Footwear retailer Brown Shoe Co. (BWS +17.5%) is recovering from yesterday's 14% decline, which...

|By:, SA News Editor

Footwear retailer Brown Shoe Co. (BWS +17.5%) is recovering from yesterday's 14% decline, which followed a weak Q2 report. With 23.7% of Brown Shoe's float short as of Aug. 15, short-covering is likely having an impact. As might enthusiasm over the $55M sale of Brown Shoe's AND 1 subsidiary, which will reduce the company's huge debt burden.