Summary: Brown Shoe Co. Inc. Aug 08
- ID: 1752376
- August 2008
- Standard & Poors
The ratings on St. Louis-based Brown Shoe Co. Inc. reflect the company's participation in the mature, competitive, and fragmented wholesale and retail footwear business, low operating margins relative to those of its peers, expected supplier cost increases, and fair credit protection measures. The company's good market position and a diversified sourcing and wholesale customer base temper these factors somewhat. Competition in the footwear industry remains intense and the industry has seen a number of consolidations over the past year. Brown Shoe competes against specialty footwear retailers, department stores, mass market discounters, and other wholesalers. An increasing number of footwear retailers are competing on the basis of price, which has pressured Brown Shoe to keep selling prices low. Although the industry...
Companies mentioned in this report are:
- Caleres Inc.
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