Brown Shoe Company news and archive

Brown Shoe Company Q1 net sales up 1.9 percent

For the first quarter, Brown Shoe Company reported net sales of 602.3 million dollars up 1.9 percent versus first quarter 2014 net sales of 591.2 million dollars. Net earnings of 19.3 million dollars, or 0.44 dollars per diluted share, were up 24.8 percent against 15.4 million dollars, or 0.35 dollars per diluted share. Gross margin of 41.3...

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Brown Shoe Company net sale rise 2.3 percent in FY14

Brown Shoe Company reported net sales of 615.4 million dollars up 2.6 percent for the fourth quarter and net sales of 2,571.7 million dollars, up 2.3 percent for the full year. Adjusted net earnings of 9 million dollars, or 0.20 dollars per diluted share, were up 45.5 percent in the fourth quarter. Gross margin was flat year-over-year, at 40.2...

People

Brown Shoe Company brings Lori Greeley as Director on its Board

Brown Shoe Company has added Lori Greeley to its Board of Directors. Greeley was most recently Chief Executive Officer for Victoria’s Secret Stores. “Adding Lori -- a well-known and highly-respected leader in retail -- to our board of directors gives us the benefit of her more than 20 years of experience,” said Diane Sullivan, CEO, President and...

People

Kenneth Hannah appointed CFO at Brown Shoe Company

Brown Shoe Company has announced appointment of Kenneth Hannah as Senior Vice President and Chief Financial Officer of the company, replacing Russ Hammer as of February 16, 2015. “We’re excited to have a dynamic leader like Ken Hannah join us as CFO,” said Diane Sullivan, CEO, President and Chairman of Brown Shoe Company, adding, “I’d also like...

Business

Brown Shoe Company Q3 net sales up 3.8 percent

REPORT_ Brown Shoe Company reported third quarter 2014 financial results, with net sales of 729.3 million dollars up 3.8 percent versus third quarter 2013 net sales of 702.8 million dollars. Third quarter 2014 net earnings of 33.1 million dollars, or 0.75 dollars per diluted share, were up 21.2 percent compared to net earnings of 27.3 million...

Design

Brown Shoe Company infuses funds in Jack Erwin

Brown Shoe Company has pumped investments into Jack Erwin, a men’s brand that offers high-quality, handmademen’s shoes directly to consumers. “We looked at several companies and Jack Erwin really stood out to us as a great incubator brand with high growth potential and an interesting, new business model,” said Diane Sullivan, CEO, President and...

Design

Brown Shoe Company reports marginal rise in Q1 net sales

REPORT_ Brown Shoe Company reported first quarter 2014 financial results,with net sales of 591.2 million dollars up slightly versus first quarter 2013 net sales of 588.7 million dollars. First quarter 2014 net earnings of 15.4 million dollars, or 0.35 dollars per diluted share, were up compared to a net loss of 10.8 million dollars, or 0.26...

Fashion

Brown Shoe Company net sales up 1.4 percent in 2013

REPORT_ Brown Shoe Company has reported that its full year 2013 net sales were 2,513.1 million dollars, up 1.4 percent compared to 2,477.8 million dollars in 2012. Net earnings for 2013 were 38.1 million dollars, or 0.88 dollars per diluted share, versus 27.5 million dollars, or 0.64 dollars per diluted share, in 2012. For the fourth quarter,...

Design

Brown Shoe Company Q3 net sales up 1 percent

REPORT_ For the third quarter Brown Shoe Company net sales were up 1 percent and net earnings were up 12.4 percent. Gross profit margin for the third quarter of 2013 declined 50 basis points to 39.6 percent from 40.1 percent in 2012. Consolidated gross profit was down 0.4 percent in the third quarter, and gross margin of 39.6 percent declined by...

Design

Brown Shoe Company Q4 net sales up 1.8 percent

Brown Shoe Company’s net sales for the fourth quarter were up by 1.8 percent. Net sales for the full year rose 0.6 percent. Same-store-sales were up 4.4 percent in fourth quarter. For the full year same-store-sales were up 4.5 percent. The company expects net sales of 2013 to be in the range of 2.55 dollars to 2.58 billion dollars. Brown Shoe...