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 Breaking Headlines

Wal-Mart Slashing Thom McAn Orders Next Year

OCTOBER 05, 2005 -- In '02, Footstar began supplying Thom McAn family footwear to about 300 doors. In February '03, the arrangement was expanded to up to 1,500 Wal-Marts in the US and Puerto Rico. In '04, Footstar sold about $28.6 million of Thom McAn shoes to the chain. Wal-Mart has advised Footstar that, beginning in January, it will no longer purchase the shoes for any US stores, but will continue to buy them for Puerto Rico. Wal-Mart will continue to source footwear from Footstar for Wal-Mart stores under the retailer's proprietary brands.


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Categories
Sporting goods industry
Footwear

Companies
Footstar Inc.
Wal-Mart Stores

Concepts
source footwear
proprietary brands
stores under the retailer's proprietary brands

People
Thom McAn





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