NEW YORK (Nov. 17, 2008) — After a brutal autumn, footwear retailers are rolling out deep discounts as a last-ditch effort to attract consumers into stores this holiday season.
NEWS Foot Locker Swings to Q3 Profit, Cuts View
NEW YORK (Nov. 21, 2008) — Despite a minor decline in sales, Foot Locker Inc. swung to a third-quarter profit from a loss the prior year, aided by sales strength abroad. But the firm lowered its fiscal 2008 earnings outlook to below Wall Street projections, citing “a more guarded outlook” for the fourth quarter.
NEWS Income Drops 38% at Shoe Carnival
NEW YORK (Nov. 21, 2008) — A lift in Shoe Carnival Inc.'s third-quarter sales during the back-to-school season wasn't enough to cancel out the effects of the sour economy.
NEWS Charles Jourdan Sale Fails
PARIS (Nov. 21, 2008) — Charles Jourdan, the beleaguered French footwear brand that went into liquidation last December, is once again up for grabs. Its most recent suitor, Finzurich, failed to cough up the 2 million euros, or $2.5 million at current exchange, required to complete its acquisition.
