Famous footwear increases communication & effectively manages its lease portfolio

MRI Software is exactly the partner and the solution we needed to break down information silos and ensure effective administration of our entire real estate portfolio.

– Fred Busch, Real Estate Management Supervisor

• 1,200 locations
• $2.8M annual revenue
• 2,300 employees

The struggle was real…

No one can tell you that better than Famous Footwear. The retail giant (under the umbrella of Caleres) struggled with manual document management. Talk about inflexible, frustrating, and limited. It’s a real estate manager’s worst nightmare.

In addition, reporting was barely workable. Without consistent key metrics to review, the Famous Footwear real estate management team couldn’t make efficient business decisions. They knew they needed to find a solution that could handle their 21st century problems.

Approximately $13,000 saved per year

500 hours saved per year

Why MRI Software

MRI’s lease management solution helped break down silos between the real estate and finance teams to make one happy Famous Footwear family. Finance enjoys endless reporting flexibility, simplified CAM increases, and rent calculations. The real estate team benefited from the unlimited number of custom fields available and the built-in document management features.