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Brian Costello Named Division President of Famous Footwear

1. Brian Costello appointed division president of Famous Footwear, effective immediately. 2. Costello's promotion may enhance merchandising strategies for CAL's footwear offerings.

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Why Bullish?

The leadership change is likely to positively influence operational strategy based on Costello's prior performance, similar to previous successful transitions within the company.

How important is it?

As leadership changes can significantly affect company direction and performance, this is of high relevance to CAL's current and future strategy.

Why Short Term?

The immediate effect of leadership changes typically manifests within quarterly performance and strategic direction, as seen in past transitions.

Related Companies

ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced Brian Costello has been named division president of Famous Footwear effective immediately. He will continue to report to Jay Schmidt, president and CEO of Caleres. Costello joined Caleres in February this year as chief merchandising officer where he assumed responsibility for all buying and merchandising, including women's, men's and kids' athletic and fashion footwear.

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