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Brown Shoe feels impact of exiting brands
St. Louis -- Brown Shoe Company Inc. reported a net loss and declining net sales in first quarter 2013 as the company cited the impact of having exited some businesses in the past year.
The retailer experienced a net loss of $10.8 million, compared to net earnings of $1.7 million a year earlier. Net sales declined about 1% to $588.7 million from $598.2 million.
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Tilly’s Q1 results ‘better than expected’
IRVINE, Calif. — Tilly’s comparable store sales for March and April improved over February for the first quarter ended May 4, buoyed partly by the spring break and pre-Easter periods.
The company’s total net sales were $109 million, an increase of 13% from $96,524 for the first quarter ended April 28, 2012. Comparable store sales, which include e-commerce sales, increased 1.1% compared to the first quarter of 2012. E-commerce sales were $12.6 million, an increase of 16% compared to the first quarter of 2012.