10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549 

FORM 10-Q 

(Mark One)

[X]	Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  For the quarterly period endedAugust 1, 2015
[  ]	Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  For the transition period from  _____________  to  _____________

Commission file number: 1-2191 

CALERES, INC. (Exact name of registrant as specified in its charter)
New York (State or other jurisdiction of incorporation or organization)	43-0197190 (IRS Employer Identification Number)
8300 Maryland Avenue St. Louis, Missouri (Address of principal executive offices)	63105 (Zip Code)
(314) 854-4000 (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes  þ    No¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  þ   No¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer þ	Accelerated filer ¨
Non-accelerated filer ¨	Smaller reporting company ¨
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). 

Yes  ¨    Noþ

As ofAugust 28, 2015, 43,711,795 common shares were outstanding.

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PART I FINANCIAL INFORMATION

ITEM 1 FINANCIAL STATEMENTS

CALERES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
	(Unaudited)
($ thousands)	August 1, 2015			August 2, 2014			January 31, 2015
Assets
Current assets
Cash and cash equivalents	$	129,345		$	46,876		$	67,403
Restricted cash	41,482			—			—
Receivables, net	144,213			125,484			136,646
Inventories, net	641,128			657,656			543,103
Prepaid expenses and other current assets	41,002			39,167			43,744
Total current assets	997,170			869,183			790,896
Other assets	146,727			134,779			141,586
Goodwill	13,954			13,954			13,954
Intangible assets, net	118,783			122,808			120,633
Property and equipment	444,674			437,364			438,696
Allowance for depreciation	(293,835		)	(289,006		)	(288,953		)
Net property and equipment	150,839			148,358			149,743
Total assets	$	1,427,473		$	1,289,082		$	1,216,812
Liabilities and Equity
Current liabilities
Current portion of long-term debt	$	39,157		$	—		$	—
Trade accounts payable	382,626			341,694			215,921
Other accrued expenses	156,106			159,152			181,162
Total current liabilities	577,889			500,846			397,083
Other liabilities
Long-term debt	200,000			199,104			199,197
Deferred rent	40,981			36,560			39,742
Other liabilities	39,375			43,320			39,168
Total other liabilities	280,356			278,984			278,107
Equity
Common stock	437			437			437
Additional paid-in capital	136,127			135,930			138,957
Accumulated other comprehensive income	3,027			16,641			2,712
Retained earnings	428,754			355,574			398,804
Total Caleres, Inc. shareholders’ equity	568,345			508,582			540,910
Noncontrolling interests	883			670			712
Total equity	569,228			509,252			541,622
Total liabilities and equity	$	1,427,473		$	1,289,082		$	1,216,812

See notes tocondensedconsolidated financial statements.

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CALERES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
	(Unaudited)
	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands, except per share amounts)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Net sales	$	637,834		$	635,877		$	1,240,117		$	1,227,039
Cost of goods sold	375,039			376,235			728,796			725,056
Gross profit	262,795			259,642			511,321			501,983
Selling and administrative expenses	227,061			228,340			445,251			441,955
Operating earnings	35,734			31,302			66,070			60,028
Interest expense	(4,345		)	(5,125		)	(8,808		)	(10,431		)
Loss on early extinguishment of debt	(8,690		)	—			(8,690		)	—
Interest income	238			109			542			185
Earnings before income taxes	22,937			26,286			49,114			49,782
Income tax provision	(6,074		)	(8,247		)	(12,860		)	(16,267		)
Net earnings	16,863			18,039			36,254			33,515
Net earnings (loss) attributable to noncontrolling interests	38			(25		)	168			22
Net earnings attributable to Caleres, Inc.	$	16,825		$	18,064		$	36,086		$	33,493
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.77
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.76
Dividends per common share	$	0.07		$	0.07		$	0.14		$	0.14

See notes tocondensedconsolidated financial statements.

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CALERES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
	(Unaudited)						(Unaudited)
	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Net earnings	$	16,863		$	18,039		$	36,254		$	33,515
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment	(949		)	244			443			1,131
Pension and other postretirement benefits adjustments	(243		)	(33		)	(458		)	(56		)
Derivative financial instruments	547			(723		)	330			(1,110		)
Other comprehensive (loss) income, net of tax	(645		)	(512		)	315			(35		)
Comprehensive income	16,218			17,527			36,569			33,480
Comprehensive income (loss) attributable to noncontrolling interests	37			(28		)	171			7
Comprehensive income attributable to Caleres, Inc.	$	16,181		$	17,555		$	36,398		$	33,473

See notes tocondensedconsolidated financial statements.

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CALERES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
	(Unaudited)
	Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014
Operating Activities
Net earnings	$	36,254		$	33,515
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	17,500			17,162
Amortization of capitalized software	6,140			6,392
Amortization of intangible assets	1,850			1,976
Amortization of debt issuance costs and debt discount	617			1,257
Loss on early extinguishment of debt	8,690			—
Share-based compensation expense	3,680			2,961
Tax benefit related to share-based plans	(2,838		)	(2,097		)
(Gain) loss on disposal of property and equipment	(1,897		)	772
Impairment charges for property and equipment	857			725
Deferred rent	1,239			(2,033		)
Provision for doubtful accounts	100			48
Changes in operating assets and liabilities, net of dispositions:
Receivables	(7,668		)	3,655
Inventories	(98,445		)	(109,619		)
Prepaid expenses and other current and noncurrent assets	(11,633		)	(2,845		)
Trade accounts payable	166,786			114,874
Accrued expenses and other liabilities	(21,952		)	1,696
Other, net	1,975			(1,948		)
Net cash provided by operating activities	101,255			66,491
Investing Activities
Purchases of property and equipment	(24,872		)	(23,511		)
Proceeds from disposal of property and equipment	7,111			—
Capitalized software	(2,698		)	(2,714		)
Acquisition of trademarks	—			(65,065		)
Net cash used for investing activities	(20,459		)	(91,290		)
Financing Activities
Borrowings under revolving credit agreement	86,000			456,000
Repayments under revolving credit agreement	(86,000		)	(463,000		)
Proceeds from issuance of 2023 senior notes	200,000			—
Redemption of 2019 senior notes	(160,700		)	—
Restricted cash	(41,482		)	—
Debt issuance costs	(3,650		)	—
Dividends paid	(6,135		)	(6,110		)
Acquisition of treasury stock	(4,921		)	—
Issuance of common stock under share-based plans, net	(4,428		)	(523		)
Tax benefit related to share-based plans	2,838			2,097
Net cash used for financing activities	(18,478		)	(11,536		)
Effect of exchange rate changes on cash and cash equivalents	(376		)	665
Increase (decrease) in cash and cash equivalents	61,942			(35,670		)
Cash and cash equivalents at beginning of period	67,403			82,546
Cash and cash equivalents at end of period	$	129,345		$	46,876

See notes tocondensedconsolidated financial statements.

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CALERES, INC. 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1 Basis of Presentation

The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the United States Securities and Exchange Commission (“SEC”) and reflect all adjustments and accruals of a normal recurring nature, which management believes are necessary to present fairly the financial position, results of operations, comprehensive income and cash flows of Caleres, Inc. These statements, however, do not include all information and footnotes necessary for a complete presentation of the Company's consolidated financial position, results of operations, comprehensive income and cash flows in conformity with accounting principles generally accepted in the United States. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries, after the elimination of intercompany accounts and transactions. 

The Company’s business is seasonal in nature due to consumer spending patterns, with higher back-to-school and Christmas holiday season sales. Traditionally, the third fiscal quarter accounts for a substantial portion of the Company’s earnings for the year. Interim results may not necessarily be indicative of results which may be expected for any other interim period or for the year as a whole. 

Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications did not affect net earnings attributable to Caleres, Inc. 

For further information, refer to the consolidated financial statements and footnotes included in the Company's Annual Report on Form 10-K for the year ended January 31, 2015.

Note 2 Impact of New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606).  The ASU supersedes the revenue recognition requirements in Accounting Standards Codification (“ASC”) 605, Revenue Recognition.  The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized, based upon the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The guidance also requires additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.   In August 2015, the FASB subsequently issued ASU 2015-14, Revenue from Contracts with Customers - Deferral of the Effective Date, that approved a one year deferral of ASU 2014-09 for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2016.  The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented as a direct deduction from the associated debt liability in the balance sheet, consistent with the presentation of debt discounts. The amortization of debt issuance costs will continue to be reported as interest expense in the statement of earnings. The recognition and measurement guidance for debt issuance costs are not affected by ASU 2015-03. The ASU, which is to be applied on a retrospective basis and reported as a change in accounting principle, is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 will not affect the Company’s results of operations or cash flows, but it will require the Company to reclassify its deferred financing costs from other assets to borrowings under revolving credit agreement and long-term debt on a retrospective basis upon adoption in the first quarter of fiscal 2016. The Company's condensed consolidated balance sheets included deferred financing costs of $7.6 million, $5.3 million and $6.4 million as of August 1, 2015, August 2, 2014 and January 31, 2015, respectively, that will be subject to the ASU.

In May 2015, the FASB issued ASU 2015-07, Disclosures for Investments in Certain Entities that Calculate Net Asset Value Per Share (or its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy investments for which fair values are estimated using the net asset value practical expedient provided by ASC 820, Fair Value Measurement. Disclosures about investments in certain entities that calculate net asset value per share are limited under ASU 2015-07 to those investments for which the entity has elected to estimate the fair value using the net asset value practical expedient. The ASU is

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effective for fiscal years, and interim periods within those years, beginning after December 15, 2015, with retrospective application to all periods presented. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, which requires entities to measure inventory at "the lower of cost and net realizable value", simplifying the current guidance under which entities must measure inventory at the lower of cost or market. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Subsequent measurement is unchanged for inventory measured using LIFO. The ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

Note 3 Dispositions

On December 12, 2014, Caleres Investment Company, Inc. ("CIC") (formerly known as Brown Shoe Investment Company, Inc.), the sole shareholder of Shoes.com, Inc. ("Shoes.com"), simultaneously entered into and closed a Stock Purchase Agreement by and among CIC and an affiliate of ShoeMe Technologies Limited ("the Purchaser"), pursuant to which the Purchaser acquired all of the outstanding capital stock, inventory and other assets of Shoes.com from CIC and the Company agreed to provide certain transition services. The aggregate purchase price of the sale was $15.0 million, subject to working capital and other adjustments. The Company received $4.4 million in cash and a $7.5 million face value secured convertible note ("convertible note") at closing, from the sale of stock, the sale of inventory and other assets, and the provision of transitional services, less working capital adjustments. The convertible note requires installments over four years with the first payment of $1.25 million due on July 1, 2017 and quarterly installments of $0.6 million thereafter, plus accrued interest, until it matures on December 12, 2019. Interest accrues at an annual rate of 6% until December 11, 2016, 7% until December 11, 2017, 8% until December 11, 2018, and 9% until the maturity date. The principal and outstanding accrued interest is convertible into common stock of the Purchaser at a conversion price of CAD 21.50 per share, at the Company's option, or automatically upon a qualified initial public offering ("IPO") by the Purchaser at the IPO price. The fair value of the convertible note of $7.1 million at August 1, 2015 is included in other assets on the condensed consolidated balance sheets. Interest income of $0.1 million and $0.2 million for the thirteen weeks and twenty-six weeks ended August 1, 2015, respectively, is included in interest income on the condensed consolidated statements of earnings.

The operating results of Shoes.com were included in the Famous Footwear segment in continuing operations through December 12, 2014. The operations of Shoes.com were not significant to the Famous Footwear segment or the Company's financial results. In accordance with ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which the Company adopted during the third quarter of 2014, the financial position and operating results of Shoes.com were not classified as a discontinued operation as the disposition did not represent a strategic shift resulting in a major impact on the Company's operations or financial results.

During the thirteen weeks ended August 1, 2015, the Company recognized a discrete tax benefit of $1.2 million related to the disposition of Shoes.com. Refer to Note 13 to the condensed consolidated financial statements for further information.

Note 4 Earnings Per Share

The Company uses the two-class method to compute basic and diluted earnings per common share attributable to Caleres, Inc. shareholders. In periods of net loss, no effect is given to the Company’s participating securities since they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted earnings per common share attributable to Caleres, Inc. shareholders for the periods ended August 1, 2015 and August 2, 2014:

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	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands, except per share amounts)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
NUMERATOR
Net earnings	$	16,863		$	18,039		$	36,254		$	33,515
Net (earnings) loss attributable to noncontrolling interests	(38		)	25			(168		)	(22		)
Net earnings allocated to participating securities	(544		)	(669		)	(1,195		)	(1,262		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	16,281		$	17,395		$	34,891		$	32,231
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	42,325			42,074			42,319			41,980
Dilutive effect of share-based awards	123			202			136			218
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	42,448			42,276			42,455			42,198
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.77
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.76

Options to purchase 61,497 shares of common stock for the thirteen and twenty-six weeks endedAugust 1, 2015 and 64,497 shares of common stock for the thirteen and twenty-six weeks endedAugust 2, 2014 were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive.

Note 5 Long-term and Short-term Financing Arrangements

Credit Agreement 

On December 18, 2014, the Company and certain of its subsidiaries (the “Loan Parties”) entered into a Fourth Amended and Restated Credit Agreement, which was further amended on July 20, 2015 to release all of the Company’s subsidiaries that were borrowers under or that guaranteed the Credit Agreement other than Sidney Rich Associates, Inc. and BG Retail, LLC (as so amended, the “Credit Agreement”). After giving effect to the amendment, the Company is the lead borrower, and Sidney Rich Associates, Inc. and BG Retail, LLC are each co-borrowers and guarantors under the Credit Agreement. The Credit Agreement matures on December 18, 2019 and provides for a revolving credit facility in an aggregate amount of up to $600.0 million, subject to the calculated borrowing base restrictions, and provides for an increase at the Company’s option by up to $150.0 million from time to time during the term of the Credit Agreement, subject to satisfaction of certain conditions and the willingness of existing or new lenders to assume the increase.

Borrowing availability under the Credit Agreement is limited to the lesser of the total commitments and the borrowing base ("Loan Cap"), which is based on stated percentages of the sum of eligible accounts receivable, eligible inventory and eligible credit card receivables, as defined, less applicable reserves. Under the Credit Agreement, the Loan Parties’ obligations are secured by a first-priority security interest in all accounts receivable, inventory and certain other collateral.

Interest on borrowings is at variable rates based on the London Interbank Offered Rate (“LIBOR”) or the prime rate, as defined in the Credit Agreement, plus a spread. The interest rate and fees for letters of credit vary based upon the level of excess availability under the Credit Agreement. There is an unused line fee payable on the unused portion under the facility and a letter of credit fee payable on the outstanding face amount under letters of credit.

The Credit Agreement limits the Company’s ability to create, incur, assume or permit to exist additional indebtedness and liens, make investments or specified payments, give guarantees, pay dividends, make capital expenditures and merge or acquire or sell assets. In addition, certain additional covenants would be triggered if excess availability were to fall below specified levels, including fixed charge coverage ratio requirements. Furthermore, if excess availability falls below 12.5% of the Loan Cap for

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three consecutive business days or an event of default occurs, the lenders may assume dominion and control over the Company’s cash (a “cash dominion event”) until such event of default is cured or waived or the excess availability exceeds such amount for 30 consecutive days, provided that a cash dominion event shall be deemed continuing (even if an event of default is no longer continuing and/or excess availability exceeds the required amount for 30 consecutive business days) after a cash dominion event has occurred and been discontinued on two occasions in any twelve month period.

The Credit Agreement contains customary events of default, including, without limitation, payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to other material indebtedness, certain events of bankruptcy and insolvency, judgment defaults in excess of a certain threshold, the failure of any guaranty or security document supporting the agreement to be in full force and effect, and a change of control event. In addition, if the excess availability falls below the greater of (i) 10.0% of the lesser of the Loan Cap and (ii) $50.0 million, and the fixed charge coverage ratio is less than 1.0 to 1.0, the Company would be in default under the Credit Agreement. The Credit Agreement also contains certain other covenants and restrictions. We were in compliance with all covenants and restrictions under the Credit Agreement as of August 1, 2015. 

At August 1, 2015, the Company had no borrowings outstanding and $6.3 million in letters of credit outstanding under the Credit Agreement. Total borrowing availability was $593.7 million at August 1, 2015.   

$200 Million Senior Notes Due 2019 

On May 11, 2011, the Company issued $200.0 million aggregate principal amount of 7.125% Senior Notes due 2019 (the “2019 Senior Notes”). The 2019 Senior Notes were guaranteed on a senior unsecured basis by each of its subsidiaries that was an obligor under the Credit Agreement. Interest on the 2019 Senior Notes was payable on May 15 and November 15 of each year. The 2019 Senior Notes were scheduled to mature on May 15, 2019 but were callable at the redemption prices (expressed as a percentage of principal amount) set forth below plus accrued and unpaid interest, if redeemed during the 12-month period beginning on May 15 of the years indicated below:

Year	Percentage
2015	103.563	%
2016	101.781	%
2017 and thereafter	100.000	%

On July 20, 2015, the Company commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding aggregate principal amount of its 2019 Senior Notes. Upon expiration of the Tender Offer on July 24, 2015, $160.7 million aggregate principal amount of the 2019 Senior Notes (or 80.35% of the aggregate principal amount of the 2019 Senior Notes outstanding) were validly tendered. As of August 1, 2015, $41.5 million of restricted cash is included in the condensed consolidated balance sheets, representing deposits with the trustee for the redemption of the remaining outstanding 2019 Senior Notes. During the thirteen weeks ended August 1, 2015, the Company recognized a loss on the early extinguishment of the 2019 Senior Notes of $8.7 million, which represents the tender offer and call premiums, and the unamortized debt issuance costs and original issue discount associated with the portion of the 2019 Senior Notes that were redeemed. 

Subsequent Event- Redemption of 2019 Senior Notes - On August 26, 2015, the Company redeemed the remaining outstanding $39.3 million aggregate principal amount of outstanding 2019 Senior Notes at the redemption price of 103.563% and recognized an additional loss on early extinguishment of $2.0 million, comprised of the call premium and the associated unamortized debt issuance costs and original issue discount.

$200 Million Senior Notes Due 2023

On July 27, 2015, the Company issued $200.0 million aggregate principal amount of 6.25% Senior Notes due 2023 (the "2023 Senior Notes") in a private placement. The 2023 Senior Notes are guaranteed on a senior unsecured basis by each of the Company's subsidiaries that is a borrower or guarantor under the Credit Agreement. Interest on the 2023 Senior Notes is payable on February 15 and August 15 of each year, beginning on February 15, 2016. The 2023 Senior Notes will mature on August 15, 2023.  Prior to August 15, 2018, the Company may redeem some or all of the 2023 Senior Notes at a redemption price equal to 100% of the the principal amount of the 2023 Senior Notes plus a "make-whole" premium (as defined in the 2023 Senior Notes indenture) and accrued and unpaid interest to the redemption date.  After August 15, 2018, the Company may redeem all or a part of the 2023 Senior Notes at the redemption prices (expressed as a percentage of principal amount) set forth below plus accrued and unpaid interest, and Additional Interest (as defined in the 2023 Senior Notes indenture), if redeemed during the 12-month period beginning on August 15 of the years indicated below:

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Year	Percentage
2018	104.688	%
2019	103.125	%
2020	101.563	%
2021 and thereafter	100.000	%

If the Company experiences specific kinds of changes of control, it would be required to offer to purchase the 2023 Senior Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest and Additional Interest, if any, to, but not including, the date of repurchase.

The 2023 Senior Notes also contain certain other covenants and restrictions that limit certain activities including, among other things, levels of indebtedness, payments of dividends, the guarantee or pledge of assets, certain investments, common stock repurchases, mergers and acquisitions and sales of assets. As of August 1, 2015, we were in compliance with all covenants and restrictions relating to the 2023 Senior Notes.

The net proceeds from the issuance of the 2023 Senior Notes were approximately $196.3 million after deducting fees and expenses associated with the offering. The Company used the net proceeds, together with cash on hand, to redeem the outstanding 2019 Senior Notes.

Note 6 Business Segment Information

During the fourth quarter of 2014, following the sale of Shoes.com, the Company revised its reportable segments. This change reflects the Company's omnichannel approach to managing its branded footwear business across all distribution channels.

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended August 1, 2015 and August 2, 2014.  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended August 1, 2015
External sales	$	395,873	$	241,961	$	—		$	637,834
Intersegment sales	—		32,962		—			32,962
Operating earnings (loss)	27,672		16,005		(7,943		)	35,734
Segment assets	608,353		540,582		278,538			1,427,473
Thirteen Weeks Ended August 2, 2014
External sales	$	404,069	$	231,808	$	—		$	635,877
Intersegment sales	—		36,134		—			36,134
Operating earnings (loss)	25,524		17,497		(11,719		)	31,302
Segment assets	597,262		555,042		136,778			1,289,082
Twenty-six Weeks Ended August 1, 2015
External sales	$	755,893	$	484,224	$	—		$	1,240,117
Intersegment sales	—		50,288		—			50,288
Operating earnings (loss)	55,632		27,065		(16,627		)	66,070
Twenty-six Weeks Ended August 2, 2014
External sales	$	770,795	$	456,244	$	—		$	1,227,039
Intersegment sales	—		56,684		—			56,684
Operating earnings (loss)	52,254		28,700		(20,926		)	60,028

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The Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments.  

Following is a reconciliation of operating earnings to earnings before income taxes:   

	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Operating earnings	$	35,734		$	31,302		$	66,070		$	60,028
Interest expense	(4,345		)	(5,125		)	(8,808		)	(10,431		)
Loss on early extinguishment of debt	(8,690		)	—			(8,690		)	—
Interest income	238			109			542			185
Earnings before income taxes	$	22,937		$	26,286		$	49,114		$	49,782

Note7 Goodwill and Intangible Assets

Goodwill and intangible assets attributable to the Company's operating segments were as follows:

($ thousands)	August 1, 2015			August 2, 2014			January 31, 2015
Intangible Assets
Famous Footwear	$	2,800		$	3,000		$	2,800
Brand Portfolio	183,068			183,068			183,068
Total intangible assets	185,868			186,068			185,868
Accumulated amortization	(67,085		)	(63,260		)	(65,235		)
Total intangible assets, net	118,783			122,808			120,633
Goodwill
Brand Portfolio	13,954			13,954			13,954
Total goodwill	13,954			13,954			13,954
Goodwill and intangible assets, net	$	132,737		$	136,762		$	134,587

Intangible assets consist primarily of owned and licensed trademarks, of which $20.8 million as of August 1, 2015 and January 31, 2015 and $21.0 million as of August 2, 2014, are not subject to amortization. The remaining intangible assets are subject to amortization and have useful lives ranging from 15 to 40 years as of August 1, 2015. Amortization expense related to intangible assets was $0.9 million and $1.0 million for the thirteen weeks and $1.9 million and $2.0 million for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively. 

On February 3, 2014, the Company entered into and simultaneously closed an Asset Purchase Agreement (the “Asset Purchase Agreement”), pursuant to which the Company acquired the Franco Sarto trademarks.  As consideration, the Company paid a cash purchase price of $65.0 million at the time of closing.  As a result of entering into and closing the Asset Purchase Agreement, the Company’s license agreement, granting the Company the right to sell footwear and other products using the Franco Sarto trademarks through 2019, was terminated.  The purchase price of $65.0 million, as well as transaction costs of $0.1 million, are being amortized over its useful life of 40 years. 

In December 2014, in conjunction with the disposition of Shoes.com as further described in Note 3 to the condensed consolidated financial statements, the Company sold intangible assets with a carrying value of $0.2 million. The intangible assets were previously included in the Famous Footwear segment.

Note8 Shareholders’ Equity

The following tables set forth the changes in Caleres, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively:

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($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests		Total Equity
Equity at January 31, 2015	$	540,910		$	712	$	541,622
Net earnings	36,086			168		36,254
Other comprehensive income	315			3		318
Dividends paid	(6,135		)	—		(6,135		)
Acquisition of treasury stock	(4,921		)	—		(4,921		)
Issuance of common stock under share-based plans, net	(4,428		)	—		(4,428		)
Tax benefit related to share-based plans	2,838			—		2,838
Share-based compensation expense	3,680			—		3,680
Equity at August 1, 2015	$	568,345		$	883	$	569,228

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity at February 1, 2014	$	476,699		$	663		$	477,362
Net earnings	33,493			22			33,515
Other comprehensive loss	(35		)	(15		)	(50		)
Dividends paid	(6,110		)	—			(6,110		)
Issuance of common stock under share-based plans, net	(523		)	—			(523		)
Tax benefit related to share-based plans	2,097			—			2,097
Share-based compensation expense	2,961			—			2,961
Equity at August 2, 2014	$	508,582		$	670		$	509,252

Accumulated Other Comprehensive Income

The following table sets forth the changes in accumulated other comprehensive income by component for the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014:

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($ thousands)	Foreign Currency Translation			Pension and Other Postretirement Transactions (1)			Derivative Financial Instrument Transactions (2)			Accumulated Other Comprehensive Income (Loss)
Balance May 2, 2015	$	647		$	3,018		$	7		$	3,672
Other comprehensive (loss) income before reclassifications	(949		)	—			625			(324		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(401		)	(109		)	(510		)
Tax provision	—			158			31			189
Net reclassifications	—			(243		)	(78		)	(321		)
Other comprehensive (loss) income	(949		)	(243		)	547			(645		)
Balance August 1, 2015	$	(302	)	$	2,775		$	554		$	3,027
Balance May 3, 2014	$	3,243		$	13,559		$	351		$	17,153
Other comprehensive income (loss) before reclassifications	244			—			(761		)	(517		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive (loss) income	—			(59		)	55			(4		)
Tax provision (benefit)	—			26			(17		)	9
Net reclassifications	—			(33		)	38			5
Other comprehensive income (loss)	244			(33		)	(723		)	(512		)
Balance August 2, 2014	$	3,487		$	13,526		$	(372	)	$	16,641
Balance January 31, 2015	$	(745	)	$	3,233		$	224		$	2,712
Other comprehensive income before reclassifications, net of tax	443			—			365			808
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(758		)	(38		)	(796		)
Tax provision	—			300			3			303
Net reclassifications	—			(458		)	(35		)	(493		)
Other comprehensive income (loss)	443			(458		)	330			315
Balance August 1, 2015	$	(302	)	$	2,775		$	554		$	3,027
Balance February 1, 2014	$	2,356		$	13,582		$	738		$	16,676
Other comprehensive income (loss) before reclassifications	1,131			—			(1,094		)	37
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(101		)	(23		)	(124		)
Tax provision	—			45			7			52
Net reclassifications	—			(56		)	(16		)	(72		)
Other comprehensive income (loss)	1,131			(56		)	(1,110		)	(35		)
Balance August 2, 2014	$	3,487		$	13,526		$	(372	)	$	16,641

(1) Amounts reclassified are included in selling and administrative expenses. See Note 10 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.

13

(2) Amounts reclassified are included in net sales, costs of goods sold and selling and administrative expenses. See Notes 11 and 12 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

Note 9 Share-Based Compensation

The Company recognized share-based compensation expense of $2.0 million and $1.4 million during the thirteen weeks and $3.7 million and $3.0 million during the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively.

The Company issued 20,163 and 62,117 shares of common stock during the thirteen weeks and 364,842 and 514,242 during the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively, for stock-based awards, stock options exercised and directors' fees.

The following tables summarize restricted stock activity for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended August 1, 2015					Thirteen Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
May 2, 2015	1,462,416		$	18.57	May 3, 2014	1,652,258		$	15.58
Granted	8,000		31.67		Granted	8,800		28.02
Forfeited	(15,000	)	16.04		Forfeited	(27,600	)	15.73
Vested	(59,800	)	11.61		Vested	(34,988	)	16.67
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60

	Twenty-six Weeks Ended August 1, 2015					Twenty-six Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
January 31, 2015	1,562,470		$	15.61	February 1, 2014	1,700,098		$	13.25
Granted	293,421		30.11		Granted	279,710		28.17
Forfeited	(49,850	)	19.51		Forfeited	(27,600	)	15.73
Vested	(410,425	)	14.15		Vested	(353,738	)	14.25
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60

All of the restricted shares granted during the thirteen weeks ended August 1, 2015 and August 2, 2014 will vest in four years. Of the 293,421 restricted shares granted during the twenty-six weeks ended August 1, 2015, 280,921 will vest in four years and 12,500 of the shares will vest in five years. Of the 279,710 restricted shares granted during the twenty-six weeks ended August 2, 2014, 277,910 will vest in four years and the remaining 1,800 restricted shares vested in one year. Share-based compensation expense is recognized on a straight-line basis over the respective vesting periods.

During the thirteen weeks ended August 1, 2015 and August 2, 2014, the Company granted no performance share awards. During the twenty-six weeks ended August 1, 2015 and August 2, 2014, the Company granted performance share awards for a targeted 177,921 shares and 88,185 units, respectively, with a weighted-average grant date fair value of $30.12 and $28.18, respectively. Vesting of performance-based awards is dependent upon the financial performance of the Company and the attainment of certain financial goals during the three year period following the grant. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of specified financial goals for the service period. Compensation expense is being recognized based on the fair value of the award and the anticipated number of units to be awarded in accordance with the vesting schedule of the units over the three-year service period. The performance share units are settled in cash and their fair value is based on the unadjusted quoted market price for the Company’s common stock on each measurement date.

14

During the thirteen and twenty-six weeks ended August 1, 2015, the Company granted zero and 16,667 stock options, respectively, with a weighted-average grant date fair value of $29.18. Of the 16,667 stock options granted, 8,333 will vest in four years and 8,334 will vest in five years.

The following tables summarize restricted stock unit (RSU) activity for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended August 1, 2015				Thirteen Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
May 2, 2015	331,698	$	30.51	May 3, 2014	347,216	$	23.96
Granted (1)	36,740	31.68		Granted (1)	39,476	28.73
August 1, 2015	368,438	$	31.44	August 2, 2014	386,692	$	40.88

	Twenty-six Weeks Ended August 1, 2015				Twenty-six Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
January 31, 2015	330,994	$	28.72	February 1, 2014	346,305	$	21.30
Granted (1)	37,444	31.69		Granted (1)	40,387	28.68
August 1, 2015	368,438	$	31.21	August 2, 2014	386,692	$	26.43

(1) Granted RSUs include 740 RSUs and 911 RSUs for the thirteen weeks and 1,444 RSUs and 1,687 RSUs for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively, resulting from dividend equivalents paid on outstanding RSUs, which vested immediately.

