Brown Shoes soft outlook disappoints investors

Brown Shoe Co Inc posted a smaller second-quarter loss but shares in the owner of Famous Footwear stores fell on a soft outlook as the shoe retailer said it remained wary of economic weakness. Photo: LifeStrideShares of the company fell as much as 8 percent to $14.16, making it one of the biggest percentage losers on the New York Stock Exchange on Tuesday. The stock has climbed more than 80 percent in the past year.The company has trimmed its inventory, closed stores and cut some low-performing

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