Famous Footwear January Comps Jump 10.8%

Brown Shoe Company, Inc. announced that retail sales for Famous Footwear were $64.0 million for the four-week January period ended January 29, 2005, compared to $55.5 million for the comparable period ended January 31, 2004. Same-store sales for the period increased 10.8%.

Fourth-quarter sales for Famous Footwear for the 13-week period reached $263.1 million, compared to $242.0 million last year, and were up 4.1% for the quarter on a same-store basis. Sales for the 52-week fiscal year were $1.12 billion, compared to $1.07 billion for fiscal 2003. Same-store sales for the year were up 0.8%.

“January, while a low-volume clearance month, was good for Famous Footwear,” said Brown Shoe Chairman and CEO Ron Fromm. “We saw strength across all genders, margins were in-line with expectations, and the momentum continued in athletics.”

   MONTH, QUARTER AND YEAR-TO-DATE SALES (millions)

                                                 Same-
                                                 Store
                       FY 2004   FY 2003   %      %       Stores Open
                      (1/29/05) (1/31/04)Change Change  1/29/05 vs. 1/31/04
   Jan. - Famous
    Footwear          $   64.0  $   55.5  15.3   10.8    919         893
   4th Q - Famous
    Footwear             263.1     242.0   8.7    4.1
   Y-T-D - Famous
    Footwear           1,116.7   1,073.6   4.0    0.8

   Jan. - Naturalizer $   10.9  $   10.9    --   (3.3)   375         378
   4th Q - Naturalizer    48.1      46.9   2.5   (2.0)
   Y-T-D - Naturalizer   191.6     189.2   1.3   (1.7)