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Sales off at Brown Shoe with runners mired in snow

  • Brown Shoe Company (BWS) reports a 1.8% dip in same-store sales during FQ4 at its Famous Footwear chain. Boot sales were strong while demand for running shoes suffered from the heavy mix of winter weather.
  • The company's gross profit rate improved 20 bps to 40.2% during the period.
  • Inventory ended the quarter 8.7% higher Y/Y to $504M.
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