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Stock Market & Financial Investment News

News Breaks
March 19, 2013
14:30 EDTSHOO, GCO, BWS, DSWFootwear retailers fall after DSW says recent sales trends weak
Several footwear retailers are retreating after a company in the sector, DSW (DSW), reported weaker than expected fourth quarter results. DSW added that its comparative sales have fallen 5% during the first six weeks of the current quarter as sales trends have weakened. Others in the sector, including Steve Madden (SHOO), Genesco (GCO) and Brown Shoe Company (BWS), are falling significantly in the wake of DSW's results. However, in a note to investors earlier today, research firm Canccord recommended that investors use Steve Madden's weakness as a buying opportunity. The firm believes that Steven Madden is taking market share and that its business is tracking to plan. In mid-afternoon trading, Steve Madden fell 3.6% to $43, Genesco gave back 2% to $60.10, Brown Shoe Company lost 1.4% to $16.90 and DSW tumbled 6.7% to $62.50.
News For SHOO;GCO;BWS;DSW From The Last 14 Days
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September 16, 2014
16:34 EDTGCOGenesco assumed with a Neutral at Piper Jaffray
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September 9, 2014
07:15 EDTSHOOCL King to hold a conference
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September 8, 2014
08:58 EDTDSWDSW price target raised to $34 from $30 at Credit Suisse
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September 5, 2014
19:58 EDTGCOGenesco management to meet with SunTrust
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September 4, 2014
10:29 EDTDSW, SHOOOn The Fly: Analyst Initiation Summary
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07:42 EDTSHOOSteven Madden initiated with a Buy at Wunderlich
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07:42 EDTBWSBrown Shoe initiated with a Buy at Wunderlich
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07:41 EDTDSWDSW initiated with a Hold at Wunderlich
Target $29.

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