Most Common Injuries when RunningThere are several chronic injuries that can occur with running. One of the most common is planter fascitis which is an inflammation of the ligament running along side the foot. Barefoot running may reduce the risk for this injury as it may induce an adaptation that transfers the impact to the yielding musculature, thus sparing the fascia. Chronic ailments including shin splints, ilio tibial band syndrome and peri patellar pain are attributed to excessive pronation. so running barefoot may relieve these conditions as well. By oldest son has had a big problem with shin splints and had all but given up running. Now he has started running barefoot and so far he has had no physical problems New Balance 574 Red Backpack Review My StoryI on the other hand, have been wearing New Balance for at least the last 15 years, maybe more. I cannot even walk barefooted very comfortably. I use orthotics in my shoes and every podiatrist I have ever seen has recommended that I wear New Balance shoes for women, actually New Balance walking shoes. In addition to the walking shoes, New Balance makes running shoes, New Balance slip on shoes, New Balance trail shoes and their shoes fit the whole family. Much of their popularity is due to the fact that they make shoes for all sizes from a 2A to a 6E. Most companies don't make this variety of sizes in athletic shoes. Also they have a very stringent quality control and if there is the slightest flaw the shoes get sent to a second hand store Other Athletic ShoesNow, for those that want to run in shoes there is a huge variety. Famous athletics often promote the better know varieties, such as Niki, Adidas, Reebok, New Balance and so forth, Most of the shoes are designed in the USA or England but actually made in Asia, particularly China and Vietnam. New Balance athletic shoes are designed and made at 5 different factories in the USA., so they are the only ones I am aware of that can actually put the Made in the USA symbol on the shoe. Asics is a newer athletic shoe started in Tokyo with the design of a basketball shoe. The name is actually an acronym for a happy lifestyle that promotes total health and fitness. They now have companies around the world. Barefoot running seems to be a trend that is catching on although there are plenty of people that have their favorite athletic shoe. Asics Gel Kinsei 3 Running Shoe SummaryYour choice of shoes is just about endless and maybe you want to try running barefoot. I like to walk, so that is my exercise. There a number of great brands of shoes. I ran for several years when I was younger, but I don't think I would have ever been a barefoot runner, except when I was a child. I stayed bare footed as often as possible back then. Nike Air Foamposite One Shooting Stars ,Air Jordan 6 Rings Venom Green Air Jordan 11 Low IE Black Varsity Red Air Jordan 5 Premio Black Black Metallic Silver Air Jordan 5 Retro Quai 54 White Air Jordan 5 Light Graphite White Wolf Grey Air Jordan 7 Olympic Gold Medal Pack Air Jordan Winterized 6 Rings Cool Grey Chlorine Blue 646701 001 Kobe 9 EM Air Jordan 6 Rings Black Varsity Royal Test the Soccer Cleats' Snugness in Terms of WidthUser Rating: / 0 PoorBest Safe ShoppingWritten by abby yang Thursday, 17 November 2011 02:06 Soccer cleats are different from regular shoes, both in fit and in shape. Generally, soccer cleats are narrower along the mid section, and they are usually made of a different sort of leather than other shoes leather that is more pliable. When sizing soccer cleats Nike Total 90 Laserfor kids, you are not only dealing with the constantly growing feet of youngsters, but also a different kind of shoe. By following a few easy steps, however, sizing up kids' soccer cleats shouldn't present too much of a challenge. Step 1 Determine your child's shoe size with a measurement. Avoid assuming that your child's shoe size is the same as it was a month ago; kids' feet grow fairly constantly. Step 2 Try soccer cleats that measure both in the kid's size as well as soccer cleats that are half a size smaller than this measurement. Step 3 Be sure that the soccer cleats fit snugly from toe to heel. Unlike regular shoes, in which you probably prefer a little wiggle room, soccer cleats are meant to be worn snugly. The leather then shapes itself around the foot (as long as the shoe is made of good leather, like kangaroo leather). You don't want the shoe to fit too tightly, however. Step 4 Test the soccer cleats' snugness in terms of width by feeling with your fingers and "rocking" the soccer cleats back and forth with your hand while on your child's feet. You don't want wiggle room between the sides of your child's feet and the inner sides of the soccer cleats. Step 5 Feel the front of the soccer cleats Nike Total 90 Laser III FG while your child is wearing them. If the toes are touching the front of the shoe, they are too