Caleres (CAL) 10-Q 9 Dec 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 31, 2020	Nov. 27, 2020
Document And Entity Information
Entity Central Index Key	0000014707
Entity Registrant Name	CALERES, INC
Amendment Flag	false
Current Fiscal Year End Date	--01-30
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2020
Document Transition Report	false
Entity File Number	1-2191
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	43-0197190
Entity Address, Address Line One	8300 Maryland Avenue
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63105
City Area Code	314
Local Phone Number	854-4000
Title of 12(b) Security	Common Stock - par value of $0.01 per share
Trading Symbol	CAL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		37,906,760

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Current assets:
Cash and cash equivalents	$ 124,330	$ 45,218	$ 52,502
Receivables, net	141,059	162,181	156,253
Inventories, net	507,365	618,406	644,646
Income taxes	53,888	6,189	2,271
Prepaid expenses and other current assets	45,513	50,305	45,974
Total current assets	872,155	882,299	901,646
Other assets	97,050	89,389	92,214
Goodwill	4,956	245,275	245,275
Intangible assets, net	262,118	294,304	297,570
Lease right-of-use assets	601,574	695,594	704,244
Property and equipment	562,003	593,979	591,370
Allowance for depreciation	(372,796)	(369,133)	(361,109)
Property and equipment, net	189,207	224,846	230,261
Total assets	2,027,060	2,431,707	2,471,210
Current liabilities:
Borrowings under revolving credit agreement	300,000	275,000	295,000
Mandatory purchase obligation	30,146	0	0
Trade accounts payable	285,582	267,018	275,699
Income taxes	7,053	7,186	13,979
Lease obligations	156,200	127,869	144,501
Other accrued expenses	180,927	173,877	165,051
Total current liabilities	959,908	850,950	894,230
Other liabilities:
Noncurrent lease obligations	556,343	629,032	629,731
Long-term debt	198,736	198,391	198,276
Income taxes	7,786	7,786	7,786
Other liabilities	42,632	96,418	87,837
Total other liabilities	805,497	931,627	923,630
Equity:
Common stock	379	404	406
Additional paid-in capital	159,327	153,489	152,214
Accumulated other comprehensive loss	(31,184)	(31,843)	(30,318)
Retained earnings	128,149	523,900	528,538
Total Caleres, Inc. shareholders' equity	256,671	645,950	650,840
Noncontrolling interests	4,984	3,180	2,510
Total equity	261,655	649,130	653,350
Total liabilities and equity	$ 2,027,060	$ 2,431,707	$ 2,471,210

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)
Net sales	$ 647,480	$ 792,375	$ 1,546,111	$ 2,222,614
Cost of goods sold	390,508	472,605	984,621	1,317,064
Gross profit	256,972	319,770	561,490	905,550
Selling and administrative expenses	236,901	275,330	663,425	804,972
Impairment of goodwill and intangible assets	0	0	262,719	0
Restructuring and other special charges, net	0	969	65,625	2,434
Operating earnings (loss)	20,071	43,471	(430,279)	98,144
Interest expense, net	(10,881)	(10,559)	(33,747)	(25,288)
Other income, net	5,461	2,633	12,718	7,902
Earnings (loss) before income taxes	14,651	35,545	(451,308)	80,758
Income tax benefit (provision)	275	(7,784)	89,393	(18,685)
Net earnings (loss)	14,926	27,761	(361,915)	62,073
Net earnings (loss) attributable to noncontrolling interests	509	(226)	223	(338)
Net earnings (loss) attributable to Caleres, Inc.	$ 14,417	$ 27,987	$ (362,138)	$ 62,411
Basic earnings (loss) per common share attributable to Caleres, Inc. shareholders (in dollars per share)	$ 0.38	$ 0.69	$ (9.67)	$ 1.51
Diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders (in dollars per share)	$ 0.38	$ 0.69	$ (9.67)	$ 1.51

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net earnings (loss)	$ 14,926	$ 27,761	$ (361,915)	$ 62,073
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	401	582	(409)	(397)
Pension and other postretirement benefits adjustments	(67)	429	1,057	1,285
Derivative financial instruments	0	63	92	361
Other comprehensive income, net of tax	334	1,074	740	1,249
Comprehensive income (loss)	15,260	28,835	(361,175)	63,322
Comprehensive income (loss) attributable to noncontrolling interests	590	(239)	304	(372)
Comprehensive income (loss) attributable to Caleres, Inc.	$ 14,670	$ 29,074	$ (361,479)	$ 63,694

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
Operating Activities
Net (loss) earnings	$ (361,915)	$ 62,073
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation	31,923	34,312
Amortization of capitalized software	4,410	4,910
Amortization of intangible assets	9,786	9,790
Amortization of debt issuance costs and debt discount	1,016	979
Fair value adjustments to mandatory purchase obligation	14,946	4,410
Share-based compensation expense	6,920	8,933
Loss on disposal of property and equipment	848	874
Impairment charges for property, equipment, and lease right-of-use assets	35,620	5,105
Impairment of goodwill and intangible assets	262,719	0
Provision for expected credit losses	10,663	728
Changes in operating assets and liabilities:
Receivables	8,313	34,740
Inventories	110,954	37,482
Prepaid expenses and other current and noncurrent assets	(60,300)	(7,819)
Trade accounts payable	18,592	(37,537)
Accrued expenses and other liabilities	55,345	(25,627)
Income taxes, net	(47,833)	12,470
Other, net	(241)	(86)
Net cash provided by operating activities	101,766	145,737
Investing Activities
Purchases of property and equipment	(12,016)	(37,354)
Disposals of property and equipment	0	636
Capitalized software	(3,525)	(4,893)
Net cash used for investing activities	(15,541)	(41,611)
Financing Activities
Borrowings under revolving credit agreement	340,500	237,000
Repayments under revolving credit agreement	(315,500)	(277,000)
Dividends paid	(8,148)	(8,631)
Acquisition of treasury stock	(23,348)	(31,168)
Issuance of common stock under share-based plans, net	(1,078)	(2,605)
Contributions by noncontrolling interests	1,500	1,500
Other	(980)	(1,022)
Net cash used for financing activities	(7,054)	(81,926)
Effect of exchange rate changes on cash and cash equivalents	(59)	102
Increase in cash and cash equivalents	79,112	22,302
Cash and cash equivalents at beginning of period	45,218	30,200
Cash and cash equivalents at end of period	$ 124,330	$ 52,502

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, AdjustmentRetained Earnings	Cumulative Effect, Period of Adoption, AdjustmentTotal Caleres, Inc.	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive (Loss) Income	Retained Earnings	Total Caleres, Inc.	Noncontrolling Interest	Total
BALANCE (Accounting Standards Update 2016-02) at Feb. 02, 2019	$ (13,436)	$ (13,436)	$ (13,436)
BALANCE at Feb. 02, 2019				$ 419	$ 145,889	$ (31,601)	$ 519,346	$ 634,053	$ 1,382	$ 635,435
BALANCE (in shares) at Feb. 02, 2019				41,886,562
Net earnings (loss)							62,411	62,411	(338)	62,073
Foreign currency translation adjustment						(363)		(363)	(34)	(397)
Gain (Loss) Recognized in OCL on Derivatives						361		361		361
Pension and other postretirement benefits adjustments, net of tax						1,285		1,285		1,285
Comprehensive income (loss)						1,283	62,411	63,694	(372)	63,322
Contributions by noncontrolling interests								0	1,500	1,500
Dividends							(8,631)	(8,631)		(8,631)
Acquisition of treasury stock				$ (16)			(31,152)	(31,168)		(31,168)
Acquisition of treasury stock (in shares)				(1,588,741)
Issuance of common stock under share-based plans, net				$ 3	(2,608)			(2,605)		(2,605)
Issuance of common stock under share-based plans, net (in shares)				295,466
Share-based compensation expense					8,933			8,933		8,933
BALANCE at Nov. 02, 2019				$ 406	152,214	(30,318)	528,538	650,840	2,510	653,350
BALANCE (in shares) at Nov. 02, 2019				40,593,287
BALANCE at Aug. 03, 2019				$ 407	149,881	(31,405)	504,546	623,429	1,249	624,678
BALANCE (in shares) at Aug. 03, 2019				40,720,927
Net earnings (loss)							27,987	27,987	(226)	27,761
Foreign currency translation adjustment						595		595	(13)	582
Gain (Loss) Recognized in OCL on Derivatives						63		63		63
Pension and other postretirement benefits adjustments, net of tax						429		429		429
Comprehensive income (loss)						1,087	27,987	29,074	(239)	28,835
Contributions by noncontrolling interests									1,500	1,500
Dividends							(2,823)	(2,823)		(2,823)
Acquisition of treasury stock				$ (1)			(1,172)	(1,173)		(1,173)
Acquisition of treasury stock (in shares)				(58,263)
Issuance of common stock under share-based plans, net				$ 0	(58)			(58)		(58)
Issuance of common stock under share-based plans, net (in shares)				(69,377)
Share-based compensation expense					2,391			2,391		2,391
BALANCE at Nov. 02, 2019				$ 406	152,214	(30,318)	528,538	650,840	2,510	653,350
BALANCE (in shares) at Nov. 02, 2019				40,593,287
BALANCE (Accounting Standards Update 2016-13) at Feb. 01, 2020	$ (2,146)	$ (2,146)	$ (2,146)
BALANCE at Feb. 01, 2020				$ 404	153,489	(31,843)	523,900	645,950	3,180	649,130
BALANCE (in shares) at Feb. 01, 2020				40,396,757
Net earnings (loss)							(362,138)	(362,138)	223	(361,915)
Foreign currency translation adjustment						(490)		(490)	81	(409)
Gain (Loss) Recognized in OCL on Derivatives						92		92		92
Pension and other postretirement benefits adjustments, net of tax						1,057		1,057		1,057
Comprehensive income (loss)						659	(362,138)	(361,479)	304	(361,175)
Contributions by noncontrolling interests								0	1,500	1,500
Dividends							(8,148)	(8,148)		(8,148)
Acquisition of treasury stock				$ (29)			(23,319)	(23,348)		(23,348)
Acquisition of treasury stock (in shares)				(2,902,122)
Issuance of common stock under share-based plans, net				$ 4	(1,082)			(1,078)		(1,078)
Issuance of common stock under share-based plans, net (in shares)				449,539
Share-based compensation expense					6,920			6,920		6,920
BALANCE at Oct. 31, 2020				$ 379	159,327	(31,184)	128,149	256,671	4,984	261,655
BALANCE (in shares) at Oct. 31, 2020				37,944,174
BALANCE at Aug. 01, 2020				$ 379	156,913	(31,437)	116,385	242,240	2,894	245,134
BALANCE (in shares) at Aug. 01, 2020				37,912,156
Net earnings (loss)							14,417	14,417	509	14,926
Foreign currency translation adjustment						320		320	81	401
Gain (Loss) Recognized in OCL on Derivatives										0
Pension and other postretirement benefits adjustments, net of tax						(67)		(67)		(67)
Comprehensive income (loss)						253	14,417	14,670	590	15,260
Contributions by noncontrolling interests								0	1,500	1,500
Dividends							(2,653)	(2,653)		(2,653)
Issuance of common stock under share-based plans, net				$ 0	(104)			(104)		(104)
Issuance of common stock under share-based plans, net (in shares)				32,018
Share-based compensation expense					2,518			2,518		2,518
BALANCE at Oct. 31, 2020				$ 379	$ 159,327	$ (31,184)	$ 128,149	$ 256,671	$ 4,984	$ 261,655
BALANCE (in shares) at Oct. 31, 2020				37,944,174

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Pension and other postretirement benefits adjustments, tax	$ 44	$ 149	$ 336	$ 448
Dividends, per share (in dollars per share)	$ 0.07	$ 0.07	$ 0.21	$ 0.21
Unrealized gain (loss) on derivative financial instruments, tax		$ 4	$ 31	$ 83

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Oct. 31, 2020
BASIS OF PRESENTATION
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. ("the Company"). 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 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, particularly given the impact of the coronavirus pandemic on the results of operations for the thirteen and thirty-nine weeks ended October 31, 2020, as further discussed below. Certain prior period amounts in the condensed consolidated financial statements and footnotes have been reclassified to conform to the current period presentation. These reclassifications did not affect net (loss) earnings attributable to Caleres, Inc. The accompanying condensed consolidated financial statements and footnotes should be read in conjunction with the consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended February 1, 2020. COVID-19 Pandemic The United States and global economies continue to be adversely affected by the coronavirus (“COVID-19”) pandemic. Although the Company has reopened all retail stores from the temporary store closures in the first half of 2020, the Company’s financial results continue to be negatively impacted by COVID-19. Many of the retail stores have reduced operating hours and have experienced declines in foot traffic with stay-at-home orders and other government mandates, which has resulted in lower sales, despite the e-commerce business experiencing robust growth during this time. In addition, a small number of stores have temporarily closed again due to local government mandates. The Company has taken decisive actions to manage its resources conservatively to mitigate the adverse impact of the pandemic. These actions included reductions in the workforce, associate furloughs for a significant portion of the workforce, and reductions in salary for most remaining associates through the end of the second quarter, as well as a reduction in the cash retainers for the Board of Directors through the end of the fiscal year; reducing inventory purchases; reducing marketing expenses; and minimizing costs associated with the closed retail facilities. In addition, as a precautionary measure to increase its cash position and preserve financial flexibility given the uncertainty in the United States and global markets resulting from COVID-19, the Company increased the borrowings on its revolving credit facility in March 2020 to $440.0 million. In April, the Company entered into an amendment to its Fourth Amended and Restated Credit Agreement to increase its borrowing capacity, as further discussed in Note 10 to the condensed consolidated financial statements. During the third quarter of 2020, the Company continued to repay the incremental borrowings from March, with total net repayments of $138.5 million since the end of the first quarter of 2020. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security ("CARES") Act was enacted. The CARES Act includes a provision that allows the Company to defer the employer portion of social security payroll tax payments that would have been paid between the enactment date and December 31, 2020, with 50% payable by December 31, 2021 and 50% payable by December 31, 2022. As of October 31, 2020, the Company has deferred approximately $7.0 million of employer social security payroll taxes, which are recorded in other liabilities on the condensed consolidated balance sheets. In addition, the CARES Act permits the carryback of certain current operating losses to prior years. As discussed in Note 16 to the condensed consolidated financial statements, this carryback provision resulted in approximately $6.6 million of incremental tax benefit, as current year losses are expected to be carried back to years with a higher federal corporate tax rate. ​ Noncontrolling Interests During 2019, the Company entered into a joint venture with Brand Investment Holding Limited (“Brand Investment Holding”), a member of the Gemkell Group. The Company and Brand Investment Holding are each 50% owners of the joint venture, which is named CLT Brand Solutions (“CLT”). The Company consolidates CLT into its consolidated financial statements. Net earnings (loss) attributable to noncontrolling interests represents the share of net earnings or losses that are attributable to Brand Investment Holding equity. Transactions between the Company and the joint venture have been eliminated in the consolidated financial statements. During both the thirty-nine weeks ended October 31, 2020 and November 2, 2019, CLT was funded with $3.0 million in capital contributions, including $1.5 million from the Company and $1.5 million from Brand Investment Holding. Net sales and operating earnings were immaterial during the thirty-nine weeks ended October 31, 2020 and November 2, 2019.

