Brown Shoe Company, Inc. announced September retail sales at Famous Footwear increased 4.5 percent to $95,500,000 for the five-week period ended Oct. 4, 2003, compared to $91,400,000 for the same period last year (ended Oct. 5, 2002). Same-store sales for September were up 3.2 percent.
Famous Footwear sales for the first eight months of fiscal 2003, were $761,400,000, a 0.1 percent increase compared to $760,700,000 for the year-ago period. Same-store sales for the 35 weeks were down 2.2 percent.
“Sales gains in September were encouraging, and on-target with our plans for the third quarter,” said Brown Shoe Chairman and CEO Ron Fromm. “The rebound in same-store sales that started with August's back-to-school marketing and merchandising programs, was sustained throughout September with strong gross margins. Looking at category strengths: Our women's business turned in a great performance, driven by fashion styles including dress, junior casual and clogs; athletic sales were even with last year.
MONTH AND YEAR-TO-DATE SALES (millions) Same- Store FY 2003 FY 2002 % % Stores Open (10/4/03) (10/5/02) Change Change 10/4/03 vs. 10/5/02 Sept. -Famous Footwear $ 95.5 $ 91.4 4.5 3.2 899 917 Y-T-D -Famous Footwear 761.4 760.7 0.1 (2.2) Sept. -Naturalizer 13.8 14.2 (2.8) 3.4 210 234 Y-T-D -Naturalizer 80.9 91.9 (12.0) 1.2
Store Openings for the month
Famous Footwear opened new stores in the following markets: Marlton, NJ; West Cobb, GA; Riverhead, NY; Phoenix, AZ; Wenatchee, WA