small. There should be about a quarter inch of space between the front of the shoe and the toes. Step 6 Allow the child to walk around wearing the soccer cleats. If they feel excessively tight, select the next size up. If they feel comfortable and snug, chances are you've found the proper size. Nike Air Foamposite One Shooting Stars,Good morning, my name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the Brown Shoe Company Second Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. (Operator Instructions) Thank you. I would now like to turn the conference over to Ms. Peggy Riley Tharp. Ma'am, you may begin. Thank you. Good morning and thank you for participating in the Brown Shoe Company Second Quarter 2014 Earnings call, which is being made available to the public via webcast. I'm Peggy Riley Tharp, Vice President of Investor Relations for Brown Shoe Company. In addition, slides are available on our website for you to reference during today's call. Please be aware that today's discussion contains forward looking statements which are subject to a number of risks and uncertainties. Securities and Exchange Commission. Please refer to today's press release and our SEC filings for more information on risk factors and other factors that could impact forward looking statements. Copies of these reports are available online. The company undertakes no obligation to update any information discussed on this call at any time. Joining us on the call today are Diane Sullivan, CEO, President and Chairman; Russ Hammer, Chief Financial Officer, and Rick Ausick, President of Famous Footwear. Today we will begin with a strategy review by Diane followed by a financial summary from Russ before turning the call back over for Q I would now like to turn the call over to Diane Sullivan. Thanks, Peggy and good morning everyone and thanks for joining us today. As we report second quarter earnings of $0.41 per share which is up 17% and ahead of our expectations. Second quarter sales of $636 million were up 2.3% with both Famous Footwear and Wholesale contributing to another successful quarter. This good performance was delivered despite a choppy retail landscape which ranged from a strong May to a more subdued June and then finally in July improving somewhat. Starting with Famous Footwear same store sales were up 1.6% over the 6.8% the team delivered in the second quarter of last year. The lifestyle category as we've been saying for sometime now maintained its hot streak with canvas in particular up 27% as consumers continue to shift to lifestyle versus performance footwear. We've increased our canvas inventory to meet this demand and as a result total Famous Footwear inventory for the second quarter was up 2.5% this was inline with last year's peak and for the third quarter we're already below last year's inventory level. In addition to strong canvas sales in the second quarter we also delivered a very respectable sandal season. We actively managed inventory and resisted promotional activity. As a result, women sandals were up 1.4% in the quarter with July 5.5% improvement helping total spring sales fall in line with last years. We also not only maintained overall sandal margins, but saw an improvement in the quarter. Let's talk a little bit about third quarter and our back to school strategy, very similar to last year we're targeting four components for success. Focusing, on big brand ideas, investing in key product categories, increasing our digital and online advertising, and continuing to focus on our rewards program growth. Our assortment strategy continues to target a more narrow but deep selection of items, which we then focused our back to school marketing efforts around. And not only do we have the top brands in stock, as we always do, we also have exclusive style and colors only available at Famous Footwear. Our omni channel strategy has helped us with these efforts by enabling us to get the word out about these exclusives available only at Famous. For back to school this year, we enhanced our mobile and outreach social outreach in order to remain a key footwear resource for families. We now have nearly one million downloads in less than a year from our Famous Footwear mobile app and that really continues to gain traction and momentum. Our rewards program maintains key for our core customers, and our communications to them during this back to school season are even more personalized, more informative and more connected. And we're maximizing a back to school store traffic to drive participation in our rewards program for the third year in a row. Once again, we expect to add more than one million new members as part of this effort. So while we still have a few weeks of back to school remaining, we're generally pleased with our results. Back to school same store sales are up 1.8% following a 5.6% improvement in back to school sales last year and 5.5% in 