USA: Brown Shoe Kicks Up Cost-Cutting Plan
Footwear retailer Brown Shoe Co Inc said that same-store sales fell 18.6 per cent in September. The month's total sales fell 14.2 per cent to $86.7 million, hit by a sharp downturn in consumer buying. This means that same-store sales for the first 35 weeks of the fiscal year fell 6.4 per cent.