[Source:
Yahoo! Finance: Textile - Apparel Footwear & Accessories Industry News
]
NEW YORK (Reuters) - Timberland Co (NYSE:
TBL -
News) and Steven Madden Ltd (NasdaqGS:
SHOO -
News) posted lower quarterly profits on Thursday, hurt by flagging demand, and both shoe companies forecast sales declines for the full year.
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Separately, shares of Crocs Inc (NasdaqGS:
CROX -
News), the maker of brightly colored, clunky plastic shoes, dropped as much as 31.5 percent the day after its 2007 revenue and earnings outlook disappointed Wall Street.
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