Brown Shoe posts loss - Washington Business Journal:

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The shoe company reported a lossof $7.6 million, or 18 cent per share, for the quarter ende d May 2, compared to a profity of $7.2 million a year ago. Results includedc $1.7 million for informatiojn technology costs. Brown recorded net salexs of $538.7 million, down nearlyg 3 percent from $554.5 million a year Analysts had anticipated a loss of 27 centsx per shareand $539.3 million in “As anticipated, the consumer spending environment remained challengintg in the first quarter, which negatively impacted our sales and Chairman and Chief Executive Ron Fromm said in a “We have decreased our Famou Footwear store opening plan for 2009 and we now expectf net openings to be flat to down 15 in We are planning net store closings of approximately 30 storesw per year in 2010 and 2011.
” St. Louis-based Brown Shoe Co. Inc. BWS) owns and markets shoes undefrthe Naturalizer, LifeStride, Connie, Buster Brown and otherf brands; and operates the Famous Footwear and Naturalizetr retail stores. The company operates a design studio and showroomkin Manhattan, N.Y., and globa offices in China, Italy and The company has about 13,00 employees worldwide.