2012. So all in another good quarter delivered by Famous. Now turning to our wholesale operations, where second quarter sales of a $194.3 million were up 7.7% with a solid majority of our brands contributing. Star performers included Via Spiga, Vince, Dr. Scholl's and Sam Edelman with each of at least double digits. At Sam we had another great quarter up double digits with strong sell throughs, and next month we will be opening Sam's second store in Beverly Hills. We also launched apparel at the end of the second quarter for fall, and while still early, the outlook is very good. Without a doubt, as we shared with you at our Investor Day, the brand is performing extremely well and we're on track with our strategic plan for the growth of this brand. For Vince sales were up significantly with all major department stores reporting double digit sales growth. Vince brand has seen explosive growth and is setting a strong aesthetic and design pace from the marketplace. The result is great products spread across key trends categories, such as modern dress shoes, upfront block heels, sneakers, sport sandals, and espadrilles. During the quarter we also launched men's in 50 doors, and these sales have had a similar clean and understated luxury feel as our women's line does. The Via Spiga turnaround continues. And that was because we really elevated an on trend product that delivered higher AURs lower allowances and fewer closed outs. We have a lot more planned for this brand as we move forward, with new imaging, a new website and a whole lot of other refreshes planned as we move into 2015. Dr. Scholl's delivered another good quarter despite spotty women's sandal sales offset by growth in flats and athletic styles. Men's which account for approximately 40% of Scholl's sales, did especially well in sandals, and with casual and sport leisure styles as well. At Naturalizer sales were lower as we operated fewer retail stores versus a year ago. And due to retail promotions for sandal across all channels in both June and July there were fewer re orders for Naturalizer sandals. So for the quarter in our wholesale business operating margin improved to 9.9%. This 540 basis point improvement helped contribute to our 4.9% consolidated operating margin rates up a 120 basis points, as we continued to drive toward our long term goal of 8%. I'm very pleased with our growth so far this year and in the second quarter. The solid foundation that we've built over the last several years are really going to enable us to maintain our progress against our long term targets, and importantly, allow us to continue to deliver shareholder value as we report another good year in 2014. With that I'd now like to turn the call over to Russ for review of our overall financials and a little more detail around our guidance. Thanks, Diane. And thank you, everyone, for joining us on both the call and the webcast. We appreciate it. Although Diane briefly reviewed our results, I'd like to add a little more color for the second quarter we reported net sales of $635.9 million up 2.3% versus $621.7 million in 2013. Second quarter net earnings of $18.1 million or $0.41 per diluted share were up 17.1% over the $15.4 million or $0.35 we reported last year. At Famous Footwear, we improved our trailing 12 month revenue per square foot to $212, as we closed our relocated 16 stores in the quarter and opened 17. We're operating 24 fewer stores versus this time last year, and we currently expect to open approximately 50 stores in 2014 and close roughly 60. Let's turn to a review of our financial metrics now. Overall, gross margin in the second quarter was 40.8% which was down 20 basis points over the last year. SG as a shared revenue was 35.9% which improved by a 130 basis points year over year as we continue to leverage our expense base and see the benefit of our cost management actions. Inventory at quarter end was $657.7 million up 6.8% over the last year's second quarter wholesale inventory was up 22.9% at the quarter end driven by Sam Edelman as consumer demand continues to increase for this brand. At Famous Footwear inventory was up 2.5% in line with last year's back to school inventory build. Our corporate tax rate was 31.4% for the quarter, net interest expense of $5 million was down 1.8% in the quarter. Cash and equivalents for the quarter were $46.9 million as we continue to build our cash position back up following our February acquisition of Franco Sarto for $65 million in cash. We ended the quarter with no borrowings against our revolving credit agreement, down $23 million year over year, we also improved our debt to capital ratio to 28.1% from 34.2% last year. Before we begin Q I would like to review our fiscal 2014 guidance. First to account for a better than anticipated second quarter, we're raising our annual guidance range to $1.50 to $1.60. As a result, we now expect our consolidated net