IMPACT OF NEW ACCOUNTING PRONOU

IMPACT OF NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Oct. 31, 2020
IMPACT OF NEW ACCOUNTING PRONOUNCEMENTS
IMPACT OF NEW ACCOUNTING PRONOUNCEMENTS	Note 2 Impact of New Accounting Pronouncements Impact of Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326) The following table summarizes the activity in the Company’s allowance for expected credit losses during the thirty-nine weeks ended October 31, 2020: ​ ​ ​ ​ ​ ($ thousands) ​ ​ Balance at February 1, 2020 ​ $ 1,813 Adjustment upon adoption of ASU 2016-13 ​ ​ 2,521 Provision for expected credit losses ​ ​ 10,663 Uncollectible accounts written off, net of recoveries ​ ​ 221 Balance at October 31, 2020 ​ $ 15,218 ​ In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement In March 2020, the SEC issued SEC Release No. 33-10762, Financial Disclosures about Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities, Management’s Discussion and Analysis of Financial Condition and Results of Operations Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762 In April 2020, the FASB issued interpretive guidance indicating that entities may elect not to evaluate whether a concession provided by lessors is a lease modification. Under existing lease guidance, an entity would be required to determine if a lease concession was the result of a new arrangement reached with the landlord, which would be accounted for under the lease modification framework, or if the concession was under the enforceable rights and obligations that existed in the original lease, which would be accounted for outside the lease modification framework. The FASB guidance provides entities with the option to elect to account for lease concessions as though the enforceable rights and obligations existed in the original lease. The Company has elected to treat lease concessions as variable rent. Accordingly, $1.7 million and $3.7 million in lease concessions for the thirteen and thirty-nine weeks ended, respectively, were recorded as a reduction of rent expense within selling and administrative expenses in the condensed consolidated statements of earnings (loss). Refer to Note 9 to the condensed consolidated financial statements for further discussion regarding the Company’s leases. Impact of Prospective Accounting Pronouncements In August 2018, the FASB issued ASU 2018-14, Compensation — Retirement Benefits — Defined Benefit Plans — General (Subtopic 715-20), Disclosure Framework — Changes to the Disclosure Requirements for Defined Benefit Plans In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes

REVENUES

REVENUES	9 Months Ended
	Oct. 31, 2020
REVENUES
REVENUES	Note 3 Revenues Disaggregation of Revenues The following table disaggregates revenue by segment and major source for the periods ended October 31, 2020 and November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 325,501 ​ $ 14,291 ​ $ — ​ $ 339,792 Landed wholesale - e-commerce (1) ​ ​ — ​ ​ 42,001 ​ ​ — ​ ​ 42,001 Landed wholesale - e-commerce - drop ship (1) (2) ​ — ​ 21,256 ​ — ​ 21,256 Landed wholesale - other ​ — ​ 136,627 ​ (11,813) ​ 124,814 First-cost wholesale ​ — ​ 15,368 ​ — ​ 15,368 First-cost wholesale - e-commerce (1) (2) ​ — ​ 99 ​ — ​ 99 E-commerce - Company websites (1) (2) ​ 66,058 ​ 35,100 ​ — ​ 101,158 Licensing and royalty ​ — ​ 2,809 ​ — ​ 2,809 Other (3) ​ 147 ​ 36 ​ — ​ 183 Net sales ​ $ 391,706 ​ $ 267,587 ​ $ (11,813) ​ $ 647,480 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended November 2, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 401,943 ​ $ 40,621 ​ $ — ​ $ 442,564 Landed wholesale - e-commerce (1) ​ — ​ 27,304 ​ — ​ 27,304 Landed wholesale - e-commerce - drop ship (1) (2) ​ ​ — ​ ​ 58,653 ​ ​ — ​ ​ 58,653 Landed wholesale - other ​ — ​ 177,146 ​ (14,071) ​ 163,075 First-cost wholesale ​ — ​ 16,124 ​ — ​ 16,124 First-cost wholesale - e-commerce (1) (2) ​ — ​ 354 ​ — ​ 354 E-commerce - Company websites (1) (2) ​ 44,489 ​ 36,692 ​ — ​ 81,181 Licensing and royalty ​ — ​ 2,908 ​ — ​ 2,908 Other (3) ​ 151 ​ 61 ​ — ​ 212 Net sales ​ $ 446,583 ​ $ 359,863 ​ $ (14,071) ​ $ 792,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 712,761 ​ $ 33,173 ​ $ — ​ $ 745,934 Landed wholesale - e-commerce (1) ​ ​ — ​ ​ 91,477 ​ ​ — ​ ​ 91,477 Landed wholesale - e-commerce - drop ship (1) (2) ​ — ​ 61,235 ​ — ​ 61,235 Landed wholesale - other ​ — ​ 327,322 ​ (39,229) ​ 288,093 First-cost wholesale ​ — ​ 39,139 ​ — ​ 39,139 First-cost wholesale - e-commerce (1) (2) ​ — ​ 601 ​ — ​ 601 E-commerce - Company websites (1) (2) ​ 203,888 ​ 108,926 ​ — ​ 312,814 Licensing and royalty ​ — ​ 6,463 ​ — ​ 6,463 Other (3) ​ 244 ​ 111 ​ — ​ 355 Net sales ​ $ 916,893 ​ $ 668,447 ​ $ (39,229) ​ $ 1,546,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended November 2, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 1,108,200 ​ $ 115,819 ​ $ — ​ $ 1,224,019 Landed wholesale - e-commerce (1) ​ ​ — ​ ​ 64,182 ​ ​ — ​ ​ 64,182 Landed wholesale - e-commerce - drop ship (1) (2) ​ ​ — ​ ​ 148,745 ​ ​ — ​ ​ 148,745 Landed wholesale - other ​ — ​ 549,321 ​ (56,463) ​ 492,858 First-cost wholesale ​ — ​ 66,826 ​ — ​ 66,826 First-cost wholesale - e-commerce (1) (2) ​ — ​ 1,528 ​ — ​ 1,528 E-commerce - Company websites (1) (2) ​ 109,954 ​ 102,637 ​ — ​ 212,591 Licensing and royalty ​ — ​ 11,234 ​ — ​ 11,234 Other (3) ​ 435 ​ 196 ​ — ​ 631 Net sales ​ $ 1,218,589 ​ $ 1,060,488 ​ $ (56,463) ​ $ 2,222,614 (1) Collectively referred to as "e-commerce" below (2) Collectively referred to as “Direct-to-consumer” (3) Includes breakage revenue from unredeemed gift cards Retail stores Traditionally, the majority of the Company’s revenue is generated from retail sales where control is transferred and revenue is recognized at the point of sale. Retail sales are recorded net of estimated returns and exclude sales tax. The Company records a returns reserve and a corresponding return asset for expected returns of merchandise. Retail sales to members of the Company’s loyalty programs, including the Famously You Rewards program, include two performance obligations: the sale of merchandise and the delivery of points that may be redeemed for future purchases. The transaction price is allocated to the separate performance obligations based on the relative stand-alone selling price. The stand-alone selling price for the points is estimated using the retail value of the merchandise earned, adjusted for estimated breakage based upon historical redemption patterns. The revenue associated with the initial merchandise purchased is recognized immediately and the value assigned to the points is deferred until the points are redeemed, forfeited or expired. Landed wholesale Landed sales are wholesale sales in which the merchandise is shipped directly to the customer from the Company’s warehouses. Many landed customers arrange their own transportation of merchandise and, with limited exceptions, control is transferred at the time of shipment. First-cost wholesale First-cost sales are wholesale sales in which the Company purchases merchandise from an international factory that manufactures the product and subsequently sells to a customer at an overseas port. Revenue is recognized at the time the merchandise is delivered to the customer’s designated freight forwarder and control is transferred to the customer. E-commerce The Company also generates revenue from sales on websites maintained by the Company that are shipped from the Company’s distribution centers or retail stores directly to the consumer, picked up directly by the consumer from the Company’s stores and e-commerce sales from the Company’s wholesale customers’ websites that are fulfilled on a drop-ship or first-cost basis (collectively referred to as "e-commerce"). The Company transfers control and recognizes revenue for merchandise sold that is shipped directly to an individual consumer upon delivery to the consumer. Licensing and royalty The Company has license agreements with third parties allowing them to sell the Company’s branded product, or other merchandise that uses the Company’s owned or licensed brand names. These license agreements provide the licensee access to the Company’s symbolic intellectual property, and revenue is therefore recognized over the license term. For royalty contracts that do not have guaranteed minimums, the Company recognizes revenue as the licensee’s sales occur. For royalty contracts that have guaranteed minimums, revenue for the guaranteed minimum is recognized on a straight-line basis during the term, until such time that the cumulative royalties exceed the total minimum guarantee. Up-front payments are recognized over the contractual term to which the guaranteed minimum relates. Contract Balances Revenue is recorded at the transaction price, net of estimates for variable consideration for which reserves are established, including returns, allowances and discounts. Variable consideration is estimated using the expected value method and given the large number of contracts with similar characteristics, the portfolio approach is applied to determine the variable consideration for each revenue stream. Reserves for projected returns are based on historical patterns and current expectations. Information about significant contract balances from contracts with customers is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ thousands) October 31, 2020 November 2, 2019 February 1, 2020 Customer allowances and discounts ​ $ 22,182 ​ $ 25,762 ​ $ 26,200 Loyalty programs liability ​ 14,634 ​ 17,274 ​ 16,405 Returns reserve ​ 14,889 ​ 15,040 ​ 14,033 Gift card liability ​ 4,909 ​ 4,794 ​ 5,742 ​ Changes in contract balances with customers generally reflect differences in relative sales volume for the periods presented. In addition, during the thirty-nine weeks ended October 31, 2020, the loyalty programs liability increased $20.7 million due to points and material rights accrued for purchases and decreased $22.5 million due to expirations and redemptions. During the thirty-nine weeks ended November 2, 2019, the loyalty programs liability increased $24.2 million due to points and material rights accrued for purchases and decreased $21.6 million due to expirations and redemptions.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Oct. 31, 2020
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE	Note 4 Earnings (Loss) Per Share The Company uses the two-class method to compute basic and diluted earnings (loss) 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 (loss) per common share attributable to Caleres, Inc. shareholders for the periods ended October 31, 2020 and November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ($ thousands, except per share amounts) October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ NUMERATOR ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) ​ $ 14,926 ​ $ 27,761 ​ $ (361,915) ​ $ 62,073 Net (earnings) loss attributable to noncontrolling interests ​ (509) ​ 226 ​ (223) ​ 338 Net earnings allocated to participating securities ​ (512) ​ (946) ​ — ​ (2,042) Net earnings (loss) attributable to Caleres, Inc. after allocation of earnings to participating securities ​ $ 13,905 ​ $ 27,041 ​ $ (362,138) ​ $ 60,369 ​ ​ ​ ​ ​ DENOMINATOR ​ ​ ​ ​ Denominator for basic earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ 36,554 ​ 39,258 ​ 37,439 ​ 39,983 Dilutive effect of share-based awards ​ 176 ​ 55 ​ — ​ 57 Denominator for diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ 36,730 ​ 39,313 ​ 37,439 ​ 40,040 ​ ​ ​ ​ ​ Basic earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ $ 0.38 ​ $ 0.69 ​ $ (9.67) ​ $ 1.51 ​ ​ ​ ​ ​ Diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ $ 0.38 ​ $ 0.69 ​ $ (9.67) ​ $ 1.51 ​ Options to purchase 24,667 shares of common stock for both the thirteen and thirty-nine weeks ended October 31, 2020, were not included in the denominator for diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive. Options to purchase 16,667 shares of common stock were excluded from the denominator for both the thirteen and thirty-nine weeks ended November 2, 2019. During the thirteen weeks ended October 31, 2020 and November 2, 2019, the Company repurchased zero and 58,263 shares, respectively, under the 2018 and 2019 publicly announced share repurchase programs, which permits repurchases of up to 2.5 million and 5.0 million shares, respectively. The Company repurchased 2,902,122 and 1,588,741 shares during the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. Refer to further discussion in Item 2, Unregistered Sales of Equity Securities and Use of Proceeds

RESTRUCTURING AND OTHER SPECIAL

RESTRUCTURING AND OTHER SPECIAL CHARGES	9 Months Ended
	Oct. 31, 2020
RESTRUCTURING AND OTHER SPECIAL CHARGES
RESTRUCTURING AND OTHER SPECIAL CHARGES	Note 5 Restructuring and Other Special Charges Blowfish Mandatory Purchase Obligation In 2018, the Company acquired a controlling interest in Blowfish Malibu. The noncontrolling interest is subject to a mandatory purchase obligation after a three-year period based upon an earnings multiple formula as specified in the purchase agreement. Approximately $9.0 million was initially assigned to the mandatory purchase obligation, which will be paid upon settlement during the third quarter of 2021. Accretion and remeasurement adjustments on the mandatory purchase obligation are being recorded as interest expense. The fair value adjustments on the mandatory purchase obligation totaled $5.1 million ($3.8 million on an after-tax basis, or $0.10 per diluted share) and $14.9 million ($11.1 million on an after-tax basis, or $0.30 per diluted share) for the thirteen and thirty-nine weeks ended October 31, 2020, respectively. The fair value adjustment totaled $3.9 million ($2.9 million on an after-tax basis, or $0.07 per diluted share) in the thirteen and thirty-nine weeks ended November 2, 2019. Refer to further discussion regarding the mandatory purchase obligation in Note 15 to the condensed consolidated financial statements. COVID-19-Related Expenses The Company incurred costs associated with the COVID-19 pandemic and related impacts on the Company’s business, totaling $99.0 million ($78.0 million on an after-tax basis, or $2.08 per diluted share) during the thirty-nine weeks ended October 31, 2020. These costs included non-cash impairment of property and equipment and lease right-of-use assets, inventory markdowns, employee severance and other identified expenses that were specific to the impact of COVID-19 on the Company’s operations. Of the $99.0 million in charges, $65.6 million is presented as restructuring and other special charges, net and $33.4 million is reflected as cost of goods sold in the condensed consolidated statements of earnings (loss). Of the $65.6 million reflected as restructuring and other special charges, $48.4 million is reflected in the Brand Portfolio segment, $16.6 million is reflected in the Famous Footwear segment and $0.6 million is reflected within the Eliminations and Other category. The $33.4 million reflected as cost of goods sold represents inventory markdowns, of which $27.4 million is reflected in the Brand Portfolio segment and $6.0 million is reflected in the Famous Footwear segment. There were no corresponding charges for the thirteen weeks ended October 31, 2020. Refer to Note 9 to the condensed consolidated financial statements for additional information regarding the impact of COVID-19 on the Company’s leases. Impairment of Goodwill and Intangible Assets During the first quarter of 2020, the Company recorded non-cash impairment charges totaling $262.7 million ($218.5 million on an after-tax basis, or $5.84 per diluted share), including $240.3 million of impairment associated with the Company’s goodwill and $22.4 million associated with indefinite-lived trademarks. All of the charges are reflected in the Brand Portfolio segment. Refer to further discussion in Note 8 to the condensed consolidated financial statements. Brand Exits During the first quarter of 2020, the Company incurred costs of $1.6 million ($1.2 million on an after-tax basis, or $0.03 per diluted share) related to the decision to exit the Fergie brand. These charges represent inventory markdowns required to reduce the value of inventory to net realizable value and are presented in cost of goods sold on the condensed consolidated statements of earnings (loss) within the Brand Portfolio segment for the thirty-nine weeks ended October 31, 2020. There were no corresponding costs in the thirteen weeks ended October 31, 2020. The Company’s license agreement to sell Carlos by Carlos Santana footwear expired in December 2018. In connection with the decision to exit the Carlos brand, the Company incurred restructuring-related costs of $1.9 million ($1.4 million on an after-tax basis, or $0.03 per diluted share) during the thirty-nine weeks ended November 2, 2019. Of these charges included in the Brand Portfolio segment, $1.3 million ($1.0 million on an after-tax basis or $0.02 per diluted share) primarily represents incremental inventory markdowns required to reduce the value of inventory to net realizable value and is presented in cost of goods sold on the condensed consolidated statements of earnings (loss) and the remaining $0.6 million ($0.4 million on an after-tax basis, or $0.01 per diluted share) for severance and other related costs is presented in restructuring and other special charges. There were no corresponding costs in the thirty-nine weeks ended October 31, 2020 or the thirteen weeks ended November 2, 2019. Vionic Integration-Related Costs During the thirteen weeks ended November 2, 2019, the Company incurred integration-related costs associated with the acquisition of Vionic in October 2018, primarily for severance, totaling $1.0 million ($0.7 million on an after-tax basis, or $0.02 per diluted share). The costs are presented as restructuring and other special charges, net in the condensed consolidated statements of earnings (loss) within the Eliminations and Other category. During the thirty-nine weeks ended November 2, 2019, the Company incurred integration-related costs, primarily for severance, totaling $1.9 million ($1.4 million on an after-tax basis, or $0.03 per diluted share). Of the $1.9 million in costs, which are presented as restructuring and other special charges, net in the condensed consolidated statements of earnings (loss), $1.8 million are reflected within the Eliminations and Other category and $0.1 million are included in the Brand Portfolio segment. There were no corresponding costs in the thirty-nine weeks ended October 31, 2020. The integration of Vionic is ongoing and the Company anticipates additional integration-related costs as it completes this initiative in the fourth quarter of 2020.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
	Oct. 31, 2020
BUSINESS SEGMENT INFORMATION
BUSINESS SEGMENT INFORMATION	Note 6 Business Segment Information Following is a summary of certain key financial measures for the Company’s business segments for the periods ended October 31, 2020 and November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Famous ​ Brand ​ Eliminations ​ ​ ​ ($ thousands) Footwear Portfolio and Other Total Thirteen Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 391,706 ​ $ 267,587 ​ $ (11,813) ​ $ 647,480 Intersegment sales (1) ​ — ​ ​ 11,813 ​ ​ — ​ 11,813 Operating earnings (loss) ​ 27,845 ​ 7,304 ​ (15,078) ​ 20,071 Segment assets ​ 837,228 ​ 924,976 ​ 264,856 ​ 2,027,060 ​ ​ ​ ​ ​ Thirteen Weeks Ended November 2, 2019 ​ ​ ​ ​ Net sales ​ $ 446,583 ​ $ 359,863 ​ $ (14,071) ​ $ 792,375 Intersegment sales (1) ​ — ​ 14,071 ​ — ​ 14,071 Operating earnings (loss) ​ 27,681 ​ 19,398 ​ (3,608) ​ 43,471 Segment assets ​ 973,272 ​ 1,360,445 ​ 137,493 ​ 2,471,210 ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 916,893 ​ $ 668,447 ​ $ (39,229) ​ $ 1,546,111 Intersegment sales (1) ​ — ​ 39,229 ​ — ​ 39,229 Operating loss ​ (38,651) ​ (352,556) ​ (39,072) ​ (430,279) ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended November 2, 2019 ​ ​ ​ ​ Net sales ​ $ 1,218,589 ​ $ 1,060,488 ​ $ (56,463) ​ $ 2,222,614 Intersegment sales (1) ​ — ​ 56,463 ​ — ​ 56,463 Operating earnings (loss) ​ 70,036 ​ 46,225 ​ (18,117) ​ 98,144 (1) Included in net sales in the Brand Portfolio segment and eliminated in the Eliminations and Other category The Eliminations and Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments, as well as the elimination of intersegment sales and profit. Following is a reconciliation of operating earnings (loss) to earnings (loss) before income taxes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ October 31, ​ November 2, ​ October 31, ​ November 2, ($ thousands) 2020 2019 2020 2019 Operating earnings (loss) ​ $ 20,071 ​ $ 43,471 ​ $ (430,279) ​ $ 98,144 Interest expense, net ​ (10,881) ​ (10,559) ​ (33,747) ​ (25,288) Other income, net ​ 5,461 ​ 2,633 ​ 12,718 ​ 7,902 Earnings (loss) before income taxes ​ $ 14,651 ​ $ 35,545 ​ $ (451,308) ​ $ 80,758 ​

