DSW Slashes Guidance on Lousy Spring

Blaming the weather and competitive discounting, DSW Inc. reported first-quarter earnings that fell well short of analysts’ estimates while slashing its guidance for the year. Women's shoes, which excludes boots and sandals, comped down 9 perce

Athletic Canvas Powers Famous Footwear’s Q1 Pickup

Aided by a strong pickup in April at Famous Footwear and strong performance by its wholesale brands, Brown Shoe Inc. reported a better-than-planned first quarter and slightly raised its outlook for the year. The strength in canvas was said to be coming fr

Belle International Sees China Slowdown

China's biggest shoe retailer Belle International Holdings Ltd reported net profit rose 1 percent to RMB 5.16 billion ($827 million) for the 14 months ended Feb. 28. Its CEO said the macroeconomic outlook for the next two years is not optimistic.”…

Foot Locker Profit Jumps 17 Percent

Foot Locker, Inc. reported net income for the company's first quarter ended May 3, was $162 million, or $1.10 per share, compared with net income of $138 million, or 90 cents per share, last year. Wall Street's consensus estimate had been $1.06