and to continue to drive growth," said Jason Rabin, CEO of Centric Brands.
"We had a lot of conversations about which category Favorite Daughter should venture into next, and we are so excited that it is shoes," said Erin and Sara Foster. "We have become a brand that is known for quality and shoes will be no exception. These are the shoes we want and need in our own closets."
"Favorite Daughter is a new brand that is connecting culture to content and fashion," said Jay Schmidt, president and CEO of Caleres. "The brand has incredible momentum and a very strong point of view, and we felt that from our first meeting. I'm continually impressed by our design and product team at Caleres, and this partnership illustrates that we have become the chosen partner for another leading, contemporary, fashion brand and game-changing entrepreneurs."
Erin and Sara Foster, working closely with Natelle Baddeley, Caleres SVP and chief design and product officer, conceptualized the line from the point of view of a capsule versus collection posture rooted in the essentialism ethos of the Favorite Daughter brand overall. Favorite Daughter Shoes is a tightly curated assortment from soft construction timeless/boyish loafers, quilted low profile sneakers, chic ballets, t-strap/refined heeled pumps and boots featuring timeless buckles on removable straps to provide styling options. The capsule collection is crafted in soft nappas, exotic leathers, satins, velvets and subtle suedes and will feature a cushioned footbed using athletic grade foams not typically found in dress shoes.
Favorite shoes will retail from $195 to $495 and will be available at FavoriteDaughter.com, in Favorite Daughter stores and at select better department stores.
About Favorite Daughter
Launched in 2020 by Erin Foster and Sara Foster in partnership with Centric Brands, Favorite Daughter is a contemporary lifestyle brand based in Los Angeles. A digital-first brand, the collection features trend-right fashion, denim and closet staples with a focus on long-lasting quality. The brand can be found at favoritedaughter.com and select retailers nationwide as well as Favorite Daughter's first boutique in Beverly Hills.
About Centric Brands LLC
Centric Brands LLC is a global leading lifestyle brand collective that has unparalleled expertise in product design, development and sourcing, retail and digital commerce, marketing, and brand building. Centric designs, sources, markets, and sells high-quality products in the kids, men's and women's apparel, accessories, beauty, and entertainment categories. The company's portfolio includes licenses for more than 100 iconic brands, including Calvin Klein®, Tommy Hilfiger®, Nautica®, and Under Armour® in the kid's category; Buffalo®, Hervé Léger®, IZOD® and Joe's Jeans® in the men's and women's apparel category; All Saints®, Coach®, Frye®, Hunter®, Kate Spade®, Michael Kors®, and Vince® in the accessories category; and in the Sports & Entertainment category, Disney®, Marvel®, Messi®, Nickelodeon®, and Warner Brothers® among many others. The company also owns and operates Avirex®, Fiorelli®, Hudson®, Robert Graham®, and Taste Beauty® and operates joint venture brands, Favorite Daughter, Jennifer Fisher, and Preston Lane. The company's products are sold through leading mass-market retailers, specialty and department stores, and online. The company is headquartered in New York City, with U.S. offices in Los Angeles and Greensboro, and international offices in Asia, Europe, Montreal, and Toronto. Centric Brands' social impact efforts are centered around our commitment to serve and uplift the communities where we live and do business. Through our collective volunteerism and contributions, we are dedicated to making a caring and lasting impact on the world around us.
For more information about Centric Brands, please visit www.centricbrands.com.
About Caleres
Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere - in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-commerce sites, and on many additional third-party retail websites. Combined, these brands make Caleres a company with both a legacy and a mission. Our legacy is our more than 140 years of craftsmanship and our passion for fit, while our mission is to continue to inspire people to feel great… feet first. Visit caleres.com to learn more about us.
About the Favorite Daughter x Dr. Scholl's Collaboration
In advance of the full line for Fall 2025, Favorite Daughter joins the lineup of brands that have collaborated with the iconic Dr. Scholl's Shoes. The collaboration capsule, which features the first ever kitten heel version of Dr. Scholl's iconic Original Sandal and a fashion take on the brand's viral Time Off sneaker, will debut in May 2025. The capsule is highlighted by special materials and details, including croco, hair-calf, and brogue detailing. Dr. Scholl's Shoes x Favorite Daughter will retail for $225 (sandal) and $150 (sneaker) and be available at DrSchollsShoes.com, FavoriteDaughter.com and in Favorite Daughter stores in early May 2025.
"When we were in ninth grade, there was nothing cooler than wearing a pair of Dr. Scholl's slides," Erin and Sara Foster recall. "We designed a fresh take on one of our favorite looks so fans of both brands can get that feeling too."
"True to Dr. Scholl's and Favorite Daughter, this collab is the perfect blend of originality and self-expression with that just-right touch of nostalgia," said Katie Moore, VP of design for Dr. Scholl's Shoes. "I absolutely love the fresh take on our OG sandal as a kitten heel. The special details make these the next signature favorite in everyone's closet."
View source version on businesswire.com: https://www.businesswire.com/news/home/20250212534573/en/
Contacts
Investor Contact Liz Dunnldunn@caleres.com
Media Contact Kelly Malonekmalone@caleres.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Barclays Remains a Hold on HEICO (HEI)
Barclays Remains a Hold on HEICO (HEI)

