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Syms considers possible sale
Secaucus, N.J. — Syms Corp. said Thursday it is mulling selling itself and other strategic alternatives as the company continues to struggle after acquiring Filene’s Basement in 2009.
The off-price retailer, which bought Filene’s out of bankruptcy for $62.4 million in 2Q 2009, said its board is currently evaluating its options. It reported a loss at the end of its fiscal year in February, and losses had widened as of earlier this month.
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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.