INVENTORIES

INVENTORIES	9 Months Ended
	Oct. 31, 2020
INVENTORIES
INVENTORIES	Note 7 Inventories The Company’s net inventory balance was comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($thousands) October 31, 2020 November 2, 2019 February 1, 2020 Raw materials ​ $ 14,907 ​ $ 19,005 ​ $ 18,455 Work-in-process ​ 293 ​ 422 ​ 454 Finished goods ​ 492,165 ​ 625,219 ​ 599,497 Inventories, net ​ $ 507,365 ​ $ 644,646 ​ $ 618,406 ​

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Oct. 31, 2020
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	Note 8 Goodwill and Intangible Assets Goodwill and intangible assets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($thousands) October 31, 2020 November 2, 2019 February 1, 2020 Intangible Assets ​ ​ ​ Famous Footwear ​ $ 2,800 ​ $ 2,800 ​ $ 2,800 Brand Portfolio ​ 365,888 ​ 388,288 ​ 388,288 Total intangible assets ​ 368,688 ​ 391,088 ​ 391,088 Accumulated amortization ​ (106,570) ​ (93,518) ​ (96,784) Total intangible assets, net ​ 262,118 ​ 297,570 ​ 294,304 Goodwill ​ ​ ​ Brand Portfolio ​ 4,956 ​ 245,275 ​ 245,275 Total goodwill ​ 4,956 ​ 245,275 ​ 245,275 Goodwill and intangible assets, net ​ $ 267,074 ​ $ 542,845 ​ $ 539,579 ​ The Company’s intangible assets as of October 31, 2020, November 2, 2019 and February 1, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($thousands) October 31, 2020 ​ Estimated Useful Lives ​ ​ Accumulated ​ ​ ​ ​ ​ (In Years) ​ Cost Basis ​ Amortization ​ Impairment ​ Net Carrying Value Trademarks 15 - 40 ​ $ 288,788 ​ $ 99,376 ​ $ — ​ $ 189,412 Trademarks Indefinite ​ 58,100 (1) — ​ 22,400 ​ 35,700 Customer relationships 15 - 16 44,200 7,194 — 37,006 ​ ​ ​ ​ $ 391,088 ​ $ 106,570 ​ $ 22,400 ​ $ 262,118 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, 2019 ​ Estimated Useful Lives ​ ​ Accumulated ​ ​ ​ ​ ​ (In Years) ​ Cost Basis ​ Amortization ​ Impairment ​ Net Carrying Value Trademarks 15 40 ​ $ 288,788 ​ $ 89,360 ​ $ — ​ $ 199,428 Trademarks Indefinite ​ 58,100 (1) — ​ — ​ 58,100 Customer relationships 15 16 44,200 4,158 — 40,042 ​ ​ ​ ​ $ 391,088 ​ $ 93,518 ​ $ — ​ $ 297,570 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ February 1, 2020 ​ Estimated Useful Lives ​ ​ Accumulated ​ ​ ​ ​ ​ (In Years) ​ Cost Basis ​ Amortization ​ Impairment ​ Net Carrying Value Trademarks 15 40 ​ $ 288,788 ​ $ 91,827 ​ $ — ​ $ 196,961 Trademarks Indefinite ​ 58,100 (1) — ​ — ​ 58,100 Customer relationships 15 16 44,200 4,957 — 39,243 ​ ​ ​ ​ $ 391,088 ​ $ 96,784 ​ $ — ​ $ 294,304 (1) Cost basis for indefinite-lived trademarks has been reduced by $60.0 million in impairment charges recognized in 2018 related to the Allen Edmonds tradename. Amortization expense related to intangible assets was $3.3 million for both the thirteen weeks ended October 31, 2020 and November 2, 2019 and $9.8 million for both the thirty-nine weeks ended October 31, 2020 and November 2, 2019. The Company estimates that amortization expense related to intangible assets will be approximately $13.1 million in 2020, $12.9 million in 2021, $12.5 million in 2022, $12.2 million in 2023 and $11.4 million in 2024. Goodwill is tested for impairment at least annually, or more frequently if events or circumstances indicate it might be impaired, using either the qualitative assessment or a quantitative fair value-based test. During the first quarter of 2020, as a result of the significant decline in the Company’s share price and market capitalization and the impact of COVID-19 on the Company’s business operations, the Company determined that an interim assessment of goodwill was required. A quantitative assessment was performed for all reporting units as of May 2, 2020. The assessment indicated that the carrying value of the goodwill associated with the Brand Portfolio and Vionic reporting units was impaired, resulting in total goodwill impairment charges of $240.3 million. The Company recorded no goodwill impairment charges during the thirteen weeks ended October 31, 2020 or the thirty-nine weeks ended November 2, 2019. Indefinite-lived intangible assets are tested for impairment as of the first day of the fourth quarter of each fiscal year unless events or circumstances indicate an interim test is required. As a result of the triggering event from the economic impacts of COVID-19, an interim assessment was performed as of May 2, 2020. The indefinite-lived intangible asset impairment review resulted in total impairment charges of $22.4 million for the thirteen weeks ended May 2, 2020, including $12.2 million associated with the indefinite-lived Allen Edmonds trademark and $10.2 million of impairment associated with the indefinite-lived Via Spiga trademark. The carrying value of the Via Spiga trademark of $0.5 million will be amortized over approximately two years. The Company recorded no impairment charges during the thirteen weeks ended October 31, 2020 or the thirty-nine weeks ended November 2, 2019.

LEASES

LEASES	9 Months Ended
	Oct. 31, 2020
LEASES
LEASES	Note 9 Leases The Company leases all of its retail locations and certain manufacturing facilities, office locations, distribution centers and equipment. At contract inception, leases are evaluated and classified as either operating or finance leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease right-of-use assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. The majority of the Company’s leases do not provide an implicit rate and therefore, the Company uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future payments. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Variable lease payments are expensed as incurred. The Company regularly analyzes the results of all of its stores and assesses the viability of underperforming stores to determine whether events or circumstances exist that indicate the stores should be closed or whether the carrying amount of their long-lived assets may not be recoverable. After allowing for an appropriate start-up period, unusual nonrecurring events or favorable trends, property and equipment at stores and the lease right-of-use assets indicated as impaired are written down to fair value as calculated using a discounted cash flow method. The Company recorded asset impairment charges of $0.4 million and $2.2 million during the thirteen weeks ended October 31, 2020 and November 2, 2019, respectively. The Company recorded asset impairment charges, primarily related to underperforming retail stores, of $35.6 million and $5.1 million in the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. The impairment charges recorded in the thirty-nine weeks ended October 31, 2020, including $21.1 million associated with operating lease right-of-use assets and $14.5 million associated with property and equipment, reflect the impact of the COVID-19 pandemic on the Company’s retail operations and estimates of remaining cash flows for each store. Refer to Note 5 and Note 15 to the condensed consolidated financial statements for further discussion on these impairment charges. As a result of the temporary store closures during the first half of 2020 associated with the COVID-19 pandemic, the Company is negotiating with landlords to modify payment terms for certain leases. Deferred payments for these leases are reflected in lease obligations on the condensed consolidated balance sheets. As further discussed in Note 2 to the condensed consolidated financial statements, under relief provided by the FASB, entities may make a policy election to account for the lease concessions as if the enforceable rights existed under the original contract, accounting for them as variable rent rather than lease modifications. The Company has made a policy election to account for rent abatements as variable rent. Accordingly, the Company recorded $1.7 million and $3.7 million in the thirteen and thirty-nine weeks ended October 31, 2020, respectively, in lease concessions as a reduction of rent expense within selling and administrative expenses in the condensed consolidated statements of earnings (loss). Rent deferrals for leases that were extended in connection with the rent concession will continue to be recognized consistent with the original lease agreement. During the thirty-nine weeks ended October 31, 2020, the Company entered into new or amended leases that resulted in the recognition of right-of-use assets and lease obligations of $63.1 million on the condensed consolidated balance sheets. As of October 31, 2020, the Company has entered into lease commitments for four retail locations for which the leases have not yet commenced. The Company anticipates that one lease will begin in the current fiscal year and three leases will begin in the next fiscal year. Upon commencement, right-of-use assets next The components of lease expense for the thirteen and thirty-nine weeks ended October 31, 2020 and November 2, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ($thousands) ​ October 31, 2020 ​ November 2, 2019 Operating lease expense $ 38,568 $ 47,068 Variable lease expense ​ 12,739 ​ 11,794 Short-term lease expense ​ 1,775 ​ 577 Sublease income ​ (29) ​ (73) Total lease expense ​ $ 53,053 ​ $ 59,366 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ($thousands) ​ October 31, 2020 ​ November 2, 2019 Operating lease expense $ 124,906 $ 139,380 Variable lease expense ​ 36,090 ​ 35,277 Short-term lease expense ​ 3,872 ​ 2,654 Sublease income ​ (76) ​ (220) Total lease expense ​ $ 164,792 ​ $ 177,091 ​ Supplemental cash flow information related to leases is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ($thousands) October 31, 2020 November 2, 2019 Cash paid for lease liabilities ​ $ 99,517 ​ $ 136,497 Cash received from sublease income ​ 76 ​ 220 ​

