Caleres Names Molly Adams President of Famous Footwear
11 May 2018 - 6:15AM
Business Wire
Caleres (NYSE: CAL) (caleres.com) today announced Molly Adams
will join Caleres as president of Famous Footwear on May 29. Adams
will lead the largest brand in the Caleres portfolio and continue
to build upon its success by focusing on consumer engagement, store
productivity and omnichannel initiatives. In 2017, Famous Footwear
made $1.6 billion in revenue, which accounted for 59% of the
revenue in the Caleres portfolio.
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Molly Adams (Photo: Business Wire)
Adams comes to Caleres from The Walt Disney Company, where she
was executive vice president, Global Merchandising and Product
Development since 2008. There she led two multibillion-dollar
business areas and a combined global merchandising and product
development team.
“Molly brings to us a wealth of retail and product experience
that resulted in consistent growth during her tenure at Disney,”
said Diane Sullivan, CEO, president and chairman of Caleres. “She
was successful in integrating and aligning teams across two
critical areas of business, and in leading strategy, financial
planning, and product development and merchandise assortments
across the business, all while maintaining that incredible Disney
brand integrity everyone aspires to. Her leadership, pace and
vision will be invaluable to our Famous Footwear business, and her
passion around the consumer experience will come to life in our
stores and through our dedicated team of Associates.”
“What drew me to Famous Footwear and Caleres was the opportunity
to be involved in a fast-paced and evolving business grounded in
tradition and values,” said Adams. “I grew up in retail and love
the idea of building world-class brands with strong emotional
consumer connections. I see a lot of exciting and challenging
prospects on that front with Famous Footwear, and I’m confident in
the great team in place supporting the business and honored to work
with them and build upon their successes.”
Prior to Disney, Adams had experience with private equity-owned
and smaller companies in retail and entertainment. Adams spent
eight years at Anchor Blue Retail group as a senior vice president
and general merchandise manager and divisional merchandise manager.
Anchor Blue Retail Group was a family-owned specialty fashion
retail chain with 300+ stores in the western and southeastern U.S.
She also served as president of Stony Apparel Corporation, a
designer and manufacturer of juniors’ and kids’ fashion apparel.
Adams also held a variety of retail positions early in her career
including merchandising, buying, sales and management positions at
major department stores and specialty retail stores.
Adams holds a bachelor’s degree in Business Administration and
Marketing from the University of Tennessee. She is replacing Rick
Ausick, who announced his retirement earlier this year.
About CaleresCaleres is a diverse portfolio of global
footwear brands. Our products are available virtually
everywhere - in the over 1,200 retail stores we operate, in
hundreds of major department and specialty stores, on our branded
e-commerce sites, and on many additional third-party retail
websites. Famous Footwear and Famous.com serve as our
Family brands. Our Contemporary Fashion brands include Sam Edelman,
Allen Edmonds, Franco Sarto, Vince, Via Spiga, George Brown Bilt,
Diane von Furstenberg, Fergie Footwear and Carlos Santana.
Naturalizer, Dr. Scholl’s Shoes, LifeStride, Bzees and Rykä
represent our Healthy Living brands. Combined, these brands help
make Caleres a company with both a legacy and a mission. Our
legacy is our more than 130-years of craftsmanship, our passion for
fit and our business savvy, while our mission is to continue to
inspire people to feel good…feet
first. Visit caleres.com to learn more about us.
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version on businesswire.com: https://www.businesswire.com/news/home/20180510006193/en/
CaleresInvestor Contact:Peggy Reilly Tharp,
314-854-4134ptharp@caleres.comorMedia Contact:Kelly Malone,
314-854-4093kmalone@caleres.com
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