243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
Reuters
Published
Jan 21, 2009
Download
Download the article
Print
Text size

Brown Shoe to cut jobs, close some stores

By
Reuters
Published
Jan 21, 2009

Jan 21 (Reuters) - Footwear retailer Brown Shoe Co Inc (BWS.N) said it will cut jobs and close some stores as part of its cost-reduction initiatives, and expects annual savings of about $22 million, beginning in fiscal 2009.


www.brownshoe.com

The seller of shoe brands such as Naturalizer, LifeStride and Via Spiga has been hurt by shoppers reining in spending to concentrate on essentials such as food as they combat falling home values and tighter lending conditions.

Brown Shoe said it will discontinue wholesale shipment processing at its distribution center in Fredericktown, Missouri, a move that would permanently lay-off 59 associates.

The company, which also plans to close 30 to 35 Famous Footwear stores in 2009, said the size of its credit facility has been increased to $380 million from $350 million, and the maturity date has been extended to Jan. 21, 2014, as part of an amended agreement.

Brown Shoe said it has offered a voluntary separation package to its domestic employees, adding that it will also initiate involuntary reductions in workforce within the next two weeks.

Shares of company closed up 58 cents, or 10.55 percent, at $6.08 Wednesday on the New York Stock Exchange. (Reporting by R. Manikandan in Bangalore; Editing by Deepak Kannan)

© Thomson Reuters 2024 All rights reserved.