LONG-TERM AND SHORT-TERM FINANC

LONG-TERM AND SHORT-TERM FINANCING ARRANGEMENTS	9 Months Ended
	Oct. 31, 2020
LONG-TERM AND SHORT-TERM FINANCING ARRANGEMENTS
LONG-TERM AND SHORT-TERM FINANCING ARRANGEMENTS	Note 10 Long-term and Short-term Financing Arrangements Credit Agreement The Company maintains a revolving credit facility for working capital needs. On December 18, 2014, the Company and certain of its subsidiaries (the “Loan Parties”) entered into a Fourth Amended and Restated Credit Agreement ("the Former 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 Former Credit Agreement other than Sidney Rich Associates, Inc. and BG Retail, LLC. Allen Edmonds and Vionic were joined to the Former Credit Agreement as guarantors on December 13, 2016 and October 31, 2018, respectively. After giving effect to the joinders, the Company is the lead borrower, and Sidney Rich Associates, Inc., BG Retail, LLC, Allen Edmonds and Vionic are each co-borrowers and guarantors under the Former Credit Agreement. On January 18, 2019, the Loan Parties entered into a Third Amendment to Fourth Amended and Restated Credit Agreement to extend the maturity date to January 18, 2024 and change the borrowing capacity under the Former Credit Agreement from an aggregate amount of up to $600.0 million to an aggregate amount of up to $500.0 million, with the option to increase by up to $250.0 million. On April 14, 2020, the Company entered into a Fourth Amendment to Fourth Amended and Restated Credit Agreement (as so amended, the "Credit Agreement") which, among other modifications, increased the amount available under the revolving credit facility by $100.0 million to an aggregate amount of up to $600.0 million, subject to borrowing base restrictions, and may be further increased by up to $150.0 million. The Credit Agreement increased the spread applied to the LIBOR or prime rate by a total of 75 basis points and increased the unused line fee by 5 basis points. 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”) (with a floor of 1.0% imposed by the Credit Agreement) 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, if excess availability falls below the greater of 10.0% of the lesser of the Loan Cap and $40.0 million for three consecutive business days, and the fixed charge coverage ratio is less than 1.0 to 1.0, the Company would be in default under the Credit Agreement and certain additional covenants would be triggered. The Credit Agreement contains customary events of default, including, without limitation, payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to similar obligations, certain events of bankruptcy and insolvency, judgment defaults and the failure of any guaranty or security document supporting the agreement to be in full force and effect. If an event of default occurs, the collateral agent 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 12-month period. The Credit Agreement also contains certain other covenants and restrictions. The Company was in compliance with all covenants and restrictions under the Credit Agreement as of October 31, 2020. At October 31, 2020, the Company had $300.0 million borrowings outstanding and $11.2 million in letters of credit outstanding under the Credit Agreement. Total additional borrowing availability was $170.6 million at October 31, 2020. $200 Million Senior Notes On July 27, 2015, the Company issued $200.0 million aggregate principal amount of 6.25% Senior Notes due 2023 (the "Senior Notes"). The 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 Senior Notes is payable on February 15 and August 15 of each year. The Senior Notes will mature on August 15, 2023. If the Company experiences specific kinds of changes of control, it would be required to offer to purchase the 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 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 October 31, 2020, the Company was in compliance with all covenants and restrictions relating to the Senior Notes.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Oct. 31, 2020
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY	Note 11 Shareholders’ Equity Accumulated Other Comprehensive Loss The following table sets forth the changes in accumulated other comprehensive loss (OCL) by component for the periods ended October 31, 2020 and November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension and Derivative ​ ​ ​ ​ ​ ​ ​ Other ​ Financial ​ Accumulated ​ ​ Foreign ​ Postretirement ​ Instrument ​ Other ​ ​ Currency ​ Transactions ​ Transactions ​ Comprehensive ($thousands) ​ Translation ​ (1) ​ (2) ​ (Loss) Income Balance at August 1, 2020 ​ $ (1,390) ​ $ (30,047) ​ $ — ​ $ (31,437) Other comprehensive income before reclassifications ​ ​ 320 ​ ​ — ​ ​ — ​ ​ 320 Reclassifications: ​ ​ ​ ​ ​ ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ ​ — ​ ​ (111) ​ ​ — ​ ​ (111) Tax provision (3) ​ — ​ 44 ​ — ​ 44 Net reclassifications ​ — ​ (67) ​ — ​ (67) Other comprehensive income ​ 320 ​ (67) ​ — ​ 253 Balance at October 31, 2020 ​ $ (1,070) ​ $ (30,114) ​ $ — ​ $ (31,184) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 3, 2019 ​ $ (896) ​ $ (30,199) ​ $ (310) ​ $ (31,405) Other comprehensive income before reclassifications ​ 595 ​ — ​ 66 ​ 661 Reclassifications: ​ ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ 578 ​ (4) ​ 574 Tax (benefit) provision ​ — ​ (149) ​ 1 ​ (148) Net reclassifications ​ — ​ 429 ​ (3) ​ 426 Other comprehensive income ​ 595 ​ 429 ​ 63 ​ 1,087 Balance at November 2, 2019 ​ $ (301) ​ $ (29,770) ​ $ (247) ​ $ (30,318) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at February 1, 2020 ​ $ (580) ​ $ (31,171) ​ $ (92) ​ $ (31,843) Other comprehensive (loss) income before reclassifications ​ (490) ​ — ​ 87 ​ (403) Reclassifications: ​ — ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ 1,393 ​ 6 ​ 1,399 Tax benefit (3) ​ — ​ (336) ​ (1) ​ (337) Net reclassifications ​ — ​ 1,057 ​ 5 ​ 1,062 Other comprehensive (loss) income ​ (490) ​ 1,057 ​ 92 ​ 659 Balance at October 31, 2020 ​ $ (1,070) ​ $ (30,114) ​ $ — ​ $ (31,184) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at February 2, 2019 ​ $ 62 ​ $ (31,055) ​ $ (608) ​ $ (31,601) Other comprehensive (loss) income before reclassifications ​ (363) ​ — ​ 160 ​ (203) Reclassifications: ​ ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ 1,733 ​ 254 ​ 1,987 Tax benefit ​ — ​ (448) ​ (53) ​ (501) Net reclassifications ​ — ​ 1,285 ​ 201 ​ 1,486 Other comprehensive (loss) income ​ (363) ​ 1,285 ​ 361 ​ 1,283 Balance at November 2, 2019 ​ $ (301) ​ $ (29,770) ​ $ (247) ​ $ (30,318) (1) Amounts reclassified are included in other income, net. Refer to Note 13 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. Refer to Note 14 and Note 15 to the condensed consolidated financial statements for additional information related to derivative financial instruments. (3) Includes approximately $0.5 million of expense related to a valuation allowance on net deferred taxes, including those related to other comprehensive income, for the Company’s Canadian subsidiary.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Oct. 31, 2020
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION	Note 12 Share-Based Compensation The Company recognized share-based compensation expense of $2.5 million and $2.4 million during the thirteen weeks and $6.9 million and $8.9 million during the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. The Company had net issuances (repurchases) of 32,018 and (69,377) shares of common stock during the thirteen weeks ended October 31, 2020 and November 2, 2019, respectively, for restricted stock grants, stock performance awards issued to employees, stock options exercised and common and restricted stock grants issued to non-employee directors, net of forfeitures and shares withheld to satisfy the tax withholding requirement. During the thirty-nine weeks ended October 31, 2020 and November 2, 2019, the Company issued 449,539 and 295,466 shares of common stock, respectively, related to the share-based plans. Restricted Stock The following table summarizes restricted stock activity for the periods ended October 31, 2020 and November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ ​ Thirteen Weeks Ended ​ ​ October 31, 2020 ​ ​ ​ November 2, 2019 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ ​ Total Number ​ ​ Average ​ ​ ​ Total Number ​ ​ Average ​ ​ of Restricted ​ ​ Grant Date ​ ​ ​ of Restricted ​ ​ Grant Date ​ Shares ​ Fair Value ​ Shares ​ Fair Value August 1, 2020 ​ 1,360,602 ​ $ 17.81 ​ August 3, 2019 ​ 1,433,470 ​ $ 27.09 Granted ​ 35,000 ​ ​ 9.73 ​ Granted ​ 11,000 ​ ​ 22.44 Forfeited ​ (875) ​ ​ 14.51 ​ Forfeited ​ (78,000) ​ ​ 30.75 Vested (6,500) ​ 25.18 Vested (10,000) ​ 32.85 October 31, 2020 1,388,227 ​ $ 17.57 ​ November 2, 2019 1,356,470 ​ $ 26.80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ​ ​ ​ Thirty-Nine Weeks Ended ​ October 31, 2020 ​ November 2, 2019 ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ ​ Total Number ​ Average ​ ​ ​ Total Number ​ Average ​ ​ of Restricted ​ Grant Date ​ ​ ​ of Restricted ​ Grant Date ​ ​ Shares ​ Fair Value ​ ​ ​ Shares ​ Fair Value February 1, 2020 1,271,795 ​ $ 26.77 ​ February 2, 2019 1,249,223 ​ $ 29.17 Granted 598,431 ​ 6.14 ​ Granted 461,234 ​ 22.94 Forfeited (68,787) ​ 23.11 ​ Forfeited (135,425) ​ 29.91 Vested (413,212) ​ 28.23 ​ Vested (218,562) ​ 30.25 October 31, 2020 1,388,227 ​ $ 17.57 ​ November 2, 2019 1,356,470 ​ $ 26.80 ​ All of the restricted shares granted during the thirteen weeks ended October 31, 2020 have a graded-vesting term of three years. Of the 598,431 restricted shares granted during the thirty-nine weeks ended October 31, 2020, 585,683 shares have a graded-vesting term of three years and 12,748 shares have a cliff-vesting term of one year. All of the restricted shares granted during the thirteen weeks ended November 2, 2019 have a graded-vesting term of three years. Of the 461,234 restricted shares granted during the thirty-nine weeks ended November 2, 2019, 448,320 shares have a graded-vesting term of three years and 12,914 shares have a cliff-vesting term of one year. Share-based compensation expense for graded-vesting grants is recognized ratably over the respective vesting periods. Performance Share Awards During the thirteen and thirty-nine weeks ended October 31, 2020, the Company granted performance share awards for a targeted 87,750 shares, with a weighted-average grant date fair value of $7.47. During the thirty-nine weeks ended November 2, 2019, the Company granted performance share awards for a targeted 180,000 shares, with a weighted-average grant date fair value of $23.42. There were no performance-based share awards granted by the Company during the thirteen weeks ended November 2, 2019. Vesting of performance-based awards is generally dependent upon the financial performance of the Company and the attainment of certain financial goals during the three-year period following the grant. Vesting of performance-based awards for the performance share award granted during the thirteen weeks ended October 31, 2020 is dependent upon the attainment of certain financial goals during the second half of 2020. 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 the specified financial goals for the service period. Compensation expense is recognized based on the fair value of the award and the anticipated number of shares or units to be awarded for each tranche in accordance with the vesting schedule of the units over the three-year service period. Restricted Stock Units for Non-Employee Directors Equity-based grants may be made to non-employee directors in the form of restricted stock units ("RSUs") payable in cash or common stock at no cost to the non-employee director. The RSUs earn dividend equivalents at the same rate as dividends on the Company’s common stock. The dividend equivalents, which vest immediately, are automatically re-invested in additional RSUs. Expense related to the initial grant of RSUs is recognized ratably over the vesting period based upon the fair value of the RSUs. The RSUs payable in cash are remeasured at the end of each period. Expense for the dividend equivalents is recognized at fair value when the dividend equivalents are granted. The Company granted 3,618 and 1,350 to non-employee directors for dividend equivalents, during the thirteen weeks ended October 31, 2020 and November 2, 2019, respectively, with weighted-average grant date fair values of $9.78 and $23.27, respectively. The Company granted 118,150 and 55,679 RSUs to non-employee directors, including 16,166 and 4,023 for dividend equivalents, during the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively, with weighted-average grant date fair values of $10.01 and $19.59, respectively.

RETIREMENT AND OTHER BENEFIT PL

RETIREMENT AND OTHER BENEFIT PLANS	9 Months Ended
	Oct. 31, 2020
RETIREMENT AND OTHER BENEFIT PLANS
RETIREMENT AND OTHER BENEFIT PLANS	Note 13 Retirement and Other Benefit Plans The following table sets 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) ​ October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Service cost ​ $ 2,005 ​ $ 1,805 ​ $ — ​ $ — Interest cost ​ 2,970 ​ 3,707 ​ 10 ​ 15 Expected return on assets ​ (8,330) ​ (6,933) ​ — ​ — Amortization of: ​ ​ ​ ​ ​ ​ Actuarial loss (gain) ​ 240 ​ 977 ​ (27) ​ (27) Prior service income ​ (324) ​ (372) ​ — ​ — Total net periodic benefit income ​ $ (3,439) ​ $ (816) ​ $ (17) ​ $ (12) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits ​ Other Postretirement Benefits ​ Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended ($ thousands) October 31, 2020 ​ November 2, 2019 October 31, 2020 November 2, 2019 Service cost ​ $ 6,412 ​ $ 5,414 ​ $ — ​ $ — Interest cost ​ 9,252 ​ 11,112 ​ 31 ​ 45 Expected return on assets ​ (23,205) ​ (20,792) ​ — ​ — Amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial loss (gain) ​ 2,506 ​ 2,929 ​ (82) ​ (81) Prior service income ​ (1,031) ​ (1,115) ​ — ​ — Settlement cost ​ 222 ​ — ​ — ​ — Curtailment gain ​ (189) ​ — ​ — ​ — Total net periodic benefit income ​ $ (6,033) ​ $ (2,452) ​ $ (51) ​ $ (36) ​ The non-service cost components of net periodic benefit income are included in other income, net in the condensed consolidated statements of earnings (loss). Service cost is included in selling and administrative expenses.

RISK MANAGEMENT AND DERIVATIVES

RISK MANAGEMENT AND DERIVATIVES	9 Months Ended
	Oct. 31, 2020
RISK MANAGEMENT AND DERIVATIVES
RISK MANAGEMENT AND DERIVATIVES	Note 14 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 financial 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 international financial institutions. Credit risk is managed through the continuous monitoring of exposures to such counterparties. The Company’s hedging strategy allows for the use of forward contracts as cash flow hedging instruments, which are recorded in the Company’s condensed consolidated balance sheets at fair value. The effective portion of gains and losses resulting from changes in the fair value of these hedge instruments are deferred in accumulated other comprehensive loss and reclassified to earnings in the period that the hedged transaction is recognized in earnings. The Company had no forward contracts as of October 31, 2020. As of November 2, 2019, and February 1, 2020, the Company had forward contracts maturing through May 2020. The contract amounts in the following table represent the net notional amount of all purchase and sale contracts of a foreign currency. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (U.S. $equivalent in thousands) October 31, 2020 November 2, 2019 February 1, 2020 Financial Instruments ​ ​ ​ ​ ​ U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars) ​ $ — ​ $ 3,235 ​ $ 3,963 Euro ​ — ​ 5,763 ​ 1,251 Chinese yuan ​ — ​ 2,905 ​ 2,355 New Taiwanese dollars ​ — ​ — ​ — Other currencies ​ — ​ 139 ​ 69 Total financial instruments ​ $ — ​ $ 12,042 ​ $ 7,638 ​ The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of October 31, 2020, November 2, 2019 and February 1, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset Derivatives Liability Derivatives ($ thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Foreign Exchange Forward Contracts October 31, 2020 ​ Prepaid expenses and other current assets ​ — ​ Other accrued expenses ​ — November 2, 2019 ​ Prepaid expenses and other current assets ​ 17 ​ Other accrued expenses ​ 325 February 1, 2020 Prepaid expenses and other current assets ​ — Other accrued expenses ​ 103 ​ ​ For the thirteen and thirty-nine weeks ended October 31, 2020 and November 2, 2019, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings (loss) was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ($ thousands) ​ October 31, 2020 ​ November 2, 2019 ​ ​ Gain (Loss) ​ ​ ​ ​ ​ ​ ​ Reclassified ​ ​ ​ ​ Loss Reclassified ​ ​ Gain (Loss) ​ from ​ (Loss) Gain ​ from ​ ​ Recognized ​ Accumulated ​ Recognized ​ Accumulated Foreign Exchange Forward Contracts: Income Statement ​ in OCL on ​ OCL into ​ in OCL on ​ OCL into Classification Gains (Losses) – Realized Derivatives Earnings Derivatives Earnings Net sales ​ $ — ​ $ — ​ $ 69 ​ $ 2 Cost of goods sold ​ — ​ — ​ 38 ​ — Selling and administrative expenses ​ — ​ — ​ (33) ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ($ thousands) ​ October 31, 2020 ​ November 2, 2019 ​ ​ ​ Loss ​ Loss ​ ​ ​ ​ ​ Reclassified ​ ​ ​ ​ Reclassified ​ ​ Gain ​ from ​ (Loss) Gain ​ from ​ ​ Recognized ​ Accumulated ​ Recognized ​ Accumulated Foreign Exchange Forward Contracts: Income Statement ​ in OCL on ​ OCL into ​ in OCL on ​ OCL into Classification Gains (Losses) – Realized Derivatives Earnings Derivatives Earnings Net sales ​ $ 23 ​ $ — ​ $ (51) ​ $ (3) Cost of goods sold ​ 60 ​ — ​ 390 ​ (38) Selling and administrative expenses ​ 33 ​ (6) ​ (147) ​ (213) ​ Additional information related to the Company’s derivative financial instruments are disclosed within Note 15 to the condensed consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Oct. 31, 2020
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	Note 15 Fair Value Measurements Fair Value Hierarchy Fair value measurement disclosure requirements specify 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; and ● 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. The Company also considers counterparty credit risk in its assessment of fair value. 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, and it 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). Non-Qualified 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 participants 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 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 equal to the number of shares of the Company’s common stock that 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 statements of earnings (loss). 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 were previously granted at no cost to non-employee directors. These cash-equivalent 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 cash-equivalent 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 RSUs for non-employee directors is disclosed in Note 12 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 in Note 14 to the condensed consolidated financial statements. Mandatory Purchase Obligation The Company recorded a mandatory purchase obligation of the noncontrolling interest in conjunction with the acquisition of Blowfish Malibu in July of 2018. The fair value of the mandatory purchase obligation is based on the earnings formula specified in the purchase agreement (Level 3). Accretion of the mandatory purchase obligation and fair value adjustments are recorded as interest expense. During the thirteen and thirty-nine weeks ended October 31, 2020, the Company recorded fair value adjustments of $5.1 million and $14.9 million, respectively. Accretion and remeasurement adjustments of $3.9 million and $4.4 million were recorded during the thirteen and thirty-nine weeks ended November 2, 2019, respectively. The earnings projections and discount rate utilized in the estimate of the fair value of the mandatory purchase obligation require management judgment and are the assumptions to which the fair value calculation is the most sensitive. Refer to further discussion of the mandatory purchase obligation in Note 5 to the condensed consolidated financial statements. The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at October 31, 2020, November 2, 2019 and February 1, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ($thousands) Total Level 1 Level 2 Level 3 Asset (Liability) ​ ​ ​ ​ ​ ​ ​ ​ October 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents – money market funds ​ $ 82,500 ​ $ 82,500 ​ $ — ​ $ — Non-qualified deferred compensation plan assets ​ 7,741 ​ 7,741 ​ — ​ ​ — Non-qualified deferred compensation plan liabilities ​ (7,741) ​ (7,741) ​ — ​ ​ — Deferred compensation plan liabilities for non-employee directors ​ (813) ​ (813) ​ — ​ ​ — Restricted stock units for non-employee directors ​ (840) ​ (840) ​ — ​ ​ — Mandatory purchase obligation - Blowfish Malibu ​ (30,146) ​ — ​ — ​ ​ (30,146) November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ Non-qualified deferred compensation plan assets ​ $ 8,117 ​ $ 8,117 ​ $ — ​ $ — Non-qualified deferred compensation plan liabilities ​ (8,117) ​ (8,117) ​ — ​ ​ — Deferred compensation plan liabilities for non-employee directors ​ (1,879) ​ (1,879) ​ — ​ ​ — Restricted stock units for non-employee directors ​ (3,282) ​ (3,282) ​ — ​ ​ — Derivative financial instruments, net ​ (308) ​ — ​ (308) ​ ​ — Mandatory purchase obligation - Blowfish Malibu ​ (13,655) ​ — ​ — ​ ​ (13,655) February 1, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents – money market funds ​ $ 18,001 ​ $ 18,001 ​ $ — ​ $ — Non-qualified deferred compensation plan assets ​ 8,004 ​ 8,004 ​ — ​ ​ — Non-qualified deferred compensation plan liabilities ​ (8,004) ​ (8,004) ​ — ​ ​ — Deferred compensation plan liabilities for non-employee directors ​ (1,536) ​ (1,536) ​ — ​ ​ — Restricted stock units for non-employee directors ​ (2,572) ​ (2,572) ​ — ​ ​ — Derivative financial instruments, net ​ (103) ​ — ​ (103) ​ ​ — Mandatory purchase obligation - Blowfish Malibu ​ (15,200) ​ — ​ — ​ ​ (15,200) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 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 Topic 820, Fair Value Measurement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ($thousands) October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Impairment Charges ​ ​ ​ ​ Famous Footwear ​ $ — ​ $ 769 ​ $ 14,896 ​ $ 1,509 Brand Portfolio ​ 398 ​ 1,382 ​ 20,724 ​ 3,596 Total impairment charges ​ $ 398 ​ $ 2,151 ​ $ 35,620 ​ $ 5,105 ​ 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. The carrying amounts and fair values of the Company’s other financial instruments subject to fair value disclosures are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, 2020 November 2, 2019 February 1, 2020 ​ ​ Carrying ​ ​ ​ ​ Carrying ​ ​ ​ ​ Carrying ​ ​ ​ ($thousands) Value (1) Fair Value Value (1) Fair Value Value (1) Fair Value Borrowings under revolving credit agreement ​ $ 300,000 ​ $ 300,000 ​ $ 295,000 ​ $ 295,000 ​ $ 275,000 ​ $ 275,000 Long-term debt ​ 200,000 ​ 188,750 ​ 200,000 ​ 206,200 ​ 200,000 ​ 205,000 Total debt ​ $ 500,000 ​ $ 488,750 ​ $ 495,000 ​ $ 501,200 ​ $ 475,000 ​ $ 480,000 (1) Excludes unamortized debt issuance costs and debt discount The fair value of borrowings under the revolving credit agreement approximates its carrying value due to its short-term nature (Level 1). The fair value of the Company’s long-term debt was based upon quoted prices in an inactive market as of the end of the respective periods (Level 2).

