Brown Shoe Company Announces Sale of Shoes.com

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ST. LOUIS--(BUSINESS WIRE)--Brown Shoe Company (NYSE:BWS, brownshoe.com) today announced it has sold Shoes.com to SHOEme, and the transaction closed immediately. The company expects the sale to result in a gain in the fourth quarter of 2014, which will be considered a non-GAAP adjustment. “Since 2000, Shoes.com has helped us greatly advance our ecommerce efforts at a pace ahead of the industry and has also served as the platform for many of our branded wholesale ecommerce sites, including Natur

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