Footwear retailer Brown Shoe said it enjoyed improved second-quarter results and said it will implement a strategic plan to boost its earnings.

Second-quarter sales were up 5%, the company said, while net earnings totalled US$15.19m compared to $4.08m previously.

For the first half of 2006, net sales grew 7.55% and net earnings were $25.22m compared to $7.86m the year before.

"We are pleased to report a second quarter marked with continued progress toward achieving our key strategic goals," stated Brown Shoe chairman and CEO Ron Fromm.

Key elements of the company's plan include restructuring administrative and support areas; redesigning logistics and distribution platforms; reorganising to eliminate operational redundancies; realigning strategic priorities; and refining the supply-chain process and enhancing inventory utilisation.
For the full year fiscal 2006, the company estimates diluted earnings per share in the range of $2.08 to $2.17, inclusive of $0.15 per diluted share for stock option expense.