INCOME TAXES

INCOME TAXES	9 Months Ended
	Oct. 31, 2020
INCOME TAXES
INCOME TAXES	Note 16 Income Taxes The Company’s consolidated effective tax rate can vary considerably from period to period, depending on a number of factors. The Company’s consolidated rate was (1.9%) for the thirteen weeks ended October 31, 2020, compared to 21.9% for the thirteen weeks ended November 2, 2019. The lower tax rate for the thirteen weeks ended October 31, 2020, primarily reflects the impact of a higher anticipated full year tax benefit, driven by the CARES Act, which permits the Company to carry back 2020 losses to years with a higher federal tax rate, and the mix of projected earnings between international and domestic jurisdictions. For the thirty-nine weeks ended October 31, 2020, the Company’s consolidated effective tax rate was 19.8%, compared to 23.1% for thirty-nine weeks ended November 2, 2019. The Company’s effective tax rate was impacted by several discrete tax items for the thirty-nine weeks ended October 31, 2020, including the non-deductibility of a portion of the Company’s intangible asset impairment charges, the provision of a valuation allowance related to certain state and Canada deferred tax assets and the incremental tax provision related to share-based compensation. As discussed above, the Company’s tax benefit also includes the favorable impact of the CARES Act, which permits the Company to carry back 2020 losses to years with a higher federal tax rate. If these discrete taxes had not been recognized during the thirty-nine weeks ended October 31, 2020, the Company’s effective tax rate would have been 23.5%. During the nine months ended November 2, 2019, the Company recognized an immaterial amount of discrete tax items. As of October 31, 2020, no deferred taxes have been provided on the accumulated unremitted earnings of the Company’s foreign subsidiaries that are not subject to United States income tax, beyond the amounts recorded for the one-time transition tax for the mandatory deemed repatriation of cumulative foreign earnings, as required by the Tax Cuts and Jobs Act. The Company periodically evaluates its foreign investment opportunities and plans, as well as its foreign working capital needs, to determine the level of investment required and, accordingly, determines the level of foreign earnings that is considered indefinitely reinvested. Based upon that evaluation, earnings of the Company’s foreign subsidiaries that are not otherwise subject to United States taxation are considered to be indefinitely reinvested, and accordingly, deferred taxes have not been provided. If changes occur in future investment opportunities and plans, those changes will be reflected when known and may result in providing residual United States deferred taxes on unremitted foreign earnings.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Oct. 31, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	Note 17 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. In 2016, the Company submitted a revised plan to address on-site conditions, including direct treatment of source areas, and received approval from the oversight authorities to begin implementing the revised plan. As the treatment of the on-site source areas progresses, the Company expects to convert the pump and treat system to a passive treatment barrier system. 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 work plan 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 work plan, 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 Company continues to implement the expanded remedy work plan that was approved by the oversight authorities in 2015. Based on the progress of the direct remedial action of on-site conditions, the Company has submitted a request to the oversight authorities for permission to convert the perimeter pump and treat active remediation system to a passive one. During the fourth quarter of 2019, a final response was received from the oversight authorities, which allows the Company to proceed with implementation of the revised plan. The cumulative expenditures for both on-site and off-site remediation through October 31, 2020 were $31.8 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 October 31, 2020 is $9.7 million, of which $8.9 million is recorded within other liabilities and $0.8 million is recorded within other accrued expenses. Of the total $9.7 million reserve, $5.0 million is for off-site remediation and $4.7 million is for on-site remediation. The liability for the on-site remediation was discounted at 4.8%. On an undiscounted basis, the on-site remediation liability would be $13.9 million as of October 31, 2020. The Company expects to spend approximately $0.6 million in 2 0 20 Other 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 remediation plans in conjunction with its environmental consultants and records its best estimate of remediation 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.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Oct. 31, 2020
SUBSEQUENT EVENT
SUBSEQUENT EVENT	Note 18 Subsequent Event On November 19, 2020, the Company announced that, with the exception of a limited number of flagship locations, it plans to close all Naturalizer retail stores in the United States and Canada by the end of fiscal 2020. In addition to the store closures, the Company anticipates aligning the back-office infrastructure to the reduced store footprint, shifting talent to amplify the digital presence, and reallocating capital to further enhance the Company’s ecommerce platform and capabilities. The Company expects pre-tax charges in the fourth quarter of 2020 of between $20 million and $25 million. When

IMPACT OF NEW ACCOUNTING PRON_2

IMPACT OF NEW ACCOUNTING PRONOUNCEMENTS (Tables)	9 Months Ended
	Oct. 31, 2020
IMPACT OF NEW ACCOUNTING PRONOUNCEMENTS
Schedule of allowance for expected credit losses	​ ​ ​ ​ ​ ($ thousands) ​ ​ Balance at February 1, 2020 ​ $ 1,813 Adjustment upon adoption of ASU 2016-13 ​ ​ 2,521 Provision for expected credit losses ​ ​ 10,663 Uncollectible accounts written off, net of recoveries ​ ​ 221 Balance at October 31, 2020 ​ $ 15,218

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Oct. 31, 2020
REVENUES
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 325,501 ​ $ 14,291 ​ $ — ​ $ 339,792 Landed wholesale - e-commerce (1) ​ ​ — ​ ​ 42,001 ​ ​ — ​ ​ 42,001 Landed wholesale - e-commerce - drop ship (1) (2) ​ — ​ 21,256 ​ — ​ 21,256 Landed wholesale - other ​ — ​ 136,627 ​ (11,813) ​ 124,814 First-cost wholesale ​ — ​ 15,368 ​ — ​ 15,368 First-cost wholesale - e-commerce (1) (2) ​ — ​ 99 ​ — ​ 99 E-commerce - Company websites (1) (2) ​ 66,058 ​ 35,100 ​ — ​ 101,158 Licensing and royalty ​ — ​ 2,809 ​ — ​ 2,809 Other (3) ​ 147 ​ 36 ​ — ​ 183 Net sales ​ $ 391,706 ​ $ 267,587 ​ $ (11,813) ​ $ 647,480 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended November 2, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 401,943 ​ $ 40,621 ​ $ — ​ $ 442,564 Landed wholesale - e-commerce (1) ​ — ​ 27,304 ​ — ​ 27,304 Landed wholesale - e-commerce - drop ship (1) (2) ​ ​ — ​ ​ 58,653 ​ ​ — ​ ​ 58,653 Landed wholesale - other ​ — ​ 177,146 ​ (14,071) ​ 163,075 First-cost wholesale ​ — ​ 16,124 ​ — ​ 16,124 First-cost wholesale - e-commerce (1) (2) ​ — ​ 354 ​ — ​ 354 E-commerce - Company websites (1) (2) ​ 44,489 ​ 36,692 ​ — ​ 81,181 Licensing and royalty ​ — ​ 2,908 ​ — ​ 2,908 Other (3) ​ 151 ​ 61 ​ — ​ 212 Net sales ​ $ 446,583 ​ $ 359,863 ​ $ (14,071) ​ $ 792,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 712,761 ​ $ 33,173 ​ $ — ​ $ 745,934 Landed wholesale - e-commerce (1) ​ ​ — ​ ​ 91,477 ​ ​ — ​ ​ 91,477 Landed wholesale - e-commerce - drop ship (1) (2) ​ — ​ 61,235 ​ — ​ 61,235 Landed wholesale - other ​ — ​ 327,322 ​ (39,229) ​ 288,093 First-cost wholesale ​ — ​ 39,139 ​ — ​ 39,139 First-cost wholesale - e-commerce (1) (2) ​ — ​ 601 ​ — ​ 601 E-commerce - Company websites (1) (2) ​ 203,888 ​ 108,926 ​ — ​ 312,814 Licensing and royalty ​ — ​ 6,463 ​ — ​ 6,463 Other (3) ​ 244 ​ 111 ​ — ​ 355 Net sales ​ $ 916,893 ​ $ 668,447 ​ $ (39,229) ​ $ 1,546,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended November 2, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Eliminations and ​ ​ ​ ($ thousands) Famous Footwear Brand Portfolio Other Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail stores (2) ​ $ 1,108,200 ​ $ 115,819 ​ $ — ​ $ 1,224,019 Landed wholesale - e-commerce (1) ​ ​ — ​ ​ 64,182 ​ ​ — ​ ​ 64,182 Landed wholesale - e-commerce - drop ship (1) (2) ​ ​ — ​ ​ 148,745 ​ ​ — ​ ​ 148,745 Landed wholesale - other ​ — ​ 549,321 ​ (56,463) ​ 492,858 First-cost wholesale ​ — ​ 66,826 ​ — ​ 66,826 First-cost wholesale - e-commerce (1) (2) ​ — ​ 1,528 ​ — ​ 1,528 E-commerce - Company websites (1) (2) ​ 109,954 ​ 102,637 ​ — ​ 212,591 Licensing and royalty ​ — ​ 11,234 ​ — ​ 11,234 Other (3) ​ 435 ​ 196 ​ — ​ 631 Net sales ​ $ 1,218,589 ​ $ 1,060,488 ​ $ (56,463) ​ $ 2,222,614 (1) Collectively referred to as "e-commerce" below (2) Collectively referred to as “Direct-to-consumer” (3) Includes breakage revenue from unredeemed gift cards
Schedule of contract balances from contract with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ thousands) October 31, 2020 November 2, 2019 February 1, 2020 Customer allowances and discounts ​ $ 22,182 ​ $ 25,762 ​ $ 26,200 Loyalty programs liability ​ 14,634 ​ 17,274 ​ 16,405 Returns reserve ​ 14,889 ​ 15,040 ​ 14,033 Gift card liability ​ 4,909 ​ 4,794 ​ 5,742

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Oct. 31, 2020
EARNINGS (LOSS) PER SHARE
Schedule of computation of basic and diluted earnings (loss) per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ($ thousands, except per share amounts) October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ NUMERATOR ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) ​ $ 14,926 ​ $ 27,761 ​ $ (361,915) ​ $ 62,073 Net (earnings) loss attributable to noncontrolling interests ​ (509) ​ 226 ​ (223) ​ 338 Net earnings allocated to participating securities ​ (512) ​ (946) ​ — ​ (2,042) Net earnings (loss) attributable to Caleres, Inc. after allocation of earnings to participating securities ​ $ 13,905 ​ $ 27,041 ​ $ (362,138) ​ $ 60,369 ​ ​ ​ ​ ​ DENOMINATOR ​ ​ ​ ​ Denominator for basic earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ 36,554 ​ 39,258 ​ 37,439 ​ 39,983 Dilutive effect of share-based awards ​ 176 ​ 55 ​ — ​ 57 Denominator for diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ 36,730 ​ 39,313 ​ 37,439 ​ 40,040 ​ ​ ​ ​ ​ Basic earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ $ 0.38 ​ $ 0.69 ​ $ (9.67) ​ $ 1.51 ​ ​ ​ ​ ​ Diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders ​ $ 0.38 ​ $ 0.69 ​ $ (9.67) ​ $ 1.51

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
	Oct. 31, 2020
BUSINESS SEGMENT INFORMATION
Summary of certain key financial measures of business segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Famous ​ Brand ​ Eliminations ​ ​ ​ ($ thousands) Footwear Portfolio and Other Total Thirteen Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 391,706 ​ $ 267,587 ​ $ (11,813) ​ $ 647,480 Intersegment sales (1) ​ — ​ ​ 11,813 ​ ​ — ​ 11,813 Operating earnings (loss) ​ 27,845 ​ 7,304 ​ (15,078) ​ 20,071 Segment assets ​ 837,228 ​ 924,976 ​ 264,856 ​ 2,027,060 ​ ​ ​ ​ ​ Thirteen Weeks Ended November 2, 2019 ​ ​ ​ ​ Net sales ​ $ 446,583 ​ $ 359,863 ​ $ (14,071) ​ $ 792,375 Intersegment sales (1) ​ — ​ 14,071 ​ — ​ 14,071 Operating earnings (loss) ​ 27,681 ​ 19,398 ​ (3,608) ​ 43,471 Segment assets ​ 973,272 ​ 1,360,445 ​ 137,493 ​ 2,471,210 ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended October 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 916,893 ​ $ 668,447 ​ $ (39,229) ​ $ 1,546,111 Intersegment sales (1) ​ — ​ 39,229 ​ — ​ 39,229 Operating loss ​ (38,651) ​ (352,556) ​ (39,072) ​ (430,279) ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended November 2, 2019 ​ ​ ​ ​ Net sales ​ $ 1,218,589 ​ $ 1,060,488 ​ $ (56,463) ​ $ 2,222,614 Intersegment sales (1) ​ — ​ 56,463 ​ — ​ 56,463 Operating earnings (loss) ​ 70,036 ​ 46,225 ​ (18,117) ​ 98,144 (1) Included in net sales in the Brand Portfolio segment and eliminated in the Eliminations and Other category
Reconciliation of operating earnings (loss) to earnings (loss) before income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ October 31, ​ November 2, ​ October 31, ​ November 2, ($ thousands) 2020 2019 2020 2019 Operating earnings (loss) ​ $ 20,071 ​ $ 43,471 ​ $ (430,279) ​ $ 98,144 Interest expense, net ​ (10,881) ​ (10,559) ​ (33,747) ​ (25,288) Other income, net ​ 5,461 ​ 2,633 ​ 12,718 ​ 7,902 Earnings (loss) before income taxes ​ $ 14,651 ​ $ 35,545 ​ $ (451,308) ​ $ 80,758

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Oct. 31, 2020
INVENTORIES
Schedule of net inventory balances	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($thousands) October 31, 2020 November 2, 2019 February 1, 2020 Raw materials ​ $ 14,907 ​ $ 19,005 ​ $ 18,455 Work-in-process ​ 293 ​ 422 ​ 454 Finished goods ​ 492,165 ​ 625,219 ​ 599,497 Inventories, net ​ $ 507,365 ​ $ 644,646 ​ $ 618,406

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Oct. 31, 2020
GOODWILL AND INTANGIBLE ASSETS
Schedule of goodwill and intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($thousands) October 31, 2020 November 2, 2019 February 1, 2020 Intangible Assets ​ ​ ​ Famous Footwear ​ $ 2,800 ​ $ 2,800 ​ $ 2,800 Brand Portfolio ​ 365,888 ​ 388,288 ​ 388,288 Total intangible assets ​ 368,688 ​ 391,088 ​ 391,088 Accumulated amortization ​ (106,570) ​ (93,518) ​ (96,784) Total intangible assets, net ​ 262,118 ​ 297,570 ​ 294,304 Goodwill ​ ​ ​ Brand Portfolio ​ 4,956 ​ 245,275 ​ 245,275 Total goodwill ​ 4,956 ​ 245,275 ​ 245,275 Goodwill and intangible assets, net ​ $ 267,074 ​ $ 542,845 ​ $ 539,579
Schedule of finite-lived and indefinite lived intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($thousands) October 31, 2020 ​ Estimated Useful Lives ​ ​ Accumulated ​ ​ ​ ​ ​ (In Years) ​ Cost Basis ​ Amortization ​ Impairment ​ Net Carrying Value Trademarks 15 - 40 ​ $ 288,788 ​ $ 99,376 ​ $ — ​ $ 189,412 Trademarks Indefinite ​ 58,100 (1) — ​ 22,400 ​ 35,700 Customer relationships 15 - 16 44,200 7,194 — 37,006 ​ ​ ​ ​ $ 391,088 ​ $ 106,570 ​ $ 22,400 ​ $ 262,118 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, 2019 ​ Estimated Useful Lives ​ ​ Accumulated ​ ​ ​ ​ ​ (In Years) ​ Cost Basis ​ Amortization ​ Impairment ​ Net Carrying Value Trademarks 15 40 ​ $ 288,788 ​ $ 89,360 ​ $ — ​ $ 199,428 Trademarks Indefinite ​ 58,100 (1) — ​ — ​ 58,100 Customer relationships 15 16 44,200 4,158 — 40,042 ​ ​ ​ ​ $ 391,088 ​ $ 93,518 ​ $ — ​ $ 297,570 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ February 1, 2020 ​ Estimated Useful Lives ​ ​ Accumulated ​ ​ ​ ​ ​ (In Years) ​ Cost Basis ​ Amortization ​ Impairment ​ Net Carrying Value Trademarks 15 40 ​ $ 288,788 ​ $ 91,827 ​ $ — ​ $ 196,961 Trademarks Indefinite ​ 58,100 (1) — ​ — ​ 58,100 Customer relationships 15 16 44,200 4,957 — 39,243 ​ ​ ​ ​ $ 391,088 ​ $ 96,784 ​ $ — ​ $ 294,304 (1) Cost basis for indefinite-lived trademarks has been reduced by $60.0 million in impairment charges recognized in 2018 related to the Allen Edmonds tradename.

