×
170
Fashion Jobs
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
LEVI'S
Technical Product Manager
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
By
Reuters
Published
Feb 5, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brown Shoe to cut jobs; sees $27-$30 mln charge

By
Reuters
Published
Feb 5, 2009

Feb 5 (Reuters) - Footwear retailer Brown Shoe Co Inc (BWS.N) said it expects to cut 12 percent to 14 percent of its domestic work force, excluding stores and distribution centers, and take a charge of $27 million to $30 million related to its cost-reduction actions.


www.brownsshoes.com

The company, which expects to record majority of the charges in the fourth quarter, said it reduced its planned capital spending for the 2008 to 2011 period by an additional $35 million, bringing total reductions to $107 million for the period.

Brown Shoe, which on Jan. 21 said it plans to close 30 to 35 Famous Footwear stores, expects the cost-cutting measures to save $28 million to $31 million annually.

The seller of shoe brands such as Naturalizer, LifeStride and Via Spiga has been hurt by shoppers reining in spending as they combat falling home values and tighter lending conditions.

The retailer also said its preliminary net sales for the fourth quarter were $521 million. Analysts on average were expecting $528.9 million, according to Reuters Estimates.

Sales at its Famous Footwear division for the quarter ended Jan. 31 were $312 million, while same-store sales fell 3.6 percent.

Shares of Brown Shoe closed at $4.23 Wednesday on the New York Stock Exchange. (Reporting by R. Manikandan in Bangalore; Editing by Vinu Pilakkott)

© Thomson Reuters 2022 All rights reserved.