sales of $2.58 billion to $2.60 billion, same store sales at Famous up low single digits and inline with year to date performance, specialty retail sales down mid single digits due to store closures. Net sales at wholesale operations up mid to high single digits as we're encouraged by the strength of our fourth quarter orders, gross margin up approximately 10 basis points. SG of $929 million and $30 million with continued leverage, net interest expense of $20 million to $21 million and an effective tax rate of 32% to 34%. Depreciation and amortization of $51 million to $54 million and capital expenditures of $55 million to $60 million. For the third quarter, while we're generally pleased with the back to school selling season to date, we are seeing slower growth versus last year. As a result we expect third quarter EPS to be a mid to high single digits year over year. As always, we will continue to update you with our progress against our expectations. With that operator, we would be happy to answer all questions. (Operator Instructions) Our first question will come from the line of Jeff Stein with Northcoast Research. Please go ahead. Jeff Stein Northcoast Research Good morning, guys. Couple of questions. First of all, Franco Sarto. Diane, you didn't mention how that business performed, so I'm just curious if you could give us an update there. And then, question for Russ. It looks like you guys are doing a great job in wholesale in driving higher gross margins, but it looks like the real uplift, both in first and second quarter, has been from lower SG expenses in that business segment. And I'm wondering if you could talk us through your thinking about the outlook for the back half of the year in terms of the SG Because it looks like SG dollars were down about 7.5% in the second quarter in wholesale, after being down just 2.5% in Q1. So, stop there and love to hear what you have to say?
Online Mens Nike Air Foamposite One Shooting Stars,653996 660 KD 7 Global Game Action Red Metallic Silver Most probably, it will now be a month from today when we started talking about coming back to our favorite outlet store to shop. To us, shopping there would be like a very important eventlike your birthday. Except you'll be buying presents for yourself. Lots and lots of presents! And for a more reasonable price! And who could say NO to that? I know that I certainly couldn't. It had always been a unanimous decision to go back so it didn't really came as a surprise to me that after a gazillion email exchanges later, we found ourselves back at the Woodbury outlet store, looking for a good spot to park. Truth is, going to the mall that is less than 15 minutes away from where we live would've been a lot more reasonable, but why stop there when there is a world out therefull of discounted Guccis and Pradas! So the 2 and half drive should be worth it! But, who am I kidding! I am not really a fan of branded bags or shoes. I like them but not really likey "LIKE" them. Not as much as my friends like them. But quite honestly, these fashion stuff seemed to have grown on me anyway. And these friends of mine had already grown on me a bit longer than that. I know. I am being cheesy. Hey, if you were in my shoes (no pun intended) not liking them is just unquestionably impossible. Why? Because they are wonderful and together we are every bit of genius and perfection. "I think the GPS is telling us to take that exit." Ces told Grace. I looked at the GPS and sure enough, the arrow seems to indicate it. "May beI don't seem to recall us going that way the last time we went though." Grace pointed out as we watched the Exit got closer and then farther since we just passed it. "Oh no we missed it." Ces frowned. "We really didn't hear the GPS say anything." I said, hoping that we didn't make a mistake. "Or probably we were so into our conversation that we did not hear it." Lilah commented. "We probably werebut hey, the road still appears to be green on our GPS screen so were still on track." Okay so we're probably not every bit of perfection. WE can be crazy sometimes. Normal is overrated anyway. Don't get me wrong. Grace, Ces, Li and I could probably talk about almost anything under the sun. However, it's not the highly intellectual stuff like politics and the latest technology that pulled me to them. To me, they were the moments of silliness. We know that we could be ourselves when we're together. Laughter is the key. It keeps us together. For a few moments we could act less than the adult we usually are. For a few moments we could allow ourselves to make fun of our mistakes and embrace our flaws. For a few moments, we could admit in our own subtle way how situations can be funny even when in reality they are truly not. Twenty minutes later, we found ourselves in front of the Tory Burch store with a long line waiting for us to hop on. We did our fair share of whining till we