Caleres Appoints Dan Karpel as Interim CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Should l Buy CAL?
Caleres announced that Dan Karpel, the company's senior vice president and chief accounting officer, has been appointed to the additional role of interim CFO, effective immediately. Karpel succeeds Jack Calandra, who is leaving Caleres at the end of the month to pursue other opportunities. His departure is not related to any disagreement with the company. The company has commenced an external search for a permanent successor. Karpel rejoined Caleres as chief accounting officer in October 2025 and brings over 30 years of valuable accounting and finance experience to the role of interim CFO. Most recently, he served as the CFO of Club Car Wash Operating.
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Analyst Views on CAL
Wall Street analysts forecast CAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAL is 18.00 USD with a low forecast of 18.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 12.580
Low
18.00
Averages
18.00
High
18.00
Current: 12.580
Low
18.00
Averages
18.00
High
18.00
About CAL
Caleres, Inc. is a global footwear company. The Company offers a portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, Vionic, and more. Its products are available virtually in the nearly 1,000 retail stores it operates, in major department and specialty stores, on its branded e-commerce sites, and on many additional third-party retail platforms. Its Famous Footwear segment is comprised of its Famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. Its Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of brands. This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear primarily to online retailers, national chains, department stores, independent retailers and mass merchandisers, as well as Company-owned stores and e-commerce businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Caleres Stock Falls 2.9% Following Warning of Unstable Q4 Earnings Post-Saks Bankruptcy and Appointment of Interim CFO
- Caleres Shares Decline: Caleres shares fell by 2.9% following disappointing earnings reports for the fourth quarter.
- Impact of Coward's Bankruptcy: The decline in shares is attributed to the bankruptcy of Coward, which has affected investor confidence.
- Interim CFO Appointment: The company has appointed an interim CFO in light of the recent financial challenges.
- Market Reaction: The market's reaction reflects concerns over the company's financial stability and future performance.
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- Market Reaction: Following the convertible notes announcement, WhiteFiber's stock fell to $19.19 in pre-market trading, reflecting market concerns over the company's financial health and potentially affecting shareholder returns.
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- Executive Change: Caleres has appointed Senior Vice President and Chief Accounting Officer Dan Karpel as interim Chief Financial Officer, succeeding Jack Calandra, who will leave at the end of the month, indicating stability during leadership transitions and clarifying that Calandra's departure is not due to any disagreements.
- External Search Initiated: The company has begun an external search for a permanent CFO, demonstrating its commitment to strong financial leadership and ensuring continuity and expertise in financial management moving forward.
- Bankruptcy Impact Assessment: Caleres is assessing the potential impact of Saks Global's bankruptcy on sales volatility, which could pose a risk of up to $0.06 to fourth-quarter earnings per diluted share, indicating a cautious approach to financial forecasting amid external challenges.
- Stable Performance Outlook: Despite the potential risks, Caleres stated that its fourth-quarter and full-year 2025 outlook remains in line with prior guidance, showcasing the company's resilience and stability in a challenging environment.
See More
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- Executive Change: Caleres has appointed Dan Karpel as interim CFO, succeeding Jack Calandra, who is leaving for other opportunities without any internal disputes, indicating a stable transition in leadership.
- Financial Expertise: Karpel rejoined Caleres in October 2025, bringing over 30 years of accounting and finance experience, having previously served as CFO at Club Car Wash, which enhances his capability to manage financial operations effectively.
- Earnings Warning: The company updated its fourth-quarter outlook, indicating potential sales volatility due to the Saks Global bankruptcy, which could pose a risk of up to $0.06 per diluted share in earnings guidance, affecting financial stability.
- Restructuring Costs: In addition to sales volatility risks, Caleres may incur unforeseen restructuring costs, further pressuring the company's financial condition, although the sales and earnings outlook remains aligned with previous guidance when excluding these impacts.
See More
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- Product Features: The new collection includes a range of elevated loafers and lace-ups that blend the brand's New York heritage with artisanal Italian craftsmanship, designed to enhance men's everyday attire while meeting their dual needs for style and comfort.
- Visual Style: The campaign is shot by renowned photographer Ned Rogers in the brand's iconic black-and-white minimalist style, depicting various scenarios of the Stuart Weitzman man in New York, thereby enhancing the brand's cultural identity.
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- Brand Expansion: Stuart Weitzman launches its 2026 Men's Collection, aiming to enhance its presence in the men's footwear market through elevated loafers and lace-ups, thereby strengthening its unique position against competitors.
- Advertising Campaign: The new campaign features international supermodel Sean O'Pry, showcasing various scenarios of men's urban life in New York, emphasizing the brand's deep connection with the city's culture.
- Design Philosophy: The collection merges the brand's New York heritage with Italian craftsmanship, introducing modern silhouettes such as polished tassel loafers and sport-inspired lace-ups, aimed at elevating men's overall style.
- Market Positioning: Brand President Jonathan Lelonek states that the new strategic focus is on meeting male consumers' needs by creating footwear that works for both professional settings and personal style enhancement, further solidifying the brand's market position.
