Brown Shoe Reports First Quarter Profits

Brown Shoe reported a $15.4 million profit in the first quarter this year, compared with a $10.8 million loss in the first quarter of 2013. Net sales increased 0.4 percent from $588.7 million in the first quarter of 2013 to $591.2 million.

Brown Shoe

Diane Sullivan, the CEO, president and chairman, attributed the climb to a return to more seasonable weather at the end of April, which led to an increase in the number of sandals purchased. The Famous Footwear division of Brown Shoe reported first quarter sales of $354.6 million, which was up by 0.7 percent from last year.

Read more from The St. Louis Business Journal

 


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