USA: Shoe Firm's Profit Falls 37 Per Cent
St Louis maker of branded and private label shoes, Brown Shoe Company, has reported that its fiscal second-quarter profit fell 37 per cent. The company had a net income of $5.8m compared with a year-earlier net income of $9.2m. Sales climbed 5.5 per cent to $442.1m from $419.2m. The company says its results in the last quarter were in line with previous forecasts.
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