Business Insider

timean hour ago

  • Business Insider

Barclays Remains a Hold on HEICO (HEI)

Barclays analyst David E. Strauss maintained a Hold rating on HEICO (HEI – Research Report) on May 30 and set a price target of $280.00. Confident Investing Starts Here: E. Strauss covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and ATI. According to TipRanks, E. Strauss has an average return of 9.9% and a 62.93% success rate on recommended stocks. In addition to Barclays, HEICO also received a Hold from Wells Fargo's Matthew Akers in a report issued on May 30. However, on May 29, Jefferies maintained a Buy rating on HEICO (NYSE: HEI). Based on HEICO's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.03 billion and a net profit of $167.96 million. In comparison, last year the company earned a revenue of $896.36 million and had a net profit of $114.7 million Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HEI in relation to earlier this year. Most recently, in April 2025, Julie Neitzel, a Director at HEI sold 700.00 shares for a total of $172,361.00.

Rubrik, Inc. Class A (RBRK) Receives a Buy from Barclays
Rubrik, Inc. Class A (RBRK) Receives a Buy from Barclays

Business Insider

timean hour ago

  • Business Insider

Rubrik, Inc. Class A (RBRK) Receives a Buy from Barclays

In a report released on May 30, Saket Kalia from Barclays maintained a Buy rating on Rubrik, Inc. Class A (RBRK – Research Report), with a price target of $105.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Kalia covers the Technology sector, focusing on stocks such as Adobe, Autodesk, and PTC. According to TipRanks, Kalia has an average return of 16.7% and a 64.69% success rate on recommended stocks. In addition to Barclays, Rubrik, Inc. Class A also received a Buy from Guggenheim's John Difucci in a report issued on May 27. However, on May 15, Mizuho Securities downgraded Rubrik, Inc. Class A (NYSE: RBRK) to a Hold. Based on Rubrik, Inc. Class A's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $258.1 million and a GAAP net loss of $114.89 million. In comparison, last year the company earned a revenue of $175.01 million and had a GAAP net loss of $97.5 million Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBRK in relation to earlier this year. Most recently, in April 2025, Ravi Mhatre, a Director at RBRK sold 13,213.00 shares for a total of $832,154.74.

Earnings To Watch: Dollar General (DG) Reports Q1 Results Tomorrow
Earnings To Watch: Dollar General (DG) Reports Q1 Results Tomorrow

Yahoo

time2 hours ago

  • Yahoo

Earnings To Watch: Dollar General (DG) Reports Q1 Results Tomorrow

Discount retailer Dollar General (NYSE:DG) will be announcing earnings results tomorrow before market open. Here's what investors should know. Dollar General met analysts' revenue expectations last quarter, reporting revenues of $10.3 billion, up 4.5% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts' expectations significantly and a significant miss of analysts' EPS estimates. Is Dollar General a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Dollar General's revenue to grow 3.5% year on year to $10.26 billion, slowing from the 6.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.49 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dollar General has missed Wall Street's revenue estimates three times over the last two years. Looking at Dollar General's peers in the non-discretionary retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Sprouts delivered year-on-year revenue growth of 18.7%, beating analysts' expectations by 1.4%, and BJ's reported revenues up 4.8%, falling short of estimates by 0.6%. Sprouts's stock price was unchanged after the resultsand BJ's price followed a similar reaction. Read our full analysis of Sprouts's results here and BJ's results here. There has been positive sentiment among investors in the non-discretionary retail segment, with share prices up 9.8% on average over the last month. Dollar General is up 6.1% during the same time and is heading into earnings with an average analyst price target of $95.68 (compared to the current share price of $97.86). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store