Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of shoe retailer Brown Shoe
So what: It was a great back-to-school season for Brown Shoe, as the company's Famous Footwear chain registered a 10.6% same-store-sales increase and an overall sales bump of 8.3%. The company's wholesale division -- which sells to customers such as TJX
Now what: The economic shakeout has created a bifurcated retail market, with luxury goods from the likes of Coach
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