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Oct. 31, 2020
LEASES
Schedule of components of lease expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ($thousands) ​ October 31, 2020 ​ November 2, 2019 Operating lease expense $ 38,568 $ 47,068 Variable lease expense ​ 12,739 ​ 11,794 Short-term lease expense ​ 1,775 ​ 577 Sublease income ​ (29) ​ (73) Total lease expense ​ $ 53,053 ​ $ 59,366 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ($thousands) ​ October 31, 2020 ​ November 2, 2019 Operating lease expense $ 124,906 $ 139,380 Variable lease expense ​ 36,090 ​ 35,277 Short-term lease expense ​ 3,872 ​ 2,654 Sublease income ​ (76) ​ (220) Total lease expense ​ $ 164,792 ​ $ 177,091
Schedule of supplemental cash flow information related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ($thousands) October 31, 2020 November 2, 2019 Cash paid for lease liabilities ​ $ 99,517 ​ $ 136,497 Cash received from sublease income ​ 76 ​ 220

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	9 Months Ended
	Oct. 31, 2020
SHAREHOLDERS' EQUITY
Schedule of changes in accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension and Derivative ​ ​ ​ ​ ​ ​ ​ Other ​ Financial ​ Accumulated ​ ​ Foreign ​ Postretirement ​ Instrument ​ Other ​ ​ Currency ​ Transactions ​ Transactions ​ Comprehensive ($thousands) ​ Translation ​ (1) ​ (2) ​ (Loss) Income Balance at August 1, 2020 ​ $ (1,390) ​ $ (30,047) ​ $ — ​ $ (31,437) Other comprehensive income before reclassifications ​ ​ 320 ​ ​ — ​ ​ — ​ ​ 320 Reclassifications: ​ ​ ​ ​ ​ ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ ​ — ​ ​ (111) ​ ​ — ​ ​ (111) Tax provision (3) ​ — ​ 44 ​ — ​ 44 Net reclassifications ​ — ​ (67) ​ — ​ (67) Other comprehensive income ​ 320 ​ (67) ​ — ​ 253 Balance at October 31, 2020 ​ $ (1,070) ​ $ (30,114) ​ $ — ​ $ (31,184) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 3, 2019 ​ $ (896) ​ $ (30,199) ​ $ (310) ​ $ (31,405) Other comprehensive income before reclassifications ​ 595 ​ — ​ 66 ​ 661 Reclassifications: ​ ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ 578 ​ (4) ​ 574 Tax (benefit) provision ​ — ​ (149) ​ 1 ​ (148) Net reclassifications ​ — ​ 429 ​ (3) ​ 426 Other comprehensive income ​ 595 ​ 429 ​ 63 ​ 1,087 Balance at November 2, 2019 ​ $ (301) ​ $ (29,770) ​ $ (247) ​ $ (30,318) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at February 1, 2020 ​ $ (580) ​ $ (31,171) ​ $ (92) ​ $ (31,843) Other comprehensive (loss) income before reclassifications ​ (490) ​ — ​ 87 ​ (403) Reclassifications: ​ — ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ 1,393 ​ 6 ​ 1,399 Tax benefit (3) ​ — ​ (336) ​ (1) ​ (337) Net reclassifications ​ — ​ 1,057 ​ 5 ​ 1,062 Other comprehensive (loss) income ​ (490) ​ 1,057 ​ 92 ​ 659 Balance at October 31, 2020 ​ $ (1,070) ​ $ (30,114) ​ $ — ​ $ (31,184) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at February 2, 2019 ​ $ 62 ​ $ (31,055) ​ $ (608) ​ $ (31,601) Other comprehensive (loss) income before reclassifications ​ (363) ​ — ​ 160 ​ (203) Reclassifications: ​ ​ ​ ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ 1,733 ​ 254 ​ 1,987 Tax benefit ​ — ​ (448) ​ (53) ​ (501) Net reclassifications ​ — ​ 1,285 ​ 201 ​ 1,486 Other comprehensive (loss) income ​ (363) ​ 1,285 ​ 361 ​ 1,283 Balance at November 2, 2019 ​ $ (301) ​ $ (29,770) ​ $ (247) ​ $ (30,318) (1) Amounts reclassified are included in other income, net. Refer to Note 13 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. Refer to Note 14 and Note 15 to the condensed consolidated financial statements for additional information related to derivative financial instruments. (3) Includes approximately $0.5 million of expense related to a valuation allowance on net deferred taxes, including those related to other comprehensive income, for the Company’s Canadian subsidiary.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Oct. 31, 2020
SHARE-BASED COMPENSATION
Summary of restricted stock activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ ​ Thirteen Weeks Ended ​ ​ October 31, 2020 ​ ​ ​ November 2, 2019 ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ ​ Total Number ​ ​ Average ​ ​ ​ Total Number ​ ​ Average ​ ​ of Restricted ​ ​ Grant Date ​ ​ ​ of Restricted ​ ​ Grant Date ​ Shares ​ Fair Value ​ Shares ​ Fair Value August 1, 2020 ​ 1,360,602 ​ $ 17.81 ​ August 3, 2019 ​ 1,433,470 ​ $ 27.09 Granted ​ 35,000 ​ ​ 9.73 ​ Granted ​ 11,000 ​ ​ 22.44 Forfeited ​ (875) ​ ​ 14.51 ​ Forfeited ​ (78,000) ​ ​ 30.75 Vested (6,500) ​ 25.18 Vested (10,000) ​ 32.85 October 31, 2020 1,388,227 ​ $ 17.57 ​ November 2, 2019 1,356,470 ​ $ 26.80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ​ ​ ​ Thirty-Nine Weeks Ended ​ October 31, 2020 ​ November 2, 2019 ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ ​ Total Number ​ Average ​ ​ ​ Total Number ​ Average ​ ​ of Restricted ​ Grant Date ​ ​ ​ of Restricted ​ Grant Date ​ ​ Shares ​ Fair Value ​ ​ ​ Shares ​ Fair Value February 1, 2020 1,271,795 ​ $ 26.77 ​ February 2, 2019 1,249,223 ​ $ 29.17 Granted 598,431 ​ 6.14 ​ Granted 461,234 ​ 22.94 Forfeited (68,787) ​ 23.11 ​ Forfeited (135,425) ​ 29.91 Vested (413,212) ​ 28.23 ​ Vested (218,562) ​ 30.25 October 31, 2020 1,388,227 ​ $ 17.57 ​ November 2, 2019 1,356,470 ​ $ 26.80 ​

RETIREMENT AND OTHER BENEFIT _2

RETIREMENT AND OTHER BENEFIT PLANS (Tables)	9 Months Ended
	Oct. 31, 2020
RETIREMENT AND OTHER BENEFIT PLANS
Schedule of components of net periodic benefit income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits ​ Other Postretirement Benefits ​ Thirteen Weeks Ended Thirteen Weeks Ended ($ thousands) ​ October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Service cost ​ $ 2,005 ​ $ 1,805 ​ $ — ​ $ — Interest cost ​ 2,970 ​ 3,707 ​ 10 ​ 15 Expected return on assets ​ (8,330) ​ (6,933) ​ — ​ — Amortization of: ​ ​ ​ ​ ​ ​ Actuarial loss (gain) ​ 240 ​ 977 ​ (27) ​ (27) Prior service income ​ (324) ​ (372) ​ — ​ — Total net periodic benefit income ​ $ (3,439) ​ $ (816) ​ $ (17) ​ $ (12) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits ​ Other Postretirement Benefits ​ Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended ($ thousands) October 31, 2020 ​ November 2, 2019 October 31, 2020 November 2, 2019 Service cost ​ $ 6,412 ​ $ 5,414 ​ $ — ​ $ — Interest cost ​ 9,252 ​ 11,112 ​ 31 ​ 45 Expected return on assets ​ (23,205) ​ (20,792) ​ — ​ — Amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial loss (gain) ​ 2,506 ​ 2,929 ​ (82) ​ (81) Prior service income ​ (1,031) ​ (1,115) ​ — ​ — Settlement cost ​ 222 ​ — ​ — ​ — Curtailment gain ​ (189) ​ — ​ — ​ — Total net periodic benefit income ​ $ (6,033) ​ $ (2,452) ​ $ (51) ​ $ (36)

RISK MANAGEMENT AND DERIVATIV_2

RISK MANAGEMENT AND DERIVATIVES (Tables)	9 Months Ended
	Oct. 31, 2020
RISK MANAGEMENT AND DERIVATIVES
Schedule of net notional amount of all purchase and sale contracts of a foreign currency	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (U.S. $equivalent in thousands) October 31, 2020 November 2, 2019 February 1, 2020 Financial Instruments ​ ​ ​ ​ ​ U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars) ​ $ — ​ $ 3,235 ​ $ 3,963 Euro ​ — ​ 5,763 ​ 1,251 Chinese yuan ​ — ​ 2,905 ​ 2,355 New Taiwanese dollars ​ — ​ — ​ — Other currencies ​ — ​ 139 ​ 69 Total financial instruments ​ $ — ​ $ 12,042 ​ $ 7,638
Schedule of classification and fair values of derivative instruments within condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset Derivatives Liability Derivatives ($ thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Foreign Exchange Forward Contracts October 31, 2020 ​ Prepaid expenses and other current assets ​ — ​ Other accrued expenses ​ — November 2, 2019 ​ Prepaid expenses and other current assets ​ 17 ​ Other accrued expenses ​ 325 February 1, 2020 Prepaid expenses and other current assets ​ — Other accrued expenses ​ 103
Schedule of effect of derivative instruments in cash flow hedging relationships on condensed consolidated statements of earnings (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ($ thousands) ​ October 31, 2020 ​ November 2, 2019 ​ ​ Gain (Loss) ​ ​ ​ ​ ​ ​ ​ Reclassified ​ ​ ​ ​ Loss Reclassified ​ ​ Gain (Loss) ​ from ​ (Loss) Gain ​ from ​ ​ Recognized ​ Accumulated ​ Recognized ​ Accumulated Foreign Exchange Forward Contracts: Income Statement ​ in OCL on ​ OCL into ​ in OCL on ​ OCL into Classification Gains (Losses) – Realized Derivatives Earnings Derivatives Earnings Net sales ​ $ — ​ $ — ​ $ 69 ​ $ 2 Cost of goods sold ​ — ​ — ​ 38 ​ — Selling and administrative expenses ​ — ​ — ​ (33) ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ($ thousands) ​ October 31, 2020 ​ November 2, 2019 ​ ​ ​ Loss ​ Loss ​ ​ ​ ​ ​ Reclassified ​ ​ ​ ​ Reclassified ​ ​ Gain ​ from ​ (Loss) Gain ​ from ​ ​ Recognized ​ Accumulated ​ Recognized ​ Accumulated Foreign Exchange Forward Contracts: Income Statement ​ in OCL on ​ OCL into ​ in OCL on ​ OCL into Classification Gains (Losses) – Realized Derivatives Earnings Derivatives Earnings Net sales ​ $ 23 ​ $ — ​ $ (51) ​ $ (3) Cost of goods sold ​ 60 ​ — ​ 390 ​ (38) Selling and administrative expenses ​ 33 ​ (6) ​ (147) ​ (213)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Oct. 31, 2020
FAIR VALUE MEASUREMENTS
Schedule of assets and liabilities that are measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ($thousands) Total Level 1 Level 2 Level 3 Asset (Liability) ​ ​ ​ ​ ​ ​ ​ ​ October 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents – money market funds ​ $ 82,500 ​ $ 82,500 ​ $ — ​ $ — Non-qualified deferred compensation plan assets ​ 7,741 ​ 7,741 ​ — ​ ​ — Non-qualified deferred compensation plan liabilities ​ (7,741) ​ (7,741) ​ — ​ ​ — Deferred compensation plan liabilities for non-employee directors ​ (813) ​ (813) ​ — ​ ​ — Restricted stock units for non-employee directors ​ (840) ​ (840) ​ — ​ ​ — Mandatory purchase obligation - Blowfish Malibu ​ (30,146) ​ — ​ — ​ ​ (30,146) November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ Non-qualified deferred compensation plan assets ​ $ 8,117 ​ $ 8,117 ​ $ — ​ $ — Non-qualified deferred compensation plan liabilities ​ (8,117) ​ (8,117) ​ — ​ ​ — Deferred compensation plan liabilities for non-employee directors ​ (1,879) ​ (1,879) ​ — ​ ​ — Restricted stock units for non-employee directors ​ (3,282) ​ (3,282) ​ — ​ ​ — Derivative financial instruments, net ​ (308) ​ — ​ (308) ​ ​ — Mandatory purchase obligation - Blowfish Malibu ​ (13,655) ​ — ​ — ​ ​ (13,655) February 1, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents – money market funds ​ $ 18,001 ​ $ 18,001 ​ $ — ​ $ — Non-qualified deferred compensation plan assets ​ 8,004 ​ 8,004 ​ — ​ ​ — Non-qualified deferred compensation plan liabilities ​ (8,004) ​ (8,004) ​ — ​ ​ — Deferred compensation plan liabilities for non-employee directors ​ (1,536) ​ (1,536) ​ — ​ ​ — Restricted stock units for non-employee directors ​ (2,572) ​ (2,572) ​ — ​ ​ — Derivative financial instruments, net ​ (103) ​ — ​ (103) ​ ​ — Mandatory purchase obligation - Blowfish Malibu ​ (15,200) ​ — ​ — ​ ​ (15,200) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of impairment of long-lived assets held and used by asset	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ($thousands) October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Impairment Charges ​ ​ ​ ​ Famous Footwear ​ $ — ​ $ 769 ​ $ 14,896 ​ $ 1,509 Brand Portfolio ​ 398 ​ 1,382 ​ 20,724 ​ 3,596 Total impairment charges ​ $ 398 ​ $ 2,151 ​ $ 35,620 ​ $ 5,105
Schedule of carrying amounts and fair values of other financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, 2020 November 2, 2019 February 1, 2020 ​ ​ Carrying ​ ​ ​ ​ Carrying ​ ​ ​ ​ Carrying ​ ​ ​ ($thousands) Value (1) Fair Value Value (1) Fair Value Value (1) Fair Value Borrowings under revolving credit agreement ​ $ 300,000 ​ $ 300,000 ​ $ 295,000 ​ $ 295,000 ​ $ 275,000 ​ $ 275,000 Long-term debt ​ 200,000 ​ 188,750 ​ 200,000 ​ 206,200 ​ 200,000 ​ 205,000 Total debt ​ $ 500,000 ​ $ 488,750 ​ $ 495,000 ​ $ 501,200 ​ $ 475,000 ​ $ 480,000 (1) Excludes unamortized debt issuance costs and debt discount

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2020	Oct. 31, 2020	Nov. 02, 2019	Mar. 31, 2020	Feb. 01, 2020
Basis of Presentation
Repayments of Lines of Credit		$ 315,500	$ 277,000
Income Tax Benefit, CARES Act		6,600
Capital Contributions		1,500	1,500
Other Noncurrent Liabilities
Basis of Presentation
Deferred employer social security payroll taxes, CARES Act	$ 7,000	7,000
Brand Investment Holding Ltd
Basis of Presentation
Capital Contributions		1,500	1,500
CLT Brand Solutions
Basis of Presentation
Percentage of joint venture					50.00%
Capital Contributions		$ 3,000	$ 3,000
Revolving Credit Facility
Basis of Presentation
Long-term Line of Credit, Total				$ 440,000
Repayments of Lines of Credit	$ 138,500

IMPACT OF NEW ACCOUNTING PRON_3

IMPACT OF NEW ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2020	Oct. 31, 2020	Nov. 02, 2019	Feb. 02, 2020	Feb. 01, 2020
Impact of New Accounting Pronouncements
Retained Earnings (Accumulated Deficit), Ending Balance	$ 128,149	$ 128,149	$ 528,538		$ 523,900
Accounts Receivable, Credit Loss Expense (Reversal)		10,663	$ 728
Selling and Administrative Expenses
Impact of New Accounting Pronouncements
Variable Lease Reversal of Cost, Rent Abatement	$ 1,700	$ 3,700
Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Impact of New Accounting Pronouncements
Retained Earnings (Accumulated Deficit), Ending Balance				$ 2,100
Retained Earnings, (Accumulated Deficit), Tax				$ 400

IMPACT OF NEW ACCOUNTING PRON_4

IMPACT OF NEW ACCOUNTING PRONOUNCEMENTS - Allowance for Expected Credit Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
Impact of New Accounting Pronouncements
Balance, beginning of period	$ 1,813
Provision for expected credit losses	10,663	$ 728
Uncollectible accounts written off, net of recoveries	221
Balance, end of period	15,218
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
Impact of New Accounting Pronouncements
Balance, beginning of period	$ 2,521

REVENUES (Details)

REVENUES (Details) - Loyalty Program - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
Revenues
Contract with Customer, Liability, Increase Due to Points and Material Rights Accrued for Purchases	$ 20.7	$ 24.2
Contract with Customer, Liability, Decrease Due to Expirations and Redemptions	$ 22.5	$ 21.6

