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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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