Note10 Retirement and Other Benefit Plans

The following tables set forth the components of net periodic benefit income for the Company, including domestic and Canadian plans:

15

	Pension Benefits						Other Postretirement Benefits
	Thirteen Weeks Ended						Thirteen Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Service cost	$	2,993		$	2,239		$	—		$	—
Interest cost	3,578			3,560			14			12
Expected return on assets	(8,190		)	(6,197		)	—			—
Amortization of:
Actuarial loss (gain)	143			67			(63		)	(132		)
Prior service (income) expense	(481		)	6			—			—
Total net periodic benefit income	$	(1,957	)	$	(325	)	$	(49	)	$	(120	)
	Pension Benefits						Other Postretirement Benefits
	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Service cost	$	6,322		$	4,826		$	—		$	—
Interest cost	7,164			7,116			28			24
Expected return on assets	(15,845		)	(12,381		)	—			—
Amortization of:
Actuarial loss (gain)	309			102			(111		)	(217		)
Prior service (income) expense	(956		)	14			—			—
Total net periodic benefit income	$	(3,006	)	$	(323	)	$	(83	)	$	(193	)

Note 11 Risk Management and Derivatives

In the normal course of business, the Company’s financial results are impacted by currency rate movements in foreign currency denominated assets, liabilities and cash flows as it makes a portion of its purchases and sales in local currencies. The Company has established policies and business practices that are intended to mitigate a portion of the effect of these exposures. The Company uses derivative financial instruments, primarily forward contracts, to manage its currency exposures. These derivative instruments are viewed as risk management tools and are not used for trading or speculative purposes. Derivatives entered into by the Company are designated as cash flow hedges of forecasted foreign currency transactions. 

Derivative financial instruments expose the Company to credit and market risk. The market risk associated with these instruments resulting from currency exchange movements is expected to offset the market risk of the underlying transactions being hedged. The Company does not believe there is a significant risk of loss in the event of non-performance by the counterparties associated with these instruments because these transactions are executed with major financial institutions and have varying maturities through July 2016. Credit risk is managed through the continuous monitoring of exposures to such counterparties. 

The Company’s hedging strategy principally uses foreign currency forward contracts as cash flow hedges, which are recorded in the condensed consolidated balance sheets at fair value, to offset a portion of the effects of exchange rate fluctuations. The Company’s cash flow exposures include anticipated foreign currency transactions, such as foreign currency denominated sales, inventory purchases, expenses and intercompany charges, as well as collections and payments. The effective portion of gains and losses resulting from changes in the fair value of these hedge instruments are deferred in accumulated other comprehensive income and reclassified to earnings in the period that the hedged transaction is recognized in earnings.  The Company performs a quarterly assessment of the effectiveness of the hedge relationship and measures and recognizes any hedge ineffectiveness in the condensed consolidated statements of earnings.

Hedge ineffectiveness is evaluated using the hypothetical derivative method. The amount of hedge ineffectiveness for the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014 was not material. 

As of August 1, 2015, August 2, 2014 and January 31, 2015, the Company had forward contracts maturing at various dates through July 2016,  August 2015 and January 2016, respectively. The contract notional amount represents the net amount of all purchase and sale contracts of a foreign currency.

16

	Contract Notional Amount
(U.S. $ equivalent in thousands)	August 1, 2015		August 2, 2014		January 31, 2015
Financial Instruments
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	$	19,650	$	20,973	$	19,633
Euro	18,035		12,331		16,152
Chinese yuan	15,214		14,524		14,512
Japanese yen	1,208		1,613		1,523
New Taiwanese dollars	537		598		599
Other currencies	1,096		815		970
Total financial instruments	$	55,740	$	50,854	$	53,389

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of August 1, 2015, August 2, 2014 and January 31, 2015 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange forward contracts:
August 1, 2015	Prepaid expenses and other current assets	$	1,166	Other accrued expenses	$	453
August 2, 2014	Prepaid expenses and other current assets	239		Other accrued expenses	615
January 31, 2015	Prepaid expenses and other current assets	1,863		Other accrued expenses	1,784

For the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended				Thirteen Weeks Ended
($ thousands)	August 1, 2015				August 2, 2014
Foreign exchange forward contracts: Income Statement Classification Gains (Losses) - Realized	Gain Recognized in OCI on Derivatives		Gain Reclassified from Accumulated OCI into Earnings		Gain (Loss) Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings
Net sales	$	35	$	59	$	3		$	3
Cost of goods sold	733		7		(776		)	(64		)
Selling and administrative expenses	121		43		(253		)	6
Interest expense	8		—		(5		)	—

17

	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015						August 2, 2014
Foreign exchange forward contracts: Income Statement Classification Gains (Losses) - Realized	Gain (Loss) Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings			Loss  Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings
Net sales	$	60		$	113		$	(4	)	$	16
Cost of goods sold	532			(122		)	(757		)	(11		)
Selling and administrative expenses	33			47			(709		)	18
Interest expense	(14		)	—			(17		)	—

All gains and losses currently included within accumulated other comprehensive income associated with the Company’s foreign exchange forward contracts are expected to be reclassified into net earnings within the next 12 months. Additional information related to the Company’s derivative financial instruments are disclosed within Note 12 to the condensed consolidated financial statements. 

Note 12 Fair Value Measurements

Fair Value Hierarchy

FASB guidance on fair value measurements and disclosures specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (“observable inputs”) or reflect the Company’s own assumptions of market participant valuation (“unobservable inputs”). In accordance with the fair value guidance, the inputs to valuation techniques used to measure fair value are categorized into three levels based on the reliability of the inputs as follows: 

• Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;

• Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly;

• Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

In determining fair value, the Company uses valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk. Classification of the financial or non-financial asset or liability within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. 

Measurement of Fair Value

The Company measures fair value as an exit price, the price to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date, using the procedures described below for all financial and non-financial assets and liabilities measured at fair value. 

Money Market Funds

The Company has cash equivalents consisting of short-term money market funds backed by U.S. Treasury securities. The primary objective of these investing activities is to preserve the Company’s capital for the purpose of funding operations. The Company does not enter into money market funds for trading or speculative purposes. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan Assets and Liabilities 

18

The Company maintains a non-qualified deferred compensation plan (the “Deferred Compensation Plan”) for the benefit of certain management employees. The investment funds offered to the participant generally correspond to the funds offered in the Company’s 401(k) plan, and the account balance fluctuates with the investment returns on those funds. The Deferred Compensation Plan permits the deferral of up to 50% of base salary and 100% of compensation received under the Company’s annual incentive plan. The deferrals are held in a separate trust, which has been established by the Company to administer the Deferred Compensation Plan. The assets of the trust are subject to the claims of the Company’s creditors in the event that the Company becomes insolvent. Consequently, the trust qualifies as a grantor trust for income tax purposes (i.e., a “Rabbi Trust”). The liabilities of the Deferred Compensation Plan are presented in other accrued expenses and the assets held by the trust are classified as trading securities within prepaid expenses and other current assets in the accompanying condensed consolidated balance sheets. Changes in deferred compensation plan assets and liabilities are charged to selling and administrative expenses. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan for Non-Employee Directors

Non-employee directors are eligible to participate in a deferred compensation plan with deferred amounts valued as if invested in the Company’s common stock through the use of phantom stock units (“PSUs”). Under the plan, each participating director’s account is credited with the number of PSUs that is equal to the number of shares of the Company’s common stock which the participant could purchase or receive with the amount of the deferred compensation, based upon the average of the high and low prices of the Company’s common stock on the last trading day of the fiscal quarter when the cash compensation was earned. Dividend equivalents are paid on PSUs at the same rate as dividends on the Company’s common stock and are re-invested in additional PSUs at the next fiscal quarter-end. The liabilities of the plan are based on the fair value of the outstanding PSUs and are presented in other accrued expenses (current portion) or other liabilities in the accompanying condensed consolidated balance sheets. Gains and losses resulting from changes in the fair value of the PSUs are presented in selling and administrative expenses in the Company’s condensed consolidated statement of earnings. The fair value of each PSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1). 

Restricted Stock Units for Non-Employee Directors

Under the Company’s incentive compensation plans, cash-equivalent restricted stock units (“RSUs”) of the Company may be granted at no cost to non-employee directors. The RSUs are subject to a vesting requirement (usually one year), earn dividend-equivalent units, and are settled in cash on the date the director terminates service or such earlier date as a director may elect, subject to restrictions, based on the then current fair value of the Company’s common stock. The fair value of each RSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  Additional information related to restricted stock units for non-employee directors is disclosed in Note 9 to the condensed consolidated financial statements.

Performance Share Units

Under the Company’s incentive compensation plans, common stock or cash may be awarded at the end of the performance period at no cost to certain officers and key employees if certain financial goals are met. Under the plan, employees are granted performance share awards at a target number of shares or units, which generally vest over a three-year service period. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of specified financial goals for the service period. The fair value of each performance share unit is based on an unadjusted quoted market price of the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  Additional information related to performance share units is disclosed in Note 9 to the condensed consolidated financial statements.

Derivative Financial Instruments

The Company uses derivative financial instruments, primarily foreign exchange contracts, to reduce its exposure to market risks from changes in foreign exchange rates. These foreign exchange contracts are measured at fair value using quoted forward foreign exchange prices from counterparties corroborated by market-based pricing (Level 2). Additional information related to the Company’s derivative financial instruments is disclosed within Note 11 to the condensed consolidated financial statements. 

Secured Convertible Note

The Company received a secured convertible note as partial consideration for the disposition of Shoes.com, as further described in Note 3 to the condensed consolidated financial statements. The convertible note is measured at fair value using unobservable inputs (Level 3). The change in fair value during the thirteen and twenty-six weeks ended August 1, 2015 reflects an immaterial amount of interest income.

19

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at August 1, 2015, August 2, 2014 and January 31, 2015. The Company did not have any transfers between Level 1 and Level 2 during 2014 or the twenty-six weeks ended August 1, 2015.   

				Fair Value Measurements
($ thousands)	Total			Level 1			Level 2			Level 3
Asset (Liability)
As of August 1, 2015:
Cash equivalents – money market funds	$	91,709		$	91,709		$	—		$	—
Non-qualified deferred compensation plan assets	3,879			3,879			—			—
Non-qualified deferred compensation plan liabilities	(3,879		)	(3,879		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,423		)	(2,423		)	—			—
Restricted stock units for non-employee directors	(10,263		)	(10,263		)	—			—
Performance share units	(3,518		)	(3,518		)	—			—
Derivative financial instruments, net	713			—			713			—
Secured convertible note	7,118			—			—			7,118
As of August 2, 2014:
Cash equivalents – money market funds	$	8,457		$	8,457		$	—		$	—
Non-qualified deferred compensation plan assets	2,765			2,765			—			—
Non-qualified deferred compensation plan liabilities	(2,765		)	(2,765		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,983		)	(1,983		)	—			—
Restricted stock units for non-employee directors	(8,103		)	(8,103		)	—			—
Performance share units	(895		)	(895		)	—			—
Derivative financial instruments, net	(376		)	—			(376		)	—
As of January 31, 2015:
Cash equivalents – money market funds	$	35,533		$	35,533		$	—		$	—
Non-qualified deferred compensation plan assets	2,904			2,904			—			—
Non-qualified deferred compensation plan liabilities	(2,904		)	(2,904		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,066		)	(2,066		)	—			—
Restricted stock units for non-employee directors	(8,857		)	(8,857		)	—			—
Performance share units	(5,147		)	(5,147		)	—			—
Derivative financial instruments, net	79			—			79			—
Secured convertible note	6,957			—			—			6,957

Impairment Charges

The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers important that could trigger an impairment review include underperformance relative to expected historical or projected future operating results, a significant change in the manner of the use of the asset, or a negative industry or economic trend. When the Company determines that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more of the aforementioned factors, impairment is measured based on a projected discounted cash flow method. Certain factors, such as estimated store sales and expenses, used for this nonrecurring fair value measurement are considered Level 3 inputs as defined by FASB ASC 820, Fair Value Measurement. Long-lived assets held and used with a carrying amount of $82.3 million were assessed for indicators of impairment and written down to their fair value, resulting in impairment charges of $0.5 million for the thirteen weeks ended August 1, 2015. Of the $0.5 million impairment charge included in selling and administrative expenses, $0.3 million related to the Famous Footwear segment and $0.2 million related to the Brand Portfolio segment.  Impairment charges of $0.9 million were included in selling and administrative expenses for the twenty-six weeks ended August 1, 2015, of which $0.5 million related to the Famous Footwear segment and $0.4 million related to the Brand Portfolio segment. Long-lived assets held and used with a carrying amount of $85.5 million were assessed for indicators of impairment and written down to their fair value, resulting in impairment charges of $0.4 million for the

20

thirteen weeks ended August 2, 2014. Of the $0.4 million impairment charge included in selling and administrative expenses, $0.2 million related to the Famous Footwear segment and $0.2 million related to the Brand Portfolio segment.  Impairment charges of $0.7 million were included in selling and administrative expenses for the twenty-six weeks ended August 2, 2014, of which $0.4 million related to the Famous Footwear segment and $0.3 million related to the Brand Portfolio segment.

Fair Value of the Company’s Other Financial Instruments

The fair values of cash and cash equivalents (excluding money market funds discussed above), receivables and trade accounts payable approximate their carrying values due to the short-term nature of these instruments.

	August 1, 2015				August 2, 2014				January 31, 2015
	Carrying		Fair		Carrying		Fair		Carrying		Fair
($ thousands)	Amount		Value		Amount		Value		Amount		Value
Current portion of long-term debt	$	39,157	$	40,823	$	—	$	—	$	—	$	—
Long-term debt	200,000		202,000		199,104		210,750		199,197		208,000

The fair value of the Company’s current portion of long-term debt and long-term debt was based upon quoted prices in an inactive market as of the end of the respective periods (Level 2).

Note 13 Income Taxes

The Company’s effective tax rate can vary considerably from period to period, depending on a number of factors. The Company’s consolidated effective tax rates were 26.5% and 31.4% for the thirteen weeks and 26.2% and 32.7% for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively. 

The Company recognized discrete tax benefits of $1.3 million during the thirteen weeks ended August 1, 2015. Of the $1.3 million of discrete tax benefits recognized, $1.2 million related to the 2014 disposition of Shoes.com, as further discussed in Note 3 to the condensed consolidated financial statements.  The allocation of consideration received for tax purposes was finalized with the Purchaser during the second quarter, resulting in higher anticipated utilization of certain capital loss carryforwards that were previously fully reserved. If these discrete tax benefits had not been recognized during the thirteen weeks ended August 1, 2015, the Company's effective tax rate would have been 32.0%.

The Company recognized discrete tax benefits of $2.9 million during the twenty-six weeks ended August 1, 2015. In addition to the items described above, during the first quarter of 2015, the Company recognized discrete tax benefits of $1.6 million, following the conversion of one of its primary operating subsidiaries to a limited liability company. If these discrete tax benefits had not been recognized during the twenty-six weeks ended August 1, 2015, the Company's effective tax rate would have been 32.1%.

Note 14 Related Party Transactions

C. banner International Holdings Limited

The Company has a joint venture agreement with a subsidiary of C. banner International Holdings Limited (“CBI”) to market Naturalizer footwear in China. The Company is a 51% owner of the joint venture (“B&H Footwear”), with CBI owning the other 49%. B&H Footwear sells Naturalizer footwear to a retail affiliate of CBI on a wholesale basis, which in turn sells the Naturalizer products through department store shops and free-standing stores in China.  During the thirteen and twenty-six weeks ended August 1, 2015, the Company sold $2.1 million and $4.7 million, respectively, of Naturalizer footwear on a wholesale basis to CBI through its consolidated subsidiary, B&H Footwear, with $1.4 million and $3.4 million in corresponding sales during the thirteen and twenty-six weeks ended August 2, 2014.

Note 15 Commitments and Contingencies

Environmental Remediation

Prior operations included numerous manufacturing and other facilities for which the Company may have responsibility under various environmental laws for the remediation of conditions that may be identified in the future. The Company is involved in environmental remediation and ongoing compliance activities at several sites and has been notified that it is or may be a potentially responsible party at several other sites.

21

Redfield

The Company is remediating, under the oversight of Colorado authorities, the groundwater and indoor air at its owned facility in Colorado (the “Redfield site” or, when referring to remediation activities at or under the facility, the “on-site remediation”) and residential neighborhoods adjacent to and near the property (the “off-site remediation”) that have been affected by solvents previously used at the facility. The on-site remediation calls for the operation of a pump and treat system (which prevents migration of contaminated groundwater off the property) as the final remedy for the site, subject to monitoring and periodic review of the on-site conditions and other remedial technologies that may be developed in the future. Off-site groundwater concentrations have been reducing over time since installation of the pump and treat system in 2000 and injection of clean water beginning in 2003. However, localized areas of contaminated bedrock just beyond the property line continue to impact off-site groundwater. The modified workplan for addressing this condition includes converting the off-site bioremediation system into a monitoring well network and employing different remediation methods in these recalcitrant areas. In accordance with the workplan, a pilot test was conducted of certain groundwater remediation methods and the results of that test were used to develop more detailed plans for remedial activities in the off-site areas, which were approved by the authorities and are being implemented in a phased manner. The results of groundwater monitoring are being used to evaluate the effectiveness of these activities. The liability for the on-site remediation was discounted at 4.8%. On an undiscounted basis, the on-site remediation liability would be $15.4 million as of August 1, 2015. The Company expects to spend approximately $0.2 million in each of the next five years and $14.4 million in the aggregate thereafter related to the on-site remediation.

The cumulative expenditures for both on-site and off-site remediation through August 1, 2015 were $27.5 million. The Company has recovered a portion of these expenditures from insurers and other third parties. The reserve for the anticipated future remediation activities at August 1, 2015 is $9.7 million, of which $9.0 million is recorded within other liabilities and $0.7 million is recorded within other accrued expenses. Of the total $9.7 million reserve, $5.0 million is for on-site remediation and $4.7 million is for off-site remediation.

Other

The Company has completed its remediation efforts at its closed New York tannery and two associated landfills. In 1995, state environmental authorities reclassified the status of these sites as being properly closed and requiring only continued maintenance and monitoring through 2024. The Company has an accrued liability of $1.3 million at August 1, 2015 to complete the cleanup, maintenance and monitoring at these sites, which has been discounted at 6.4%. Of the $1.3 million reserve, $1.1 million is recorded in other liabilities and $0.2 million is recorded in other accrued expenses. On an undiscounted basis, this liability would be $1.8 million. The Company expects to spend approximately $0.2 million in each of the next five years and $0.8 million in the aggregate thereafter related to these sites. In addition, various federal and state authorities have identified the Company as a potentially responsible party for remediation at certain other sites. However, the Company does not currently believe that its liability for such sites, if any, would be material.

The Company continues to evaluate its estimated costs in conjunction with its environmental consultants and records its best estimate of such liabilities. However, future actions and the associated costs are subject to oversight and approval of various governmental authorities. Accordingly, the ultimate costs may vary, and it is possible costs may exceed the recorded amounts.

Litigation

The Company is involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such ordinary course of business proceedings and litigation currently pending is not expected to have a material adverse effect on the Company’s results of operations or financial position. Legal costs associated with litigation are generally expensed as incurred.

During 2014, the Company signed a settlement agreement to resolve a putative class action lawsuit involving wage and hour claims in California for an amount not to exceed $1.5 million. The court has granted preliminary approval of the settlement, pursuant to which the Company will pay a minimum of $1.0 million in attorneys' fees, costs of administering the settlement and settlement payments to class members who submit claims. A hearing for final approval of the settlement is scheduled for the third quarter of 2015. The reserve for this matter as of August 1, 2015 is $1.5 million.

Note 16 Financial Information for the Company and its Subsidiaries

The Company's 2023 Senior Notes are fully and unconditionally and jointly and severally guaranteed by all of its existing and future subsidiaries that are guarantors under the Credit Agreement, as further discussed in Note 5 to the condensed consolidated financial statements. The following table presents the condensed consolidating financial information for each of Caleres, Inc. (“Parent”), the Guarantors, and subsidiaries of the Parent that are not Guarantors (the “Non-Guarantors”), together with consolidating eliminations, as of and for the periods indicated. The Guarantors are 100% owned by the Parent.

22

The condensed consolidating financial statements have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. Management believes that the information, presented in lieu of complete financial statements for each of the Guarantors, provides meaningful information to allow investors to determine the nature of the assets held by, and operations and cash flows of, each of the consolidated groups.

23

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 1, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	42,738	$	12,742	$	73,865		$	—		$	129,345
Restricted cash	41,482		—		—			—			41,482
Receivables, net	102,455		2,635		39,123			—			144,213
Inventories, net	158,061		458,869		24,198			—			641,128
Prepaid expenses and other current assets	12,032		22,554		6,416			—			41,002
Intercompany receivable – current	369		120		14,122			(14,611		)	—
Total current assets	357,137		496,920		157,724			(14,611		)	997,170
Other assets	133,056		15,227		(1,556		)	—			146,727
Goodwill and intangible assets, net	116,670		2,800		13,267			—			132,737
Property and equipment, net	31,530		109,463		9,846			—			150,839
Investment in subsidiaries	1,010,293		—		(18,530		)	(991,763		)	—
Intercompany receivable – noncurrent	425,872		359,067		533,324			(1,318,263		)	—
Total assets	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473
Liabilities and Equity
Current liabilities
Current portion of long-term debt	$	39,157	$	—	$	—		$	—		$	39,157
Trade accounts payable	121,213		222,148		39,265			—			382,626
Other accrued expenses	44,465		96,992		14,649			—			156,106
Intercompany payable – current	5,211		297		9,103			(14,611		)	—
Total current liabilities	210,046		319,437		63,017			(14,611		)	577,889
Other liabilities
Long-term debt	200,000		—		—			—			200,000
Other liabilities	44,049		33,812		2,495			—			80,356
Intercompany payable – noncurrent	1,052,118		37,745		228,400			(1,318,263		)	—
Total other liabilities	1,296,167		71,557		230,895			(1,318,263		)	280,356
Equity
Caleres, Inc. shareholders’ equity	568,345		592,483		399,280			(991,763		)	568,345
Noncontrolling interests	—		—		883			—			883
Total equity	568,345		592,483		400,163			(991,763		)	569,228
Total liabilities and equity	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473

24

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	196,809		$	415,717		$	81,169		$	(55,861	)	$	637,834
Cost of goods sold	144,750			225,771			47,563			(43,045		)	375,039
Gross profit	52,059			189,946			33,606			(12,816		)	262,795
Selling and administrative expenses	60,220			164,064			15,593			(12,816		)	227,061
Operating (loss) earnings	(8,161		)	25,882			18,013			—			35,734
Interest expense	(4,345		)	—			—			—			(4,345		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	196			—			42			—			238
Intercompany interest income (expense)	3,432			(3,471		)	39			—			—
(Loss) earnings before income taxes	(17,568		)	22,411			18,094			—			22,937
Income tax benefit (provision)	3,651			(7,570		)	(2,155		)	—			(6,074		)
Equity in earnings of subsidiaries, net of tax	30,742			—			394			(31,136		)	—
Net earnings	16,825			14,841			16,333			(31,136		)	16,863
Less: Net earnings attributable to noncontrolling interests	—			—			38			—			38
Net earnings attributable to Caleres, Inc.	$	16,825		$	14,841		$	16,295		$	(31,136	)	$	16,825
Comprehensive income	$	16,181		$	14,229		$	15,719		$	(29,911	)	$	16,218
Less: Comprehensive income attributable to noncontrolling interests	—			—			37			—			37
Comprehensive income attributable to Caleres, Inc.	$	16,181		$	14,229		$	15,682		$	(29,911	)	$	16,181

25

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	389,160		$	795,906		$	136,150		$	(81,099	)	$	1,240,117
Cost of goods sold	282,343			427,354			84,526			(65,427		)	728,796
Gross profit	106,817			368,552			51,624			(15,672		)	511,321
Selling and administrative expenses	113,197			316,310			31,416			(15,672		)	445,251
Operating (loss) earnings	(6,380		)	52,242			20,208			—			66,070
Interest expense	(8,807		)	(1		)	—			—			(8,808		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	448			—			94			—			542
Intercompany interest income (expense)	7,109			(7,193		)	84			—			—
(Loss) earnings before income taxes	(16,320		)	45,048			20,386			—			49,114
Income tax benefit (provision)	5,335			(15,590		)	(2,605		)	—			(12,860		)
Equity in earnings of subsidiaries, net of tax	47,071			—			378			(47,449		)	—
Net earnings	36,086			29,458			18,159			(47,449		)	36,254
Less: Net earnings attributable to noncontrolling interests	—			—			168			—			168
Net earnings attributable to Caleres, Inc.	$	36,086		$	29,458		$	17,991		$	(47,449	)	$	36,086
Comprehensive income	$	36,398		$	29,570		$	18,275		$	(47,674	)	$	36,569
Less: Comprehensive income attributable to noncontrolling interests	—			—			171			—			171
Comprehensive income attributable to Caleres, Inc.	$	36,398		$	29,570		$	18,104		$	(47,674	)	$	36,398

26

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(3,561	)	$	71,298		$	33,518		$	—	$	101,255
Investing activities
Purchases of property and equipment	(9,933		)	(14,470		)	(469		)	—		(24,872		)
Disposals of property and equipment	7,111			—			—			—		7,111
Capitalized software	(1,959		)	(739		)	—			—		(2,698		)
Intercompany investing	(253		)	253			—			—		—
Net cash used for investing activities	(5,034		)	(14,956		)	(469		)	—		(20,459		)
Financing activities
Borrowings under revolving credit agreement	86,000			—			—			—		86,000
Repayments under revolving credit agreement	(86,000		)	—			—			—		(86,000		)
Proceeds from issuance of 2023 senior notes	200,000			—			—			—		200,000
Redemption of 2019 senior notes	(160,700		)	—			—			—		(160,700		)
Restricted cash	(41,482		)	—			—			—		(41,482		)
Debt issuance costs	(3,650		)	—			—			—		(3,650		)
Dividends paid	(6,135		)	—			—			—		(6,135		)
Acquisition of treasury stock	(4,921		)	—			—			—		(4,921		)
Issuance of common stock under share-based plans, net	(4,428		)	—			—			—		(4,428		)
Tax benefit related to share-based plans	2,838			—			—			—		2,838
Intercompany financing	55,920			(43,600		)	(12,320		)	—		—
Net cash provided by (used for) financing activities	37,442			(43,600		)	(12,320		)	—		(18,478		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(376		)	—		(376		)
Increase in cash and cash equivalents	28,847			12,742			20,353			—		61,942
Cash and cash equivalents at beginning of period	13,891			—			53,512			—		67,403
Cash and cash equivalents at end of period	$	42,738		$	12,742		$	73,865		$	—	$	129,345

27

CONDENSED CONSOLIDATING BALANCE SHEET
AS OF JANUARY 31, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	13,891	$	—	$	53,512		$	—		$	67,403
Receivables, net	89,030		5,398		42,218			—			136,646
Inventories, net	148,082		376,254		18,767			—			543,103
Prepaid expenses and other current assets	41,494		20,777		8,964			(27,491		)	43,744
Intercompany receivable  – current	1,194		—		8,750			(9,944		)	—
Total current assets	293,691		402,429		132,211			(37,435		)	790,896
Other assets	113,922		13,733		13,931			—			141,586
Goodwill and intangible assets, net	117,792		2,800		13,995			—			134,587
Property and equipment, net	29,237		109,720		10,786			—			149,743
Investment in subsidiaries	956,831		—		(18,909		)	(937,922		)	—
Intercompany receivable  – noncurrent	459,774		306,871		539,396			(1,306,041		)	—
Total assets	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812
Liabilities and Equity
Current liabilities
Trade accounts payable	$	60,377	$	114,208	$	41,336		$	—		$	215,921
Other accrued expenses	110,714		85,638		12,301			(27,491		)	181,162
Intercompany payable – current	4,948		—		4,996			(9,944		)	—
Total current liabilities	176,039		199,846		58,633			(37,435		)	397,083
Other liabilities
Long-term debt	199,197		—		—			—			199,197
Other liabilities	41,847		32,574		4,489			—			78,910
Intercompany payable – noncurrent	1,013,254		21,078		271,709			(1,306,041		)	—
Total other liabilities	1,254,298		53,652		276,198			(1,306,041		)	278,107
Equity
Caleres, Inc. shareholders’ equity	540,910		582,055		355,867			(937,922		)	540,910
Noncontrolling interests	—		—		712			—			712
Total equity	540,910		582,055		356,579			(937,922		)	541,622
Total liabilities and equity	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812

28

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 2, 2014
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	—	$	46,876		$	—		$	46,876
Receivables, net	85,285		2,491		37,708			—			125,484
Inventories, net	160,581		470,596		26,479			—			657,656
Prepaid expenses and other current assets	11,869		20,278		7,020			—			39,167
Intercompany receivable – current	1,958		—		19,165			(21,123		)	—
Total current assets	259,693		493,365		137,248			(21,123		)	869,183
Other assets	119,473		13,455		1,851			—			134,779
Goodwill and intangible assets, net	119,041		2,800		14,921			—			136,762
Property and equipment, net	26,935		112,203		9,220			—			148,358
Investment in subsidiaries	886,736		—		(19,151		)	(867,585		)	—
Intercompany receivable  –  noncurrent	450,516		278,910		485,949			(1,215,375		)	—
Total assets	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082
Liabilities and Equity
Current liabilities
Trade accounts payable	$	104,054	$	192,787	$	44,853		$	—		$	341,694
Other accrued expenses	49,838		94,649		14,665			—			159,152
Intercompany payable – current	6,143		—		14,980			(21,123		)	—
Total current liabilities	160,035		287,436		74,498			(21,123		)	500,846
Other liabilities
Long-term debt	199,104		—		—			—			199,104
Other liabilities	34,659		37,543		7,678			—			79,880
Intercompany payable – noncurrent	960,014		38,569		216,792			(1,215,375		)	—
Total other liabilities	1,193,777		76,112		224,470			(1,215,375		)	278,984
Equity
Caleres, Inc. shareholders’ equity	508,582		537,185		330,400			(867,585		)	508,582
Noncontrolling interests	—		—		670			—			670
Total equity	508,582		537,185		331,070			(867,585		)	509,252
Total liabilities and equity	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082