REVENUES - Disaggregation of Re

REVENUES - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Revenues
Net sales	$ 647,480	$ 792,375	$ 1,546,111	$ 2,222,614
Famous Footwear
Revenues
Net sales	391,706	446,583	916,893	1,218,589
Brand Portfolio
Revenues
Net sales	267,587	359,863	668,447	1,060,488
Eliminations and Other
Revenues
Net sales	(11,813)	(14,071)	(39,229)	(56,463)
Retail stores
Revenues
Net sales	339,792	442,564	745,934	1,224,019
Retail stores | Famous Footwear
Revenues
Net sales	325,501	401,943	712,761	1,108,200
Retail stores | Brand Portfolio
Revenues
Net sales	14,291	40,621	33,173	115,819
Retail stores | Eliminations and Other
Revenues
Net sales	0	0	0	0
Landed wholesale - e-commerce
Revenues
Net sales	42,001	27,304	91,477	64,182
Landed wholesale - e-commerce | Famous Footwear
Revenues
Net sales	0	0	0	0
Landed wholesale - e-commerce | Brand Portfolio
Revenues
Net sales	42,001	27,304	91,477	64,182
Landed wholesale - e-commerce | Eliminations and Other
Revenues
Net sales	0	0	0	0
Landed wholesale - e-commerce - drop ship
Revenues
Net sales	21,256	58,653	61,235	148,745
Landed wholesale - e-commerce - drop ship | Famous Footwear
Revenues
Net sales	0	0	0	0
Landed wholesale - e-commerce - drop ship | Brand Portfolio
Revenues
Net sales	21,256	58,653	61,235	148,745
Landed wholesale - e-commerce - drop ship | Eliminations and Other
Revenues
Net sales	0	0	0	0
Landed wholesale - other
Revenues
Net sales	124,814	163,075	288,093	492,858
Landed wholesale - other | Famous Footwear
Revenues
Net sales	0	0	0	0
Landed wholesale - other | Brand Portfolio
Revenues
Net sales	136,627	177,146	327,322	549,321
Landed wholesale - other | Eliminations and Other
Revenues
Net sales	(11,813)	(14,071)	(39,229)	(56,463)
First-cost wholesale
Revenues
Net sales	15,368	16,124	39,139	66,826
First-cost wholesale | Famous Footwear
Revenues
Net sales	0	0	0	0
First-cost wholesale | Brand Portfolio
Revenues
Net sales	15,368	16,124	39,139	66,826
First-cost wholesale | Eliminations and Other
Revenues
Net sales	0	0	0	0
First-cost wholesale - e-commerce
Revenues
Net sales	99	354	601	1,528
First-cost wholesale - e-commerce | Famous Footwear
Revenues
Net sales	0	0	0	0
First-cost wholesale - e-commerce | Brand Portfolio
Revenues
Net sales	99	354	601	1,528
First-cost wholesale - e-commerce | Eliminations and Other
Revenues
Net sales	0	0	0	0
E-commerce - Company websites
Revenues
Net sales	101,158	81,181	312,814	212,591
E-commerce - Company websites | Famous Footwear
Revenues
Net sales	66,058	44,489	203,888	109,954
E-commerce - Company websites | Brand Portfolio
Revenues
Net sales	35,100	36,692	108,926	102,637
E-commerce - Company websites | Eliminations and Other
Revenues
Net sales	0	0	0	0
Licensing and royalty
Revenues
Net sales	2,809	2,908	6,463	11,234
Licensing and royalty | Famous Footwear
Revenues
Net sales	0	0	0	0
Licensing and royalty | Brand Portfolio
Revenues
Net sales	2,809	2,908	6,463	11,234
Licensing and royalty | Eliminations and Other
Revenues
Net sales	0	0	0	0
Other
Revenues
Net sales	183	212	355	631
Other | Famous Footwear
Revenues
Net sales	147	151	244	435
Other | Brand Portfolio
Revenues
Net sales	36	61	111	196
Other | Eliminations and Other
Revenues
Net sales	$ 0	$ 0	$ 0	$ 0

REVENUES - Contract Balances (D

REVENUES - Contract Balances (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
REVENUES
Customer allowances and discounts	$ 22,182	$ 26,200	$ 25,762
Loyalty programs liability	14,634	16,405	17,274
Returns reserve	14,889	14,033	15,040
Gift card liability	$ 4,909	$ 5,742	$ 4,794

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Earnings (Loss) Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	24,667	16,667	24,667	16,667
Stock Repurchase Program
Earnings (Loss) Per Share
Treasury Stock, Shares, Acquired (in shares)	0	58,263	2,902,122	1,588,741
2018 Stock Repurchase Program
Earnings (Loss) Per Share
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	2,500,000		2,500,000
2019 Stock Repurchase Program
Earnings (Loss) Per Share
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	5,000,000		5,000,000

EARNINGS (LOSS) PER SHARE - Sch

EARNINGS (LOSS) PER SHARE - Schedule of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
EARNINGS (LOSS) PER SHARE
Net earnings (loss)	$ 14,926	$ 27,761	$ (361,915)	$ 62,073
Net (earnings) loss attributable to noncontrolling interests	(509)	226	(223)	338
Net earnings allocated to participating securities	(512)	(946)	0	(2,042)
Net earnings (loss) attributable to Caleres, Inc. after allocation of earnings to participating securities	$ 13,905	$ 27,041	$ (362,138)	$ 60,369
Denominator for basic earnings (loss) per common share attributable to Caleres, Inc. shareholders (in shares)	36,554	39,258	37,439	39,983
Dilutive effect of share-based awards (in shares)	176	55	0	57
Denominator for diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders (in shares)	36,730	39,313	37,439	40,040
Basic earnings (loss) per common share attributable to Caleres, Inc. shareholders (in dollars per share)	$ 0.38	$ 0.69	$ (9.67)	$ 1.51
Diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders (in dollars per share)	$ 0.38	$ 0.69	$ (9.67)	$ 1.51

RESTRUCTURING AND OTHER SPECI_2

RESTRUCTURING AND OTHER SPECIAL CHARGES (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Oct. 31, 2020	May 02, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Jul. 06, 2018
Restructuring and Other Special Charges
Restructuring Charges, Total	$ 0		$ 969	$ 65,625	$ 2,434
Business Acquisitions, Purchase Obligation	30,146		0	30,146	0	$ 0
Fair Value Adjustments of Mandatory Purchase Obligation				14,946	4,410
Goodwill and Intangible Asset Impairment, Total	0	$ 262,700	0	262,719	0
Goodwill and Intangible Asset Impairment, Net		$ 218,500
Goodwill and Intangible Asset Impairment, Per Diluted Share (in dollars per share)		$ 5.84
Goodwill, Impairment Loss	0	$ 240,300			0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	0	22,400		22,400	0	0
Infinite-lived Trademarks
Restructuring and Other Special Charges
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 22,400		22,400	0	$ 0
Blowfish, LLC
Restructuring and Other Special Charges
Business Acquisitions, Purchase Obligation							$ 9,000
Fair Value Adjustments of Mandatory Purchase Obligation	5,100		3,900	14,900	3,900
Fair Value Adjustments of Mandatory Purchase Obligation, After Tax Basis	$ 3,800		$ 2,900	$ 11,100	$ 2,900
Fair Value Adjustments of Mandatory Purchase Obligation, Per Diluted Share (in dollars per share)	$ 0.10		$ 0.07	$ 0.30	$ 0.07
Vionic
Restructuring and Other Special Charges
Business Combination, Acquisition Related Costs				$ 0
Restructuring and Other Special Charges | Vionic
Restructuring and Other Special Charges
Business Combination, Acquisition Related Costs			$ 1,000		$ 1,900
Business Combination, Acquisition Related Costs, After-Tax Basis			$ 700		$ 1,400
Business Combination, Acquisition Related Costs Per Share, Diluted (in dollars per share)			$ 0.02		$ 0.03
Brand Portfolio | Fergie Brand Exit | Inventory Mark downs
Restructuring and Other Special Charges
Restructuring and Related Cost, Incurred Cost, Per Diluted Share (in dollars per share)		$ 0.03
Restructuring Costs, Total	$ 0	$ 1,600
Restructuring Costs, After-tax Basis		$ 1,200
Brand Portfolio | Carlos Brand Exit
Restructuring and Other Special Charges
Restructuring and Related Cost, Incurred Cost, Per Diluted Share (in dollars per share)					$ 0.03
Restructuring Costs, Total			$ 0	0	$ 1,900
Restructuring Costs, After-tax Basis					$ 1,400
Brand Portfolio | Carlos Brand Exit | Inventory Mark downs
Restructuring and Other Special Charges
Restructuring and Related Cost, Incurred Cost, Per Diluted Share (in dollars per share)					$ 0.02
Restructuring Costs, Total					$ 1,300
Restructuring Costs, After-tax Basis					$ 1,000
Brand Portfolio | Carlos Brand Exit | Restructuring and Other Special Charges
Restructuring and Other Special Charges
Restructuring and Related Cost, Incurred Cost, Per Diluted Share (in dollars per share)					$ 0.01
Restructuring Costs, Total					$ 600
Restructuring Costs, After-tax Basis					400
Brand Portfolio | Restructuring and Other Special Charges | Vionic
Restructuring and Other Special Charges
Business Combination, Acquisition Related Costs					100
Eliminations and Other | Restructuring and Other Special Charges | Vionic
Restructuring and Other Special Charges
Business Combination, Acquisition Related Costs					$ 1,800
COVID-19
Restructuring and Other Special Charges
Restructuring and Related Costs, Incurred Cost, Total	$ 0			99,000
Restructuring and Related Cost, Incurred Cost, After Tax				$ 78,000
Restructuring and Related Cost, Incurred Cost, Per Diluted Share (in dollars per share)				$ 2.08
Restructuring Charges, Total				$ 65,600
COVID-19 | Cost of Goods Sold
Restructuring and Other Special Charges
Inventory Write-down				33,400
COVID-19 | Brand Portfolio
Restructuring and Other Special Charges
Restructuring Charges, Total				48,400
COVID-19 | Brand Portfolio | Cost of Goods Sold
Restructuring and Other Special Charges
Inventory Write-down				27,400
COVID-19 | Famous Footwear
Restructuring and Other Special Charges
Restructuring Charges, Total				16,600
COVID-19 | Famous Footwear | Cost of Goods Sold
Restructuring and Other Special Charges
Inventory Write-down				6,000
COVID-19 | Eliminations and Other
Restructuring and Other Special Charges
Restructuring Charges, Total				$ 600

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Key Financial Measures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Business Segment Information
Net sales	$ 647,480	$ 792,375	$ 1,546,111	$ 2,222,614
Intersegment sales	11,813	14,071	39,229	56,463
Operating earnings (loss)	20,071	43,471	(430,279)	98,144
Segment assets	2,027,060	2,471,210	2,027,060	2,471,210	$ 2,431,707
Famous Footwear
Business Segment Information
Net sales	391,706	446,583	916,893	1,218,589
Operating earnings (loss)	27,845	27,681	(38,651)	70,036
Segment assets	837,228	973,272	837,228	973,272
Brand Portfolio
Business Segment Information
Net sales	267,587	359,863	668,447	1,060,488
Intersegment sales	11,813	14,071	39,229	56,463
Operating earnings (loss)	7,304	19,398	(352,556)	46,225
Segment assets	924,976	1,360,445	924,976	1,360,445
Eliminations and Other
Business Segment Information
Net sales	(11,813)	(14,071)	(39,229)	(56,463)
Operating earnings (loss)	(15,078)	(3,608)	(39,072)	(18,117)
Segment assets	$ 264,856	$ 137,493	$ 264,856	$ 137,493

BUSINESS SEGMENT INFORMATION _2

BUSINESS SEGMENT INFORMATION - Reconciliation of Operating Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
BUSINESS SEGMENT INFORMATION
Operating earnings (loss)	$ 20,071	$ 43,471	$ (430,279)	$ 98,144
Interest expense, net	(10,881)	(10,559)	(33,747)	(25,288)
Other income, net	5,461	2,633	12,718	7,902
Earnings (loss) before income taxes	$ 14,651	$ 35,545	$ (451,308)	$ 80,758

INVENTORIES - Schedule of Inven

INVENTORIES - Schedule of Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
INVENTORIES
Raw materials	$ 14,907	$ 18,455	$ 19,005
Work-in-process	293	454	422
Finished goods	492,165	599,497	625,219
Inventories, net	$ 507,365	$ 618,406	$ 644,646

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Oct. 31, 2020	May 02, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019
Goodwill and Intangible Assets
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 0	$ 22,400		$ 22,400	$ 0	$ 0
Amortization of Intangible Assets, Total	3,300		$ 3,300	$ 9,786	9,790
Goodwill, Impairment Loss	$ 0	240,300			$ 0
Indefinite-lived Via Spiga Trademark
Goodwill and Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance		500
Allen Edmonds
Goodwill and Intangible Assets
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		12,200					$ 60,000
Via Spiga
Goodwill and Intangible Assets
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 10,200

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Amortization Expense Related to Intangible Assets (Details) $ in Millions	Oct. 31, 2020USD ($)
GOODWILL AND INTANGIBLE ASSETS
Remainder of fiscal year	$ 13.1
2021	12.9
2022	12.5
2023	12.2
2024	$ 11.4

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Goodwill and Intangible Assets
Intangible Assets	$ 368,688	$ 391,088	$ 391,088
Accumulated amortization	(106,570)	(96,784)	(93,518)
Total intangible assets, net	262,118	294,304	297,570
Goodwill	4,956	245,275	245,275
Goodwill and intangible assets, net	267,074	539,579	542,845
Famous Footwear
Goodwill and Intangible Assets
Intangible Assets	2,800	2,800	2,800
Brand Portfolio
Goodwill and Intangible Assets
Intangible Assets	365,888	388,288	388,288
Goodwill	$ 4,956	$ 245,275	$ 245,275

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Finite and Infinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands		May 02, 2020	Oct. 31, 2020	May 02, 2020	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Goodwill and Intangible Assets
Finite-Lived Intangible Assets, Accumulated Amortization			$ 106,570		$ 106,570	$ 93,518	$ 96,784
Indefinite-Lived Intangible Assets, Impairment			0	$ 22,400	22,400	0	0
Intangible Assets, Cost Basis			391,088		391,088	391,088	391,088
Intangible Assets, Net Carrying Value			262,118		262,118	297,570	294,304
Infinite-lived Trademarks
Goodwill and Intangible Assets
Indefinite-Lived Intangible Assets, Cost Basis	[1]		58,100		58,100	58,100	58,100
Indefinite-Lived Intangible Assets, Impairment				22,400	22,400	0	0
Indefinite-Lived Intangible Assets, Net Carrying Value			35,700		35,700	58,100	58,100
Indefinite-lived Via Spiga Trademark
Goodwill and Intangible Assets
Indefinite-Lived Intangible Assets, Impairment Period (in years)		2 years
Indefinite-Lived Intangible Assets, Net Carrying Value		$ 500		$ 500
Trademarks
Goodwill and Intangible Assets
Finite-Lived Intangible Assets, Cost Basis			288,788		288,788	288,788	288,788
Finite-Lived Intangible Assets, Accumulated Amortization			99,376		99,376	89,360	91,827
Finite-Lived Intangible Assets, Net Carrying Value			189,412		$ 189,412	$ 199,428	$ 196,961
Trademarks | Minimum
Goodwill and Intangible Assets
Finite-Lived Intangible Assets, Estimated Useful Life (Year)					15 years	15 years	15 years
Trademarks | Maximum
Goodwill and Intangible Assets
Finite-Lived Intangible Assets, Estimated Useful Life (Year)					40 years	40 years	40 years
Customer Relationships
Goodwill and Intangible Assets
Finite-Lived Intangible Assets, Cost Basis			44,200		$ 44,200	$ 44,200	$ 44,200
Finite-Lived Intangible Assets, Accumulated Amortization			7,194		7,194	4,158	4,957
Finite-Lived Intangible Assets, Net Carrying Value			$ 37,006		$ 37,006	$ 40,042	$ 39,243
Customer Relationships | Minimum
Goodwill and Intangible Assets
Finite-Lived Intangible Assets, Estimated Useful Life (Year)					15 years	15 years	15 years
Customer Relationships | Maximum
Goodwill and Intangible Assets
Finite-Lived Intangible Assets, Estimated Useful Life (Year)					16 years	16 years	16 years
[1]	Cost basis for indefinite-lived trademarks has been reduced by $60.0 million in impairment charges recognized in 2018 related to the Allen Edmonds tradename.

