shoesstar
Brown Shoe Co Inc fights falling sales of preventive shoes
30.08.2011 2341

Brown Shoe Co Inc fights falling sales of preventive shoes

Brown Shoe Co Inc, one of the largest American companies, considers this year to be the most difficult one - it is struggling with rising prices for shoes and falling sales of preventive shoes. The company is discussing an increase in retail prices due to wholesale growth. While many sellers have already taken this step, Brown Shoe Co Inc has long tried to find a different way to compensate for lost profits.

The company also announced the sale of one of its AND1 brands (basketball shoes) to Galaxy International. The amount of $ 55 million received from the transaction will be used to pay debts.

The company expects to end the year with a stock price of 85-97 cents per share. While analysts rate it higher at $ 1,15 per share. Turnover grew by 7,2% to $ 628,1 million. According to Reuters.

One of the largest American companies, Brown Shoe Co Inc, considers this year to be the most difficult one - it is struggling with rising prices for shoes and falling sales of preventive shoes.
5
1
Rating
Midinblu

Latest News

Lego and Adidas ZX 8000 collaboration released

The sneaker, inspired by Lego bricks, will be out this week. The imminent exit of the collaboration with Lego Adidas announced on his blog on Instagram.
23.09.2020 61

In terms of Paris Fashion Week - 19 fashion shows

Paris Fashion Week runs from 28 September to 6 October. The event plan includes 19 fashion shows, including Dior, Hermès, Chanel and Louis Vuitton, as well as a number of presentations, despite the renewed increase in ...
21.09.2020 231

Wildberries entered the Ukrainian market

Online retailer Wildberries has started selling in Ukraine. The order of goods is carried out in the wildberries.ua online store, as well as through the iOS mobile application. In the near future, the possibility of ordering through ...
21.09.2020 211

Three new mules will be released in collaboration between UGG and Molly Goddard

British fashion designer Molly Goddard announced her collaboration with UGG during the presentation of her Spring 2021 collection at London Fashion Week. Colorful and innovative, the shoe collection combines UGG heritage with Molly Goddard's flamboyant playful style, ...
21.09.2020 194

The first MICAM day in Milan is a reflection of the situation on the global fashion market

The largest international exhibition of footwear MICAM, which will run from 20 to 23 September, has started in Milan. This exhibition is the 90th in a row, and the first in the history of the event, which is held in such a truncated format.
21.09.2020 466
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning