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Brown Shoe Provides Upside Surprise In Fiscal Q1 Report
Brown Shoe Company said results exceeded expectations in its fiscal first quarter ended May 2 thanks to strong sales of canvas, boot and sandal sales at Famous Footwear, growth at its Naturalizer, Striderite, Bzees and other Healthy Living brands and a less than expected hit to sales and margins from delays at West Coast ports...(5/27/2015)
Super.natural to Exit North America
Super.natural LLC will cease the wholesale distribution of its apparel in North America after just two seasons, The B.O.S.S. Report has learned...
U.S. Marathons Hit Another All-Time High
According to the Running USA 2014 Marathon Report, 2014 marked yet another record year for marathon finishers. The number of finishers in the U.S. reached 550,637, up from 541,000 in 2013. There were also a record 1,200+ marathon events in 2014...
Foot Locker Bangs Out Record Q1
Marking the most profitable quarter in its 100-plus years as a public company, Foot Locker Inc. reported first-quarter earnings jumped 13.6 percent to $184 million, or $1.29 a share, easily topping Wall Street's consensus estimate of $1.23 a share...(5/22/2015)
Longtime Perry Ellis CEO George Feldenkreis to Retire
George Feldenkreis, who founded Perry Ellis International in 1967, will step down as his company’s chief executive officer in January 2016. His son, Oscar, will take over day-to-day operations...(5/22/2015)
Shoes.com Raises $45 Million in Private Placement
Shoes.com raised $45 million from a non-brokered private placement of common shares. The proceeds were raised principally from existing shareholders, at a valuation of $275 million. The offering was significantly oversubscribed...(5/22/2015)
Cerberus Funds to Divest Remington Outdoor to Placate State Pension Funds
After more than two years of failing to find a buyer for Remington Outdoor Company, Cerberus Capital Management told investors in its private equity funds that it had found a way for them to sell their stakes in the firearms company, according to a report by The New York Times...(5/20/2015)
Shoe Carnival Q1 Shows Robust Spring
With a strong response to spring offerings, Shoe Carnival Inc. reported earnings rose 19.5 percent in the first quarter, to $10.4 million, or 52 cents a share. Comparable store sales increased 3.0 percent. The consistent performance across all departments was led by canvas footwear but women's boots and sandals also "both performed very well.”..