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Brown Shoe names Diane Sullivan CEO
St. Louis — Brown Shoe Co., which operates Famous Footwear Stores, said Thursday it has named Diane M. Sullivan president and CEO.
The company announced in January that it had promoted Sullivan, its president and COO. She steps into the role Thursday following a four-month transition period from chairman and CEO Ronald A. Fromm.Fromm remains Brown Shoe's chairman of the board.
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Brown Shoe Q1 profit falls on higher costs
St. Louis — Brown Shoe Company Inc., which operates Famous Footwear stores, said Wednesday that its first-quarter earnings tumbled, despite rising revenue caused by higher costs.
The company earned $3.7 million, compared with year-ago earnings of $10 million. Excluding special charges for restructuring and other items, the company earned $7 million.
Revenue rose to $624.6 million from $597.7 million a year earlier. Revenue declined at the company's Famous Footwear and specialty retail operations, but wholesale revenue jumped 27%.