Net income was up 37% to $51,178,000 from $37,396,000 on revenue that increased 9% to $738,330,000 from $675,531,000, but Famous Footwear revenues ticked down 4% to $436,375,000 from the prior year’s all-time record $453,649,000. Demand and traffic remained elevated for most of the quarter before softening in July. While the banner’s top 25 brands accounted for 85% of the top line, the company continues to look for vertical integration opportunities through a higher mix of owned brands. LifeStride and Dr. Scholl’s have already turned in positive performance at Famous. Bringing in more seasonal owned brand is expected to up AOV ... Log in to view full article.