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Brown Shoe to sell another brand as profit shrinks

23/11/2012

US-based footwear group Brown Shoe Co said it will not run any promotions in the US “holiday season” – the trading period before Christmas – and will sell another of its brands this quarter. The news comes after the retailer reported third-quarter profits of $24.3 million - down from $33.7 million a year ago. Despite the dip, some of its brands...

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