Brown Shoe news and archive

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 Q2 net sales up 2.3 percent

REPORT_For the second quarter Brown Shoe Company net sales were up 2.3 percent. Net earnings were up 17.6 percent.Gross margin for the second quarter of 2014 was 40.8 percent compared to 41 percent in the prior year. Despite a continued, industry-wide decline in traffic patterns and an overall tough retail environment, the company was able to...

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 Q1 gross profit hits 40.8 percent

REPORT_ For the first quarter of 2013, Brown Shoe Company reported net sales of 588.7 million dollars compared to first quarter of 2012 net sales of 598.2 million dollars. Gross profit margin for the first quarter of 2013 improved to 40.8 percent from 39.2 percent in 2012. On a GAAP basis, the company reported a net loss of 10.8 million dollars,...

Fashion

Brown Shoe sells Avia and Nevados brands at 74 million

Brown Shoe Co. has announced the sale of its Avia and Nevados brands to Galaxy Brand Holdings Inc. for 74 million dollars. The shoe retailer will however retain Ryka and other brands, and said it plans to use the proceeds from the sale to pay down debt. “Although we were not actively marketing Avia for sale, it’s a great brand with a strong...

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...

Design

Brown Shoe Company Q3 net sales up 2.6 percent

Brown Shoe Company reported its third quarter 2012 financial results, with net sales of 732.2 million dollars versus third quarter 2011 net sales of 713.8 million dollars. Results for both the third quarter of 2012 and 2011 included sales of 15.6 million dollars and 25.8 million dollars, respectively, from brands and businesses the company has...

Design

Brown Shoe Company Q2 net sales fall by 3.4 percent

Brown Shoe Company reported its second quarter 2012 financial results with net sales of 599.3 million dollars versus second quarter 2011 net sales of 620.6 million dollars, a decrease of 3.4 percent. Results for both the second quarter of 2012 and 2011 included sales of 8.5 million dollars and 25.8 million dollars, respectively, from brands and...

Design

Brown Shoe reports Q1 net sales of $626.4

Brown Shoe reported its first quarter 2012 financial results. Net sales are $626.4 million. Net earnings are $1.7 million, or $0.04 per diluted share. Gross profit margin for the first quarter of 2012 is 38.2 per cent. The good weather, an early Easter helped Brown Shoe to a great start in 2012. For the first quarter 2012 financial results show...