Daily business briefing: Brown Shoe posts $15 million profit in 2Q

August 27, 2013 

Brown Shoe Co. reported net sales of $621.7 million for the second quarter and net earnings of $15.3 million for the quarter, the St. Louis Business Journal reports. That compares to the $621.7 million the company recorded in net sales and the $2.7 million loss in net earnings during the second quarter of last year. Read more at http://www.bizjournals.com/stlouis. ...

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Starbucks plans to introduce its own line of snack bars and fruit pouches that will begin appearing in its cafes next week. In Starbucks cafes, the Evolution fruit-and-nut bars will cost $1.95 and replace the Kind bars the chain currently sells for the same price. The Evolution freeze-dried fruit packs will cost $2.50 and replace the $2 peeled fruit packs. For more information, go to http://www.bnd.com/business. ...

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Oil prices are up after increasing uneasiness over military intervention in Syria. Crude oil prices are up Tuesday by $1.60 to $107.52 a barrel. Find out more at http://www.bnd.com/business. ...

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Tobacco sales to minors are near all-time lows. The rate of tobacco sales to underage youth at retailers nationwide has fallen from about 40 percent in 1997 to 9.1 percent in the last fiscal year, according to a Substance Abuse and Mental Health Administration report released Tuesday. The all-time low of 8.5 percent was recorded two years ago. Read more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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