Finance & Business World

Brown Shoe Co. Inc. reported a second-quarter profit of $5.3 million, compared with a loss of $4.2 million in the prior-year period.

Net sales for the 13 weeks ended July 31 were $585.8 million, up nearly 15 percent from $511.6 million a year earlier.

Chairman and Chief Executive Ron Fromm said the company expects strong back-to-school sales, saying that one in 10 American families shop at Famous Footwear during this time.

"We plan to drive increased market share gains with a powerful assortment of brands and traffic-generating TV, print and digital-marketing campaigns," he said in Wednesday's earnings release easy to get unsecured personal loans. "Our portfolio of wholesale brands is equally poised for growth, as evidenced by our strong backlog for fall and holiday shipments."

St. Louis-based Brown Shoe Co. Inc. (NYSE: BWS) owns and markets shoes under the Naturalizer, LifeStride, Connie, Buster Brown and other brands; and operates the Famous Footwear and Naturalizer retail stores. Brown Shoe reported sales of $2.2 billion in 2009.

Source