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“Our second quarter results reflect the health of both our retail and wholesale businesses, as we continue to benefit from — and expand on — our portfolio realignment efforts,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “At Famous Footwear, our focus...

The National Retail Federation has estimated that back-to-school shopping will increase about 5 percent over last year, with parents spending an average of $670 per child, including clothes, shoes, school supplies and electronics. The average for elementary students is about $100 less than for students...

Mike MacDonald, President and Chief Executive Officer stated, "In the quarter we accomplished our goal of achieving improvement in the underlying sales trends and eliminating any inventory imbalances. All major categories recorded improved sales performance in the second quarter compared to the first quarter. In...

Financial terms of the private transaction were not disclosed although sources told the New York Times that Bain's purchase of 50 percent of the company valued Toms at about $625 million, including debt. The deal had largely attracted private equity but some strategic players as...

Penske Media Corporation, the parent of Variety, has acquired the U.S.-based trade publishing assets of Conde Nast’s Fairchild Fashion Media unit, the parent company of business-to-business brands Women’s Wear Daily, Footwear News, Beauty Inc, M and the Fairchild Summits....