Brown Shoe reports 5% sales increase in Q2
US-based footwear firm Brown Shoe Company, Inc. has reported improved results for the second quarter ended July 29.
Net sales increased 5% to $579.3 million compared with $551.5 in the second quarter of 2005. Net earnings were $15.2 million compared with $4.1 million in the year-ago period.
Total sales at Famous Footwear, the company's 963-store family footwear chain, rose 2.2% to $292.7 million for the quarter compared with $286.2 million for the same 13-week period last year. All categories of footwear, except athletics, were positive for the quarter with the women's junior category performing particularly well.
For the first half of 2006, net sales increased by 7.5% to $1.154 billion compared with $1.074 billion in the first half last year. Net earnings were $25.2 million compared with $7.9 million in the first half of 2005.
Brown Shoe is a $2.3 billion footwear company with global operations. The company operates the Famous Footwear chain and also operates in excess of 300 specialty retail stores in the
