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Stock Market & Financial Investment News

News Breaks
March 19, 2013
14:30 EDTBWS, GCO, DSW, SHOOFootwear 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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March 31, 2015
10:19 EDTBWS, GCOMorgan Stanley to hold a conference
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March 30, 2015
10:00 EDTGCOOn The Fly: Analyst Downgrade Summary
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06:37 EDTGCOGenesco downgraded to Neutral from Outperform at RW Baird
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March 25, 2015
16:02 EDTBWSBrown Shoe announces licensing agreement with Diane von Furstenberg
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March 23, 2015
16:03 EDTGCOG-III Apparel, Genesco enter footwear license pact for G.H. Bass
G-III Apparel Group (GIII) and Genesco(GCO) announced that they have entered into a wholesale license agreement for Genesco to design, distribute, and market G.H. Bass menís and womenís footwear in the United States and Canada. The line will be shown to the trade this summer. First shipments are expected for the Spring 2016 season, with distribution through better department and specialty stores. This agreement marks the fourth licensing agreement G-III has signed since purchasing the G.H. Bass brand in 2013. The Company also currently has agreements with PVH Corp. (PVH) for wholesale distribution of menís sportswear and with Overland Shoes Limited for wholesale distribution of menís, womenís and childrenís footwear throughout Europe, as well as for operation of retail stores throughout Europe. The company intends to continue to revitalize and build the G.H. Bass heritage brand through improved assortments in its chain of 156 outlet stores and additional category licenses with strong partners. G-III also intends to use its in-house expertise to produce certain key categories for Bass, including its planned launch of Bass womenís apparel for delivery in Fall 2015.

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