29

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	183,598		$	417,917		$	94,578		$	(60,216	)	$	635,877
Cost of goods sold	136,433			229,064			60,154			(49,416		)	376,235
Gross profit	47,165			188,853			34,424			(10,800		)	259,642
Selling and administrative expenses	57,149			164,142			17,849			(10,800		)	228,340
Operating (loss) earnings	(9,984		)	24,711			16,575			—			31,302
Interest expense	(5,125		)	—			—			—			(5,125		)
Interest income	12			—			97			—			109
Intercompany interest income (expense)	3,828			(3,787		)	(41		)	—			—
(Loss) earnings before income taxes	(11,269		)	20,924			16,631			—			26,286
Income tax benefit (provision)	1,684			(8,375		)	(1,556		)	—			(8,247		)
Equity in earnings of subsidiaries, net of tax	27,649			—			81			(27,730		)	—
Net earnings	18,064			12,549			15,156			(27,730		)	18,039
Less: Net earnings attributable to noncontrolling interests	—			—			(25		)	—			(25		)
Net earnings attributable to Caleres, Inc.	$	18,064		$	12,549		$	15,181		$	(27,730	)	$	18,064
Comprehensive income	$	17,555		$	12,541		$	15,143		$	(27,712	)	$	17,527
Less: Comprehensive income attributable to noncontrolling interests	—			—			(28		)	—			(28		)
Comprehensive income attributable to Caleres, Inc.	$	17,555		$	12,541		$	15,171		$	(27,712	)	$	17,555

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	362,758		$	795,330		$	158,931		$	(89,980	)	$	1,227,039
Cost of goods sold	263,899			433,619			103,156			(75,618		)	725,056
Gross profit	98,859			361,711			55,775			(14,362		)	501,983
Selling and administrative expenses	106,346			310,783			39,188			(14,362		)	441,955
Operating (loss) earnings	(7,487		)	50,928			16,587			—			60,028
Interest expense	(10,430		)	(1		)	—			—			(10,431		)
Interest income	13			—			172			—			185
Intercompany interest income (expense)	7,802			(7,720		)	(82		)	—			—
(Loss) earnings before income taxes	(10,102		)	43,207			16,677			—			49,782
Income tax benefit (provision)	2,148			(17,229		)	(1,186		)	—			(16,267		)
Equity in earnings (loss) of subsidiaries, net of tax	41,447			—			(207		)	(41,240		)	—
Net earnings	33,493			25,978			15,284			(41,240		)	33,515
Less: Net loss attributable to noncontrolling interests	—			—			22			—			22
Net earnings attributable to Caleres, Inc.	$	33,493		$	25,978		$	15,262		$	(41,240	)	$	33,493
Comprehensive income	$	33,473		$	26,526		$	15,818		$	(42,337	)	$	33,480
Less: Comprehensive loss attributable to noncontrolling interests	—			—			7			—			7
Comprehensive income attributable to Caleres, Inc.	$	33,473		$	26,526		$	15,811		$	(42,337	)	$	33,473

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UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(14,071	)	$	57,490		$	23,072		$	—	$	66,491
Investing activities
Purchases of property and equipment	(2,810		)	(19,355		)	(1,346		)	—		(23,511		)
Capitalized software	(2,642		)	(43		)	(29		)	—		(2,714		)
Acquisition of trademarks	(65,065		)	—			—			—		(65,065		)
Intercompany investing	(624		)	(295		)	919			—		—
Net cash used for investing activities	(71,141		)	(19,693		)	(456		)	—		(91,290		)
Financing activities
Borrowings under revolving credit agreement	456,000			—			—			—		456,000
Repayments under revolving credit agreement	(463,000		)	—			—			—		(463,000		)
Dividends paid	(6,110		)	—			—			—		(6,110		)
Issuance of common stock under share-based plans, net	(523		)	—			—			—		(523		)
Tax benefit related to share-based plans	2,097			—			—			—		2,097
Intercompany financing	96,748			(37,797		)	(58,951		)	—		—
Net cash provided by (used for) financing activities	85,212			(37,797		)	(58,951		)	—		(11,536		)
Effect of exchange rate changes on cash and cash equivalents	—			—			665			—		665
Decrease in cash and cash equivalents	—			—			(35,670		)	—		(35,670		)
Cash and cash equivalents at beginning of period	—			—			82,546			—		82,546
Cash and cash equivalents at end of period	$	—		$	—		$	46,876		$	—	$	46,876

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ITEM 2 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

OVERVIEW

Our financial performance improved during the quarter, as we continued to invest in our long-term strategic growth initiatives. Sales growth in our Brand Portfolio segment and continued operating margin improvement at our Famous Footwear segment contributed to our successful second quarter results. Our Brand Portfolio segment reported a 4.4% increase in net sales, while our Famous Footwear segment reported an 8.4% increase in operating earnings for the quarter.

The following is a summary of the financial highlights for the second quarter of 2015:   

• Consolidated net sales increased $1.9 million, or 0.3%, to $637.8 million for the second quarter of 2015, compared to $635.9 million for the second quarter of 2014. Our Brand Portfolio segment experienced continued improvement as net sales increased by $10.2 million, or 4.4%. Our Famous Footwear segment reported a decline in net sales of $8.2 million, driven by the disposition of our e-commerce subsidiary, Shoes.com, in December 2014, which contributed $10.4 million in net sales in the second quarter of 2014, partially offset by a net increase in sales from new and closed stores.

• Consolidated operating earnings increased $4.4 million, or 14.2%, to $35.7 million in the second quarter of 2015, compared to $31.3 million for the second quarter of 2014. 

• We redeemed our 2019 Senior Notes and closed on the offering of our 2023 Senior Notes, reducing our interest rate from 7.125% to 6.25%.  Pursuant to our cash tender offer of the 2019 Senior Notes, $160.7 million of the $200.0 million aggregate principal amount was redeemed during the second quarter.  The remaining $39.3 million of 2019 Senior Notes was redeemed on August 26, 2015.  We incurred a loss on early extinguishment of debt of $8.7 million ($5.3 million on an after-tax basis, or $0.12 per diluted share) during the second quarter of 2015, reflecting the redemption of the $160.7 million of our 2019 Senior Notes prior to maturity.  An additional loss of $2.0 million was incurred in the third quarter as the remaining 2019 Senior Notes were redeemed.

• Consolidated net earnings attributable to Caleres, Inc. were $16.8 million, or $0.38 per diluted share, in the second quarter of 2015, compared to net earnings of $18.1 million, or $0.41 per diluted share, in the second quarter of 2014.

Our debt-to-capital ratio, as defined herein, increased to 29.6% at August 1, 2015, compared to 28.1% at August 2, 2014 and 26.9% at January 31, 2015.  The increase from August 2, 2014 and January 31, 2015 was driven by higher current maturities of long-term debt resulting from the outstanding 2019 Senior Notes, which were redeemed on August 26, 2015, as further discussed in Note 5 to the condensed consolidated financial statements.  Our current ratio, as defined herein, was 1.73 to 1 at August 1, 2015, compared to 1.74 to 1 at August 2, 2014 and 1.99 to 1 at January 31, 2015.

Outlook for the Remainder of 2015

During the second quarter, we continued to drive margin expansion and further strengthened our balance sheet. Based on our second quarter results, we expect consolidated net sales to be between $2.61 billion and $2.63 billion.  We also expect to earn between $1.84 and $1.94 per diluted share in 2015.    

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Following are the consolidated results and the results by segment: 

CONSOLIDATED RESULTS
	Thirteen Weeks Ended										Twenty-six Weeks Ended
	August 1, 2015					August 2, 2014					August 1, 2015					August 2, 2014
				% of Net Sales					% of Net Sales					% of Net Sales					% of Net Sales
($ millions)
Net sales	$	637.8		100.0	%	$	635.9		100.0	%	$	1,240.1		100.0	%	$	1,227.0		100.0	%
Cost of goods sold	375.0			58.8	%	376.3			59.2	%	728.8			58.8	%	725.0			59.1	%
Gross profit	262.8			41.2	%	259.6			40.8	%	511.3			41.2	%	502.0			40.9	%
Selling and administrative expenses	227.1			35.6	%	228.3			35.9	%	445.2			35.9	%	442.0			36.0	%
Operating earnings	35.7			5.6	%	31.3			4.9	%	66.1			5.3	%	60.0			4.9	%
Interest expense	(4.3		)	(0.7	)%	(5.1		)	(0.8	)%	(8.8		)	(0.7	)%	(10.4		)	(0.8	)%
Loss on early extinguishment of debt	(8.7		)	(1.3	)%	—			—		(8.7		)	(0.6	)%	—			—	%
Interest income	0.2			0.0	%	0.1			0.0	%	0.5			—	%	0.2			0.0	%
Earnings before income taxes from continuing operations	22.9			3.6	%	26.3			4.1	%	49.1			4.0	%	49.8			4.1	%
Income tax provision	(6.0		)	(1.0	)%	(8.2		)	(1.3	)%	(12.8		)	(1.1	)%	(16.3		)	(1.4	)%
Net earnings	16.9			2.6	%	18.1			2.8	%	36.3			2.9	%	33.5			2.7	%
Net earnings (loss) attributable to noncontrolling interests	0.1			0.0	%	—			—		0.2			0.0	%	—			—
Net earnings attributable to Caleres, Inc.	$	16.8		2.6	%	$	18.1		2.8	%	$	36.1		2.9	%	$	33.5		2.7	%

Net Sales 

Net sales increased $1.9 million, or 0.3%, to $637.8 million for the second quarter of 2015, compared to $635.9 million for the second quarter of 2014. Net sales at our Brand Portfolio segment increased while net sales at our Famous Footwear segment decreased. Our Brand Portfolio segment reported a $10.2 million increase in net sales, driven by strong sales of our Franco Sarto, Vince, Sam Edelman and LifeStride brands during the quarter, partially offset by decreases in net sales of our Dr. Scholl's, Via Spiga and Ryka brands.  Net sales of our Famous Footwear segment decreased $8.2 million, reflecting a $10.4 million decrease in sales attributable to Shoes.com, which was sold in December 2014, partially offset by the net increase in sales from new and closed stores.  

Net sales increased $13.1 million, or 1.1%, to $1,240.1 million for the six months ended August 1, 2015, compared to $1,227.0 million for the six months ended August 2, 2014. Net sales at our Brand Portfolio segment increased while net sales at our Famous Footwear segment decreased. Our Brand Portfolio segment reported a $28.0 million increase in net sales, driven by strong sales of our Sam Edelman, Vince, LifeStride and Dr. Scholl's brands, partially offset by a decrease in net sales of our Via Spiga and Ryka brands.  Net sales of our Famous Footwear segment decreased $14.9 million, reflecting a $22.5 million decrease in sales attributable to Shoes.com, partially offset by a 1.5% increase in same-store sales.  

Same-store sales changes are calculated by comparing the sales in stores that have been open at least 13 months. Relocated stores are treated as new stores, and closed stores are excluded from the calculation. Sales change from new and closed stores, net reflects the change in net sales due to stores that have been opened or closed during the period and are therefore excluded from the same-store sales calculation. E-commerce sales for those e-commerce websites that function as an extension of a retail chain are included in the same-store sales calculation.

Gross Profit 

Gross profit increased $3.2 million, or 1.2%, to $262.8 million for the second quarter of 2015, compared to $259.6 million for the second quarter of 2014, reflecting higher gross profit in our Brand Portfolio segment, partially offset by a decline in the Famous Footwear segment.  As a percentage of net sales, gross profit increased to 41.2% for the second quarter of 2015, compared to 40.8% for the second quarter of 2014, driven by increases in both our Famous Footwear and Brand Portfolio segments, partially

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offset by a higher consolidated mix of wholesale versus retail sales. Gross profit rates in our retail businesses are higher, on average, than in our wholesale business. Retail and wholesale net sales were 67% and 33%, respectively, in the second quarter of 2015, compared to 69% and 31% in the second quarter of 2014.

Gross profit increased $9.3 million, or 1.9%, to $511.3 million for the six months ended August 1, 2015, compared to $502.0 million for the six months ended August 2, 2014, reflecting higher gross profit in both our Brand Portfolio and Famous Footwear segments.  As a percentage of net sales, gross profit increased to 41.2% for the six months ended August 1, 2015, compared to 40.9% for the six months ended August 2, 2014, driven by our Famous Footwear segment, which reported a gross profit rate of 46.0% for the six months ended August 1, 2015, compared to 44.9% for the six months ended August 2, 2014, partially offset by a decline in the Brand Portfolio segment gross profit rate to 33.8% in the six months ended August 1, 2015, compared to 34.1% in the six months ended August 2, 2014 and a higher consolidated mix of wholesale versus retail sales. Retail and wholesale net sales were 66% and 34%, respectively, in the six months ended August 1, 2015, compared to 69% and 31% in the six months ended August 2, 2014.

We classify certain warehousing, distribution, sourcing and other inventory procurement costs in selling and administrative expenses. Accordingly, our gross profit and selling and administrative expense rates, as a percentage of net sales, may not be comparable to other companies. 

Selling and Administrative Expenses 

Selling and administrative expenses decreased $1.2 million, or 0.6%, to $227.1 million for the second quarter of 2015, compared to $228.3 million in the second quarter of 2014. As a percentage of net sales, selling and administrative expenses decreased to 35.6% for the second quarter of 2015 from 35.9% for the second quarter of 2014.

Selling and administrative expenses increased $3.2 million, or 0.7%, to $445.2 million for the six months ended August 1, 2015, compared to $442.0 million in the six months ended August 2, 2014. As a percentage of net sales, selling and administrative expenses decreased to 35.9% for the six months ended August 1, 2015 from 36.0% for the six months ended August 2, 2014.

Operating Earnings 

Operating earnings increased $4.4 million, or14.2%, to $35.7 million for thesecond quarter of 2015, compared to $31.3 million for thesecond quarter of 2014, reflecting higher net sales and gross profit rate and lower selling and administrative expenses,as described above.  As a percentage of net sales, operating earnings improved to5.6% for thesecond quarter of 2015, compared to4.9% for the second quarter of 2014.

Operating earnings increased $6.1 million, or 10.1%, to $66.1 million for the six months ended August 1, 2015, compared to $60.0 million for the six months ended August 2, 2014, reflecting higher net sales and gross profit rate,as described above.  As a percentage of net sales, operating earnings improved to5.3% for thesix months ended August 1, 2015, compared to4.9% for the six months ended August 2, 2014.

Interest Expense 

Interest expense decreased $0.8 million, or 15.2%, to $4.3 million for the second quarter of 2015, compared to $5.1 million for the second quarter of 2014, primarily reflecting lower average borrowings under our revolving credit agreement and lower fees resulting from our credit agreement amendment in the fourth quarter of 2014, as further discussed in Liquidity and Capital Resources. 

Interest expense decreased $1.6 million, or 15.6%, to $8.8 million for the six months ended August 1, 2015, compared to $10.4 million for the six months ended August 2, 2014, primarily reflecting the above named factors.

Loss on Early Extinguishment of Debt

Loss on early extinguishment of debt was $8.7 million for the second quarter and six months ended August 1, 2015, reflecting the redemption of a portion of our 2019 Senior Notes prior to maturity, as further discussed in Note 5 to the condensed consolidated financial statements. We incurred no corresponding charges during the second quarter or six months ended August 2, 2014. An additional loss of $2.0 million was incurred in the third quarter as the remaining 2019 Senior Notes were redeemed.

Income Tax Provision 

Our effective tax rate can vary considerably from period to period, depending on a number of factors. Our consolidated effective tax rate was 26.5% for the second quarter of 2015, compared to 31.4% for the second quarter of 2014. We recognized discrete tax benefits of $1.3 million during the quarter. Of the $1.3 million of discrete tax benefits recognized, $1.2 million related to the 2014 disposition of Shoes.com. The allocation of consideration received for tax purposes was finalized with the buyer during the second quarter, resulting in higher anticipated utilization of certain capital loss carryforwards that were previously fully reserved.

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If these discrete tax benefits had not been recognized during the thirteen weeks ended August 1, 2015, the Company's effective tax rate would have been 32.0%.

For the six months ended August 1, 2015, our consolidated effective tax rate was 26.2%, compared to 32.7% for the six months ended August 2, 2014. The effective tax rate was lower for the six months ended August 1, 2015 as a result of $2.9 million of discrete tax benefits recognized during the period. In addition to the second quarter item described above, during the first quarter of 2015, the Company recognized discrete tax benefits of $1.6 million, following the conversion of one of its primary operating subsidiaries to a limited liability company. If these discrete tax benefits had not been recognized, our effective tax rate would have been 32.1% for the six months ended August 1, 2015.

Net Earnings

Net earnings decreased $1.2 million, or 6.5%, to $16.9 million for the second quarter of 2015, compared to $18.1 million for the second quarter of 2014, reflecting stronger operating earnings as described above, offset by the loss on early extinguishment of debt. 

Net earnings increased $2.8 million, or 8.2%, to $36.3 million for the six months ended August 1, 2015, compared to $33.5 million for the six months ended August 2, 2014, reflecting stronger sales and operating earnings as described above, partially offset by the loss on early extinguishment of debt.

Net Earnings Attributable to Caleres, Inc. 

Net earnings attributable to Caleres, Inc. were $16.8 million and $36.1 million during the second quarter and six months ended August 1, 2015,  compared to net earnings of $18.1 million and $33.5 million during the second quarter of 2014 and six months ended August 2, 2014, as a result of the factors described above.

35

FAMOUS FOOTWEAR
	Thirteen Weeks Ended										Twenty-six Weeks Ended
	August 1, 2015					August 2, 2014					August 1, 2015					August 2, 2014
				% of Net Sales					% of Net Sales					% of Net Sales					% of Net Sales
($ millions, except sales per square
foot)
Operating Results
Net sales	$	395.9		100.0	%	$	404.1		100.0	%	$	755.9		100.0	%	$	770.8		100.0	%
Cost of goods sold	216.4			54.7	%	223.1			55.2	%	408.2			54.0	%	424.5			55.1	%
Gross profit	179.5			45.3	%	181.0			44.8	%	347.7			46.0	%	346.3			44.9	%
Selling and administrative expenses	151.8			38.3	%	155.5			38.5	%	292.1			38.6	%	294.0			38.1	%
Operating earnings	$	27.7		7.0	%	$	25.5		6.3	%	$	55.6		7.4	%	$	52.3		6.8	%
Key Metrics
Same-store sales % change	0.1		%			1.6		%			1.5		%			1.5		%
Same-store sales $ change	$	0.5				$	5.7				$	10.9				$	10.3
Sales change from new and closed stores, net	$	2.2				$	(0.4	)			$	(2.0	)			$	(2.5	)
Impact of changes in Canadian exchange rate on sales	$	(0.5	)			$	—				$	(0.7	)			$	—
Sales change of Shoes.com (sold in December 2014)	$	(10.4	)			$	(1.9	)			$	(22.5	)			$	(5.6	)
Sales per square foot, excluding e-commerce (thirteen and twenty-six weeks ended)	$	55				$	55				$	106				$	105
Sales per square foot, excluding e-commerce (trailing twelve months)	$	216				$	212				$	216				$	212
Square footage (thousand sq. ft.)	6,966					6,962					6,966					6,962
Stores opened	10					17					25					28
Stores closed	6					16					19					37
Ending stores	1,044					1,035					1,044					1,035

Net Sales 

Net sales decreased $8.2 million, or 2.0%, to $395.9 million for the second quarter of 2015, compared to $404.1 million for the second quarter of 2014. The decrease was due primarily to the sale of Shoes.com in December 2014, which contributed $10.4 million of net sales in the second quarter of 2014, partially offset by a net increase in sales from new and closed stores reflecting our higher store count.  Famous Footwear reported higher average unit retail prices and an improved customer conversion rate, partially offset by a decline in customer traffic in our stores. Famous Footwear experienced sales growth in canvas and athletic footwear categories. During the second quarter of 2015, we opened 10 new stores and closed 6 stores, resulting in 1,044 stores and total square footage of 7.0 million at the end of the second quarter of 2015, compared to 1,035 stores and total square footage of 7.0 million at the end of the second quarter of 2014. Sales per square foot, excluding e-commerce, remained consistent at $55 in both the second quarter of 2015 and the second quarter of 2014.  On a trailing twelve month basis, sales per square foot, excluding e-commerce, increased 2.0% to $216 for the twelve months ended August 1, 2015, compared to $212 for the twelve months ended August 2, 2014. Members of our customer loyalty program, Rewards, continue to account for a majority of the segment’s sales, with approximately 73% of our net sales made to members of our Rewards program in the second quarter of 2015, compared to approximately 72% in the second quarter of 2014. 

Net sales decreased $14.9 million, or 1.9%, to $755.9 million for the six months ended August 1, 2015, compared to $770.8 million for the six months ended August 2, 2014. The decrease was due primarily to the sale of Shoes.com, which contributed $22.5 million of net sales in the six months ended August 2, 2014, and the net decline in sales from new and closed stores, partially offset by a

36

1.5% increase in same-store sales. Famous Footwear reported higher average unit retail prices and an improved customer conversion rate, partially offset by a decline in customer traffic in our stores. Famous Footwear experienced sales growth in athletic, canvas and boot categories. 

Gross Profit 

Gross profit decreased $1.5 million, or 0.8%, to $179.5 million for the second quarter of 2015, compared to $181.0 million for the second quarter of 2014. As a percentage of net sales, our gross profit was 45.3% for the second quarter of 2015, compared to 44.8% for the second quarter of 2014. The increase in our gross profit rate reflects a continued shift in mix toward higher margin product, lower inventory markdowns and improved margins resulting from the disposal of Shoes.com.

Gross profit increased $1.4 million, or 0.4%, to $347.7 million for the six months ended August 1, 2015, compared to $346.3 million for the six months ended August 2, 2014. As a percentage of net sales, our gross profit was 46.0% for the six months ended August 1, 2015, compared to 44.9% for the six months ended August 2, 2014. The increase in our gross profit rate reflects a continued shift in mix toward higher margin product and improved margins resulting from the disposal of Shoes.com.

Selling and Administrative Expenses 

Selling and administrative expenses decreased $3.7 million, or 2.3%, to $151.8 million for the second quarter of 2015, compared to $155.5 million for the second quarter of 2014.  The decrease was primarily attributable to lower expenses due to the disposal of Shoes.com and lower marketing expenses, partially offset by higher store rent and facilities costs. As a percentage of net sales, selling and administrative expenses decreased to 38.3% for the second quarter of 2015, compared to 38.5% for the second quarter of 2014. 

Selling and administrative expenses decreased $1.9 million, or 0.7%, to $292.1 million for the six months ended August 1, 2015, compared to $294.0 million for the six months ended August 2, 2014.  The decrease was primarily attributable to lower expenses due to the disposal of Shoes.com and lower marketing expenses, partially offset by higher store rent and facilities costs and higher employee benefit costs. As a percentage of net sales, selling and administrative expenses increased to 38.6% for the six months ended August 1, 2015, compared to 38.1% for the six months ended August 2, 2014. 

Operating Earnings  

Operating earnings increased $2.2 million, or8.4%, to $27.7 million for thesecond quarter of 2015, compared to $25.5 million for thesecond quarter of 2014. The increase was due to a higher gross profit rate and lower selling and administrative expenses, as described above. As a percentage of net sales, operating earnings increasedto7.0% for thesecond quarter of 2015, comparedto 6.3% for thesecond quarter of 2014. 

Operating earnings increased $3.3 million, or6.5%, to $55.6 million for thesix months ended August 1, 2015, compared to $52.3 million for thesix months ended August 2, 2014. The increase was due to a higher gross profit rate and lower selling and administrative expenses, as described above. As a percentage of net sales, operating earnings increasedto7.4% for thesix months ended August 1, 2015, comparedto 6.8% for thesix months ended August 2, 2014. 

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BRAND PORTFOLIO
	Thirteen Weeks Ended										Twenty-six Weeks Ended
	August 1, 2015					August 2, 2014					August 1, 2015					August 2, 2014
				% of					% of					% of					% of
				Net					Net					Net					Net
($ millions)				Sales					Sales					Sales					Sales
Operating Results
Net sales	$	242.0		100.0	%	$	231.8		100.0	%	$	484.2		100.0	%	$	456.2		100.0	%
Cost of goods sold	158.7			65.6	%	153.1			66.1	%	320.6			66.2	%	300.6			65.9	%
Gross profit	83.3			34.4	%	78.7			33.9	%	163.6			33.8	%	155.6			34.1	%
Selling and administrative expenses	67.3			27.8	%	61.2			26.4	%	136.5			28.2	%	126.9			27.8	%
Operating earnings	$	16.0		6.6	%	$	17.5		7.5	%	$	27.1		5.6	%	$	28.7		6.3	%
Key Metrics
Wholesale/retail sales mix (%)	86%/14%					84%/16%					87%/13%					85%/15%
Change in wholesale net sales ($)	$	14.5				$	13.8				$	35.0				$	24.0
Unfilled order position at end of period	$	307.3				$	314.5
Same-store sales % change	(5.2		)%			2.3		%			(3.9		)%			(1.5		)%
Same-store sales $ change	$	(1.7	)			$	0.8				$	(2.4	)			$	(1.0	)
Sales change from new and closed stores, net	$	(0.7	)			$	(3.2	)			$	(1.4	)			$	(7.0	)
Impact of changes in Canadian exchange rate on retail sales	$	(1.9	)			$	(0.7	)			$	(3.2	)			$	(1.7	)
Sales per square foot, excluding e-commerce (thirteen weeks ended)	$	94				$	104				$	171				$	189
Sales per square foot, excluding e-commerce (trailing twelve months)	$	359				$	393				$	359				$	393
Square footage (thousands sq. ft.)	289					300					289					300
Stores opened	1					3					1					4
Stores closed	3					5					9					13
Ending stores	163					170					163					170

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Net Sales

Net sales increased $10.2 million, or4.4%, to $242.0 million for thesecond quarter of 2015, compared to $231.8 million forthe second quarter of 2014.  The increase reflects strength in many of our brands including Franco Sarto, Vince, Sam Edelman and LifeStride brands, partially offset by decreases in our Dr. Scholl's, Via Spiga and Ryka brands.  Our retail stores were impacted by a lower Canadian dollar exchange rate, a decline in same-store sales of 5.2% and a lower store count. During the second quarter of 2015, we opened one store and closed three stores, resulting in a total of 163 stores and total square footage of 0.3 million at the end of the second quarter of 2015, compared to 170 stores and total square footage of 0.3 million at the end of the second quarter of 2014. Sales per square foot, excluding e-commerce, decreased 9.9% to $94 for the second quarter of 2015, compared to $104 for the second quarter of 2014. Our unfilled order position decreased $7.2 million, or 2.3%, to $307.3 million as of August 1, 2015, from $314.5 million as of August 2, 2014 primarily due to declines in our Franco Sarto, Naturalizer and Dr. Scholl's brands, partially offset by increases in our Sam Edelman and LifeStride brands.

Net sales increased $28.0 million, or6.1%, to $484.2 million for thesix months ended August 1, 2015, compared to $456.2 million forthe six months ended August 2, 2014.  The increase reflects strength in many of our brands including Sam Edelman, Vince, LifeStride and Dr. Scholl's, partially offset by decreases in our Via Spiga and Ryka brands.  Our retail stores were impacted by a lower Canadian dollar exchange rate, a decline in same-store sales of 3.9% and a lower store count. During the six months ended August 1, 2015, we opened one store and closed nine stores. Sales per square foot, excluding e-commerce, decreased 9.1% to $171 for the six months ended August 1, 2015, compared to $189 for the six months ended August 2, 2014. On a trailing twelve month basis, sales per square foot, excluding e-commerce, decreased 8.5% to $359 for the twelve months ended August 1, 2015, compared to $393 for the twelve months ended August 2, 2014.

Gross Profit 

Gross profit increased $4.6 million, or 5.9%, to $83.3 million for the second quarter of 2015, compared to $78.7 million for the second quarter of 2014, driven by the increase in net sales and a higher gross profit rate. As a percentage of net sales, our gross profit was 34.4% for the second quarter of 2015, compared to 33.9% for the second quarter of 2014.  The increase in our gross profit rate was primarily driven by lower freight expenses, partially offset by a lower mix of retail sales in the second quarter of 2015.

Gross profit increased $8.0 million, or 5.1%, to $163.6 million for the six months ended August 1, 2015, compared to $155.6 million for the six months ended August 2, 2014, driven by the increase in net sales. As a percentage of net sales, our gross profit was 33.8% for the six months ended August 1, 2015, compared to 34.1% for the six months ended August 2, 2014.  

Selling and Administrative Expenses 

Selling and administrative expenses increased $6.1 million, or 10.0%, to $67.3 million for the second quarter of 2015, compared to $61.2 million for the second quarter of 2014, driven by an increase in salaries and benefits and higher marketing expenses, partially offset by lower anticipated payments under our cash-based incentive plans. As a percentage of net sales, selling and administrative expenses increased to 27.8% for the second quarter of 2015, compared to 26.4% for the second quarter of 2014. 

Selling and administrative expenses increased $9.6 million, or 7.6%, to $136.5 million for the six months ended August 1, 2015, compared to $126.9 million for the six months ended August 2, 2014, driven by the above named factors. As a percentage of net sales, selling and administrative expenses increased to 28.2% for the six months ended August 1, 2015, compared to 27.8% for the six months ended August 2, 2014. 

Operating Earnings 

Operating earnings decreased $1.5 million, or 8.5%, to $16.0 million for thesecond quarter of 2015, compared to $17.5 million for thesecond quarter of 2014. The decrease was primarily driven byan increase in selling and administrative expenses, partially offset by an increase in net sales and a higher gross profit rate. As a percentage of net sales, operating earnings decreased to6.6% for thesecond quarter of 2015, compared to7.5% in thesecond quarter of 2014. 

