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Stock Market & Financial Investment News

News Breaks
March 19, 2013
14:30 EDTGCO, DSW, SHOO, BWSFootwear 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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December 19, 2014
10:39 EDTBWS, DSW, GCONike leads footwear space lower after futures growth slows
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December 16, 2014
09:33 EDTBWSBrown Shoe management to meet with Buckingham
Meeting to be held in Kansas City on December 18 hosted by Buckingham.
December 15, 2014
16:02 EDTBWSBrown Shoe sees sale of Shoes.com resulting in Q4 gain
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December 10, 2014
10:33 EDTDSWDSW management to meet with MKM Partners
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10:00 EDTSHOOOn The Fly: Analyst Downgrade Summary
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10:00 EDTGCOOn The Fly: Analyst Upgrade Summary
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06:09 EDTGCOGenesco upgraded to Neutral from Sell at Goldman
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06:09 EDTSHOOSteven Madden downgraded to Neutral from Buy at Goldman
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