See More
Caleres Stock Falls 2.9% Following Warning of Unstable Q4 Earnings Post-Saks Bankruptcy and Appointment of Interim CFO
- Caleres Shares Decline: Caleres shares fell by 2.9% following disappointing earnings reports for the fourth quarter.
- Impact of Coward's Bankruptcy: The decline in shares is attributed to the bankruptcy of Coward, which has affected investor confidence.
- Interim CFO Appointment: The company has appointed an interim CFO in light of the recent financial challenges.
- Market Reaction: The market's reaction reflects concerns over the company's financial stability and future performance.
See More
WhiteFiber Inc (WYFI) Announces $200 Million Convertible Notes Offering, Shares Drop 5.5%
- Convertible Notes Offering: WhiteFiber Inc announced a $200 million convertible notes offering, resulting in a 5.5% drop in its share price during pre-market trading, which may negatively impact investor confidence and future financing capabilities.
- Market Reaction: Following the convertible notes announcement, WhiteFiber's stock fell to $19.19 in pre-market trading, reflecting market concerns over the company's financial health and potentially affecting shareholder returns.
- Other Stock Movements: Caleres, Inc. shares tumbled 8.6% in pre-market trading after naming Dan Karpel as interim CFO, indicating that changes in corporate governance may impact its market performance.
- Overall Industry Trends: Aura Biosciences Inc shares dipped 7%, while GoldMining Inc and T1 Energy Inc fell 5.5% and 5.4% respectively, suggesting a general downturn in market sentiment that could affect investor confidence across related sectors.
See More
Caleres Appoints Interim CFO Dan Karpel Amid Saks Bankruptcy Assessment
- Executive Change: Caleres has appointed Senior Vice President and Chief Accounting Officer Dan Karpel as interim Chief Financial Officer, succeeding Jack Calandra, who will leave at the end of the month, indicating stability during leadership transitions and clarifying that Calandra's departure is not due to any disagreements.
- External Search Initiated: The company has begun an external search for a permanent CFO, demonstrating its commitment to strong financial leadership and ensuring continuity and expertise in financial management moving forward.
- Bankruptcy Impact Assessment: Caleres is assessing the potential impact of Saks Global's bankruptcy on sales volatility, which could pose a risk of up to $0.06 to fourth-quarter earnings per diluted share, indicating a cautious approach to financial forecasting amid external challenges.
- Stable Performance Outlook: Despite the potential risks, Caleres stated that its fourth-quarter and full-year 2025 outlook remains in line with prior guidance, showcasing the company's resilience and stability in a challenging environment.
See More
Caleres Appoints Dan Karpel as Interim CFO Amid Sales Volatility Risks
- Executive Change: Caleres has appointed Dan Karpel as interim CFO, succeeding Jack Calandra, who is leaving for other opportunities without any internal disputes, indicating a stable transition in leadership.
- Financial Expertise: Karpel rejoined Caleres in October 2025, bringing over 30 years of accounting and finance experience, having previously served as CFO at Club Car Wash, which enhances his capability to manage financial operations effectively.
- Earnings Warning: The company updated its fourth-quarter outlook, indicating potential sales volatility due to the Saks Global bankruptcy, which could pose a risk of up to $0.06 per diluted share in earnings guidance, affecting financial stability.
- Restructuring Costs: In addition to sales volatility risks, Caleres may incur unforeseen restructuring costs, further pressuring the company's financial condition, although the sales and earnings outlook remains aligned with previous guidance when excluding these impacts.
See More
Stuart Weitzman Launches Men's Footwear Campaign Highlighting New York Style
- Brand Expansion: Stuart Weitzman launches a new advertising campaign for its men's footwear line, aiming to further penetrate the men's market and distinguish itself from competitors by focusing on the metropolitan professional man.
- Product Features: The new collection includes a range of elevated loafers and lace-ups that blend the brand's New York heritage with artisanal Italian craftsmanship, designed to enhance men's everyday attire while meeting their dual needs for style and comfort.
- Visual Style: The campaign is shot by renowned photographer Ned Rogers in the brand's iconic black-and-white minimalist style, depicting various scenarios of the Stuart Weitzman man in New York, thereby enhancing the brand's cultural identity.
- Global Availability: The Stuart Weitzman Men's Collection is now available on its website, in boutiques, and at select retail partners worldwide, further increasing the brand's market reach and consumer touchpoints.
See More
Stuart Weitzman Launches 2026 Men's Collection, Emphasizing Elevated Footwear
- Brand Expansion: Stuart Weitzman launches its 2026 Men's Collection, aiming to enhance its presence in the men's footwear market through elevated loafers and lace-ups, thereby strengthening its unique position against competitors.
- Advertising Campaign: The new campaign features international supermodel Sean O'Pry, showcasing various scenarios of men's urban life in New York, emphasizing the brand's deep connection with the city's culture.
- Design Philosophy: The collection merges the brand's New York heritage with Italian craftsmanship, introducing modern silhouettes such as polished tassel loafers and sport-inspired lace-ups, aimed at elevating men's overall style.
- Market Positioning: Brand President Jonathan Lelonek states that the new strategic focus is on meeting male consumers' needs by creating footwear that works for both professional settings and personal style enhancement, further solidifying the brand's market position.
See More