Operating earnings decreased $1.6 million, or 5.7%, to $27.1 million for thesix months ended August 1, 2015, compared to $28.7 million for thesix months ended August 2, 2014. The decrease was primarily driven byan increase in selling and administrative expenses and a lower gross profit rate, partially offset by an increase in net sales. As a percentage of net sales, operating earnings decreased to5.6% for thesix months ended August 1, 2015, compared to6.3% in thesix months ended August 2, 2014. 

OTHER

The Other category includes unallocated corporate administrative expenses and other costs and recoveries. Costs of $7.9 million were incurred for the second quarter of 2015 compared to costs of $11.7 million for the second quarter of 2014. The $3.8 million

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decrease in costs was primarily attributable to a gain on the sale of a building at our Corporate headquarters and lower pension expense.

Unallocated corporate administrative expenses and other costs and recoveries were $16.6 million for the six months ended August 1, 2015, compared to $20.9 million for the six months ended August 2, 2014. The $4.3 million decrease in costs was primarily attributable to the gain on sale of a building at our Corporate headquarters and lower pension expense, partially offset by higher anticipated payments under our cash-based incentive plans for the six months ended August 2015.

LIQUIDITY AND CAPITAL RESOURCES

Borrowings 

($ millions)	August 1, 2015		August 2, 2014		January 31, 2015
Current portion of long-term debt	$	39.2	$	—	$	—
Long-term debt – senior notes	200.0		199.1		199.2
Total debt	$	239.2	$	199.1	$	199.2

Total debt obligations of $239.2 million at August 1, 2015, increased $40.1 million compared to $199.1 million at August 2, 2014 and increased $40.0 million compared to $199.2 million at January 31, 2015, of which $39.3 million represents the remaining 2019 Senior Notes not tendered in the tender offer and redeemed in August 2015.  As a result of lower average borrowings under our Credit Agreement and lower fees resulting from the amendment of the Credit Agreement in the fourth quarter of 2014, interest expense for the second quarter of 2015 decreased $0.8 million to $4.3 million, compared to $5.1 million for the second quarter of 2014 and decreased $1.6 million to $8.8 million for the six months ended August 1, 2015, compared to $10.4 million for the six months ended August 2, 2014.

At August 1, 2015, we had no borrowings outstanding and $6.3 million in letters of credit outstanding under the Credit Agreement. Total borrowing availability was $593.7 million at August 1, 2015. We were in compliance with all covenants and restrictions under the Credit Agreement as of August 1, 2015. 

$200 Million Senior Notes 

As further discussed in Note 5 to the condensed consolidated financial statements, on July 20, 2015, we commenced a cash tender offer for any and all of our 2019 Senior Notes. The tender offer expired on July 24, 2015 and $160.7 million aggregate principal amount of the 2019 Senior Notes were tendered. The remaining $39.3 million aggregate principal amount of 2019 Senior Notes were redeemed in August 2015. During the second quarter, we recognized a loss on early extinguishment of debt of $8.7 million, comprised of the tender offer and call premiums, and the unamortized debt issuance costs and original issue discount associated with the portion of the 2019 Senior Notes that was redeemed prior to quarter-end. Of the $8.7 million loss on early extinguishment of debt, approximately $2.4 million was non-cash.

On July 27, 2015, we closed on the offering of $200.0 million aggregate principal amount of the 2023 Senior Notes in a private placement. The 2023 Senior Notes are guaranteed on a senior unsecured basis by each of the subsidiaries of Caleres, Inc. that is an obligor under the Credit Agreement. The 2023 Senior Notes bear interest at 6.25%, which is payable on February 15 and August 15 of each year beginning on February 15, 2016. The 2023 Senior Notes mature on August 15, 2023. Prior to August 15, 2018, we may redeem some or all of the 2023 Senior Notes at various redemption prices.

The net proceeds from the offering were approximately $196.3 million after deducting fees and expenses associated with the offering. We used the net proceeds, together with cash on hand, to redeem the outstanding 2019 Senior Notes. 

The 2023 Senior Notes also contain certain covenants and restrictions that limit certain activities including, among other things, levels of indebtedness, payments of dividends, the guarantee or pledge of assets, certain investments, common stock repurchases, mergers and acquisitions and sales of assets. As of August 1, 2015, we were in compliance with all covenants and restrictions relating to the 2023 Senior Notes.

Subsequent Event - On August 26, 2015, we redeemed the remaining $39.3 million of outstanding 2019 Senior Notes and recognized a loss on early extinguishment of debt of $2.0 million, of which approximately $0.6 million was non-cash.

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Working Capital and Cash Flow

	Twenty-six Weeks Ended
($ millions)	August 1, 2015			August 2, 2014			Change
Net cash provided by operating activities	$	101.3		$	66.5		$	34.8
Net cash used for investing activities	(20.5		)	(91.3		)	70.8
Net cash used for financing activities	(18.5		)	(11.5		)	(7.0		)
Effect of exchange rate changes on cash and cash equivalents	(0.4		)	0.6			(1.0		)
Increase (decrease) in cash and cash equivalents	$	61.9		$	(35.7	)	$	97.6

Reasons for the major variances in cash provided (used) in the table above are as follows: 

Cash provided by operating activities was $34.8 million higher in the six months ended August 1, 2015 as compared to the six months ended August 2, 2014, reflecting the following factors:  

• A larger increase in trade accounts payable in the six months ended August 1, 2015 compared to the comparable period in 2014 due to the timing of payments;

• A smaller increase in inventories in the six months ended August 1, 2015 compared to the comparable period in 2014, and

• Higher net earnings (adjusted for non-operating activities); partially offset by

• A decrease in accrued expenses and other liabilities in the six months ended August 1, 2015 driven by the payment of our cash-based incentive plans compared to an increase in the six months ended August 2, 2014;

Cash used for investing activities was $70.8 million lower in the six months ended August 1, 2015, as compared to the comparable period in 2014 due primarily to the $65.1 million acquisition of the Franco Sarto trademarks in the first quarter of 2014 and the $7.1 million in proceeds from disposal of property and equipment related to the sale of a building at our Corporate headquarters. These variances were partially offset by higher purchases of property and equipment in the six months ended August 1, 2015, driven by leasehold improvements associated with the relocation of one of our leased office facilities in New York City. For fiscal 2015, we expect purchases of property and equipment and capitalized software of approximately $75 million. 

Cash used for financing activities was $7.0 million higher for the six months ended August 1, 2015 as compared to the comparable period in 2014 primarily due to the acquisition of treasury stock in the first quarter of 2015, debt issuance costs associated with the offering of the 2023 Senior Notes in the second quarter of 2015 and an increase in common stock issued under share-based plans, partially offset by a decrease in net repayments under our revolving credit agreement.

A summary of key financial data and ratios at the dates indicated is as follows: 

	August 1, 2015			August 2, 2014			January 31, 2015
Working capital ($ millions) (1)	$	419.3		$	368.3		$	393.8
Current ratio (2)	1.73:1			1.74:1			1.99:1
Debt-to-capital ratio (3)	29.6		%	28.1		%	26.9		%

(1) Working capital has been computed as total current assets less total current liabilities.

(2) The current ratio has been computed by dividing total current assets by total current liabilities.

(3) The debt-to-capital ratio has been computed by dividing total debt by total capitalization. Total debt is defined as long-term debt (including current portion) and borrowings under the revolving credit agreement. Total capitalization is defined as total debt and total shareholders’ equity.

Working capital at August 1, 2015 was $419.3 million, which was $25.5 million higher than at January 31, 2015 and $51.0 million higher than at August 2, 2014. Our current ratio decreased to 1.73 to 1 as of August 1, 2015, compared to 1.99 to 1 at January 31, 2015, and 1.74 to 1 at August 2, 2014. The increase in working capital from January 31, 2015 to August 1, 2015 reflects higher cash and cash equivalents (including restricted cash), higher inventory levels and a decrease in other accrued expenses driven by the payment of our cash-based incentive plans in the first quarter of 2015, partially offset by an increase in trade accounts payable

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and the current portion of long-term debt.  The decrease in the current ratio from January 31, 2015 to August 1, 2015 is primarily attributable to higher trade accounts payable and current portion of long-term debt, partially offset by higher cash and cash equivalents (including restricted cash) and higher inventory levels in the six months ended August 1, 2015. The increase in working capital from August 2, 2014 to August 1, 2015 reflects higher cash and cash equivalents (including restricted cash) and an increase in receivables, partially offset by higher trade accounts payable, an increase in the current portion of long-term debt and lower inventory levels. Our debt-to-capital ratio was 29.6% as of August 1, 2015, compared to 26.9% as of January 31, 2015 and 28.1% as of August 2, 2014. The increase in our debt-to-capital ratio from January 31, 2015 and August 2, 2014 reflects a higher current portion of long-term debt due to the 2019 Senior Notes that were called during the second quarter of 2015 but were not redeemed until the third quarter.  

At August 1, 2015, we had $129.3 million of cash and cash equivalents, the majority of which represents cash and cash equivalents of our foreign subsidiaries. In accordance with Internal Revenue Service guidelines limiting the length of time that our parent company can borrow funds from foreign subsidiaries, the Company utilizes the cash and cash equivalents of its foreign subsidiaries to manage the liquidity needs of the consolidated company and minimize interest expense on a consolidated basis. We also had $41.5 million of restricted cash at August 1, 2015, representing deposits with the trustee for the redemption of the remaining 2019 Senior Notes outstanding at quarter-end. 

We declared and paid dividends of $0.07 per share in both the second quarter of 2015 and the second quarter of 2014. The declaration and payment of any future dividend is at the discretion of the Board of Directors and will depend on our results of operations, financial condition, business conditions and other factors deemed relevant by our Board of Directors. However, we presently expect that dividends will continue to be paid. 

CONTRACTUAL OBLIGATIONS

Our contractual obligations primarily consist of purchase obligations, operating lease commitments, long-term debt, interest on long-term debt, minimum license commitments,  borrowings under our revolving credit agreement, obligations for our supplemental executive retirement plan and other postretirement benefits and obligations related to our restructuring initiatives.

Except for changes within the normal course of business (primarily changes in purchase obligations, which fluctuate throughout the year as a result of the seasonal nature of our operations, borrowings under and repayments of our revolving credit agreement, changes to current portion of long-term debt associated with the redemption of our 2019 Senior Notes, and changes in operating lease commitments as a result of new stores, store closures and lease renewals), there have been no other significant changes to our contractual obligations identified in our Annual Report on Form 10-K for the year ended January 31, 2015.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

No material changes have occurred related to critical accounting policies and estimates since the end of the most recent fiscal year. For further information, see Part II, Item 7 of our Annual Report on Form 10-K for the year ended January 31, 2015. 

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Recently issued accounting pronouncements and their impact on the Company are described in Note 2 to the condensed consolidated financial statements. 

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FORWARD-LOOKING STATEMENTS

This Form 10-Q contains certain forward-looking statements and expectations regarding the Company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These risks include (i) changing consumer demands, which may be influenced by consumers' disposable income, which in turn can be influenced by general economic conditions; (ii) rapidly changing fashion trends and purchasing patterns; (iii) intense competition within the footwear industry; (iv) political and economic conditions or other threats to the continued and uninterrupted flow of inventory from China and other countries, where the Company relies heavily on third-party manufacturing facilities for a significant amount of its inventory; (v) the ability to accurately forecast sales and manage inventory levels; (vi) cybersecurity threats or other major disruption to the Company’s information technology systems; (vii) customer concentration and increased consolidation in the retail industry; (viii) a disruption in the Company’s distribution centers; (ix) the ability to recruit and retain senior management and other key associates; (x) foreign currency fluctuations; (xi) compliance with applicable laws and standards with respect to labor, trade and product safety issues; (xii) the ability to secure/exit leases on favorable terms; (xiii) the ability to attract, retain and maintain good relationships with licensors and protect intellectual property rights; and (xiv) the ability to maintain relationships with current suppliers. The Company's reports to the Securities and Exchange Commission contain detailed information relating to such factors, including, without limitation, the information under the caption “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended January 31, 2015, which information is incorporated by reference herein and updated by the Company’s Quarterly Reports on Form 10-Q. The Company does not undertake any obligation or plan to update these forward-looking statements, even though its situation may change.

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

No material changes have taken place in the quantitative and qualitative information about market risk since the end of the most recent fiscal year. For further information, see Part II, Item 7A of the Company's Annual Report on Form 10-K for the year ended January 31, 2015.  

ITEM 4 CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

It is the Chief Executive Officer's and Chief Financial Officer's ultimate responsibility to ensure we maintain disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms and is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our disclosure controls and procedures include mandatory communication of material events, automated accounting processing and reporting, management review of monthly, quarterly and annual results, an established system of internal controls and internal control reviews by our internal auditors. 

A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Furthermore, the design of a control system must reflect the fact there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to errors or fraud may occur and not be detected.  Our disclosure controls and procedures are designed to provide a reasonable level of assurance that their objectives are achieved.  As of August 1, 2015, management of the Company, including the Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934). Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded our disclosure controls and procedures were effective at the reasonable assurance level. 

There were no significant changes to internal control over financial reporting during the quarter ended August 1, 2015, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.  

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PART II OTHER INFORMATION

ITEM 1 LEGAL PROCEEDINGS

We are involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such ordinary course of business proceedings and litigation currently pending will not have a material adverse effect on our results of operations or financial position. All legal costs associated with litigation are expensed as incurred. 

Information regarding Legal Proceedings is set forth within Note 15 to the condensed consolidated financial statements and incorporated by reference herein. 

ITEM 1A RISK FACTORS

No material changes have occurred related to our risk factors since the end of the most recent fiscal year. For further information, see Part I, Item 1A of our Annual Report on Form 10-K for the year ended January 31, 2015. 

ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table provides information relating to our repurchases of common stock during the second quarter of 2015:

					Maximum Number of Shares that May Yet be Purchased Under the Program (1)
				Total Number Purchased as Part of Publicly Announced Program (1)
	Total Number of Shares Purchased (2)	Average Price Paid per Share (2)
Fiscal Period
May 3, 2015 – May 30, 2015	24,501	$	30.40	—	2,348,500
May 31, 2015 – July 4, 2015	3,335	32.51		—	2,348,500
July 5, 2015 – August 1, 2015	—	—		—	2,348,500
Total	27,836	$	30.66	—	2,348,500

(1) On August 25, 2011, the Board of Directors approved a stock repurchase program authorizing the repurchase of up to 2.5 million shares of our outstanding common stock. We can use the repurchase program to repurchase shares on the open market or in private transactions from time to time, depending on market conditions. The repurchase program does not have an expiration date. Under this plan, 151,500 shares were repurchased during the first quarter of 2015; therefore, there were 2.3 million shares authorized to be purchased under the program as of August 1, 2015. Our repurchases of common stock are limited under our debt agreements. 

(2) Includes shares that were tendered by employees related to certain share-based awards. The shares related to employee share-based awards were tendered in satisfaction of the exercise price of stock options and/or to satisfy minimum tax withholding amounts for non-qualified stock options, restricted stock and stock performance awards. Accordingly, these share purchases are not considered a part of our publicly announced stock repurchase program. 

ITEM 3 DEFAULTS UPON SENIOR SECURITIES

None. 

ITEM 4 MINE SAFETY DISCLOSURES

Not applicable. 

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ITEM 5 OTHER INFORMATION

None. 

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ITEM 6 EXHIBITS

Exhibit   No.
3.1		Restated Certificate of Incorporation of Caleres, Inc. (the “Company”) incorporated herein by reference to Exhibit 3.1 to the Company's Form 8-K filed June 1, 2015.
3.2		Bylaws of the Company as amended through May 28, 2015, incorporated herein by reference to Exhibit 3.2 to the Company’s Form 8-K filed June 1, 2015.
4.1		Indenture for the 6.250% Senior Notes due 2023, dated July 27, 2015 among the Company, the subsidiary guarantors set forth therein, and Wells Fargo Bank, National Association, as trustee, incorporated herein by reference to Exhibit 4.1 to the Company’s Form 8-K filed July 27, 2015.
4.2		Form of 6.250% Senior Notes due 2023 (included in Exhibit 4.1).
10.1		First Amendment to Credit Agreement, dated July 20, 2015, among the Company, as lead borrower for itself and on behalf of certain of its subsidiaries, and the financial institutions party thereto, incorporated herein by reference to Exhibit 10.1 to the Company’s Form 8-K filed July 20, 2015.
10.2		Registration Rights Agreement for the 6.250% Senior Notes due 2023 dated as of July 27, 2015, among the Company, the Guarantors and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representative of the several initial purchasers set forth therein, incorporated herein by reference to Exhibit 10.1 to the Company’s Form 8-K filed July 27, 2015.
31.1	†	Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	†	Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	†	Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	†	XBRL Instance Document
101.SCH  101.CAL  101.LAB  101.PRE  101.DEF	†  †  †  †  †	XBRL Taxonomy Extension Schema Document   XBRL Taxonomy Extension Calculation Linkbase Document   XBRL Taxonomy Extension Label Linkbase Document   XBRL Taxonomy Presentation Linkbase Document   XBRL Taxonomy Definition Linkbase Document

† Denotes exhibit is filed with this Form 10-Q. 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. 

	CALERES, INC.
Date: September 9, 2015	/s/ Kenneth H. Hannah
	Kenneth H. Hannah Senior Vice President and Chief Financial Officer   on behalf of the Registrant and as the Principal Financial Officer

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EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Diane M. Sullivan, certify that:

1. I have reviewed this report on Form 10-Q of Caleres, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Diane M. Sullivan

Diane M. Sullivan

Chief Executive Officer, President and Chairman of the Board of Directors

Caleres, Inc.

September 9, 2015

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Kenneth H. Hannah, certify that:

1. I have reviewed this report on Form 10-Q of Caleres, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Kenneth H. Hannah

Kenneth H. Hannah

Senior Vice President and Chief Financial Officer

Caleres, Inc.

September 9, 2015

EX-32.1

Exhibit 32.1

Certification Pursuant to

18 U.S.C. §1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Caleres, Inc. (the “Registrant”) on Form 10-Q for the quarter ended August 1, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), we, Diane M. Sullivan, Chief Executive Officer, President and Chairman of the Board of Directors of the Registrant, and Kenneth H. Hannah, Senior Vice President and Chief Financial Officer of the Registrant, certify, to the best of our knowledge, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

/s/ Diane M. Sullivan

Diane M. Sullivan

Chief Executive Officer, President and Chairman of the Board of Directors

Caleres, Inc.

September 9, 2015

/s/ Kenneth H. Hannah

Kenneth H. Hannah

Senior Vice President and Chief Financial Officer

Caleres, Inc.

September 9, 2015

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Shareholders' Equity (Schedule Of Changes In Shareholders' Equity And Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	May. 02, 2015
Shareholders' Equity [Line Items]
Net Income (Loss) Attributable to Parent	$ 16,825	$ 18,064	$ 36,086	$ 33,493
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			541,622
Net earnings	16,863	18,039	36,254	33,515
Other comprehensive income (loss)	(645)	(512)	315	(35)
Treasury Stock, Value	(4,921)		(4,921)		$ (4,921)
Issuance of common stock under share-based plans, net			(4,428)	(523)
Share-based compensation expense	1,993	1,406	3,680	2,961
Equity, ending balance	569,228	509,252	569,228	509,252
Caleres, Inc. Shareholders' Equity [Member]
Shareholders' Equity [Line Items]
Net Income (Loss) Attributable to Parent			16,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			540,910	476,699
Net earnings				33,493
Other comprehensive income (loss)	(645)		315	(35)
Dividends paid			(6,135)	(6,110)
Treasury Stock, Value	(4,921)		(4,921)
Issuance of common stock under share-based plans, net			(4,428)	(523)
Tax benefit related to share-based plans			2,838	2,097
Share-based compensation expense			3,680	2,961
Equity, ending balance	568,345	508,582	568,345	508,582
Noncontrolling Interests [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			712	663
Net earnings			168	22
Other comprehensive income (loss)			3	(15)
Equity, ending balance	883	670	883	670
Total Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			541,622	477,362
Net earnings			36,254	33,515
Other comprehensive income (loss)			318	(50)
Dividends paid			(6,135)	(6,110)
Treasury Stock, Value	(4,921)		(4,921)
Issuance of common stock under share-based plans, net			(4,428)	(523)
Tax benefit related to share-based plans			2,838	2,097
Share-based compensation expense			3,680	2,961
Equity, ending balance	$ 569,228	$ 509,252	$ 569,228	$ 509,252

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Financial Information For The Company And Its Subsidiaries (Schedule Of Condensed Consolidating Statement Of Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Aug. 01, 2015	May. 02, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Condensed Income Statements, Captions [Line Items]
Net sales	$ 637,834		$ 635,877	$ 1,240,117	$ 1,227,039
Cost of goods sold	375,039	$ 375,039	376,235	728,796	725,056
Gross profit	262,795		259,642	511,321	501,983
Selling and administrative expenses	227,061		228,340	445,251	441,955
Operating earnings	35,734		31,302	66,070	60,028
Interest expense	(4,345)		(5,125)	(8,808)	(10,431)
Gains (Losses) on Extinguishment of Debt	(8,690)			(8,690)
Interest income	238		109	542	185
Earnings before income taxes	22,937		26,286	49,114	49,782
Income tax benefit (provision)	(6,074)		(8,247)	(12,860)	(16,267)
Net earnings	16,863		18,039	36,254	33,515
Net earnings	16,863		18,039	36,254	33,515
Less: Net earnings (loss) attributable to noncontrolling interests	38		(25)	168	22
Net earnings attributable to Caleres, Inc.	16,825		18,064	36,086	33,493
Comprehensive (loss) income	16,218		17,527	36,569	33,480
Comprehensive (loss) income attributable to noncontrolling interest	37		(28)	171	7
Comprehensive (loss) income attributable to Caleres, Inc.	16,181		17,555	36,398	33,473
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	196,809		183,598	389,160	362,758
Cost of goods sold	144,750		136,433	282,343	263,899
Gross profit	52,059		47,165	106,817	98,859
Selling and administrative expenses	60,220		57,149	113,197	106,346
Operating earnings	(8,161)		(9,984)	(6,380)	(7,487)
Interest expense	(4,345)		(5,125)	(8,807)	(10,430)
Gains (Losses) on Extinguishment of Debt	8,690			8,690
Interest income	196		12	448	13
Intercompany interest income (expense)	3,432		3,828	7,109	7,802
Earnings before income taxes	(17,568)		(11,269)	(16,320)	(10,102)
Income tax benefit (provision)	3,651		1,684	5,335	2,148
Equity in earnings (loss) of subsidiaries, net of tax	30,742		27,649	47,071	41,447
Net earnings			18,064		33,493
Net earnings	16,825			36,086
Net earnings attributable to Caleres, Inc.	16,825		18,064	36,086	33,493
Comprehensive (loss) income	16,181		17,555	36,398	33,473
Comprehensive (loss) income attributable to Caleres, Inc.	16,181		17,555	36,398	33,473
Guarantors [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	415,717		417,917	795,906	795,330
Cost of goods sold	225,771		229,064	427,354	433,619
Gross profit	189,946		188,853	368,552	361,711
Selling and administrative expenses	164,064		164,142	316,310	310,783
Operating earnings	25,882		24,711	52,242	50,928
Interest expense	0			(1)	(1)
Interest income	0		0	0	0
Intercompany interest income (expense)	(3,471)		(3,787)	(7,193)	(7,720)
Earnings before income taxes	22,411		20,924	45,048	43,207
Income tax benefit (provision)	(7,570)		(8,375)	(15,590)	(17,229)
Equity in earnings (loss) of subsidiaries, net of tax	0		0	0	0
Net earnings			12,549		25,978
Net earnings	14,841			29,458
Net earnings attributable to Caleres, Inc.	14,841		12,549	29,458	25,978
Comprehensive (loss) income	14,229		12,541	29,570	26,526
Comprehensive (loss) income attributable to Caleres, Inc.	14,229		12,541	29,570	26,526
Non-Guarantors [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	81,169		94,578	136,150	158,931
Cost of goods sold	47,563		60,154	84,526	103,156
Gross profit	33,606		34,424	51,624	55,775
Selling and administrative expenses	15,593		17,849	31,416	39,188
Operating earnings	18,013		16,575	20,208	16,587
Interest expense	0
Interest income	42		97	94	172
Intercompany interest income (expense)	39		(41)	84	(82)
Earnings before income taxes	18,094		16,631	20,386	16,677
Income tax benefit (provision)	(2,155)		(1,556)	(2,605)	(1,186)
Equity in earnings (loss) of subsidiaries, net of tax	394		81	378	(207)
Net earnings			15,156		15,284
Net earnings	16,333			18,159
Less: Net earnings (loss) attributable to noncontrolling interests	38		(25)	168	22
Net earnings attributable to Caleres, Inc.	16,295		15,181	17,991	15,262
Comprehensive (loss) income	15,719		15,143	18,275	15,818
Comprehensive (loss) income attributable to noncontrolling interest	37		(28)	171	7
Comprehensive (loss) income attributable to Caleres, Inc.	15,682		15,171	18,104	15,811
Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(55,861)		(60,216)	(81,099)	(89,980)
Cost of goods sold	(43,045)		(49,416)	(65,427)	(75,618)
Gross profit	(12,816)		(10,800)	(15,672)	(14,362)
Selling and administrative expenses	(12,816)		(10,800)	(15,672)	(14,362)
Operating earnings	0
Interest expense	0
Equity in earnings (loss) of subsidiaries, net of tax	(31,136)		(27,730)	(47,449)	(41,240)
Net earnings			(27,730)		(41,240)
Net earnings	(31,136)			(47,449)
Net earnings attributable to Caleres, Inc.	(31,136)		(27,730)	(47,449)	(41,240)
Comprehensive (loss) income	(29,911)		(27,712)	(47,674)	(42,337)
Comprehensive (loss) income attributable to Caleres, Inc.	$ (29,911)		$ (27,712)	$ (47,674)	$ (42,337)

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Fair Value Measurements (Schedule Of Fair Value Of Financial Instruments) (Details) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015	Aug. 02, 2014
Fair Value Disclosures [Abstract]
Senior Notes, Current	$ 39,157
Short-term Debt, Fair Value	40,823
Long-term debt – Senior Notes, Carrying Amount	200,000	$ 199,197	$ 199,104
Long-term debt – Senior Notes, Fair Value	$ 202,000	$ 208,000	$ 210,750

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Financial Information For The Company And Its Subsidiaries (Schedule Of Condensed Consolidating Statement Of Cash Flows) (Details) - USD ($) $ in Thousands		6 Months Ended
	Feb. 03, 2014	Aug. 01, 2015	Aug. 02, 2014	May. 02, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities		$ 101,255	$ 66,491
Purchases of property and equipment		(24,872)	(23,511)
Property, Plant and Equipment, Disposals		7,111
Capitalized software		(2,698)	(2,714)
Proceeds from Divestiture of Businesses, Net of Cash Divested			0
Acquisition of trademarks	$ 65,000	0	(65,065)
Net cash used for investing activities		(20,459)	(91,290)
Borrowings under revolving credit agreement		86,000	456,000
Repayments under revolving credit agreement		(86,000)	(463,000)
Proceeds from Issuance of Senior Long-term Debt		200,000
Early Repayment of Senior Debt		(160,700)
Proceeds from (Repayments of) Restricted Cash, Financing Activities		(41,482)
Debt Issuance Cost		(3,650)
Dividends paid		(6,135)	(6,110)
Treasury Stock, Value		(4,921)		$ (4,921)
Issuance of common stock under share-based plans, net		(4,428)	(523)
Tax benefit related to share-based plans		2,838	2,097
Net cash used for financing activities		(18,478)	(11,536)
Effect of exchange rate changes on cash and cash equivalents		(376)	665
Decrease in cash and cash equivalents		61,942	(35,670)
Cash and cash equivalents at beginning of period		67,403	82,546
Cash and cash equivalents at end of period		129,345	46,876
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities		(3,561)	(14,071)
Purchases of property and equipment		(9,933)	(2,810)
Property, Plant and Equipment, Disposals		7,111
Capitalized software		(1,959)	(2,642)
Proceeds from Divestiture of Businesses, Net of Cash Divested		253	(624)
Acquisition of trademarks			65,065
Net cash used for investing activities		(5,034)	(71,141)
Borrowings under revolving credit agreement		86,000	456,000
Repayments under revolving credit agreement		(86,000)	(463,000)
Proceeds from Issuance of Senior Long-term Debt		200,000
Early Repayment of Senior Debt		(160,700)
Proceeds from (Repayments of) Restricted Cash, Financing Activities		(41,482)
Debt Issuance Cost		(3,650)
Dividends paid		(6,135)	(6,110)
Treasury Stock, Value		(4,921)
Issuance of common stock under share-based plans, net		(4,428)	(523)
Tax benefit related to share-based plans		2,838	2,097
Intercompany financing		55,920	96,748
Net cash used for financing activities		37,442	85,212
Decrease in cash and cash equivalents		28,847
Cash and cash equivalents at beginning of period		13,891
Cash and cash equivalents at end of period		42,738
Guarantors [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities		71,298	57,490
Purchases of property and equipment		(14,470)	(19,355)
Capitalized software		(739)	(43)
Proceeds from Divestiture of Businesses, Net of Cash Divested		253	(295)
Acquisition of trademarks			0
Net cash used for investing activities		(14,956)	(19,693)
Intercompany financing		(43,600)	(37,797)
Net cash used for financing activities		(43,600)	(37,797)
Effect of exchange rate changes on cash and cash equivalents		0	0
Decrease in cash and cash equivalents		12,742	0
Cash and cash equivalents at beginning of period		0	0
Cash and cash equivalents at end of period		12,742	0
Non-Guarantors [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities		33,518	23,072
Purchases of property and equipment		(469)	(1,346)
Capitalized software		0	(29)
Proceeds from Divestiture of Businesses, Net of Cash Divested			919
Net cash used for investing activities		(469)	(456)
Intercompany financing		(12,320)	(58,951)
Net cash used for financing activities		(12,320)	(58,951)
Effect of exchange rate changes on cash and cash equivalents		(376)	665
Decrease in cash and cash equivalents		20,353	(35,670)
Cash and cash equivalents at beginning of period		53,512	82,546
Cash and cash equivalents at end of period		$ 73,865	$ 46,876