accepted our fate and fell in line, like any good Tory Burch shopper would. Then our talk about anything under the sun commenced. "Love your shoes, Grace." Ces began, "But I don't think I could wear a 3 inch pair of shoes to shop especially in an outlet store as big as this one." Ces is also like me. She prefers comfort over fashion. I think she also rocked in the fashion are like all of them did. Her outfit is something I would probably wear. We've been told so many times that we almost have the same taste in anything including clothes. "Yes, those would definitely kill me." I agreed. "But they are beautiful!" It goes so well with her white pants and blue floral top "That's Grace for you! Fashion would always come first." Lilah teased. I curbed the urge of teasing Lilah back because like Grace, she's also not lacking when it comes to fashion. "But this is wedged though." Grace explained. "It's a lot more comfy than it looks." Comfy? I know that's what I aimed for so just grabbed pair of skinny jeans and a scooped necked t shirt. In a nutshell, I wasn't convinced. Grace's shoes seemed like it's anything but comfy to me. "Look." I drew their attention to the brown haired girl, trying on a 2 inch pair of shoes inside the store next to Tory. She's obviously new to the art of wearing them so she did a funny balancing act when she modelled for her friend. "She seemed to be a lot like me." Our interest was piqued when the brown haired girl didn't stop there. Her blonde friend who's so beautiful, she might've looked like she stepped out of a fashion magazine handed her a pair that were obviously even way higher than the ones she already tried. "This should be interesting." Lilah mused, smiling mischievously. All 4 of us made with the "OUCH!" and squirm combo reaction as we watched her feeble attempt to keep her balance and eventually stumbled on a rack of clothes that fell on an unsuspecting customer. "And here I thought I was the Queen of Clumsiness. Ms. Clumsy pants just took away that crown from me." I said, snickering. We tried not to laugh. Well, the operative word was "Tried". "At least she was brave. Ms. Supermodel should've known better." Grace added, covering her mouth to keep from laughing out loud. "And that's why I won't wear one while shopping." Ces pointed out while wiping the bits of tears from her eyes. "I don't want to hurt anyone." Nike Air Foamposite One Shooting Stars WASHINGTON Mississippi Gov. Haley Barbour, saying he doesn't have the full fire in his belly to set aside the next ten years to a presidential campaign and two possible terms, today said he won't run for president in 2012. Barbour is known as a prolific fundraiser, a former lobbyist who became an insider favorite though questions persisted about his ability to expand politically beyond his roots in the south. That said, he hadn't really made an impression in the early states there yet, polling atjust 2 percent in a SouthCarolina poll released this morning. And while all prospective candidates will be looking to see how that news affects them, Tim Pawlenty may find some reason to be happier at the news than most. The Washington Post's Aaron Blake (a native Minnesotan, by the way) wrote today (before Barbour's decision was made known) that Pawlenty's path is eased by the sort of look what I did as governor candidates deciding not to run. He quoted an unnamed strategist saying that"the establishment likes Pawlenty, but they really like [Haley] Barbourand they love [Indiana Gov. Mitch] Daniels." Much further down the road,Pawlenty will be on a short list of candidates seriously vying for Barbour's endorsement, and there are some connections between the two. They worked together at the Republican Governors Association, and Pawlenty's campaign manager, Nick Ayers, was the head of that organization under Barbour's chairmanship. Also on that staff connection front, though slightly more tenuously, Barbour's (now former) campaign manager was Rob Collins, who used to head up the American Action Network alongside former Sen. Norm Coleman, who in turn is strongly backing Pawlenty. Update:Pawlenty is the first GOP 2012 candidate out of the gate with a statement on Barbour, in which he makes sure to note the "privilege" he had of serving as vice chairman of the RGA under Barbour. The statement: "Nobody has done more than Haley to build the Republican Party over the last three decades, including last year, when I had the privilege to be his vice chairman at the Republican Governors Association. He is one of the Republican Party's great leaders and an outstanding Governor for Mississippi. When Republicans defeat Barack Obama next year, it will be thanks to the solid party foundation Haley helped build. We wish he and Marsha the best and thank them for all that they do for their state, their Nation, and the Republican Party."
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