As we expected, Coach's COH move to broaden its assortment of handbags at lower price points helped drive a 1% increase in total sales for the first quarter. We were not surprised to see gross margin contraction as a result of the rebalanced product mix, and we are maintaining our fair value ...
Weak retail traffic and softer wholesale orders continued to plague Brown Shoe's BWS top-line growth during the second quarter, and management revised its full-year revenue outlook to levels consistent with our estimates. Although we still believe the firm will face difficulties achieving anything