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Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Aug. 01, 2015	May. 02, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferral percentage of base salary				50.00%
Percentage component of compensation allowed as deferral under deferred compensation plan				100.00%
Minimum pay out percentage				0.00%
Maximum pay out percentage				200.00%
Long-lived assets held for use		$ 82,300			$ 85,500
Selling and Administrative Expenses [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge of long-lived assets			$ 433	$ 483	858
Selling and Administrative Expenses [Member] | Famous Footwear [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge of long-lived assets	$ 300		200	500	400
Selling and Administrative Expenses [Member] | Specialty Retail [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge of long-lived assets	$ 200		$ 200	$ 400	$ 300
Performance Share Units [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Requisite service period				3 years
Maximum pay out percentage				200.00%

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Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
NUMERATOR
Net earnings	$ 16,863	$ 18,039	$ 36,254	$ 33,515
Net earnings attributable to noncontrolling interests	(38)	25	(168)	(22)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	544	669	1,195	1,262
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$ 16,281	$ 17,395	$ 34,891	$ 32,231
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	42,325,000	42,074,000	42,319,000	41,980,000
Dilutive effect of share-based awards	123,000	202,000	136,000	218,000
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	42,448,000	42,276,000	42,455,000	42,198,000
Basic earnings (loss) per common share:
Basic earnings per common share attributable to Caleres, Inc. shareholders	$ 0.38	$ 0.41	$ 0.82	$ 0.77
Diluted earnings (loss) per common share:
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$ 0.38	$ 0.41	$ 0.82	$ 0.76
Options to purchase common stock, not included in computation of diluted earnings per common share			61,497	64,497

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Goodwill And Intangible Assets (Tables)

6 Months Ended

Aug. 01, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Goodwill And Intangible Assets

Goodwill and intangible assets attributable to the Company's operating segments were as follows:

($ thousands)	August 1, 2015			August 2, 2014			January 31, 2015
Intangible Assets
Famous Footwear	$	2,800		$	3,000		$	2,800
Brand Portfolio	183,068			183,068			183,068
Total intangible assets	185,868			186,068			185,868
Accumulated amortization	(67,085		)	(63,260		)	(65,235		)
Total intangible assets, net	118,783			122,808			120,633
Goodwill
Brand Portfolio	13,954			13,954			13,954
Total goodwill	13,954			13,954			13,954
Goodwill and intangible assets, net	$	132,737		$	136,762		$	134,587

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Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Brown Shoe Company, Inc. [Member]
Related Party Transaction [Line Items]
Joint venture, ownership percentage			51.00%
Hongguo International Holdings Limited [Member]
Related Party Transaction [Line Items]
Joint venture, ownership percentage			49.00%
B&H Footwear [Member]
Related Party Transaction [Line Items]
Sales to related parties	$ 2.1	$ 1.4	$ 4.7	$ 3.4

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Retirement And Other Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,993	$ 2,239	$ 6,322	$ 4,826
Interest cost	3,578	3,560	7,164	7,116
Expected return on assets	(8,190)	(6,197)	(15,845)	(12,381)
Amortization of:
Actuarial loss (gain)	143	67	309	102
Prior service (income) expense	(481)	6	(956)	14
Total net periodic benefit (income) cost	(1,957)	(325)	(3,006)	(323)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost	14	12	28	24
Expected return on assets	0	0	0	0
Amortization of:
Actuarial loss (gain)	(63)	(132)	(111)	(217)
Prior service (income) expense	0	0	0	0
Total net periodic benefit (income) cost	$ (49)	$ (120)	$ (83)	$ (193)

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Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 03, 2014	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Jan. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization		$ 20,800		$ 20,800		$ 21,000
Amortization expense related to intangible assets				1,850	$ 1,976
Intangible assets acquired	$ (65,000)			0	65,065
Transaction costs	$ 100
Intangible Assets, Explanation of Significant Deletions						.2
Primarily Owned and Licensed Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to intangible assets		$ 900	$ 1,000	$ 1,900	$ 2,000
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives	40 years
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives				15 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives				40 years

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Financial Information For The Company And Its Subsidiaries (Narrative) (Details)	6 Months Ended
	Aug. 01, 2015
Financial Information For The Company And Its Subsidiaries [Abstract]
Guarantors, ownership percentage by parent	100.00%

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Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	May. 02, 2015	Aug. 02, 2014	Aug. 01, 2015	Jan. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long Lived Assets Held For Use	$ 82,300	$ 85,500
Cash Equivalents - Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		8,457	$ 91,709	$ 35,533
Cash Equivalents - Money Market Funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		8,457	91,709	35,533
Cash Equivalents - Money Market Funds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		0	0	0
Cash Equivalents - Money Market Funds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		0	0	0
Non-Qualified Deferred Compensation Plan Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		2,765	3,879	2,904
Non-Qualified Deferred Compensation Plan Assets [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		2,765	3,879	2,904
Non-Qualified Deferred Compensation Plan Assets [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		0	0	0
Non-Qualified Deferred Compensation Plan Assets [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		0	0	0
Non-Qualified Deferred Compensation Plan Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(2,765)	(3,879)	(2,904)
Non-Qualified Deferred Compensation Plan Liabilities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(2,765)	(3,879)	(2,904)
Non-Qualified Deferred Compensation Plan Liabilities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Non-Qualified Deferred Compensation Plan Liabilities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Deferred Compensation Plan Liabilities For Non-Employee Directors [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(1,983)	(2,423)	(2,066)
Deferred Compensation Plan Liabilities For Non-Employee Directors [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(1,983)	(2,423)	(2,066)
Deferred Compensation Plan Liabilities For Non-Employee Directors [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Deferred Compensation Plan Liabilities For Non-Employee Directors [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Restricted Stock Units [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(8,103)	(10,263)	(8,857)
Restricted Stock Units [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(8,103)	(10,263)	(8,857)
Restricted Stock Units [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Restricted Stock Units [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Performance Share Units [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(895)	(3,518)	(5,147)
Performance Share Units [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(895)	(3,518)	(5,147)
Performance Share Units [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Performance Share Units [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		0	0	0
Derivative Financial Instruments, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		(376)	713	79
Derivative Financial Instruments, Net [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		0	0	0
Derivative Financial Instruments, Net [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		(376)	713	79
Derivative Financial Instruments, Net [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value		$ 0	0	0
Convertible Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value			(7,118)	(6,957)
Convertible Debt Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value			$ (7,118)	$ (6,957)

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Earnings (Loss) Per Share

6 Months Ended

Aug. 01, 2015

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Note 4 Earnings Per Share

The Company uses the two-class method to compute basic and diluted earnings per common share attributable to Caleres, Inc. shareholders. In periods of net loss, no effect is given to the Company’s participating securities since they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted earnings per common share attributable to Caleres, Inc. shareholders for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands, except per share amounts)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
NUMERATOR
Net earnings	$	16,863		$	18,039		$	36,254		$	33,515
Net (earnings) loss attributable to noncontrolling interests	(38		)	25			(168		)	(22		)
Net earnings allocated to participating securities	(544		)	(669		)	(1,195		)	(1,262		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	16,281		$	17,395		$	34,891		$	32,231
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	42,325			42,074			42,319			41,980
Dilutive effect of share-based awards	123			202			136			218
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	42,448			42,276			42,455			42,198
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.77
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.76

Options to purchase 61,497 shares of common stock for the thirteen and twenty-six weeks endedAugust 1, 2015 and 64,497 shares of common stock for the thirteen and twenty-six weeks endedAugust 2, 2014 were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive.

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Risk Management And Derivatives (Schedule Of Contract Notional Amount Of All Purchase And Sale Contracts Of A Foreign Currency) (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Feb. 01, 2014	Jan. 31, 2015
Derivative [Line Items]
Derivative, Maturity Date	Jul. 29, 2016
Forward Contracts [Member]
Derivative [Line Items]
Derivative, Maturity Date	Jul. 29, 2016	Aug. 31, 2015	Jan. 01, 2016
Notional contract amount of all purchase and sale contracts of a foreign currency	$ 55,740	$ 50,854		$ 53,389
U.S. Dollars (Purchased By The Company's Canadian Division With Canadian Dollars) [Member] | Forward Contracts [Member]
Derivative [Line Items]
Notional contract amount of all purchase and sale contracts of a foreign currency	19,650	20,973		19,633
Chinese Yuan [Member] | Forward Contracts [Member]
Derivative [Line Items]
Notional contract amount of all purchase and sale contracts of a foreign currency	15,214	14,524		14,512
Euro [Member] | Forward Contracts [Member]
Derivative [Line Items]
Notional contract amount of all purchase and sale contracts of a foreign currency	18,035	12,331		16,152
Japanese Yen [Member] | Forward Contracts [Member]
Derivative [Line Items]
Notional contract amount of all purchase and sale contracts of a foreign currency	1,208	1,613		1,523
Taiwan, New Dollars | Forward Contracts [Member]
Derivative [Line Items]
Notional contract amount of all purchase and sale contracts of a foreign currency	537	598		599
Other Currencies [Member] | Forward Contracts [Member]
Derivative [Line Items]
Notional contract amount of all purchase and sale contracts of a foreign currency	$ 1,096	$ 815		$ 970

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Risk Management And Derivatives (Tables)

6 Months Ended

Aug. 01, 2015

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule Of Contract Notional Amount Of All Purchase And Sale Contracts Of A Foreign Currency

As of August 1, 2015, August 2, 2014 and January 31, 2015, the Company had forward contracts maturing at various dates through July 2016,  August 2015 and January 2016, respectively. The contract notional amount represents the net amount of all purchase and sale contracts of a foreign currency.

	Contract Notional Amount
(U.S. $ equivalent in thousands)	August 1, 2015		August 2, 2014		January 31, 2015
Financial Instruments
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	$	19,650	$	20,973	$	19,633
Euro	18,035		12,331		16,152
Chinese yuan	15,214		14,524		14,512
Japanese yen	1,208		1,613		1,523
New Taiwanese dollars	537		598		599
Other currencies	1,096		815		970
Total financial instruments	$	55,740	$	50,854	$	53,389

Schedule Of Effect Of Derivative Instruments In Cash Flow Hedging Relationships On Condensed Consolidated Statements Of Earnings And Balance Sheet

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of August 1, 2015, August 2, 2014 and January 31, 2015 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange forward contracts:
August 1, 2015	Prepaid expenses and other current assets	$	1,166	Other accrued expenses	$	453
August 2, 2014	Prepaid expenses and other current assets	239		Other accrued expenses	615
January 31, 2015	Prepaid expenses and other current assets	1,863		Other accrued expenses	1,784

For the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended				Thirteen Weeks Ended
($ thousands)	August 1, 2015				August 2, 2014
Foreign exchange forward contracts: Income Statement Classification Gains (Losses) - Realized	Gain Recognized in OCI on Derivatives		Gain Reclassified from Accumulated OCI into Earnings		Gain (Loss) Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings
Net sales	$	35	$	59	$	3		$	3
Cost of goods sold	733		7		(776		)	(64		)
Selling and administrative expenses	121		43		(253		)	6
Interest expense	8		—		(5		)	—

	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015						August 2, 2014
Foreign exchange forward contracts: Income Statement Classification Gains (Losses) - Realized	Gain (Loss) Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings			Loss  Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings
Net sales	$	60		$	113		$	(4	)	$	16
Cost of goods sold	532			(122		)	(757		)	(11		)
Selling and administrative expenses	33			47			(709		)	18
Interest expense	(14		)	—			(17		)	—

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Retirement And Other Benefit Plans (Tables)

6 Months Ended

Aug. 01, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule Of Components Of Net Periodic Benefit (Income) Cost

The following tables set forth the components of net periodic benefit income for the Company, including domestic and Canadian plans:

	Pension Benefits						Other Postretirement Benefits
	Thirteen Weeks Ended						Thirteen Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Service cost	$	2,993		$	2,239		$	—		$	—
Interest cost	3,578			3,560			14			12
Expected return on assets	(8,190		)	(6,197		)	—			—
Amortization of:
Actuarial loss (gain)	143			67			(63		)	(132		)
Prior service (income) expense	(481		)	6			—			—
Total net periodic benefit income	$	(1,957	)	$	(325	)	$	(49	)	$	(120	)
	Pension Benefits						Other Postretirement Benefits
	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Service cost	$	6,322		$	4,826		$	—		$	—
Interest cost	7,164			7,116			28			24
Expected return on assets	(15,845		)	(12,381		)	—			—
Amortization of:
Actuarial loss (gain)	309			102			(111		)	(217		)
Prior service (income) expense	(956		)	14			—			—
Total net periodic benefit income	$	(3,006	)	$	(323	)	$	(83	)	$	(193	)

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Risk Management And Derivatives (Schedule Of Fair Values Of Derivative Instruments Designated As Hedging Instruments Included Within The Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015	Aug. 02, 2014
Prepaid Expenses and Other Current Assets [Member]
Derivative [Line Items]
Asset Derivatives, Fair Value	$ 1,166	$ 1,863	$ 239
Other Accrued Expenses [Member]
Derivative [Line Items]
Liability Derivatives, Fair Value	$ 453	$ 1,784	$ 615

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Fair Value Measurements (Tables)

6 Months Ended

Aug. 01, 2015

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at August 1, 2015, August 2, 2014 and January 31, 2015. The Company did not have any transfers between Level 1 and Level 2 during 2014 or the twenty-six weeks ended August 1, 2015.   

				Fair Value Measurements
($ thousands)	Total			Level 1			Level 2			Level 3
Asset (Liability)
As of August 1, 2015:
Cash equivalents – money market funds	$	91,709		$	91,709		$	—		$	—
Non-qualified deferred compensation plan assets	3,879			3,879			—			—
Non-qualified deferred compensation plan liabilities	(3,879		)	(3,879		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,423		)	(2,423		)	—			—
Restricted stock units for non-employee directors	(10,263		)	(10,263		)	—			—
Performance share units	(3,518		)	(3,518		)	—			—
Derivative financial instruments, net	713			—			713			—
Secured convertible note	7,118			—			—			7,118
As of August 2, 2014:
Cash equivalents – money market funds	$	8,457		$	8,457		$	—		$	—
Non-qualified deferred compensation plan assets	2,765			2,765			—			—
Non-qualified deferred compensation plan liabilities	(2,765		)	(2,765		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,983		)	(1,983		)	—			—
Restricted stock units for non-employee directors	(8,103		)	(8,103		)	—			—
Performance share units	(895		)	(895		)	—			—
Derivative financial instruments, net	(376		)	—			(376		)	—
As of January 31, 2015:
Cash equivalents – money market funds	$	35,533		$	35,533		$	—		$	—
Non-qualified deferred compensation plan assets	2,904			2,904			—			—
Non-qualified deferred compensation plan liabilities	(2,904		)	(2,904		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,066		)	(2,066		)	—			—
Restricted stock units for non-employee directors	(8,857		)	(8,857		)	—			—
Performance share units	(5,147		)	(5,147		)	—			—
Derivative financial instruments, net	79			—			79			—
Secured convertible note	6,957			—			—			6,957

Schedule Of Fair Value Of Financial Instruments

The fair values of cash and cash equivalents (excluding money market funds discussed above), receivables and trade accounts payable approximate their carrying values due to the short-term nature of these instruments.

	August 1, 2015				August 2, 2014				January 31, 2015
	Carrying		Fair		Carrying		Fair		Carrying		Fair
($ thousands)	Amount		Value		Amount		Value		Amount		Value
Current portion of long-term debt	$	39,157	$	40,823	$	—	$	—	$	—	$	—
Long-term debt	200,000		202,000		199,104		210,750		199,197		208,000

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Financial Information For The Company And Its Subsidiaries (Tables)

6 Months Ended

Aug. 01, 2015

Financial Information For The Company And Its Subsidiaries [Abstract]

Schedule Of Condensed Consolidating Balance Sheet

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 2, 2014
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	—	$	46,876		$	—		$	46,876
Receivables, net	85,285		2,491		37,708			—			125,484
Inventories, net	160,581		470,596		26,479			—			657,656
Prepaid expenses and other current assets	11,869		20,278		7,020			—			39,167
Intercompany receivable – current	1,958		—		19,165			(21,123		)	—
Total current assets	259,693		493,365		137,248			(21,123		)	869,183
Other assets	119,473		13,455		1,851			—			134,779
Goodwill and intangible assets, net	119,041		2,800		14,921			—			136,762
Property and equipment, net	26,935		112,203		9,220			—			148,358
Investment in subsidiaries	886,736		—		(19,151		)	(867,585		)	—
Intercompany receivable  –  noncurrent	450,516		278,910		485,949			(1,215,375		)	—
Total assets	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082
Liabilities and Equity
Current liabilities
Trade accounts payable	$	104,054	$	192,787	$	44,853		$	—		$	341,694
Other accrued expenses	49,838		94,649		14,665			—			159,152
Intercompany payable – current	6,143		—		14,980			(21,123		)	—
Total current liabilities	160,035		287,436		74,498			(21,123		)	500,846
Other liabilities
Long-term debt	199,104		—		—			—			199,104
Other liabilities	34,659		37,543		7,678			—			79,880
Intercompany payable – noncurrent	960,014		38,569		216,792			(1,215,375		)	—
Total other liabilities	1,193,777		76,112		224,470			(1,215,375		)	278,984
Equity
Caleres, Inc. shareholders’ equity	508,582		537,185		330,400			(867,585		)	508,582
Noncontrolling interests	—		—		670			—			670
Total equity	508,582		537,185		331,070			(867,585		)	509,252
Total liabilities and equity	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082

CONDENSED CONSOLIDATING BALANCE SHEET
AS OF JANUARY 31, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	13,891	$	—	$	53,512		$	—		$	67,403
Receivables, net	89,030		5,398		42,218			—			136,646
Inventories, net	148,082		376,254		18,767			—			543,103
Prepaid expenses and other current assets	41,494		20,777		8,964			(27,491		)	43,744
Intercompany receivable  – current	1,194		—		8,750			(9,944		)	—
Total current assets	293,691		402,429		132,211			(37,435		)	790,896
Other assets	113,922		13,733		13,931			—			141,586
Goodwill and intangible assets, net	117,792		2,800		13,995			—			134,587
Property and equipment, net	29,237		109,720		10,786			—			149,743
Investment in subsidiaries	956,831		—		(18,909		)	(937,922		)	—
Intercompany receivable  – noncurrent	459,774		306,871		539,396			(1,306,041		)	—
Total assets	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812
Liabilities and Equity
Current liabilities
Trade accounts payable	$	60,377	$	114,208	$	41,336		$	—		$	215,921
Other accrued expenses	110,714		85,638		12,301			(27,491		)	181,162
Intercompany payable – current	4,948		—		4,996			(9,944		)	—
Total current liabilities	176,039		199,846		58,633			(37,435		)	397,083
Other liabilities
Long-term debt	199,197		—		—			—			199,197
Other liabilities	41,847		32,574		4,489			—			78,910
Intercompany payable – noncurrent	1,013,254		21,078		271,709			(1,306,041		)	—
Total other liabilities	1,254,298		53,652		276,198			(1,306,041		)	278,107
Equity
Caleres, Inc. shareholders’ equity	540,910		582,055		355,867			(937,922		)	540,910
Noncontrolling interests	—		—		712			—			712
Total equity	540,910		582,055		356,579			(937,922		)	541,622
Total liabilities and equity	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 1, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	42,738	$	12,742	$	73,865		$	—		$	129,345
Restricted cash	41,482		—		—			—			41,482
Receivables, net	102,455		2,635		39,123			—			144,213
Inventories, net	158,061		458,869		24,198			—			641,128
Prepaid expenses and other current assets	12,032		22,554		6,416			—			41,002
Intercompany receivable – current	369		120		14,122			(14,611		)	—
Total current assets	357,137		496,920		157,724			(14,611		)	997,170
Other assets	133,056		15,227		(1,556		)	—			146,727
Goodwill and intangible assets, net	116,670		2,800		13,267			—			132,737
Property and equipment, net	31,530		109,463		9,846			—			150,839
Investment in subsidiaries	1,010,293		—		(18,530		)	(991,763		)	—
Intercompany receivable – noncurrent	425,872		359,067		533,324			(1,318,263		)	—
Total assets	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473
Liabilities and Equity
Current liabilities
Current portion of long-term debt	$	39,157	$	—	$	—		$	—		$	39,157
Trade accounts payable	121,213		222,148		39,265			—			382,626
Other accrued expenses	44,465		96,992		14,649			—			156,106
Intercompany payable – current	5,211		297		9,103			(14,611		)	—
Total current liabilities	210,046		319,437		63,017			(14,611		)	577,889
Other liabilities
Long-term debt	200,000		—		—			—			200,000
Other liabilities	44,049		33,812		2,495			—			80,356
Intercompany payable – noncurrent	1,052,118		37,745		228,400			(1,318,263		)	—
Total other liabilities	1,296,167		71,557		230,895			(1,318,263		)	280,356
Equity
Caleres, Inc. shareholders’ equity	568,345		592,483		399,280			(991,763		)	568,345
Noncontrolling interests	—		—		883			—			883
Total equity	568,345		592,483		400,163			(991,763		)	569,228
Total liabilities and equity	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473

Schedule Of Condensed Consolidating Statement Of Comprehensive Income (Loss)

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	389,160		$	795,906		$	136,150		$	(81,099	)	$	1,240,117
Cost of goods sold	282,343			427,354			84,526			(65,427		)	728,796
Gross profit	106,817			368,552			51,624			(15,672		)	511,321
Selling and administrative expenses	113,197			316,310			31,416			(15,672		)	445,251
Operating (loss) earnings	(6,380		)	52,242			20,208			—			66,070
Interest expense	(8,807		)	(1		)	—			—			(8,808		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	448			—			94			—			542
Intercompany interest income (expense)	7,109			(7,193		)	84			—			—
(Loss) earnings before income taxes	(16,320		)	45,048			20,386			—			49,114
Income tax benefit (provision)	5,335			(15,590		)	(2,605		)	—			(12,860		)
Equity in earnings of subsidiaries, net of tax	47,071			—			378			(47,449		)	—
Net earnings	36,086			29,458			18,159			(47,449		)	36,254
Less: Net earnings attributable to noncontrolling interests	—			—			168			—			168
Net earnings attributable to Caleres, Inc.	$	36,086		$	29,458		$	17,991		$	(47,449	)	$	36,086
Comprehensive income	$	36,398		$	29,570		$	18,275		$	(47,674	)	$	36,569
Less: Comprehensive income attributable to noncontrolling interests	—			—			171			—			171
Comprehensive income attributable to Caleres, Inc.	$	36,398		$	29,570		$	18,104		$	(47,674	)	$	36,398

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	362,758		$	795,330		$	158,931		$	(89,980	)	$	1,227,039
Cost of goods sold	263,899			433,619			103,156			(75,618		)	725,056
Gross profit	98,859			361,711			55,775			(14,362		)	501,983
Selling and administrative expenses	106,346			310,783			39,188			(14,362		)	441,955
Operating (loss) earnings	(7,487		)	50,928			16,587			—			60,028
Interest expense	(10,430		)	(1		)	—			—			(10,431		)
Interest income	13			—			172			—			185
Intercompany interest income (expense)	7,802			(7,720		)	(82		)	—			—
(Loss) earnings before income taxes	(10,102		)	43,207			16,677			—			49,782
Income tax benefit (provision)	2,148			(17,229		)	(1,186		)	—			(16,267		)
Equity in earnings (loss) of subsidiaries, net of tax	41,447			—			(207		)	(41,240		)	—
Net earnings	33,493			25,978			15,284			(41,240		)	33,515
Less: Net loss attributable to noncontrolling interests	—			—			22			—			22
Net earnings attributable to Caleres, Inc.	$	33,493		$	25,978		$	15,262		$	(41,240	)	$	33,493
Comprehensive income	$	33,473		$	26,526		$	15,818		$	(42,337	)	$	33,480
Less: Comprehensive loss attributable to noncontrolling interests	—			—			7			—			7
Comprehensive income attributable to Caleres, Inc.	$	33,473		$	26,526		$	15,811		$	(42,337	)	$	33,473

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	196,809		$	415,717		$	81,169		$	(55,861	)	$	637,834
Cost of goods sold	144,750			225,771			47,563			(43,045		)	375,039
Gross profit	52,059			189,946			33,606			(12,816		)	262,795
Selling and administrative expenses	60,220			164,064			15,593			(12,816		)	227,061
Operating (loss) earnings	(8,161		)	25,882			18,013			—			35,734
Interest expense	(4,345		)	—			—			—			(4,345		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	196			—			42			—			238
Intercompany interest income (expense)	3,432			(3,471		)	39			—			—
(Loss) earnings before income taxes	(17,568		)	22,411			18,094			—			22,937
Income tax benefit (provision)	3,651			(7,570		)	(2,155		)	—			(6,074		)
Equity in earnings of subsidiaries, net of tax	30,742			—			394			(31,136		)	—
Net earnings	16,825			14,841			16,333			(31,136		)	16,863
Less: Net earnings attributable to noncontrolling interests	—			—			38			—			38
Net earnings attributable to Caleres, Inc.	$	16,825		$	14,841		$	16,295		$	(31,136	)	$	16,825
Comprehensive income	$	16,181		$	14,229		$	15,719		$	(29,911	)	$	16,218
Less: Comprehensive income attributable to noncontrolling interests	—			—			37			—			37
Comprehensive income attributable to Caleres, Inc.	$	16,181		$	14,229		$	15,682		$	(29,911	)	$	16,181

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	183,598		$	417,917		$	94,578		$	(60,216	)	$	635,877
Cost of goods sold	136,433			229,064			60,154			(49,416		)	376,235
Gross profit	47,165			188,853			34,424			(10,800		)	259,642
Selling and administrative expenses	57,149			164,142			17,849			(10,800		)	228,340
Operating (loss) earnings	(9,984		)	24,711			16,575			—			31,302
Interest expense	(5,125		)	—			—			—			(5,125		)
Interest income	12			—			97			—			109
Intercompany interest income (expense)	3,828			(3,787		)	(41		)	—			—
(Loss) earnings before income taxes	(11,269		)	20,924			16,631			—			26,286
Income tax benefit (provision)	1,684			(8,375		)	(1,556		)	—			(8,247		)
Equity in earnings of subsidiaries, net of tax	27,649			—			81			(27,730		)	—
Net earnings	18,064			12,549			15,156			(27,730		)	18,039
Less: Net earnings attributable to noncontrolling interests	—			—			(25		)	—			(25		)
Net earnings attributable to Caleres, Inc.	$	18,064		$	12,549		$	15,181		$	(27,730	)	$	18,064
Comprehensive income	$	17,555		$	12,541		$	15,143		$	(27,712	)	$	17,527
Less: Comprehensive income attributable to noncontrolling interests	—			—			(28		)	—			(28		)
Comprehensive income attributable to Caleres, Inc.	$	17,555		$	12,541		$	15,171		$	(27,712	)	$	17,555

Schedule Of Condensed Consolidating Statement Of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(14,071	)	$	57,490		$	23,072		$	—	$	66,491
Investing activities
Purchases of property and equipment	(2,810		)	(19,355		)	(1,346		)	—		(23,511		)
Capitalized software	(2,642		)	(43		)	(29		)	—		(2,714		)
Acquisition of trademarks	(65,065		)	—			—			—		(65,065		)
Intercompany investing	(624		)	(295		)	919			—		—
Net cash used for investing activities	(71,141		)	(19,693		)	(456		)	—		(91,290		)
Financing activities
Borrowings under revolving credit agreement	456,000			—			—			—		456,000
Repayments under revolving credit agreement	(463,000		)	—			—			—		(463,000		)
Dividends paid	(6,110		)	—			—			—		(6,110		)
Issuance of common stock under share-based plans, net	(523		)	—			—			—		(523		)
Tax benefit related to share-based plans	2,097			—			—			—		2,097
Intercompany financing	96,748			(37,797		)	(58,951		)	—		—
Net cash provided by (used for) financing activities	85,212			(37,797		)	(58,951		)	—		(11,536		)
Effect of exchange rate changes on cash and cash equivalents	—			—			665			—		665
Decrease in cash and cash equivalents	—			—			(35,670		)	—		(35,670		)
Cash and cash equivalents at beginning of period	—			—			82,546			—		82,546
Cash and cash equivalents at end of period	$	—		$	—		$	46,876		$	—	$	46,876

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(3,561	)	$	71,298		$	33,518		$	—	$	101,255
Investing activities
Purchases of property and equipment	(9,933		)	(14,470		)	(469		)	—		(24,872		)
Disposals of property and equipment	7,111			—			—			—		7,111
Capitalized software	(1,959		)	(739		)	—			—		(2,698		)
Intercompany investing	(253		)	253			—			—		—
Net cash used for investing activities	(5,034		)	(14,956		)	(469		)	—		(20,459		)
Financing activities
Borrowings under revolving credit agreement	86,000			—			—			—		86,000
Repayments under revolving credit agreement	(86,000		)	—			—			—		(86,000		)
Proceeds from issuance of 2023 senior notes	200,000			—			—			—		200,000
Redemption of 2019 senior notes	(160,700		)	—			—			—		(160,700		)
Restricted cash	(41,482		)	—			—			—		(41,482		)
Debt issuance costs	(3,650		)	—			—			—		(3,650		)
Dividends paid	(6,135		)	—			—			—		(6,135		)
Acquisition of treasury stock	(4,921		)	—			—			—		(4,921		)
Issuance of common stock under share-based plans, net	(4,428		)	—			—			—		(4,428		)
Tax benefit related to share-based plans	2,838			—			—			—		2,838
Intercompany financing	55,920			(43,600		)	(12,320		)	—		—
Net cash provided by (used for) financing activities	37,442			(43,600		)	(12,320		)	—		(18,478		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(376		)	—		(376		)
Increase in cash and cash equivalents	28,847			12,742			20,353			—		61,942
Cash and cash equivalents at beginning of period	13,891			—			53,512			—		67,403
Cash and cash equivalents at end of period	$	42,738		$	12,742		$	73,865		$	—	$	129,345

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Dispositions

6 Months Ended

Aug. 01, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Note 3 Dispositions

On December 12, 2014, Caleres Investment Company, Inc. ("CIC") (formerly known as Brown Shoe Investment Company, Inc.), the sole shareholder of Shoes.com, Inc. ("Shoes.com"), simultaneously entered into and closed a Stock Purchase Agreement by and among CIC and an affiliate of ShoeMe Technologies Limited ("the Purchaser"), pursuant to which the Purchaser acquired all of the outstanding capital stock, inventory and other assets of Shoes.com from CIC and the Company agreed to provide certain transition services. The aggregate purchase price of the sale was $15.0 million, subject to working capital and other adjustments. The Company received $4.4 million in cash and a $7.5 million face value secured convertible note ("convertible note") at closing, from the sale of stock, the sale of inventory and other assets, and the provision of transitional services, less working capital adjustments. The convertible note requires installments over four years with the first payment of $1.25 million due on July 1, 2017 and quarterly installments of $0.6 million thereafter, plus accrued interest, until it matures on December 12, 2019. Interest accrues at an annual rate of 6% until December 11, 2016, 7% until December 11, 2017, 8% until December 11, 2018, and 9% until the maturity date. The principal and outstanding accrued interest is convertible into common stock of the Purchaser at a conversion price of CAD 21.50 per share, at the Company's option, or automatically upon a qualified initial public offering ("IPO") by the Purchaser at the IPO price. The fair value of the convertible note of $7.1 million at August 1, 2015 is included in other assets on the condensed consolidated balance sheets. Interest income of $0.1 million and $0.2 million for the thirteen weeks and twenty-six weeks ended August 1, 2015, respectively, is included in interest income on the condensed consolidated statements of earnings.

