×
2 095
Fashion Jobs
SHISEIDO
Bareminerals Account Manager - Hof Bluewater (35 Hours)
Permanent · Dartford
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols, Edinburgh
Permanent · Edinburgh
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
ESTÉE LAUDER
Multi Brand - Multi Brand Business Manager - House of Fraser, Rushden Lakes - 37.5 Hours - Full-Time - Permanent
Permanent · Rushden
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 36 Hours - Full Time - Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Leeds, Trinity - Boots - 26 Hours - Part-Time, Permanent
Permanent · Leeds
ESTÉE LAUDER
Clinique - Consultant - Halifax, Harveys - 15 Hours - Part-Time, Permanent
Permanent · Halifax
ESTÉE LAUDER
Aveda - Account Manager - House of Fraser-White City, London - 30 Hours - Full Time, Permanent
Permanent · London
FOREO
E-Key Account Manager
Permanent · London
FOREO
Marketing Manager
Permanent · London
VF INTERNATIONAL
Warehouse Trainer And Instructor
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Account Manager Kidswear
Permanent · LONDON
THE KOOPLES
Regional Manager London
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Digital Marketing And e Commerce Manager
Permanent · LONDON
ESTÉE LAUDER
Estee Lauder - Consumer Campaign Email Marketing Executive
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
NEW BALANCE
Marketing Director, Emea
Permanent · Warrington
EASTPAK
Credit Controller - French Speaking - Eastpak
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - German Speaking - The North Face
Permanent · CALVERTON
CONFIDENTIAL
Regional Manager London
Permanent · LONDON
ESTÉE LAUDER
la Mer - Business Manager - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
VF INTERNATIONAL
dc Inventory Control Supervisor
Permanent · COALVILLE
Advertisements
By
Reuters
Published
Mar 15, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brown Shoe Q4 profit misses, wholesale division drags

By
Reuters
Published
Mar 15, 2011

March 15 - Brown Shoe Co reported a lower-than-expected quarterly profit as costs rose and its wholesale business underperformed, sending its shares down 23.5 percent in early trading.

Brown Shoe
Via Spiga, one of Brown Shoe's brands

A rise in delivery costs and disruption in delivery timings at its wholesale segment -- which accounted for 29 percent of sales in the quarter -- pushed gross profit rates down to 26.6 percent during the quarter from 34.6 percent last year.

The St. Louis-based company, whose brands include Famous Footwear and Naturalizer, earned $3.4 million, or 8 cents per diluted share. Analysts expected a profit of 15 cents a share, according to Thomson Reuters I/B/E/S.

Sales rose 6.8 percent to $604.5 million, missing estimates.

The company expects to earn between $1.37-$1.47 a share in 2011, while analysts were expecting a profit of $1.42 a share.

Separately, footwear retailer DSW Inc also missed quarterly earnings estimates.

Brown Shoe shares fell 23.5 percent to $10.95 in early trading on the New York Stock Exchange on Tuesday.

(Reporting by Nivedita Bhattacharjee; Editing by Sriraj Kalluvila)

© Thomson Reuters 2021 All rights reserved.