Brown Shoe swings to loss in Q2

St. Louis -- Brown Shoe Co., parent to the Famous Footwear chain, reported Thursday a loss of $4.6 million for the second quarter, compared with a profit of $5.3 million in the year-ago period. Sales increased 7.2% to $628.1 million, from $585.8 million. The company said Thursday it will sell its AND 1 sports and lifestyle brand to Galaxy International for $55 million cash. The brand was part of the $145 million American Sporting Goods acquisition completed earlier this year. It was the addition of ASG that boosted the second-quarter sales by 7.2%. Famous Footwear reported a year-over-year decline