The operating results of Shoes.com were included in the Famous Footwear segment in continuing operations through December 12, 2014. The operations of Shoes.com were not significant to the Famous Footwear segment or the Company's financial results. In accordance with ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which the Company adopted during the third quarter of 2014, the financial position and operating results of Shoes.com were not classified as a discontinued operation as the disposition did not represent a strategic shift resulting in a major impact on the Company's operations or financial results.

During the thirteen weeks ended August 1, 2015, the Company recognized a discrete tax benefit of $1.2 million related to the disposition of Shoes.com. Refer to Note 13 to the condensed consolidated financial statements for further information.

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Dispositions (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended	12 Months Ended			60 Months Ended
	Dec. 12, 2014	Aug. 01, 2015	May. 02, 2015	Aug. 01, 2015	Dec. 12, 2019	Dec. 11, 2018	Dec. 11, 2017	Dec. 11, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales			$ 0
Sale price	$ 15,000
Proceeds from business disposition	4,400
Note receivable	7,500
Disposal Group, Including Discontinued Operations, Notes Receivable, First Periodic Payment Due	1,250
Disposal Group, Including Discontinued Operations, Notes Receivable, Periodic Payment Due After First installment	$ 600
Promissory note interest rate					9.00%	8.00%	7.00%	6.00%
Debt Instrument, Convertible, Conversion Price	$ 21.50
Notes Receivable, Fair Value Disclosure		$ 7,100		$ 7,100
Interest Income, Other		100		$ 200
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 1,200

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Shareholders' Equity (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	$ 3,672	$ 17,153	$ 2,712	$ 16,676
Other comprehensive income (loss) before reclassifications	(324)	(517)	808	37
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			(796)	(124)
Amounts reclassified from accumulated other comprehensive income	(510)	(4)	(493)	(72)
Income Tax Expense (Benefit)	(6,074)	(8,247)	(12,860)	(16,267)
Other comprehensive income (loss)	(645)	(512)	315	(35)
Balance, ending	3,027	16,641	3,027	16,641
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	647	3,243	(745)	2,356
Other comprehensive income (loss) before reclassifications	(949)	244	443	1,131
Other comprehensive income (loss)	(949)	244	443	1,131
Balance, ending	(302)	3,487	(302)	3,487
Pension and Other Postretirement Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	3,018	13,559	3,233	13,582
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			(758)	(101)
Amounts reclassified from accumulated other comprehensive income	(401)	(59)	(458)	(56)
Other comprehensive income (loss)	(243)	(33)	(458)	(56)
Balance, ending	2,775	13,526	2,775	13,526
Derivative Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	7	351	224	738
Other comprehensive income (loss) before reclassifications	625	(761)	365	(1,094)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			(38)	(23)
Amounts reclassified from accumulated other comprehensive income	(109)	55	(35)	(16)
Other comprehensive income (loss)	547	(723)	330	(1,110)
Balance, ending	554	(372)	554	(372)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income Tax Expense (Benefit)	189	9	303	52
Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension and Other Postretirement Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income Tax Expense (Benefit)	158	26	300	45
Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income Tax Expense (Benefit)	$ 31	$ (17)	$ 3	$ 7

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Financial Information For The Company And Its Subsidiaries (Schedule Of Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015	Aug. 02, 2014	Feb. 01, 2014
Assets
Cash and cash equivalents	$ 129,345	$ 67,403	$ 46,876	$ 82,546
Restricted Cash and Cash Equivalents	41,482
Receivables, net	144,213	136,646	125,484
Inventories, net	641,128	543,103	657,656
Prepaid expenses and other current assets	41,002	43,744	39,167
Total current assets	997,170	790,896	869,183
Other assets	146,727	141,586	134,779
Goodwill and intangible assets, net	132,737	134,587	136,762
Property and equipment, net	150,839	149,743	148,358
Total assets	1,427,473	1,216,812	1,289,082
Long-term Debt, Current Maturities	39,157
Liabilities and Equity
Trade accounts payable	382,626	215,921	341,694
Other accrued expenses	156,106	181,162	159,152
Total current liabilities	577,889	397,083	500,846
Other liabilities
Long-term debt	200,000	199,197	199,104
Other liabilities	80,356	78,910	79,880
Total other liabilities	280,356	278,107	278,984
Equity
Brown Shoe Company, Inc. shareholders' equity	568,345	540,910	508,582
Noncontrolling interests	883	712	670
Total equity	569,228	541,622	509,252
Total liabilities and equity	1,427,473	1,216,812	1,289,082
Parent [Member]
Assets
Cash and cash equivalents	42,738	13,891
Restricted Cash and Cash Equivalents	41,482
Receivables, net	102,455	89,030	85,285
Inventories, net	158,061	148,082	160,581
Prepaid expenses and other current assets	12,032	41,494	11,869
Intercompany receivable – current	369	1,194	1,958
Total current assets	357,137	293,691	259,693
Other assets	133,056	113,922	119,473
Goodwill and intangible assets, net	116,670	117,792	119,041
Property and equipment, net	31,530	29,237	26,935
Investment in subsidiaries	1,010,293	956,831	886,736
Intercompany receivable – noncurrent	425,872	459,774	450,516
Total assets	2,074,558	1,971,247	1,862,394
Long-term Debt, Current Maturities	39,157
Liabilities and Equity
Trade accounts payable	121,213	60,377	104,054
Other accrued expenses	44,465	110,714	49,838
Intercompany payable – current	5,211	4,948	6,143
Total current liabilities	210,046	176,039	160,035
Other liabilities
Long-term debt	200,000	199,197	199,104
Other liabilities	44,049	41,847	34,659
Intercompany payable – noncurrent	1,052,118	1,013,254	960,014
Total other liabilities	1,296,167	1,254,298	1,193,777
Equity
Brown Shoe Company, Inc. shareholders' equity	568,345	540,910	508,582
Total equity	568,345	540,910	508,582
Total liabilities and equity	2,074,558	1,971,247	1,862,394
Guarantors [Member]
Assets
Cash and cash equivalents	12,742	0	0	0
Receivables, net	2,635	5,398	2,491
Inventories, net	458,869	376,254	470,596
Prepaid expenses and other current assets	22,554	20,777	20,278
Intercompany receivable – current	120	0	0
Total current assets	496,920	402,429	493,365
Other assets	15,227	13,733	13,455
Goodwill and intangible assets, net	2,800	2,800	2,800
Property and equipment, net	109,463	109,720	112,203
Investment in subsidiaries	0	0	0
Intercompany receivable – noncurrent	359,067	306,871	278,910
Total assets	983,477	835,553	900,733
Liabilities and Equity
Trade accounts payable	222,148	114,208	192,787
Other accrued expenses	96,992	85,638	94,649
Intercompany payable – current	297	0	0
Total current liabilities	319,437	199,846	287,436
Other liabilities
Other liabilities	33,812	32,574	37,543
Intercompany payable – noncurrent	37,745	21,078	38,569
Total other liabilities	71,557	53,652	76,112
Equity
Brown Shoe Company, Inc. shareholders' equity	592,483	582,055	537,185
Total equity	592,483	582,055	537,185
Total liabilities and equity	983,477	835,553	900,733
Non-Guarantors [Member]
Assets
Cash and cash equivalents	73,865	53,512	46,876	$ 82,546
Receivables, net	39,123	42,218	37,708
Inventories, net	24,198	18,767	26,479
Prepaid expenses and other current assets	6,416	8,964	7,020
Intercompany receivable – current	14,122	8,750	19,165
Total current assets	157,724	132,211	137,248
Other assets	(1,556)	13,931	1,851
Goodwill and intangible assets, net	13,267	13,995	14,921
Property and equipment, net	9,846	10,786	9,220
Investment in subsidiaries	(18,530)	(18,909)	(19,151)
Intercompany receivable – noncurrent	533,324	539,396	485,949
Total assets	694,075	691,410	630,038
Liabilities and Equity
Trade accounts payable	39,265	41,336	44,853
Other accrued expenses	14,649	12,301	14,665
Intercompany payable – current	9,103	4,996	14,980
Total current liabilities	63,017	58,633	74,498
Other liabilities
Other liabilities	2,495	4,489	7,678
Intercompany payable – noncurrent	228,400	271,709	216,792
Total other liabilities	230,895	276,198	224,470
Equity
Brown Shoe Company, Inc. shareholders' equity	399,280	355,867	330,400
Noncontrolling interests	883	712	670
Total equity	400,163	356,579	331,070
Total liabilities and equity	694,075	691,410	630,038
Eliminations [Member]
Assets
Prepaid expenses and other current assets	0	(27,491)
Intercompany receivable – current	(14,611)	(9,944)	(21,123)
Total current assets	(14,611)	(37,435)	(21,123)
Investment in subsidiaries	(991,763)	(937,922)	(867,585)
Intercompany receivable – noncurrent	(1,318,263)	(1,306,041)	(1,215,375)
Total assets	(2,324,637)	(2,281,398)	(2,104,083)
Liabilities and Equity
Other accrued expenses	0	(27,491)	0
Intercompany payable – current	(14,611)	(9,944)	(21,123)
Total current liabilities	(14,611)	(37,435)	(21,123)
Other liabilities
Intercompany payable – noncurrent	(1,318,263)	(1,306,041)	(1,215,375)
Total other liabilities	(1,318,263)	(1,306,041)	(1,215,375)
Equity
Brown Shoe Company, Inc. shareholders' equity	(991,763)	(937,922)	(867,585)
Total equity	(991,763)	(937,922)	(867,585)
Total liabilities and equity	$ (2,324,637)	$ (2,281,398)	$ (2,104,083)

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015	Aug. 02, 2014
Current assets
Cash and cash equivalents	$ 129,345	$ 67,403	$ 46,876
Restricted cash	41,482
Receivables, net	144,213	136,646	125,484
Inventories, net	641,128	543,103	657,656
Prepaid expenses and other current assets	41,002	43,744	39,167
Total current assets	997,170	790,896	869,183
Other assets	146,727	141,586	134,779
Goodwill	13,954	13,954	13,954
Intangible assets, net	118,783	120,633	122,808
Property and equipment	444,674	438,696	437,364
Allowance for depreciation	(293,835)	(288,953)	(289,006)
Net property and equipment	150,839	149,743	148,358
Total assets	1,427,473	1,216,812	1,289,082
Current liabilities
Current portion of long-term debt	39,157
Trade accounts payable	382,626	215,921	341,694
Other accrued expenses	156,106	181,162	159,152
Total current liabilities	577,889	397,083	500,846
Other liabilities
Long-term debt	200,000	199,197	199,104
Deferred rent	40,981	39,742	36,560
Other liabilities	39,375	39,168	43,320
Total other liabilities	280,356	278,107	278,984
Equity
Common stock	437	437	437
Additional paid-in capital	136,127	138,957	135,930
Accumulated other comprehensive income	3,027	2,712	16,641
Retained earnings	428,754	398,804	355,574
Total Caleres, Inc. shareholders’ equity	568,345	540,910	508,582
Noncontrolling interests	883	712	670
Total equity	569,228	541,622	509,252
Total liabilities and equity	$ 1,427,473	$ 1,216,812	$ 1,289,082

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Risk Management And Derivatives (Schedule Of Effect Of Derivative Instruments In Cash Flow Hedging Relationships On The Condensed Consolidated Statements Of Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Net Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivatives	$ 35	$ 3	$ 60	$ (4)
Gain (Loss) Reclassified from Accumulated OCI into Earnings	59	3	113	16
Cost Of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivatives	733	(776)	532	(757)
Gain (Loss) Reclassified from Accumulated OCI into Earnings	7	(64)	(122)	(11)
Selling And Administrative Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivatives	121	(253)	33	(709)
Gain (Loss) Reclassified from Accumulated OCI into Earnings	43	6	47	18
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivatives	8	(5)	(14)	(17)
Gain (Loss) Reclassified from Accumulated OCI into Earnings	$ 0	$ 0	$ 0	$ 0

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Basis Of Presentation

6 Months Ended

Aug. 01, 2015

Accounting Policies [Abstract]

Basis Of Presentation

Note 1 Basis of Presentation

The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the United States Securities and Exchange Commission (“SEC”) and reflect all adjustments and accruals of a normal recurring nature, which management believes are necessary to present fairly the financial position, results of operations, comprehensive income and cash flows of Caleres, Inc. These statements, however, do not include all information and footnotes necessary for a complete presentation of the Company's consolidated financial position, results of operations, comprehensive income and cash flows in conformity with accounting principles generally accepted in the United States. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries, after the elimination of intercompany accounts and transactions. 

The Company’s business is seasonal in nature due to consumer spending patterns, with higher back-to-school and Christmas holiday season sales. Traditionally, the third fiscal quarter accounts for a substantial portion of the Company’s earnings for the year. Interim results may not necessarily be indicative of results which may be expected for any other interim period or for the year as a whole. 

Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications did not affect net earnings attributable to Caleres, Inc. 

For further information, refer to the consolidated financial statements and footnotes included in the Company's Annual Report on Form 10-K for the year ended January 31, 2015.

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Business Segment Information (Schedule Of Business Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Jan. 31, 2015
Segment Reporting Information [Line Items]
External sales	$ 637,834	$ 635,877	$ 1,240,117	$ 1,227,039
Intersegment sales	32,962	36,134	50,288	56,684
Operating earnings (loss)	35,734	31,302	66,070	60,028
Segment assets	1,427,473	1,289,082	1,427,473	1,289,082	$ 1,216,812
Continuing Operations [Member]
Segment Reporting Information [Line Items]
Segment assets	1,427,473	1,289,082	1,427,473	1,289,082
Famous Footwear [Member]
Segment Reporting Information [Line Items]
External sales	395,873	404,069	755,893	770,795
Intersegment sales	0	0	0	0
Operating earnings (loss)	27,672	25,524	55,632	52,254
Famous Footwear [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Segment assets	608,353	597,262	608,353	597,262
Wholesale Operations [Member]
Segment Reporting Information [Line Items]
External sales	241,961	231,808	484,224	456,244
Intersegment sales	32,962	36,134	50,288	56,684
Operating earnings (loss)	16,005	17,497	27,065	28,700
Wholesale Operations [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Segment assets	540,582	555,042	540,582	555,042
Other Segment [Member]
Segment Reporting Information [Line Items]
External sales	0	0	0	0
Intersegment sales	0	0	0	0
Operating earnings (loss)	(7,943)	(11,719)	(16,627)	(20,926)
Other Segment [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Segment assets	$ 278,538	$ 136,778	$ 278,538	$ 136,778

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Earnings (Loss) Per Share (Tables)

6 Months Ended

Aug. 01, 2015

Earnings Per Share [Abstract]

Schedule Of Basic And Diluted Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share attributable to Caleres, Inc. shareholders for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands, except per share amounts)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
NUMERATOR
Net earnings	$	16,863		$	18,039		$	36,254		$	33,515
Net (earnings) loss attributable to noncontrolling interests	(38		)	25			(168		)	(22		)
Net earnings allocated to participating securities	(544		)	(669		)	(1,195		)	(1,262		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	16,281		$	17,395		$	34,891		$	32,231
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	42,325			42,074			42,319			41,980
Dilutive effect of share-based awards	123			202			136			218
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	42,448			42,276			42,455			42,198
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.77
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.38		$	0.41		$	0.82		$	0.76

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Business Segment Information (Schedule Of Reconciliation Of Operating Earnings Before Income Taxes From Continuing Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Segment Reporting [Abstract]
Operating earnings	$ 35,734	$ 31,302	$ 66,070	$ 60,028
Interest expense	(4,345)	(5,125)	(8,808)	(10,431)
Gains (Losses) on Extinguishment of Debt	(8,690)		(8,690)
Interest income	238	109	542	185
Earnings before income taxes	$ 22,937	$ 26,286	$ 49,114	$ 49,782

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Business Segment Information (Tables)

6 Months Ended

Aug. 01, 2015

Segment Reporting [Abstract]

Schedule Of Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended August 1, 2015 and August 2, 2014.  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended August 1, 2015
External sales	$	395,873	$	241,961	$	—		$	637,834
Intersegment sales	—		32,962		—			32,962
Operating earnings (loss)	27,672		16,005		(7,943		)	35,734
Segment assets	608,353		540,582		278,538			1,427,473
Thirteen Weeks Ended August 2, 2014
External sales	$	404,069	$	231,808	$	—		$	635,877
Intersegment sales	—		36,134		—			36,134
Operating earnings (loss)	25,524		17,497		(11,719		)	31,302
Segment assets	597,262		555,042		136,778			1,289,082
Twenty-six Weeks Ended August 1, 2015
External sales	$	755,893	$	484,224	$	—		$	1,240,117
Intersegment sales	—		50,288		—			50,288
Operating earnings (loss)	55,632		27,065		(16,627		)	66,070
Twenty-six Weeks Ended August 2, 2014
External sales	$	770,795	$	456,244	$	—		$	1,227,039
Intersegment sales	—		56,684		—			56,684
Operating earnings (loss)	52,254		28,700		(20,926		)	60,028

Schedule Of Reconciliation Of Operating Earnings Before Income Taxes From Continuing Operations

Following is a reconciliation of operating earnings to earnings before income taxes:   

	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Operating earnings	$	35,734		$	31,302		$	66,070		$	60,028
Interest expense	(4,345		)	(5,125		)	(8,808		)	(10,431		)
Loss on early extinguishment of debt	(8,690		)	—			(8,690		)	—
Interest income	238			109			542			185
Earnings before income taxes	$	22,937		$	26,286		$	49,114		$	49,782

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Impact Of New Accounting Pronouncements

6 Months Ended

Aug. 01, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Impact Of New Accounting Pronouncements

Note 2 Impact of New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606).  The ASU supersedes the revenue recognition requirements in Accounting Standards Codification (“ASC”) 605, Revenue Recognition.  The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized, based upon the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The guidance also requires additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.   In August 2015, the FASB subsequently issued ASU 2015-14, Revenue from Contracts with Customers - Deferral of the Effective Date, that approved a one year deferral of ASU 2014-09 for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2016.  The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented as a direct deduction from the associated debt liability in the balance sheet, consistent with the presentation of debt discounts. The amortization of debt issuance costs will continue to be reported as interest expense in the statement of earnings. The recognition and measurement guidance for debt issuance costs are not affected by ASU 2015-03. The ASU, which is to be applied on a retrospective basis and reported as a change in accounting principle, is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 will not affect the Company’s results of operations or cash flows, but it will require the Company to reclassify its deferred financing costs from other assets to borrowings under revolving credit agreement and long-term debt on a retrospective basis upon adoption in the first quarter of fiscal 2016. The Company's condensed consolidated balance sheets included deferred financing costs of $7.6 million, $5.3 million and $6.4 million as of August 1, 2015, August 2, 2014 and January 31, 2015, respectively, that will be subject to the ASU.

In May 2015, the FASB issued ASU 2015-07, Disclosures for Investments in Certain Entities that Calculate Net Asset Value Per Share (or its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy investments for which fair values are estimated using the net asset value practical expedient provided by ASC 820, Fair Value Measurement. Disclosures about investments in certain entities that calculate net asset value per share are limited under ASU 2015-07 to those investments for which the entity has elected to estimate the fair value using the net asset value practical expedient. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015, with retrospective application to all periods presented. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, which requires entities to measure inventory at "the lower of cost and net realizable value", simplifying the current guidance under which entities must measure inventory at the lower of cost or market. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Subsequent measurement is unchanged for inventory measured using LIFO. The ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this ASU on its condensed consolidated financial statements.

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Condensed Consolidated Statements Of Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Income Statement [Abstract]
Net sales	$ 637,834	$ 635,877	$ 1,240,117	$ 1,227,039
Cost of goods sold	375,039	376,235	728,796	725,056
Gross profit	262,795	259,642	511,321	501,983
Selling and administrative expenses	227,061	228,340	445,251	441,955
Operating earnings	35,734	31,302	66,070	60,028
Interest expense	(4,345)	(5,125)	(8,808)	(10,431)
Loss on early extinguishment of debt	(8,690)		(8,690)
Interest income	238	109	542	185
Earnings before income taxes	22,937	26,286	49,114	49,782
Income tax provision	(6,074)	(8,247)	(12,860)	(16,267)
Net earnings	16,863	18,039	36,254	33,515
Net earnings attributable to noncontrolling interests	38	(25)	168	22
Net earnings attributable to Caleres, Inc.	$ 16,825	$ 18,064	$ 36,086	$ 33,493
Basic earnings (loss) per common share:
Basic earnings per common share attributable to Caleres, Inc. shareholders	$ 0.38	$ 0.41	$ 0.82	$ 0.77
Diluted earnings (loss) per common share:
Diluted earnings per common share attributable to Caleres, Inc. shareholders	0.38	0.41	0.82	0.76
Dividends per common share	$ 0.07	$ 0.07	$ 0.14	$ 0.14

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Fair Value Measurements

6 Months Ended

Aug. 01, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 12 Fair Value Measurements

Fair Value Hierarchy

FASB guidance on fair value measurements and disclosures specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (“observable inputs”) or reflect the Company’s own assumptions of market participant valuation (“unobservable inputs”). In accordance with the fair value guidance, the inputs to valuation techniques used to measure fair value are categorized into three levels based on the reliability of the inputs as follows: 

• Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;

• Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly;

• Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

In determining fair value, the Company uses valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk. Classification of the financial or non-financial asset or liability within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. 

Measurement of Fair Value

The Company measures fair value as an exit price, the price to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date, using the procedures described below for all financial and non-financial assets and liabilities measured at fair value. 

Money Market Funds

The Company has cash equivalents consisting of short-term money market funds backed by U.S. Treasury securities. The primary objective of these investing activities is to preserve the Company’s capital for the purpose of funding operations. The Company does not enter into money market funds for trading or speculative purposes. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan Assets and Liabilities 

The Company maintains a non-qualified deferred compensation plan (the “Deferred Compensation Plan”) for the benefit of certain management employees. The investment funds offered to the participant generally correspond to the funds offered in the Company’s 401(k) plan, and the account balance fluctuates with the investment returns on those funds. The Deferred Compensation Plan permits the deferral of up to 50% of base salary and 100% of compensation received under the Company’s annual incentive plan. The deferrals are held in a separate trust, which has been established by the Company to administer the Deferred Compensation Plan. The assets of the trust are subject to the claims of the Company’s creditors in the event that the Company becomes insolvent. Consequently, the trust qualifies as a grantor trust for income tax purposes (i.e., a “Rabbi Trust”). The liabilities of the Deferred Compensation Plan are presented in other accrued expenses and the assets held by the trust are classified as trading securities within prepaid expenses and other current assets in the accompanying condensed consolidated balance sheets. Changes in deferred compensation plan assets and liabilities are charged to selling and administrative expenses. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan for Non-Employee Directors

Non-employee directors are eligible to participate in a deferred compensation plan with deferred amounts valued as if invested in the Company’s common stock through the use of phantom stock units (“PSUs”). Under the plan, each participating director’s account is credited with the number of PSUs that is equal to the number of shares of the Company’s common stock which the participant could purchase or receive with the amount of the deferred compensation, based upon the average of the high and low prices of the Company’s common stock on the last trading day of the fiscal quarter when the cash compensation was earned. Dividend equivalents are paid on PSUs at the same rate as dividends on the Company’s common stock and are re-invested in additional PSUs at the next fiscal quarter-end. The liabilities of the plan are based on the fair value of the outstanding PSUs and are presented in other accrued expenses (current portion) or other liabilities in the accompanying condensed consolidated balance sheets. Gains and losses resulting from changes in the fair value of the PSUs are presented in selling and administrative expenses in the Company’s condensed consolidated statement of earnings. The fair value of each PSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1). 

Restricted Stock Units for Non-Employee Directors

Under the Company’s incentive compensation plans, cash-equivalent restricted stock units (“RSUs”) of the Company may be granted at no cost to non-employee directors. The RSUs are subject to a vesting requirement (usually one year), earn dividend-equivalent units, and are settled in cash on the date the director terminates service or such earlier date as a director may elect, subject to restrictions, based on the then current fair value of the Company’s common stock. The fair value of each RSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  Additional information related to restricted stock units for non-employee directors is disclosed in Note 9 to the condensed consolidated financial statements.

Performance Share Units

Under the Company’s incentive compensation plans, common stock or cash may be awarded at the end of the performance period at no cost to certain officers and key employees if certain financial goals are met. Under the plan, employees are granted performance share awards at a target number of shares or units, which generally vest over a three-year service period. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of specified financial goals for the service period. The fair value of each performance share unit is based on an unadjusted quoted market price of the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  Additional information related to performance share units is disclosed in Note 9 to the condensed consolidated financial statements.

Derivative Financial Instruments

The Company uses derivative financial instruments, primarily foreign exchange contracts, to reduce its exposure to market risks from changes in foreign exchange rates. These foreign exchange contracts are measured at fair value using quoted forward foreign exchange prices from counterparties corroborated by market-based pricing (Level 2). Additional information related to the Company’s derivative financial instruments is disclosed within Note 11 to the condensed consolidated financial statements. 

Secured Convertible Note

The Company received a secured convertible note as partial consideration for the disposition of Shoes.com, as further described in Note 3 to the condensed consolidated financial statements. The convertible note is measured at fair value using unobservable inputs (Level 3). The change in fair value during the thirteen and twenty-six weeks ended August 1, 2015 reflects an immaterial amount of interest income.

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at August 1, 2015, August 2, 2014 and January 31, 2015. The Company did not have any transfers between Level 1 and Level 2 during 2014 or the twenty-six weeks ended August 1, 2015.   

				Fair Value Measurements
($ thousands)	Total			Level 1			Level 2			Level 3
Asset (Liability)
As of August 1, 2015:
Cash equivalents – money market funds	$	91,709		$	91,709		$	—		$	—
Non-qualified deferred compensation plan assets	3,879			3,879			—			—
Non-qualified deferred compensation plan liabilities	(3,879		)	(3,879		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,423		)	(2,423		)	—			—
Restricted stock units for non-employee directors	(10,263		)	(10,263		)	—			—
Performance share units	(3,518		)	(3,518		)	—			—
Derivative financial instruments, net	713			—			713			—
Secured convertible note	7,118			—			—			7,118
As of August 2, 2014:
Cash equivalents – money market funds	$	8,457		$	8,457		$	—		$	—
Non-qualified deferred compensation plan assets	2,765			2,765			—			—
Non-qualified deferred compensation plan liabilities	(2,765		)	(2,765		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,983		)	(1,983		)	—			—
Restricted stock units for non-employee directors	(8,103		)	(8,103		)	—			—
Performance share units	(895		)	(895		)	—			—
Derivative financial instruments, net	(376		)	—			(376		)	—
As of January 31, 2015:
Cash equivalents – money market funds	$	35,533		$	35,533		$	—		$	—
Non-qualified deferred compensation plan assets	2,904			2,904			—			—
Non-qualified deferred compensation plan liabilities	(2,904		)	(2,904		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,066		)	(2,066		)	—			—
Restricted stock units for non-employee directors	(8,857		)	(8,857		)	—			—
Performance share units	(5,147		)	(5,147		)	—			—
Derivative financial instruments, net	79			—			79			—
Secured convertible note	6,957			—			—			6,957

Impairment Charges

The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers important that could trigger an impairment review include underperformance relative to expected historical or projected future operating results, a significant change in the manner of the use of the asset, or a negative industry or economic trend. When the Company determines that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more of the aforementioned factors, impairment is measured based on a projected discounted cash flow method. Certain factors, such as estimated store sales and expenses, used for this nonrecurring fair value measurement are considered Level 3 inputs as defined by FASB ASC 820, Fair Value Measurement. Long-lived assets held and used with a carrying amount of $82.3 million were assessed for indicators of impairment and written down to their fair value, resulting in impairment charges of $0.5 million for the thirteen weeks ended August 1, 2015. Of the $0.5 million impairment charge included in selling and administrative expenses, $0.3 million related to the Famous Footwear segment and $0.2 million related to the Brand Portfolio segment.  Impairment charges of $0.9 million were included in selling and administrative expenses for the twenty-six weeks ended August 1, 2015, of which $0.5 million related to the Famous Footwear segment and $0.4 million related to the Brand Portfolio segment. Long-lived assets held and used with a carrying amount of $85.5 million were assessed for indicators of impairment and written down to their fair value, resulting in impairment charges of $0.4 million for the thirteen weeks ended August 2, 2014. Of the $0.4 million impairment charge included in selling and administrative expenses, $0.2 million related to the Famous Footwear segment and $0.2 million related to the Brand Portfolio segment.  Impairment charges of $0.7 million were included in selling and administrative expenses for the twenty-six weeks ended August 2, 2014, of which $0.4 million related to the Famous Footwear segment and $0.3 million related to the Brand Portfolio segment.

Fair Value of the Company’s Other Financial Instruments

The fair values of cash and cash equivalents (excluding money market funds discussed above), receivables and trade accounts payable approximate their carrying values due to the short-term nature of these instruments.

