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Brown Shoe Company Closing Distribution Center

03/07/2012

ST. LOUIS--(BUSINESS WIRE)--Brown Shoe Company, Inc. (NYSE: BWS, brownshoe.com) today announced plans to close its Sikeston, Mo., distribution center in 2012, as part of its ongoing portfolio realignment efforts. The phased closure is expected to begin in May and conclude in October. During this time, functionality will move to other locations, as the company works to reduce excess capacity in its distribution network.

“The decision to close this facility was difficult and is in no way a reflection of the skills and abilities of the Sikeston team,” said Mike Kauffman, senior vice president of global supply chain management for Brown Shoe Company. “However, the industry landscape continues to change, and we must adapt and evolve to remain competitive.”

Sikeston Associates are being encouraged to apply for open positions with the company, and an on-site career center is being created to assist employees in their internal and external job search efforts. For the Associates ultimately impacted by this structural change, a severance package will be provided.

About Brown Shoe Company

Brown Shoe Company is a $2.5 billion, global, footwear company that puts consumers and their needs first, by targeting the strategic Family, Healthy Living and Contemporary Fashion platforms. We have more than 130 years of experience, passion and product innovation and operate more than 1,300 Famous Footwear and Naturalizer retail stores across the United States, Canada and China. We also design, source and market many well-known wholesale shoe brands -- such as Naturalizer, Dr. Scholl's Shoes, LifeStride, Sam Edelman, Franco Sarto, Via Spiga, Vera Wang, Avia and rykä -- across multiple distribution channels. In addition to our retail and wholesale operations, we maintain a strong online presence with our ecommerce sites, FamousFootwear.com, Naturalizer.com and Shoes.com. Visit brownshoe.com to learn more about us. Brown Shoe Company: feel good and live better... feet first!

Contact:

Brown Shoe Company, Inc.
Media and Investors:
Peggy Reilly Tharp, 314-854-4134
ptharp@brownshoe.com

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