LEASES (Details)

LEASES (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020USD ($)	Nov. 02, 2019USD ($)	Oct. 31, 2020USD ($)leaselocation	Nov. 02, 2019USD ($)	Feb. 01, 2020USD ($)
Leases
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			$ 63,100
Operating Lease, Right-of-Use Asset	$ 601,574	$ 704,244	$ 601,574	$ 704,244	$ 695,594
Current Fiscal Year
Leases
Number Of Locations Of Lease Commitments Not Yet Commenced In Current Fiscal Year | location			4
Number Of Anticipated Leases In Current Fiscal Year | lease			1
Operating Lease, Liability, Total	900		$ 900
Operating Lease, Right-of-Use Asset	900		$ 900
Next Fiscal Year
Leases
Number Of Anticipated Leases In Next Fiscal Year | lease			3
Operating Lease, Liability, Total	3,900		$ 3,900
Operating Lease, Right-of-Use Asset	3,900		3,900
Selling and Administrative Expenses
Leases
Variable Lease Reversal of Cost, Rent Abatement	1,700		3,700
COVID-19
Leases
Operating Lease, Impairment Loss			21,100
Impairment of Long-Lived Assets Held-for-use			14,500
Retail Stores
Leases
Asset Impairment Charges, Total	$ 400	$ 2,200	$ 35,600	$ 5,100

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
LEASES
Operating lease expense	$ 38,568	$ 47,068	$ 124,906	$ 139,380
Variable lease expense	12,739	11,794	36,090	35,277
Short-term lease expense	1,775	577	3,872	2,654
Sublease income	(29)	(73)	(76)	(220)
Total lease expense	$ 53,053	$ 59,366	$ 164,792	$ 177,091

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
LEASES
Cash paid for lease liabilities			$ 99,517	$ 136,497
Cash received from sublease income	$ 29	$ 73	$ 76	$ 220

LONG-TERM AND SHORT-TERM FINA_2

LONG-TERM AND SHORT-TERM FINANCING ARRANGEMENTS (Details) - USD ($) $ in Millions	Apr. 14, 2020	Oct. 31, 2020	Mar. 31, 2020	Jan. 18, 2019	Jan. 17, 2019	Jul. 27, 2015
Senior Notes due 2023
Long-term and Short-term Financing Arrangements
Senior Notes, Total						$ 200
Debt Instrument, Interest Rate, Stated Percentage						6.25%
Senior Notes, Repurchase Price, Change of Control		101.00%
Revolving Credit Facility
Long-term and Short-term Financing Arrangements
Long-term Line of Credit, Total			$ 440
Revolving Credit Facility | Fourth Amendment to Fourth Amended and Restated Credit Agreement
Long-term and Short-term Financing Arrangements
Line of Credit Facility, Maximum Borrowing Capacity	$ 600			$ 500	$ 600
Line of Credit Facility, Option to Increase, Amount	150			$ 250
Line of Credit Facility, Additional Maximum Borrowing Capacity	$ 100
Debt Instrument, Increase in Basis Spread on Variable Rate	0.75%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage Increase	0.05%
Line of Credit Facility, Excess Availability, Percent to Trigger Debt Restrictions		10.00%
Line of Credit Facility, Excess Availability to Trigger Debt Restrictions		$ 40
Line of Credit Facility, Fixed Charge Coverage Ratio to Trigger Debt Restrictions		1
Long-term Line of Credit, Total		$ 300
Letters of Credit Outstanding, Amount		11.2
Line of Credit Facility, Remaining Borrowing Capacity		$ 170.6
Revolving Credit Facility | Fourth Amendment to Fourth Amended and Restated Credit Agreement | Minimum
Long-term and Short-term Financing Arrangements
Debt Instrument, Basis Spread on Variable Rate	1.00%

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) $ in Millions	Aug. 01, 2020USD ($)
Canada Revenue Agency
Deferred Tax Assets, Valuation Allowance, Total	$ 0.5

SHAREHOLDERS' EQUITY - Accumula

SHAREHOLDERS' EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Balance			$ (31,843)
Other comprehensive income, net of tax	$ 334	$ 1,074	740	$ 1,249
Balance	(31,184)	(30,318)	(31,184)	(30,318)
Foreign Currency Translation
Balance	(1,390)	(896)	(580)	62
Other comprehensive (loss) income before reclassifications	320	595	(490)	(363)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Tax (benefit) provision	0	0	0	0
Net reclassifications	0	0	0	0
Other comprehensive income, net of tax	320	595	(490)	(363)
Balance	(1,070)	(301)	(1,070)	(301)
Pension and Other Postretirement Transactions
Balance	(30,047)	(30,199)	(31,171)	(31,055)
Other comprehensive (loss) income before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	(111)	578	1,393	1,733
Tax (benefit) provision	44	(149)	(336)	(448)
Net reclassifications	(67)	429	1,057	1,285
Other comprehensive income, net of tax	(67)	429	1,057	1,285
Balance	(30,114)	(29,770)	(30,114)	(29,770)
Derivative Financial Instrument Transactions
Balance	0	(310)	(92)	(608)
Other comprehensive (loss) income before reclassifications	0	66	87	160
Amounts reclassified from accumulated other comprehensive loss	0	(4)	6	254
Tax (benefit) provision	0	1	(1)	(53)
Net reclassifications	0	(3)	5	201
Other comprehensive income, net of tax	0	63	92	361
Balance	0	(247)	0	(247)
Accumulated Other Comprehensive (Loss) Income
Balance	(31,437)	(31,405)	(31,843)	(31,601)
Other comprehensive (loss) income before reclassifications	320	661	(403)	(203)
Amounts reclassified from accumulated other comprehensive loss	(111)	574	1,399	1,987
Tax (benefit) provision	44	(148)	(337)	(501)
Net reclassifications	(67)	426	1,062	1,486
Other comprehensive income, net of tax	253	1,087	659	1,283
Balance	$ (31,184)	$ (30,318)	$ (31,184)	$ (30,318)

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Share-based Compensation
Share-based Payment Arrangement, Expense	$ 2.5	$ 2.4	$ 6.9	$ 8.9
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award (in shares)		69,377
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares)	32,018		449,539	295,466
Restricted Stock
Share-based Compensation
Granted (in shares)	35,000	11,000	598,431	461,234
Granted (in dollars per share)	$ 9.73	$ 22.44	$ 6.14	$ 22.94
Restricted Stock | Share-based Compensation Award, Cliff-vesting, Tranche One
Share-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (in years)			1 year	1 year
Granted (in shares)			12,748	12,914
Restricted Stock | Share-based Compensation Award, Graded-vesting
Share-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (in years)	3 years	3 years	3 years	3 years
Granted (in shares)			585,683	448,320
Performance Share Awards
Share-based Compensation
Granted (in shares)	87,750	0	87,750	180,000
Granted (in dollars per share)	$ 7.47		$ 7.47	$ 23.42
Performance Share Awards | Minimum
Share-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Performance Percentage Earned			0.00%
Performance Share Awards | Maximum
Share-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Performance Percentage Earned			200.00%
Restricted Stock Units ("RSUs")
Share-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (in years)			1 year
Restricted Stock Units ("RSUs") | Non-Employee Directors
Share-based Compensation
Granted (in shares)			118,150	55,679
Granted (in dollars per share)	$ 9.78	$ 23.27	$ 10.01	$ 19.59
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Dividend Equivalent (in shares)	3,618	1,350	16,166	4,023

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Share-based Compensation
Beginning balance (in shares)	1,360,602	1,433,470	1,271,795	1,249,223
Granted (in shares)	35,000	11,000	598,431	461,234
Forfeited (in shares)	(875)	(78,000)	(68,787)	(135,425)
Vested (in shares)	(6,500)	(10,000)	(413,212)	(218,562)
Ending balance (in shares)	1,388,227	1,356,470	1,388,227	1,356,470
Beginning balance (in dollars per share)	$ 17.81	$ 27.09	$ 26.77	$ 29.17
Granted (in dollars per share)	9.73	22.44	6.14	22.94
Forfeited (in dollars per share)	14.51	30.75	23.11	29.91
Vested (in dollars per share)	25.18	32.85	28.23	30.25
Ending balance (in dollars per share)	$ 17.57	$ 26.80	$ 17.57	$ 26.80

RETIREMENT AND OTHER BENEFIT _3

RETIREMENT AND OTHER BENEFIT PLANS - Components of Net Periodic Benefit Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Pension Benefits
Retirement and Other Benefit Plans
Service cost	$ 2,005	$ 1,805	$ 6,412	$ 5,414
Interest cost	2,970	3,707	9,252	11,112
Expected return on assets	(8,330)	(6,933)	(23,205)	(20,792)
Actuarial loss (gain)	240	977	2,506	2,929
Prior service income	(324)	(372)	(1,031)	(1,115)
Settlement cost			222	0
Curtailment gain			(189)	0
Total net periodic benefit income	(3,439)	(816)	(6,033)	(2,452)
Other Postretirement Benefits
Retirement and Other Benefit Plans
Service cost	0	0	0	0
Interest cost	10	15	31	45
Expected return on assets	0	0	0	0
Actuarial loss (gain)	(27)	(27)	(82)	(81)
Prior service income	0	0	0	0
Settlement cost			0	0
Curtailment gain			0	0
Total net periodic benefit income	$ (17)	$ (12)	$ (51)	$ (36)

RISK MANAGEMENT AND DERIVATIV_3

RISK MANAGEMENT AND DERIVATIVES - Net Notional Amount of All Purchase and Sale Contracts of a Foreign Currency (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Foreign Exchange Forward, U.S. dollars
Foreign Currency Fair Value Hedge Derivative
Net notional amount	$ 0	$ 3,963	$ 3,235
Foreign Exchange Forward, Euro
Foreign Currency Fair Value Hedge Derivative
Net notional amount	0	1,251	5,763
Foreign Exchange Forward, Chinese yuan
Foreign Currency Fair Value Hedge Derivative
Net notional amount	0	2,355	2,905
Foreign Exchange Forward, New Taiwanese dollars
Foreign Currency Fair Value Hedge Derivative
Net notional amount	0	0
Foreign Exchange Forward, Other currencies
Foreign Currency Fair Value Hedge Derivative
Net notional amount	0	69	139
Foreign Exchange Forward Contracts
Foreign Currency Fair Value Hedge Derivative
Net notional amount	$ 0	$ 7,638	$ 12,042

RISK MANAGEMENT AND DERIVATIV_4

RISK MANAGEMENT AND DERIVATIVES - Schedule of Fair Values of Derivative Instruments Designated as Hedging Instruments (Details) - Prepaid Expenses and Other Current Assets - Foreign Exchange Forward Contracts - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Derivatives, Fair Value
Asset Derivatives	$ 0	$ 0	$ 17
Liability Derivatives	$ 0	$ 103	$ 325

RISK MANAGEMENT AND DERIVATIV_5

RISK MANAGEMENT AND DERIVATIVES - Effect of Derivative Instruments in Cash Flow Hedging Relationships (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in OCL on Derivatives	$ 0	$ 63	$ 92	$ 361
Foreign Exchange Forward Contracts | Net Sales
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in OCL on Derivatives	0	69	23	(51)
Gain (Loss) Reclassified from Accumulated OCL into Earnings	0	2	0	(3)
Foreign Exchange Forward Contracts | Cost of Goods Sold
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in OCL on Derivatives	0	38	60	390
Gain (Loss) Reclassified from Accumulated OCL into Earnings	0		0	(38)
Foreign Exchange Forward Contracts | Selling and Administrative Expenses
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in OCL on Derivatives	0	(33)	33	(147)
Gain (Loss) Reclassified from Accumulated OCL into Earnings	$ 0	$ 2	$ (6)	$ (213)

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan, Maximum Percentage of Deferral of Base Salary	50.00%		50.00%
Deferred Compensation Plan, Maximum Percentage of Deferral of Annual Incentive Compensation	100.00%		100.00%
Accretion and Remeasurement Adjustments	$ 5.1	$ 3.9	$ 14.9	$ 4.4
Long-lived Assets, Held and Used	$ 657.6	$ 658.1	$ 657.6	$ 658.1
Restricted Stock Units ("RSUs")
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (in years)			1 year

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value Measurements on a recurring basis - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis
Cash equivalents - money market funds	$ 82,500	$ 18,001
Non-qualified deferred compensation plan assets	7,741	8,004	$ 8,117
Non-qualified deferred compensation plan liabilities	(7,741)	(8,004)	(8,117)
Deferred compensation plan liabilities for non-employee directors	(813)	(1,536)	(1,879)
Restricted stock units for non-employee directors	(840)	(2,572)	(3,282)
Mandatory purchase obligation - Blowfish Malibu	(30,146)	(15,200)	(13,655)
Derivative financial instruments, net		(103)	(308)
Fair Value Measurements, Level 1
Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis
Cash equivalents - money market funds	82,500	18,001
Non-qualified deferred compensation plan assets	7,741	8,004	8,117
Non-qualified deferred compensation plan liabilities	(7,741)	(8,004)	(8,117)
Deferred compensation plan liabilities for non-employee directors	(813)	(1,536)	(1,879)
Restricted stock units for non-employee directors	(840)	(2,572)	(3,282)
Mandatory purchase obligation - Blowfish Malibu	0	0	0
Derivative financial instruments, net		0	0
Fair Value Measurements, Level 2
Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis
Cash equivalents - money market funds	0	0
Non-qualified deferred compensation plan assets	0	0	0
Non-qualified deferred compensation plan liabilities	0	0	0
Deferred compensation plan liabilities for non-employee directors	0	0	0
Restricted stock units for non-employee directors	0	0	0
Mandatory purchase obligation - Blowfish Malibu	0	0	0
Derivative financial instruments, net		(103)	(308)
Fair Value Measurements, Level 3
Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis
Cash equivalents - money market funds	0	0
Non-qualified deferred compensation plan assets	0	0	0
Non-qualified deferred compensation plan liabilities	0	0	0
Deferred compensation plan liabilities for non-employee directors	0	0	0
Restricted stock units for non-employee directors	0	0	0
Mandatory purchase obligation - Blowfish Malibu	$ (30,146)	(15,200)	(13,655)
Derivative financial instruments, net		$ 0	$ 0

FAIR VALUE MEASUREMENTS - Impai

FAIR VALUE MEASUREMENTS - Impairment Charges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis
Impairment charges for property, equipment, and lease right-of-use assets	$ 398	$ 2,151	$ 35,620	$ 5,105
Famous Footwear | Selling and Administrative Expenses
Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis
Impairment charges for property, equipment, and lease right-of-use assets	0	769	14,896	1,509
Brand Portfolio | Selling and Administrative Expenses
Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis
Impairment charges for property, equipment, and lease right-of-use assets	$ 398	$ 1,382	$ 20,724	$ 3,596

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Carrying Value
Fair Value of Financial Instruments
Borrowings under revolving credit agreement	[1]	$ 300,000	$ 275,000	$ 295,000
Long-term debt	[1]	200,000	200,000	200,000
Total debt	[1]	500,000	475,000	495,000
Fair Value
Fair Value of Financial Instruments
Borrowings under revolving credit agreement		300,000	275,000	295,000
Long-term debt		188,750	205,000	206,200
Total debt		$ 488,750	$ 480,000	$ 501,200
[1]	Excludes unamortized debt issuance costs and debt discount

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
INCOME TAXES
Effective Income Tax Rate Reconciliation, Percent, Total	(1.90%)	21.90%	19.80%	23.10%
Effective Income Tax Rate, Before Discrete Benefits of Provisions			23.50%
Deferred Income Taxes and Tax Credits			$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - Redfield Site $ in Millions	9 Months Ended
	Oct. 31, 2020USD ($)
Commitments and Contingencies
Cumulative Environmental Remediation Expense	$ 31.8
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	9.7
Reserve For Anticipated Future Remediation Activities For Off Site Remediation	5
Reserve For Anticipated Future Remediation Activities For On Site Remediation	$ 4.7
Accrual for Environmental Loss Contingencies, Discount Rate	4.80%
Accrual for Environmental Loss Contingencies, Gross, Total	$ 13.9
Accrual for Environmental Loss Contingencies, Undiscounted, Next Twelve Months	0.6
Accrual for Environmental Loss Contingencies, Undiscounted, Second Year	0.1
Accrual for Environmental Loss Contingencies, Undiscounted, Third Year	0.1
Accrual for Environmental Loss Contingencies, Undiscounted, Fourth Year	0.1
Accrual for Environmental Loss Contingencies, Undiscounted, Fifth Year	0.1
Accrual for Environmental Loss Contingencies, Undiscounted, after Fifth Year	12.9
Other Noncurrent Liabilities
Commitments and Contingencies
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	8.9
Other Accrued Expenses
Commitments and Contingencies
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	$ 0.8

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Subsequent Event - Naturalizer Retail Stores Closing $ in Millions	Nov. 19, 2020USD ($)
Minimum
Subsequent Event
Expected pre-tax charges	$ 20
Annual pre-tax benefit	10
Maximum
Subsequent Event
Expected pre-tax charges	25
Annual pre-tax benefit	$ 12