	August 1, 2015				August 2, 2014				January 31, 2015
	Carrying		Fair		Carrying		Fair		Carrying		Fair
($ thousands)	Amount		Value		Amount		Value		Amount		Value
Current portion of long-term debt	$	39,157	$	40,823	$	—	$	—	$	—	$	—
Long-term debt	200,000		202,000		199,104		210,750		199,197		208,000

The fair value of the Company’s current portion of long-term debt and long-term debt was based upon quoted prices in an inactive market as of the end of the respective periods (Level 2).

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Document And Entity Information - shares	6 Months Ended
	Aug. 01, 2015	Aug. 28, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	CALERES INC
Entity Central Index Key	0000014707
Current Fiscal Year End Date	--01-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Aug. 01, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		43,711,795

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Income Taxes

6 Months Ended

Aug. 01, 2015

Income Tax Disclosure [Abstract]

Income Taxes

Note 13 Income Taxes

The Company’s effective tax rate can vary considerably from period to period, depending on a number of factors. The Company’s consolidated effective tax rates were 26.5% and 31.4% for the thirteen weeks and 26.2% and 32.7% for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively. 

The Company recognized discrete tax benefits of $1.3 million during the thirteen weeks ended August 1, 2015. Of the $1.3 million of discrete tax benefits recognized, $1.2 million related to the 2014 disposition of Shoes.com, as further discussed in Note 3 to the condensed consolidated financial statements.  The allocation of consideration received for tax purposes was finalized with the Purchaser during the second quarter, resulting in higher anticipated utilization of certain capital loss carryforwards that were previously fully reserved. If these discrete tax benefits had not been recognized during the thirteen weeks ended August 1, 2015, the Company's effective tax rate would have been 32.0%.

The Company recognized discrete tax benefits of $2.9 million during the twenty-six weeks ended August 1, 2015. In addition to the items described above, during the first quarter of 2015, the Company recognized discrete tax benefits of $1.6 million, following the conversion of one of its primary operating subsidiaries to a limited liability company. If these discrete tax benefits had not been recognized during the twenty-six weeks ended August 1, 2015, the Company's effective tax rate would have been 32.1%.

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Condensed Consolidated Statement Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 16,863	$ 18,039	$ 36,254	$ 33,515
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	(949)	244	443	1,131
Pension and other postretirement benefits adjustments	(243)	(33)	(458)	(56)
Derivative financial instruments	547	(723)	330	(1,110)
Other comprehensive income, net of tax		(512)		(35)
Other Comprehensive Income (Loss), Net of Tax	(645)	(512)	315	(35)
Comprehensive income	16,218	17,527	36,569	33,480
Comprehensive income attributable to noncontrolling interests	37	(28)	171	7
Comprehensive income attributable to Caleres, Inc.	$ 16,181	$ 17,555	$ 36,398	$ 33,473

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Goodwill And Intangible Assets

6 Months Ended

Aug. 01, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets

Note7 Goodwill and Intangible Assets

Goodwill and intangible assets attributable to the Company's operating segments were as follows:

($ thousands)	August 1, 2015			August 2, 2014			January 31, 2015
Intangible Assets
Famous Footwear	$	2,800		$	3,000		$	2,800
Brand Portfolio	183,068			183,068			183,068
Total intangible assets	185,868			186,068			185,868
Accumulated amortization	(67,085		)	(63,260		)	(65,235		)
Total intangible assets, net	118,783			122,808			120,633
Goodwill
Brand Portfolio	13,954			13,954			13,954
Total goodwill	13,954			13,954			13,954
Goodwill and intangible assets, net	$	132,737		$	136,762		$	134,587

Intangible assets consist primarily of owned and licensed trademarks, of which $20.8 million as of August 1, 2015 and January 31, 2015 and $21.0 million as of August 2, 2014, are not subject to amortization. The remaining intangible assets are subject to amortization and have useful lives ranging from 15 to 40 years as of August 1, 2015. Amortization expense related to intangible assets was $0.9 million and $1.0 million for the thirteen weeks and $1.9 million and $2.0 million for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively. 

On February 3, 2014, the Company entered into and simultaneously closed an Asset Purchase Agreement (the “Asset Purchase Agreement”), pursuant to which the Company acquired the Franco Sarto trademarks.  As consideration, the Company paid a cash purchase price of $65.0 million at the time of closing.  As a result of entering into and closing the Asset Purchase Agreement, the Company’s license agreement, granting the Company the right to sell footwear and other products using the Franco Sarto trademarks through 2019, was terminated.  The purchase price of $65.0 million, as well as transaction costs of $0.1 million, are being amortized over its useful life of 40 years. 

In December 2014, in conjunction with the disposition of Shoes.com as further described in Note 3 to the condensed consolidated financial statements, the Company sold intangible assets with a carrying value of $0.2 million. The intangible assets were previously included in the Famous Footwear segment.

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Business Segment Information

6 Months Ended

Aug. 01, 2015

Segment Reporting [Abstract]

Business Segment Information

Note 6 Business Segment Information

During the fourth quarter of 2014, following the sale of Shoes.com, the Company revised its reportable segments. This change reflects the Company's omnichannel approach to managing its branded footwear business across all distribution channels.

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended August 1, 2015 and August 2, 2014.  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended August 1, 2015
External sales	$	395,873	$	241,961	$	—		$	637,834
Intersegment sales	—		32,962		—			32,962
Operating earnings (loss)	27,672		16,005		(7,943		)	35,734
Segment assets	608,353		540,582		278,538			1,427,473
Thirteen Weeks Ended August 2, 2014
External sales	$	404,069	$	231,808	$	—		$	635,877
Intersegment sales	—		36,134		—			36,134
Operating earnings (loss)	25,524		17,497		(11,719		)	31,302
Segment assets	597,262		555,042		136,778			1,289,082
Twenty-six Weeks Ended August 1, 2015
External sales	$	755,893	$	484,224	$	—		$	1,240,117
Intersegment sales	—		50,288		—			50,288
Operating earnings (loss)	55,632		27,065		(16,627		)	66,070
Twenty-six Weeks Ended August 2, 2014
External sales	$	770,795	$	456,244	$	—		$	1,227,039
Intersegment sales	—		56,684		—			56,684
Operating earnings (loss)	52,254		28,700		(20,926		)	60,028

The Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments.  

Following is a reconciliation of operating earnings to earnings before income taxes:   

	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Operating earnings	$	35,734		$	31,302		$	66,070		$	60,028
Interest expense	(4,345		)	(5,125		)	(8,808		)	(10,431		)
Loss on early extinguishment of debt	(8,690		)	—			(8,690		)	—
Interest income	238			109			542			185
Earnings before income taxes	$	22,937		$	26,286		$	49,114		$	49,782

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Long-Term and Short-Term Financing Arrangements (Tables)

6 Months Ended

Aug. 01, 2015

Long-term and short-term financing activities (Narrative) (Details) [Abstract]

Schedule Of Redemption Price Percentage [Table Text Block]

Year	Percentage
2015	103.563	%
2016	101.781	%
2017 and thereafter	100.000	%

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Related Party Transactions

6 Months Ended

Aug. 01, 2015

Related Party Transactions [Abstract]

Related Party Transactions

Note 14 Related Party Transactions

C. banner International Holdings Limited

The Company has a joint venture agreement with a subsidiary of C. banner International Holdings Limited (“CBI”) to market Naturalizer footwear in China. The Company is a 51% owner of the joint venture (“B&H Footwear”), with CBI owning the other 49%. B&H Footwear sells Naturalizer footwear to a retail affiliate of CBI on a wholesale basis, which in turn sells the Naturalizer products through department store shops and free-standing stores in China.  During the thirteen and twenty-six weeks ended August 1, 2015, the Company sold $2.1 million and $4.7 million, respectively, of Naturalizer footwear on a wholesale basis to CBI through its consolidated subsidiary, B&H Footwear, with $1.4 million and $3.4 million in corresponding sales during the thirteen and twenty-six weeks ended August 2, 2014.

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Retirement And Other Benefit Plans

6 Months Ended

Aug. 01, 2015

Compensation and Retirement Disclosure [Abstract]

Retirement And Other Benefit Plans

Note10 Retirement and Other Benefit Plans

The following tables set forth the components of net periodic benefit income for the Company, including domestic and Canadian plans:

	Pension Benefits						Other Postretirement Benefits
	Thirteen Weeks Ended						Thirteen Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Service cost	$	2,993		$	2,239		$	—		$	—
Interest cost	3,578			3,560			14			12
Expected return on assets	(8,190		)	(6,197		)	—			—
Amortization of:
Actuarial loss (gain)	143			67			(63		)	(132		)
Prior service (income) expense	(481		)	6			—			—
Total net periodic benefit income	$	(1,957	)	$	(325	)	$	(49	)	$	(120	)
	Pension Benefits						Other Postretirement Benefits
	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Service cost	$	6,322		$	4,826		$	—		$	—
Interest cost	7,164			7,116			28			24
Expected return on assets	(15,845		)	(12,381		)	—			—
Amortization of:
Actuarial loss (gain)	309			102			(111		)	(217		)
Prior service (income) expense	(956		)	14			—			—
Total net periodic benefit income	$	(3,006	)	$	(323	)	$	(83	)	$	(193	)

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Shareholders' Equity

6 Months Ended

Aug. 01, 2015

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Note8 Shareholders’ Equity

The following tables set forth the changes in Caleres, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively:

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests		Total Equity
Equity at January 31, 2015	$	540,910		$	712	$	541,622
Net earnings	36,086			168		36,254
Other comprehensive income	315			3		318
Dividends paid	(6,135		)	—		(6,135		)
Acquisition of treasury stock	(4,921		)	—		(4,921		)
Issuance of common stock under share-based plans, net	(4,428		)	—		(4,428		)
Tax benefit related to share-based plans	2,838			—		2,838
Share-based compensation expense	3,680			—		3,680
Equity at August 1, 2015	$	568,345		$	883	$	569,228

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity at February 1, 2014	$	476,699		$	663		$	477,362
Net earnings	33,493			22			33,515
Other comprehensive loss	(35		)	(15		)	(50		)
Dividends paid	(6,110		)	—			(6,110		)
Issuance of common stock under share-based plans, net	(523		)	—			(523		)
Tax benefit related to share-based plans	2,097			—			2,097
Share-based compensation expense	2,961			—			2,961
Equity at August 2, 2014	$	508,582		$	670		$	509,252

Accumulated Other Comprehensive Income

The following table sets forth the changes in accumulated other comprehensive income by component for the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014:

($ thousands)	Foreign Currency Translation			Pension and Other Postretirement Transactions (1)			Derivative Financial Instrument Transactions (2)			Accumulated Other Comprehensive Income (Loss)
Balance May 2, 2015	$	647		$	3,018		$	7		$	3,672
Other comprehensive (loss) income before reclassifications	(949		)	—			625			(324		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(401		)	(109		)	(510		)
Tax provision	—			158			31			189
Net reclassifications	—			(243		)	(78		)	(321		)
Other comprehensive (loss) income	(949		)	(243		)	547			(645		)
Balance August 1, 2015	$	(302	)	$	2,775		$	554		$	3,027
Balance May 3, 2014	$	3,243		$	13,559		$	351		$	17,153
Other comprehensive income (loss) before reclassifications	244			—			(761		)	(517		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive (loss) income	—			(59		)	55			(4		)
Tax provision (benefit)	—			26			(17		)	9
Net reclassifications	—			(33		)	38			5
Other comprehensive income (loss)	244			(33		)	(723		)	(512		)
Balance August 2, 2014	$	3,487		$	13,526		$	(372	)	$	16,641
Balance January 31, 2015	$	(745	)	$	3,233		$	224		$	2,712
Other comprehensive income before reclassifications, net of tax	443			—			365			808
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(758		)	(38		)	(796		)
Tax provision	—			300			3			303
Net reclassifications	—			(458		)	(35		)	(493		)
Other comprehensive income (loss)	443			(458		)	330			315
Balance August 1, 2015	$	(302	)	$	2,775		$	554		$	3,027
Balance February 1, 2014	$	2,356		$	13,582		$	738		$	16,676
Other comprehensive income (loss) before reclassifications	1,131			—			(1,094		)	37
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(101		)	(23		)	(124		)
Tax provision	—			45			7			52
Net reclassifications	—			(56		)	(16		)	(72		)
Other comprehensive income (loss)	1,131			(56		)	(1,110		)	(35		)
Balance August 2, 2014	$	3,487		$	13,526		$	(372	)	$	16,641

(1) Amounts reclassified are included in selling and administrative expenses. See Note 10 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.

(2) Amounts reclassified are included in net sales, costs of goods sold and selling and administrative expenses. See Notes 11 and 12 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

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Share-Based Compensation

6 Months Ended

Aug. 01, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Note 9 Share-Based Compensation

The Company recognized share-based compensation expense of $2.0 million and $1.4 million during the thirteen weeks and $3.7 million and $3.0 million during the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively.

The Company issued 20,163 and 62,117 shares of common stock during the thirteen weeks and 364,842 and 514,242 during the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively, for stock-based awards, stock options exercised and directors' fees.

The following tables summarize restricted stock activity for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended August 1, 2015					Thirteen Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
May 2, 2015	1,462,416		$	18.57	May 3, 2014	1,652,258		$	15.58
Granted	8,000		31.67		Granted	8,800		28.02
Forfeited	(15,000	)	16.04		Forfeited	(27,600	)	15.73
Vested	(59,800	)	11.61		Vested	(34,988	)	16.67
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60

	Twenty-six Weeks Ended August 1, 2015					Twenty-six Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
January 31, 2015	1,562,470		$	15.61	February 1, 2014	1,700,098		$	13.25
Granted	293,421		30.11		Granted	279,710		28.17
Forfeited	(49,850	)	19.51		Forfeited	(27,600	)	15.73
Vested	(410,425	)	14.15		Vested	(353,738	)	14.25
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60

All of the restricted shares granted during the thirteen weeks ended August 1, 2015 and August 2, 2014 will vest in four years. Of the 293,421 restricted shares granted during the twenty-six weeks ended August 1, 2015, 280,921 will vest in four years and 12,500 of the shares will vest in five years. Of the 279,710 restricted shares granted during the twenty-six weeks ended August 2, 2014, 277,910 will vest in four years and the remaining 1,800 restricted shares vested in one year. Share-based compensation expense is recognized on a straight-line basis over the respective vesting periods.

During the thirteen weeks ended August 1, 2015 and August 2, 2014, the Company granted no performance share awards. During the twenty-six weeks ended August 1, 2015 and August 2, 2014, the Company granted performance share awards for a targeted 177,921 shares and 88,185 units, respectively, with a weighted-average grant date fair value of $30.12 and $28.18, respectively. Vesting of performance-based awards is dependent upon the financial performance of the Company and the attainment of certain financial goals during the three year period following the grant. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of specified financial goals for the service period. Compensation expense is being recognized based on the fair value of the award and the anticipated number of units to be awarded in accordance with the vesting schedule of the units over the three-year service period. The performance share units are settled in cash and their fair value is based on the unadjusted quoted market price for the Company’s common stock on each measurement date.

During the thirteen and twenty-six weeks ended August 1, 2015, the Company granted zero and 16,667 stock options, respectively, with a weighted-average grant date fair value of $29.18. Of the 16,667 stock options granted, 8,333 will vest in four years and 8,334 will vest in five years.

The following tables summarize restricted stock unit (RSU) activity for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended August 1, 2015				Thirteen Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
May 2, 2015	331,698	$	30.51	May 3, 2014	347,216	$	23.96
Granted (1)	36,740	31.68		Granted (1)	39,476	28.73
August 1, 2015	368,438	$	31.44	August 2, 2014	386,692	$	40.88

	Twenty-six Weeks Ended August 1, 2015				Twenty-six Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
January 31, 2015	330,994	$	28.72	February 1, 2014	346,305	$	21.30
Granted (1)	37,444	31.69		Granted (1)	40,387	28.68
August 1, 2015	368,438	$	31.21	August 2, 2014	386,692	$	26.43

(1) Granted RSUs include 740 RSUs and 911 RSUs for the thirteen weeks and 1,444 RSUs and 1,687 RSUs for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively, resulting from dividend equivalents paid on outstanding RSUs, which vested immediately.

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Risk Management And Derivatives

6 Months Ended

Aug. 01, 2015

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Risk Management And Derivatives

Note 11 Risk Management and Derivatives

In the normal course of business, the Company’s financial results are impacted by currency rate movements in foreign currency denominated assets, liabilities and cash flows as it makes a portion of its purchases and sales in local currencies. The Company has established policies and business practices that are intended to mitigate a portion of the effect of these exposures. The Company uses derivative financial instruments, primarily forward contracts, to manage its currency exposures. These derivative instruments are viewed as risk management tools and are not used for trading or speculative purposes. Derivatives entered into by the Company are designated as cash flow hedges of forecasted foreign currency transactions. 

Derivative financial instruments expose the Company to credit and market risk. The market risk associated with these instruments resulting from currency exchange movements is expected to offset the market risk of the underlying transactions being hedged. The Company does not believe there is a significant risk of loss in the event of non-performance by the counterparties associated with these instruments because these transactions are executed with major financial institutions and have varying maturities through July 2016. Credit risk is managed through the continuous monitoring of exposures to such counterparties. 

The Company’s hedging strategy principally uses foreign currency forward contracts as cash flow hedges, which are recorded in the condensed consolidated balance sheets at fair value, to offset a portion of the effects of exchange rate fluctuations. The Company’s cash flow exposures include anticipated foreign currency transactions, such as foreign currency denominated sales, inventory purchases, expenses and intercompany charges, as well as collections and payments. The effective portion of gains and losses resulting from changes in the fair value of these hedge instruments are deferred in accumulated other comprehensive income and reclassified to earnings in the period that the hedged transaction is recognized in earnings.  The Company performs a quarterly assessment of the effectiveness of the hedge relationship and measures and recognizes any hedge ineffectiveness in the condensed consolidated statements of earnings.

Hedge ineffectiveness is evaluated using the hypothetical derivative method. The amount of hedge ineffectiveness for the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014 was not material. 

As of August 1, 2015, August 2, 2014 and January 31, 2015, the Company had forward contracts maturing at various dates through July 2016,  August 2015 and January 2016, respectively. The contract notional amount represents the net amount of all purchase and sale contracts of a foreign currency.

	Contract Notional Amount
(U.S. $ equivalent in thousands)	August 1, 2015		August 2, 2014		January 31, 2015
Financial Instruments
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	$	19,650	$	20,973	$	19,633
Euro	18,035		12,331		16,152
Chinese yuan	15,214		14,524		14,512
Japanese yen	1,208		1,613		1,523
New Taiwanese dollars	537		598		599
Other currencies	1,096		815		970
Total financial instruments	$	55,740	$	50,854	$	53,389

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of August 1, 2015, August 2, 2014 and January 31, 2015 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange forward contracts:
August 1, 2015	Prepaid expenses and other current assets	$	1,166	Other accrued expenses	$	453
August 2, 2014	Prepaid expenses and other current assets	239		Other accrued expenses	615
January 31, 2015	Prepaid expenses and other current assets	1,863		Other accrued expenses	1,784

For the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended				Thirteen Weeks Ended
($ thousands)	August 1, 2015				August 2, 2014
Foreign exchange forward contracts: Income Statement Classification Gains (Losses) - Realized	Gain Recognized in OCI on Derivatives		Gain Reclassified from Accumulated OCI into Earnings		Gain (Loss) Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings
Net sales	$	35	$	59	$	3		$	3
Cost of goods sold	733		7		(776		)	(64		)
Selling and administrative expenses	121		43		(253		)	6
Interest expense	8		—		(5		)	—

	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015						August 2, 2014
Foreign exchange forward contracts: Income Statement Classification Gains (Losses) - Realized	Gain (Loss) Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings			Loss  Recognized in OCI on Derivatives			Gain (Loss) Reclassified from Accumulated OCI into Earnings
Net sales	$	60		$	113		$	(4	)	$	16
Cost of goods sold	532			(122		)	(757		)	(11		)
Selling and administrative expenses	33			47			(709		)	18
Interest expense	(14		)	—			(17		)	—

All gains and losses currently included within accumulated other comprehensive income associated with the Company’s foreign exchange forward contracts are expected to be reclassified into net earnings within the next 12 months. Additional information related to the Company’s derivative financial instruments are disclosed within Note 12 to the condensed consolidated financial statements.

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Long-Term and Short-Term Financing Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 01, 2015	Aug. 01, 2015	Jan. 31, 2015
Debt Instrument [Line Items]
Restricted Cash and Cash Equivalents	$ 41,482	$ 41,482
Gains (Losses) on Extinguishment of Debt	(8,690)	$ (8,690)
Line of Credit Facility, Expiration Date		Dec. 18, 2019
Line of Credit Facility, Maximum Borrowing Capacity	600,000	$ 600,000
Line Of Credit Borrowing Capacity Increase Option	150,000	$ 150,000
Line Of Credit Facility Percentage Of Borrowing Base Under Condition One		13.00%
Number of consecutive business days for borrowing base availability over minimum under condition one		30 days
Line Of Credit Facility Percentage Of Borrowing Base Under Condition Two		10.00%
Line Of Credit Facility Borrowing Base Availability Under Condition Two		$ 50,000
Line of Credit Facility, Maximum Month-end Outstanding Amount	6,300	6,300
Line of Credit Facility, Remaining Borrowing Capacity	593,700	593,700
Debt Instrument, Face Amount	$ 200,000	$ 200,000
Two Thousand Nineteen Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			7.125%

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Commitments And Contingencies (Details) $ in Millions	6 Months Ended
	Aug. 01, 2015 USD ($) landfill	May. 02, 2015 USD ($)
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Maximum	$ 1.5
Loss Contingency, Range of Possible Loss, Minimum	1.0
Loss Contingency Accrual	$ 1.5
Redfield Site [Member]
Loss Contingencies [Line Items]
Liability for on-site remediation, discounted rate	4.80%
On-site remediation liability, undiscounted basis	$ 15.4
Expected on-site remediation liability, year one		$ 0.2
Expected on-site remediation liability, year two		0.2
Expected on-site remediation liability, year three		0.2
Expected on-site remediation liability, year four		0.2
Expected on-site remediation liability, year five		0.2
Expected on-site remediation liability, thereafter	14.4
Cumulative expenditures for both on-site and off-site remediation	27.5
Reserve for anticipated future remediation activities	9.7
Reserve for anticipated future remediation activities for on-site remediation	5.0
Reserve for anticipated future remediation activities for off-site remediation	4.7
Redfield Site Other Liabilities [Member]
Loss Contingencies [Line Items]
Accrual for environmental loss contingencies in other liabilities	9.0
Redfield Site Other Accrued Expense [Member]
Loss Contingencies [Line Items]
Accrual for environmental loss contingencies in other accrued expenses	$ 0.7
New York Tannery And Two Associated Landfills [Member]
Loss Contingencies [Line Items]
Liability for on-site remediation, discounted rate	6.40%
Expected on-site remediation liability, year one		0.2
Expected on-site remediation liability, year two		0.2
Expected on-site remediation liability, year three		0.2
Expected on-site remediation liability, year four		0.2
Expected on-site remediation liability, year five		$ 0.2
Expected on-site remediation liability, thereafter	$ 0.8
Accrual for environmental loss contingencies in other liabilities	1.1
Accrual for environmental loss contingencies in other accrued expenses	$ 0.2
Number of associated landfills for which remediation efforts are completed | landfill	2
Accrued liability to complete the cleanup, maintenance and monitoring at all sites	$ 1.3
Accrued liability on an undiscounted basis	$ 1.8

XML

Financial Information For The Company And Its Subsidiaries

6 Months Ended

Aug. 01, 2015

Financial Information For The Company And Its Subsidiaries [Abstract]

Financial Information For The Company And Its Subsidiaries

Note 16 Financial Information for the Company and its Subsidiaries

The Company's 2023 Senior Notes are fully and unconditionally and jointly and severally guaranteed by all of its existing and future subsidiaries that are guarantors under the Credit Agreement, as further discussed in Note 5 to the condensed consolidated financial statements. The following table presents the condensed consolidating financial information for each of Caleres, Inc. (“Parent”), the Guarantors, and subsidiaries of the Parent that are not Guarantors (the “Non-Guarantors”), together with consolidating eliminations, as of and for the periods indicated. The Guarantors are 100% owned by the Parent.

The condensed consolidating financial statements have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. Management believes that the information, presented in lieu of complete financial statements for each of the Guarantors, provides meaningful information to allow investors to determine the nature of the assets held by, and operations and cash flows of, each of the consolidated groups.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 1, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	42,738	$	12,742	$	73,865		$	—		$	129,345
Restricted cash	41,482		—		—			—			41,482
Receivables, net	102,455		2,635		39,123			—			144,213
Inventories, net	158,061		458,869		24,198			—			641,128
Prepaid expenses and other current assets	12,032		22,554		6,416			—			41,002
Intercompany receivable – current	369		120		14,122			(14,611		)	—
Total current assets	357,137		496,920		157,724			(14,611		)	997,170
Other assets	133,056		15,227		(1,556		)	—			146,727
Goodwill and intangible assets, net	116,670		2,800		13,267			—			132,737
Property and equipment, net	31,530		109,463		9,846			—			150,839
Investment in subsidiaries	1,010,293		—		(18,530		)	(991,763		)	—
Intercompany receivable – noncurrent	425,872		359,067		533,324			(1,318,263		)	—
Total assets	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473
Liabilities and Equity
Current liabilities
Current portion of long-term debt	$	39,157	$	—	$	—		$	—		$	39,157
Trade accounts payable	121,213		222,148		39,265			—			382,626
Other accrued expenses	44,465		96,992		14,649			—			156,106
Intercompany payable – current	5,211		297		9,103			(14,611		)	—
Total current liabilities	210,046		319,437		63,017			(14,611		)	577,889
Other liabilities
Long-term debt	200,000		—		—			—			200,000
Other liabilities	44,049		33,812		2,495			—			80,356
Intercompany payable – noncurrent	1,052,118		37,745		228,400			(1,318,263		)	—
Total other liabilities	1,296,167		71,557		230,895			(1,318,263		)	280,356
Equity
Caleres, Inc. shareholders’ equity	568,345		592,483		399,280			(991,763		)	568,345
Noncontrolling interests	—		—		883			—			883
Total equity	568,345		592,483		400,163			(991,763		)	569,228
Total liabilities and equity	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	196,809		$	415,717		$	81,169		$	(55,861	)	$	637,834
Cost of goods sold	144,750			225,771			47,563			(43,045		)	375,039
Gross profit	52,059			189,946			33,606			(12,816		)	262,795
Selling and administrative expenses	60,220			164,064			15,593			(12,816		)	227,061
Operating (loss) earnings	(8,161		)	25,882			18,013			—			35,734
Interest expense	(4,345		)	—			—			—			(4,345		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	196			—			42			—			238
Intercompany interest income (expense)	3,432			(3,471		)	39			—			—
(Loss) earnings before income taxes	(17,568		)	22,411			18,094			—			22,937
Income tax benefit (provision)	3,651			(7,570		)	(2,155		)	—			(6,074		)
Equity in earnings of subsidiaries, net of tax	30,742			—			394			(31,136		)	—
Net earnings	16,825			14,841			16,333			(31,136		)	16,863
Less: Net earnings attributable to noncontrolling interests	—			—			38			—			38
Net earnings attributable to Caleres, Inc.	$	16,825		$	14,841		$	16,295		$	(31,136	)	$	16,825
Comprehensive income	$	16,181		$	14,229		$	15,719		$	(29,911	)	$	16,218
Less: Comprehensive income attributable to noncontrolling interests	—			—			37			—			37
Comprehensive income attributable to Caleres, Inc.	$	16,181		$	14,229		$	15,682		$	(29,911	)	$	16,181

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	389,160		$	795,906		$	136,150		$	(81,099	)	$	1,240,117
Cost of goods sold	282,343			427,354			84,526			(65,427		)	728,796
Gross profit	106,817			368,552			51,624			(15,672		)	511,321
Selling and administrative expenses	113,197			316,310			31,416			(15,672		)	445,251
Operating (loss) earnings	(6,380		)	52,242			20,208			—			66,070
Interest expense	(8,807		)	(1		)	—			—			(8,808		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	448			—			94			—			542
Intercompany interest income (expense)	7,109			(7,193		)	84			—			—
(Loss) earnings before income taxes	(16,320		)	45,048			20,386			—			49,114
Income tax benefit (provision)	5,335			(15,590		)	(2,605		)	—			(12,860		)
Equity in earnings of subsidiaries, net of tax	47,071			—			378			(47,449		)	—
Net earnings	36,086			29,458			18,159			(47,449		)	36,254
Less: Net earnings attributable to noncontrolling interests	—			—			168			—			168
Net earnings attributable to Caleres, Inc.	$	36,086		$	29,458		$	17,991		$	(47,449	)	$	36,086
Comprehensive income	$	36,398		$	29,570		$	18,275		$	(47,674	)	$	36,569
Less: Comprehensive income attributable to noncontrolling interests	—			—			171			—			171
Comprehensive income attributable to Caleres, Inc.	$	36,398		$	29,570		$	18,104		$	(47,674	)	$	36,398

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(3,561	)	$	71,298		$	33,518		$	—	$	101,255
Investing activities
Purchases of property and equipment	(9,933		)	(14,470		)	(469		)	—		(24,872		)
Disposals of property and equipment	7,111			—			—			—		7,111
Capitalized software	(1,959		)	(739		)	—			—		(2,698		)
Intercompany investing	(253		)	253			—			—		—
Net cash used for investing activities	(5,034		)	(14,956		)	(469		)	—		(20,459		)
Financing activities
Borrowings under revolving credit agreement	86,000			—			—			—		86,000
Repayments under revolving credit agreement	(86,000		)	—			—			—		(86,000		)
Proceeds from issuance of 2023 senior notes	200,000			—			—			—		200,000
Redemption of 2019 senior notes	(160,700		)	—			—			—		(160,700		)
Restricted cash	(41,482		)	—			—			—		(41,482		)
Debt issuance costs	(3,650		)	—			—			—		(3,650		)
Dividends paid	(6,135		)	—			—			—		(6,135		)
Acquisition of treasury stock	(4,921		)	—			—			—		(4,921		)
Issuance of common stock under share-based plans, net	(4,428		)	—			—			—		(4,428		)
Tax benefit related to share-based plans	2,838			—			—			—		2,838
Intercompany financing	55,920			(43,600		)	(12,320		)	—		—
Net cash provided by (used for) financing activities	37,442			(43,600		)	(12,320		)	—		(18,478		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(376		)	—		(376		)
Increase in cash and cash equivalents	28,847			12,742			20,353			—		61,942
Cash and cash equivalents at beginning of period	13,891			—			53,512			—		67,403
Cash and cash equivalents at end of period	$	42,738		$	12,742		$	73,865		$	—	$	129,345

