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Stock Market & Financial Investment News

News Breaks
March 19, 2013
14:30 EDTDSW, SHOO, BWS, GCOFootwear 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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April 17, 2015
11:48 EDTDSWDSW management to meet with William Blair
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April 16, 2015
16:17 EDTBWSBrown Shoe launches rebranding initiative
Brown Shoe Company announced the official launch of its rebranding initiative, in affirmation of its evolving position in the marketplace. This initiative will help focus the company on a renewed standard of excellence, as it looks to best position its brand portfolio for accelerated growth and global expansion. The name Caleres and the 'Star-Five-Star' mark, which is incorporated into the Caleres logo, were selected to reflect the company's history and its passion for fit. Caleres was derived from the Latin word 'calere,' which translates to 'passionate, to glow.' The 'Star-Five-Star' mark has been in use by the company since 1885 and represents its passion around fit and its continuing dedication to creating the perfect fit for any lifestyle. Together, the name and the mark represent the company's vision to be ferocious about fit in everything it does, whether it be in terms of production, style, trends or service. The company also announced the impending launch of its new men's footwear business, Brown Shoe Bootmakers. The brand will take an artisan but rugged approach to men's shoes and is set to launch in 2016.
09:23 EDTDSWDSW comp momentum likely to drive Q1 upside, says Cleveland Research
Cleveland Research said strong comp momentum indicates potential margin upside to Q1 and 1 H. The firm said continued outperformance and favorable industry trends increases its confidence in potential upside and raised estimates above consensus.
April 7, 2015
10:25 EDTGCOGenesco management to meet with Piper Jaffray
Meetings to be held in the Mid-Atlantic area April 9-10 hosted by Piper Jaffray.

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