04.03.2015 13:16:24

Brown Shoe Company To Realign Reportable Segments - Quick Facts

(RTTNews) - Brown Shoe Company (BWS) announced the company is realigning its reportable segments, following the sale of Shoes.com in December of 2014. The company's reportable segments: Famous Footwear will include Famous Footwear retail operations, on a historical and continuing basis, and Shoes.com through December 12, 2014; Brand Portfolio will include Healthy Living and Contemporary Fashion wholesale brands and any related retail operations.

"Our new reportable segments are designed to align our brands and businesses with our internal operations and to provide increased financial visibility. We expect this new reporting structure will improve clarity for investors and allow for easier financial modeling and peer comparisons," said Ken Hannah, CFO of Brown Shoe Company.

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