CONDENSED CONSOLIDATING BALANCE SHEET
AS OF JANUARY 31, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	13,891	$	—	$	53,512		$	—		$	67,403
Receivables, net	89,030		5,398		42,218			—			136,646
Inventories, net	148,082		376,254		18,767			—			543,103
Prepaid expenses and other current assets	41,494		20,777		8,964			(27,491		)	43,744
Intercompany receivable  – current	1,194		—		8,750			(9,944		)	—
Total current assets	293,691		402,429		132,211			(37,435		)	790,896
Other assets	113,922		13,733		13,931			—			141,586
Goodwill and intangible assets, net	117,792		2,800		13,995			—			134,587
Property and equipment, net	29,237		109,720		10,786			—			149,743
Investment in subsidiaries	956,831		—		(18,909		)	(937,922		)	—
Intercompany receivable  – noncurrent	459,774		306,871		539,396			(1,306,041		)	—
Total assets	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812
Liabilities and Equity
Current liabilities
Trade accounts payable	$	60,377	$	114,208	$	41,336		$	—		$	215,921
Other accrued expenses	110,714		85,638		12,301			(27,491		)	181,162
Intercompany payable – current	4,948		—		4,996			(9,944		)	—
Total current liabilities	176,039		199,846		58,633			(37,435		)	397,083
Other liabilities
Long-term debt	199,197		—		—			—			199,197
Other liabilities	41,847		32,574		4,489			—			78,910
Intercompany payable – noncurrent	1,013,254		21,078		271,709			(1,306,041		)	—
Total other liabilities	1,254,298		53,652		276,198			(1,306,041		)	278,107
Equity
Caleres, Inc. shareholders’ equity	540,910		582,055		355,867			(937,922		)	540,910
Noncontrolling interests	—		—		712			—			712
Total equity	540,910		582,055		356,579			(937,922		)	541,622
Total liabilities and equity	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 2, 2014
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	—	$	46,876		$	—		$	46,876
Receivables, net	85,285		2,491		37,708			—			125,484
Inventories, net	160,581		470,596		26,479			—			657,656
Prepaid expenses and other current assets	11,869		20,278		7,020			—			39,167
Intercompany receivable – current	1,958		—		19,165			(21,123		)	—
Total current assets	259,693		493,365		137,248			(21,123		)	869,183
Other assets	119,473		13,455		1,851			—			134,779
Goodwill and intangible assets, net	119,041		2,800		14,921			—			136,762
Property and equipment, net	26,935		112,203		9,220			—			148,358
Investment in subsidiaries	886,736		—		(19,151		)	(867,585		)	—
Intercompany receivable  –  noncurrent	450,516		278,910		485,949			(1,215,375		)	—
Total assets	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082
Liabilities and Equity
Current liabilities
Trade accounts payable	$	104,054	$	192,787	$	44,853		$	—		$	341,694
Other accrued expenses	49,838		94,649		14,665			—			159,152
Intercompany payable – current	6,143		—		14,980			(21,123		)	—
Total current liabilities	160,035		287,436		74,498			(21,123		)	500,846
Other liabilities
Long-term debt	199,104		—		—			—			199,104
Other liabilities	34,659		37,543		7,678			—			79,880
Intercompany payable – noncurrent	960,014		38,569		216,792			(1,215,375		)	—
Total other liabilities	1,193,777		76,112		224,470			(1,215,375		)	278,984
Equity
Caleres, Inc. shareholders’ equity	508,582		537,185		330,400			(867,585		)	508,582
Noncontrolling interests	—		—		670			—			670
Total equity	508,582		537,185		331,070			(867,585		)	509,252
Total liabilities and equity	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	183,598		$	417,917		$	94,578		$	(60,216	)	$	635,877
Cost of goods sold	136,433			229,064			60,154			(49,416		)	376,235
Gross profit	47,165			188,853			34,424			(10,800		)	259,642
Selling and administrative expenses	57,149			164,142			17,849			(10,800		)	228,340
Operating (loss) earnings	(9,984		)	24,711			16,575			—			31,302
Interest expense	(5,125		)	—			—			—			(5,125		)
Interest income	12			—			97			—			109
Intercompany interest income (expense)	3,828			(3,787		)	(41		)	—			—
(Loss) earnings before income taxes	(11,269		)	20,924			16,631			—			26,286
Income tax benefit (provision)	1,684			(8,375		)	(1,556		)	—			(8,247		)
Equity in earnings of subsidiaries, net of tax	27,649			—			81			(27,730		)	—
Net earnings	18,064			12,549			15,156			(27,730		)	18,039
Less: Net earnings attributable to noncontrolling interests	—			—			(25		)	—			(25		)
Net earnings attributable to Caleres, Inc.	$	18,064		$	12,549		$	15,181		$	(27,730	)	$	18,064
Comprehensive income	$	17,555		$	12,541		$	15,143		$	(27,712	)	$	17,527
Less: Comprehensive income attributable to noncontrolling interests	—			—			(28		)	—			(28		)
Comprehensive income attributable to Caleres, Inc.	$	17,555		$	12,541		$	15,171		$	(27,712	)	$	17,555

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	362,758		$	795,330		$	158,931		$	(89,980	)	$	1,227,039
Cost of goods sold	263,899			433,619			103,156			(75,618		)	725,056
Gross profit	98,859			361,711			55,775			(14,362		)	501,983
Selling and administrative expenses	106,346			310,783			39,188			(14,362		)	441,955
Operating (loss) earnings	(7,487		)	50,928			16,587			—			60,028
Interest expense	(10,430		)	(1		)	—			—			(10,431		)
Interest income	13			—			172			—			185
Intercompany interest income (expense)	7,802			(7,720		)	(82		)	—			—
(Loss) earnings before income taxes	(10,102		)	43,207			16,677			—			49,782
Income tax benefit (provision)	2,148			(17,229		)	(1,186		)	—			(16,267		)
Equity in earnings (loss) of subsidiaries, net of tax	41,447			—			(207		)	(41,240		)	—
Net earnings	33,493			25,978			15,284			(41,240		)	33,515
Less: Net loss attributable to noncontrolling interests	—			—			22			—			22
Net earnings attributable to Caleres, Inc.	$	33,493		$	25,978		$	15,262		$	(41,240	)	$	33,493
Comprehensive income	$	33,473		$	26,526		$	15,818		$	(42,337	)	$	33,480
Less: Comprehensive loss attributable to noncontrolling interests	—			—			7			—			7
Comprehensive income attributable to Caleres, Inc.	$	33,473		$	26,526		$	15,811		$	(42,337	)	$	33,473

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(14,071	)	$	57,490		$	23,072		$	—	$	66,491
Investing activities
Purchases of property and equipment	(2,810		)	(19,355		)	(1,346		)	—		(23,511		)
Capitalized software	(2,642		)	(43		)	(29		)	—		(2,714		)
Acquisition of trademarks	(65,065		)	—			—			—		(65,065		)
Intercompany investing	(624		)	(295		)	919			—		—
Net cash used for investing activities	(71,141		)	(19,693		)	(456		)	—		(91,290		)
Financing activities
Borrowings under revolving credit agreement	456,000			—			—			—		456,000
Repayments under revolving credit agreement	(463,000		)	—			—			—		(463,000		)
Dividends paid	(6,110		)	—			—			—		(6,110		)
Issuance of common stock under share-based plans, net	(523		)	—			—			—		(523		)
Tax benefit related to share-based plans	2,097			—			—			—		2,097
Intercompany financing	96,748			(37,797		)	(58,951		)	—		—
Net cash provided by (used for) financing activities	85,212			(37,797		)	(58,951		)	—		(11,536		)
Effect of exchange rate changes on cash and cash equivalents	—			—			665			—		665
Decrease in cash and cash equivalents	—			—			(35,670		)	—		(35,670		)
Cash and cash equivalents at beginning of period	—			—			82,546			—		82,546
Cash and cash equivalents at end of period	$	—		$	—		$	46,876		$	—	$	46,876

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Shareholders' Equity (Tables)

6 Months Ended

Aug. 01, 2015

Stockholders' Equity Note [Abstract]

Schedule Of Changes In Shareholders' Equity And Noncontrolling Interests

The following tables set forth the changes in Caleres, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively:

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests		Total Equity
Equity at January 31, 2015	$	540,910		$	712	$	541,622
Net earnings	36,086			168		36,254
Other comprehensive income	315			3		318
Dividends paid	(6,135		)	—		(6,135		)
Acquisition of treasury stock	(4,921		)	—		(4,921		)
Issuance of common stock under share-based plans, net	(4,428		)	—		(4,428		)
Tax benefit related to share-based plans	2,838			—		2,838
Share-based compensation expense	3,680			—		3,680
Equity at August 1, 2015	$	568,345		$	883	$	569,228

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity at February 1, 2014	$	476,699		$	663		$	477,362
Net earnings	33,493			22			33,515
Other comprehensive loss	(35		)	(15		)	(50		)
Dividends paid	(6,110		)	—			(6,110		)
Issuance of common stock under share-based plans, net	(523		)	—			(523		)
Tax benefit related to share-based plans	2,097			—			2,097
Share-based compensation expense	2,961			—			2,961
Equity at August 2, 2014	$	508,582		$	670		$	509,252

Schedule Of Accumulated Other Comprehensive Income (Loss)

The following table sets forth the changes in accumulated other comprehensive income by component for the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014:

($ thousands)	Foreign Currency Translation			Pension and Other Postretirement Transactions (1)			Derivative Financial Instrument Transactions (2)			Accumulated Other Comprehensive Income (Loss)
Balance May 2, 2015	$	647		$	3,018		$	7		$	3,672
Other comprehensive (loss) income before reclassifications	(949		)	—			625			(324		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(401		)	(109		)	(510		)
Tax provision	—			158			31			189
Net reclassifications	—			(243		)	(78		)	(321		)
Other comprehensive (loss) income	(949		)	(243		)	547			(645		)
Balance August 1, 2015	$	(302	)	$	2,775		$	554		$	3,027
Balance May 3, 2014	$	3,243		$	13,559		$	351		$	17,153
Other comprehensive income (loss) before reclassifications	244			—			(761		)	(517		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive (loss) income	—			(59		)	55			(4		)
Tax provision (benefit)	—			26			(17		)	9
Net reclassifications	—			(33		)	38			5
Other comprehensive income (loss)	244			(33		)	(723		)	(512		)
Balance August 2, 2014	$	3,487		$	13,526		$	(372	)	$	16,641
Balance January 31, 2015	$	(745	)	$	3,233		$	224		$	2,712
Other comprehensive income before reclassifications, net of tax	443			—			365			808
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(758		)	(38		)	(796		)
Tax provision	—			300			3			303
Net reclassifications	—			(458		)	(35		)	(493		)
Other comprehensive income (loss)	443			(458		)	330			315
Balance August 1, 2015	$	(302	)	$	2,775		$	554		$	3,027
Balance February 1, 2014	$	2,356		$	13,582		$	738		$	16,676
Other comprehensive income (loss) before reclassifications	1,131			—			(1,094		)	37
Reclassifications:
Amounts reclassified from accumulated other comprehensive income	—			(101		)	(23		)	(124		)
Tax provision	—			45			7			52
Net reclassifications	—			(56		)	(16		)	(72		)
Other comprehensive income (loss)	1,131			(56		)	(1,110		)	(35		)
Balance August 2, 2014	$	3,487		$	13,526		$	(372	)	$	16,641

(1) Amounts reclassified are included in selling and administrative expenses. See Note 10 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.

(2) Amounts reclassified are included in net sales, costs of goods sold and selling and administrative expenses. See Notes 11 and 12 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Income Tax Disclosure [Abstract]
Entity Legal Form			1.3
Consolidated effective tax rate	26.50%	31.40%	26.20%	32.70%
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 1.2

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Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Aug. 01, 2015	May. 02, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Jan. 31, 2015	May. 03, 2014	Feb. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 18.97	$ 18.57	$ 15.60	$ 18.97	$ 15.60	$ 15.61	$ 15.58	$ 13.25
Share-based compensation expense	$ 1,993		$ 1,406	$ 3,680	$ 2,961
Shares of common stock issued during the period	20,163		62,117	364,842	514,242
Weighted-average grant date fair value of stock	$ 31.67		$ 28.02	$ 30.11	$ 28.17
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	16.04		15.73	$ 19.51	15.73
Minimum pay out percentage				0.00%
Maximum pay out percentage				200.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 11.61		$ 16.67	$ 14.15	$ 14.25
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,395,616	1,462,416	1,598,470	1,395,616	1,598,470	1,562,470	1,652,258	1,700,098
Number of stock shares granted	8,000		8,800	293,421	279,710
Weighted-average grant date fair value of stock		$ 28.17
Cancelled shares of stock as a result of forfeitures of restricted stock awards	(15,000)		(27,600)	(49,850)	(27,600)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(59,800)		(34,988)	(410,425)	(353,738)
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock shares granted				177,921	88,185
Weighted-average grant date fair value of stock				$ 30.12	$ 28.18
Maximum pay out percentage				200.00%
Requisite service period				3 years
Non-Employee Directors [Member] | Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock shares granted	0			16,667
Weighted-average grant date fair value of stock				$ 29.18
Five Year Vesting Period [Member] | Non-Employee Directors [Member] | Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock shares granted				8,334
Four Year Vesting Period [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock shares granted				280,921	277,910
Four Year Vesting Period [Member] | Non-Employee Directors [Member] | Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock shares granted				8,333
One Year Vesting Period [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock shares granted				12,500	1,800
Thirteen weeks | Non-Employee Directors [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	368,438	331,698	386,692	368,438	386,692		347,216
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 31.44	$ 30.51	$ 40.88	$ 31.44	$ 40.88		$ 23.96
Number of stock shares granted	36,740		39,476
Weighted-average grant date fair value of stock	$ 31.68		$ 28.73
Twenty-six weeks | Non-Employee Directors [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	368,438		386,692	368,438	386,692	330,994		346,305
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 31.21		$ 26.43	$ 31.21	$ 26.43	$ 28.72		$ 21.30
Number of stock shares granted				37,444	40,387
Weighted-average grant date fair value of stock				$ 31.69	$ 28.68

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Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net earnings	$ 36,254	$ 33,515
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	17,500	17,162
Amortization of capitalized software	6,140	6,392
Amortization of intangible assets	1,850	1,976
Amortization of debt issuance costs and debt discount	617	1,257
Loss on early extinguishment of debt	8,690
Share-based compensation expense	3,680	2,961
Tax benefit related to share-based plans	(2,838)	(2,097)
Loss on disposal of facilities and equipment	(1,897)	772
Impairment charges for facilities and equipment	857	725
Deferred rent	1,239	(2,033)
Provision for doubtful accounts	100	48
Changes in operating assets and liabilities, net of dispositions:
Receivables	(7,668)	3,655
Inventories	(98,445)	(109,619)
Prepaid expenses and other current and noncurrent assets	(11,633)	(2,845)
Trade accounts payable	166,786	114,874
Accrued expenses and other liabilities	(21,952)	1,696
Other, net	1,975	(1,948)
Net cash provided by operating activities	101,255	66,491
Investing Activities
Purchases of property and equipment	(24,872)	(23,511)
Capitalized software	(2,698)	(2,714)
Acquisition of trademarks	0	(65,065)
Net cash used for investing activities	(20,459)	(91,290)
Financing Activities
Borrowings under revolving credit agreement	86,000	456,000
Repayments under revolving credit agreement	(86,000)	(463,000)
Proceeds from issuance of 2023 senior notes	200,000
Redemption of 2019 senior notes	(160,700)
Restricted cash	(41,482)
Debt issuance costs	(3,650)
Dividends paid	(6,135)	(6,110)
Acquisition of treasury stock	4,921
Issuance of common stock under share-based plans, net	(4,428)	(523)
Tax benefit related to share-based plans	2,838	2,097
Net cash used for financing activities	(18,478)	(11,536)
Effect of exchange rate changes on cash and cash equivalents	(376)	665
Decrease in cash and cash equivalents	61,942	(35,670)
Cash and cash equivalents at beginning of period	67,403	82,546
Cash and cash equivalents at end of period	$ 129,345	$ 46,876

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Long-Term and Short-Term Financing Arrangements (Notes)

6 Months Ended

Aug. 01, 2015

Long-term and short-term financing activities (Narrative) (Details) [Abstract]

Debt Disclosure [Text Block]

Note 5 Long-term and Short-term Financing Arrangements

Credit Agreement 

On December 18, 2014, the Company and certain of its subsidiaries (the “Loan Parties”) entered into a Fourth Amended and Restated Credit Agreement, which was further amended on July 20, 2015 to release all of the Company’s subsidiaries that were borrowers under or that guaranteed the Credit Agreement other than Sidney Rich Associates, Inc. and BG Retail, LLC (as so amended, the “Credit Agreement”). After giving effect to the amendment, the Company is the lead borrower, and Sidney Rich Associates, Inc. and BG Retail, LLC are each co-borrowers and guarantors under the Credit Agreement. The Credit Agreement matures on December 18, 2019 and provides for a revolving credit facility in an aggregate amount of up to $600.0 million, subject to the calculated borrowing base restrictions, and provides for an increase at the Company’s option by up to $150.0 million from time to time during the term of the Credit Agreement, subject to satisfaction of certain conditions and the willingness of existing or new lenders to assume the increase.

Borrowing availability under the Credit Agreement is limited to the lesser of the total commitments and the borrowing base ("Loan Cap"), which is based on stated percentages of the sum of eligible accounts receivable, eligible inventory and eligible credit card receivables, as defined, less applicable reserves. Under the Credit Agreement, the Loan Parties’ obligations are secured by a first-priority security interest in all accounts receivable, inventory and certain other collateral.

Interest on borrowings is at variable rates based on the London Interbank Offered Rate (“LIBOR”) or the prime rate, as defined in the Credit Agreement, plus a spread. The interest rate and fees for letters of credit vary based upon the level of excess availability under the Credit Agreement. There is an unused line fee payable on the unused portion under the facility and a letter of credit fee payable on the outstanding face amount under letters of credit.

The Credit Agreement limits the Company’s ability to create, incur, assume or permit to exist additional indebtedness and liens, make investments or specified payments, give guarantees, pay dividends, make capital expenditures and merge or acquire or sell assets. In addition, certain additional covenants would be triggered if excess availability were to fall below specified levels, including fixed charge coverage ratio requirements. Furthermore, if excess availability falls below 12.5% of the Loan Cap for three consecutive business days or an event of default occurs, the lenders may assume dominion and control over the Company’s cash (a “cash dominion event”) until such event of default is cured or waived or the excess availability exceeds such amount for 30 consecutive days, provided that a cash dominion event shall be deemed continuing (even if an event of default is no longer continuing and/or excess availability exceeds the required amount for 30 consecutive business days) after a cash dominion event has occurred and been discontinued on two occasions in any twelve month period.

The Credit Agreement contains customary events of default, including, without limitation, payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to other material indebtedness, certain events of bankruptcy and insolvency, judgment defaults in excess of a certain threshold, the failure of any guaranty or security document supporting the agreement to be in full force and effect, and a change of control event. In addition, if the excess availability falls below the greater of (i) 10.0% of the lesser of the Loan Cap and (ii) $50.0 million, and the fixed charge coverage ratio is less than 1.0 to 1.0, the Company would be in default under the Credit Agreement. The Credit Agreement also contains certain other covenants and restrictions. We were in compliance with all covenants and restrictions under the Credit Agreement as of August 1, 2015. 

At August 1, 2015, the Company had no borrowings outstanding and $6.3 million in letters of credit outstanding under the Credit Agreement. Total borrowing availability was $593.7 million at August 1, 2015.   

$200 Million Senior Notes Due 2019 

On May 11, 2011, the Company issued $200.0 million aggregate principal amount of 7.125% Senior Notes due 2019 (the “2019 Senior Notes”). The 2019 Senior Notes were guaranteed on a senior unsecured basis by each of its subsidiaries that was an obligor under the Credit Agreement. Interest on the 2019 Senior Notes was payable on May 15 and November 15 of each year. The 2019 Senior Notes were scheduled to mature on May 15, 2019 but were callable at the redemption prices (expressed as a percentage of principal amount) set forth below plus accrued and unpaid interest, if redeemed during the 12-month period beginning on May 15 of the years indicated below:

Year	Percentage
2015	103.563	%
2016	101.781	%
2017 and thereafter	100.000	%

On July 20, 2015, the Company commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding aggregate principal amount of its 2019 Senior Notes. Upon expiration of the Tender Offer on July 24, 2015, $160.7 million aggregate principal amount of the 2019 Senior Notes (or 80.35% of the aggregate principal amount of the 2019 Senior Notes outstanding) were validly tendered. As of August 1, 2015, $41.5 million of restricted cash is included in the condensed consolidated balance sheets, representing deposits with the trustee for the redemption of the remaining outstanding 2019 Senior Notes. During the thirteen weeks ended August 1, 2015, the Company recognized a loss on the early extinguishment of the 2019 Senior Notes of $8.7 million, which represents the tender offer and call premiums, and the unamortized debt issuance costs and original issue discount associated with the portion of the 2019 Senior Notes that were redeemed. 

Subsequent Event- Redemption of 2019 Senior Notes - On August 26, 2015, the Company redeemed the remaining outstanding $39.3 million aggregate principal amount of outstanding 2019 Senior Notes at the redemption price of 103.563% and recognized an additional loss on early extinguishment of $2.0 million, comprised of the call premium and the associated unamortized debt issuance costs and original issue discount.

$200 Million Senior Notes Due 2023

On July 27, 2015, the Company issued $200.0 million aggregate principal amount of 6.25% Senior Notes due 2023 (the "2023 Senior Notes") in a private placement. The 2023 Senior Notes are guaranteed on a senior unsecured basis by each of the Company's subsidiaries that is a borrower or guarantor under the Credit Agreement. Interest on the 2023 Senior Notes is payable on February 15 and August 15 of each year, beginning on February 15, 2016. The 2023 Senior Notes will mature on August 15, 2023.  Prior to August 15, 2018, the Company may redeem some or all of the 2023 Senior Notes at a redemption price equal to 100% of the the principal amount of the 2023 Senior Notes plus a "make-whole" premium (as defined in the 2023 Senior Notes indenture) and accrued and unpaid interest to the redemption date.  After August 15, 2018, the Company may redeem all or a part of the 2023 Senior Notes at the redemption prices (expressed as a percentage of principal amount) set forth below plus accrued and unpaid interest, and Additional Interest (as defined in the 2023 Senior Notes indenture), if redeemed during the 12-month period beginning on August 15 of the years indicated below:

Year	Percentage
2018	104.688	%
2019	103.125	%
2020	101.563	%
2021 and thereafter	100.000	%

If the Company experiences specific kinds of changes of control, it would be required to offer to purchase the 2023 Senior Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest and Additional Interest, if any, to, but not including, the date of repurchase.

The 2023 Senior Notes also contain certain other covenants and restrictions that limit certain activities including, among other things, levels of indebtedness, payments of dividends, the guarantee or pledge of assets, certain investments, common stock repurchases, mergers and acquisitions and sales of assets. As of August 1, 2015, we were in compliance with all covenants and restrictions relating to the 2023 Senior Notes.

The net proceeds from the issuance of the 2023 Senior Notes were approximately $196.3 million after deducting fees and expenses associated with the offering. The Company used the net proceeds, together with cash on hand, to redeem the outstanding 2019 Senior Notes.

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Share-Based Compensation Share-Based Compensation (Tables)

6 Months Ended

Aug. 01, 2015

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

The following tables summarize restricted stock unit (RSU) activity for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended August 1, 2015				Thirteen Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
May 2, 2015	331,698	$	30.51	May 3, 2014	347,216	$	23.96
Granted (1)	36,740	31.68		Granted (1)	39,476	28.73
August 1, 2015	368,438	$	31.44	August 2, 2014	386,692	$	40.88

	Twenty-six Weeks Ended August 1, 2015				Twenty-six Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
January 31, 2015	330,994	$	28.72	February 1, 2014	346,305	$	21.30
Granted (1)	37,444	31.69		Granted (1)	40,387	28.68
August 1, 2015	368,438	$	31.21	August 2, 2014	386,692	$	26.43

(1) Granted RSUs include 740 RSUs and 911 RSUs for the thirteen weeks and 1,444 RSUs and 1,687 RSUs for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively, resulting from dividend equivalents paid on outstanding RSUs, which vested immediately.

The following tables summarize restricted stock activity for the periods ended August 1, 2015 and August 2, 2014:

	Thirteen Weeks Ended August 1, 2015					Thirteen Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
May 2, 2015	1,462,416		$	18.57	May 3, 2014	1,652,258		$	15.58
Granted	8,000		31.67		Granted	8,800		28.02
Forfeited	(15,000	)	16.04		Forfeited	(27,600	)	15.73
Vested	(59,800	)	11.61		Vested	(34,988	)	16.67
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60

	Twenty-six Weeks Ended August 1, 2015					Twenty-six Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
January 31, 2015	1,562,470		$	15.61	February 1, 2014	1,700,098		$	13.25
Granted	293,421		30.11		Granted	279,710		28.17
Forfeited	(49,850	)	19.51		Forfeited	(27,600	)	15.73
Vested	(410,425	)	14.15		Vested	(353,738	)	14.25
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60

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Goodwill And Intangible Assets (Schedule Of Goodwill And Intangible Assets) (Details) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015	Aug. 02, 2014
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 185,868	$ 185,868	$ 186,068
Accumulated amortization	(67,085)	(65,235)	(63,260)
Total intangible assets, net	118,783	120,633	122,808
Goodwill	13,954	13,954	13,954
Goodwill and intangible assets, net	132,737	134,587	136,762
Famous Footwear [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	2,800	2,800	3,000
Wholesale Operations [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	13,954	13,954	13,954
Specialty Retail [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 183,068	$ 183,068	$ 183,068

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Commitments And Contingencies

6 Months Ended

Aug. 01, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Note 15 Commitments and Contingencies

Environmental Remediation

Prior operations included numerous manufacturing and other facilities for which the Company may have responsibility under various environmental laws for the remediation of conditions that may be identified in the future. The Company is involved in environmental remediation and ongoing compliance activities at several sites and has been notified that it is or may be a potentially responsible party at several other sites.

Redfield

The Company is remediating, under the oversight of Colorado authorities, the groundwater and indoor air at its owned facility in Colorado (the “Redfield site” or, when referring to remediation activities at or under the facility, the “on-site remediation”) and residential neighborhoods adjacent to and near the property (the “off-site remediation”) that have been affected by solvents previously used at the facility. The on-site remediation calls for the operation of a pump and treat system (which prevents migration of contaminated groundwater off the property) as the final remedy for the site, subject to monitoring and periodic review of the on-site conditions and other remedial technologies that may be developed in the future. Off-site groundwater concentrations have been reducing over time since installation of the pump and treat system in 2000 and injection of clean water beginning in 2003. However, localized areas of contaminated bedrock just beyond the property line continue to impact off-site groundwater. The modified workplan for addressing this condition includes converting the off-site bioremediation system into a monitoring well network and employing different remediation methods in these recalcitrant areas. In accordance with the workplan, a pilot test was conducted of certain groundwater remediation methods and the results of that test were used to develop more detailed plans for remedial activities in the off-site areas, which were approved by the authorities and are being implemented in a phased manner. The results of groundwater monitoring are being used to evaluate the effectiveness of these activities. The liability for the on-site remediation was discounted at 4.8%. On an undiscounted basis, the on-site remediation liability would be $15.4 million as of August 1, 2015. The Company expects to spend approximately $0.2 million in each of the next five years and $14.4 million in the aggregate thereafter related to the on-site remediation.

The cumulative expenditures for both on-site and off-site remediation through August 1, 2015 were $27.5 million. The Company has recovered a portion of these expenditures from insurers and other third parties. The reserve for the anticipated future remediation activities at August 1, 2015 is $9.7 million, of which $9.0 million is recorded within other liabilities and $0.7 million is recorded within other accrued expenses. Of the total $9.7 million reserve, $5.0 million is for on-site remediation and $4.7 million is for off-site remediation.

Other

The Company has completed its remediation efforts at its closed New York tannery and two associated landfills. In 1995, state environmental authorities reclassified the status of these sites as being properly closed and requiring only continued maintenance and monitoring through 2024. The Company has an accrued liability of $1.3 million at August 1, 2015 to complete the cleanup, maintenance and monitoring at these sites, which has been discounted at 6.4%. Of the $1.3 million reserve, $1.1 million is recorded in other liabilities and $0.2 million is recorded in other accrued expenses. On an undiscounted basis, this liability would be $1.8 million. The Company expects to spend approximately $0.2 million in each of the next five years and $0.8 million in the aggregate thereafter related to these sites. In addition, various federal and state authorities have identified the Company as a potentially responsible party for remediation at certain other sites. However, the Company does not currently believe that its liability for such sites, if any, would be material.

The Company continues to evaluate its estimated costs in conjunction with its environmental consultants and records its best estimate of such liabilities. However, future actions and the associated costs are subject to oversight and approval of various governmental authorities. Accordingly, the ultimate costs may vary, and it is possible costs may exceed the recorded amounts.

Litigation

The Company is involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such ordinary course of business proceedings and litigation currently pending is not expected to have a material adverse effect on the Company’s results of operations or financial position. Legal costs associated with litigation are generally expensed as incurred.

During 2014, the Company signed a settlement agreement to resolve a putative class action lawsuit involving wage and hour claims in California for an amount not to exceed $1.5 million. The court has granted preliminary approval of the settlement, pursuant to which the Company will pay a minimum of $1.0 million in attorneys' fees, costs of administering the settlement and settlement payments to class members who submit claims. A hearing for final approval of the settlement is scheduled for the third quarter of 2015. The reserve for this matter as of August 1, 2015 is $1.5 million.