** Dr Scholl's footwear owner Caleres' CAL.N shares up 4% at $17.17

** CAL to buy Stuart Weitzman brand from Coach parent Tapestry TPR.N for $105 million in cash

** TPR says the deal is expected to close in the summer of 2025, with Caleres aiming to fund it through the company's revolving credit agreement

** TPR's Stuart Weitzman struggled during the holiday quarter due to weak luxury spending in North America and China

** CAL fell 24.6% in 2024 and has risen 26.3% in 2025

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))