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Article Date: October 2003
Word Count: 667

SEPTEMBER COMPS ARE MIXED WITH MID-PRICED SNEAKERS FLAT.


While Pacific Sunwear continued to report very strongcomp store gains, results at Footstar, Brown Shoe and Shoe Carnival were downfor the period ended Oct. 4. However, we believe the overall results for Sep.will prove stronger for athletic footwear for the quarter as higher end chainslike Finish Line, which are showing strong comp gains, don’t report monthly.

Footstar comps declined 1.5% overall which included a1.2% increase in the athletic division and 4.3% decline in Meldisco.Total sales for the quarter fell 13.7% to $506.6 million, including a 0.7% gainin athletic to $267.0 million and a 25.5% decline at Meldisco to $239.6million. The Meldisco ... Log in to view full article.

 


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