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Yahoo! Finance: Textile - Apparel Footwear & Accessories Industry News

Coach cuts 2Q profit outlook as sales fall 13 pct (AP)
Coach Inc. on Thursday cut its second-quarter profit estimate after a dismal holiday shopping season led to a 13 percent drop in comparable store sales during the quarter.

Walk A Mile In These Shoe Stocks (at Investopedia)

Coach cuts second-quarter guidance on poor holiday sales (at MarketWatch)

Footstar Provides Update on Management Changes and Declares $1 Distribution (Business Wire)
MAHWAH, N.J.----Footstar, Inc. today provided an update as the Company continues to move forward with the previously announced wind-down of its business.

Coach Revises Second Quarter Earnings Expectations to Approximately $0.67, About 3% Below Prior Years $0.69 (Business Wire)
NEW YORK----Coach, Inc., , a leading marketer of modern classic American accessories, announced that it is lowering its earnings expectations for the second fiscal quarter ended December 27, 2008 to approximately $0.67 per share.

Michael Jordan on Michael Jordan And His New Shoe (at CNBC)

Wolverine To Stomp Out 450 Jobs (at Forbes.com)

Jordan Brand Goes Beyond XX3 to Unveil the Future of the Brand: The AIR JORDAN 2009 (Business Wire)
BEAVERTON, Ore.----Since the release of the AIR JORDAN XX3 in January 2008, the sneaker world debated the greatest question ever asked of a basketball shoe: will there be an AIR JORDAN XX4?

Wolverine World Wide to cut 450 jobs (AP)
Wolverine World Wide Inc., which makes Merrell and Hush Puppies shoes, said Thursday it will cut 450 jobs -- about 10 percent of its staff -- in a cost-saving effort.

LaCrosse Footwear Announces Fourth Quarter and Year End Reporting Date (Business Wire)
PORTLAND, Ore.----LaCrosse Footwear, Inc. , a leading provider of branded work and outdoor footwear for expert users, announced that it plans to report its results for the fourth quarter and year end of 2008 after market close on February 2, 2009.

No Swag for the Stars? (at Minyanville.com)
Brief scrutiny of today's headlines.

Tandy Leather Factory, Inc. Reports December Sales Down 1% Against December 2007 (Business Wire)
FORT WORTH, Texas----Tandy Leather Factory, Inc. reported today that sales for the month of December were $4.8 million compared to $4.9 million in December 2007, down 1%. Year to date sales are down 4% to $53.3 million in the current year from $55.3 million last year.

Wolverine World Wide, Inc. Announces Acquisition of Cushe Footwear Brand (PR Newswire)
Wolverine World Wide, Inc. announced today the acquisition of the Cushe footwear brand, a move that will drive new global opportunities and leverage the strength of Wolverine's proven business model and operating infrastructure.

Wolverine announces 450 staff cuts (at MarketWatch)

Wolverine World Wide, Inc. Announces Strategic Restructuring Plan (PR Newswire)
Wolverine World Wide, Inc. today announced a strategic restructuring plan designed to create significant operating efficiencies, improve its supply chain and create a stronger global brand platform.