Meldisco is ceasing its licensed footwear businesseswith Variety Wholesale Distributors at the end of Q2 and terminating itslicensed footwear departments in 263 Stein Mart stores no later than Feb. 2003.As a result of both actions, Footstar will take a restructuring charge ofapproximately $11 million in Q2, net of taxes, or $.54 a share, for inventorywritedowns, asset impairments and severance costs. Both businesses beingterminated were acquired when FTS purchased the footwear assets of J. Baker inFeb. 2001. ... Log in to view full article.