Brown Shoe posts loss - Puget Sound Business Journal (Seattle):

http://cranetechnews.com/2008/11/29/crane-teachers-vs-crane-students-2/
The shoe company reported a lossof $7.6 million, or 18 centzs per share, for the quarter ended May 2, compared to a profitf of $7.2 million a year ago. Resultw included $1.7 million for information technology costs. Brow n recorded net sales of $538.7 million, down nearlyh 3 percent from $554.5 million a year earlier. Analystes had anticipated a loss of 27 cents per sharweand $539.3 million in revenue. “As anticipated, the consumed spending environment remained challenging in the first which negatively impacted our salesand profitability,” Chairman and Chiefd Executive Ron Fromm said in a statement.
“We have decreasede our Famous Footwear store opening plan for 2009 and we now expectt net openings to be flat to down 15 in We are planning net store closings of approximatelt 30 stores per year in 2010and St. Louis-based Brown Shoe Co. Inc. (NYSE: BWS) owns and marketws shoes underthe LifeStride, Connie, Buster Brown and other and operates the Famous Footwear and Naturalizer retail The company operates a desigjn studio and showroom in N.Y., and global offices in Italy and Brazil. The company has aboutf 13,000 employees worldwide.