Brown Shoe narrows loss; raises outlook
St. Louis, Mo. -- Brown Shoe Co Inc. on Tuesday posted a smaller second-quarter loss, helped by cost-cutting and higher sales at its Famous Footwear stores. The retailer also raised the lower end of its full-year profit outlook.
Brown Shoe’s quarterly loss narrowed to $2.5 million, compared with a loss of $4.6 million a year earlier.
Revenue decreased to $599.3 million. Same-store sales rose 3.9%.