Sales fall at Brown Shoe
In spite of the many retail reports touting a positive start to holiday season spending, retailers financial results appear to be telling a very different story as far as third quarter results are concerned. Footwear wholesaler and retailer Brown Shoe Company, Inc., which runs the Famous Footwear chain, has reported a 4.6% drop in net sales to $645.5 million for the quarter, down from $676.8 million in the third quarter of fiscal 2006/