Brown Shoe Company, Inc. (NYSE: BWS) (brownshoe.com) today announced it has sold Avia and Nevados for $74 million, with the transaction closing immediately.

Brown Shoe Company Inc. has sold the Avia and Nevados lines it bought two years ago to Galaxy Brand Holdings Inc. for $74 million and will use the proceeds to pay down debt, Brown officials said Tuesday.

ST. LOUIS (AP) - Brown Shoe Co. said Tuesday that it has sold its Avia and Nevados brands to Galaxy Brand Holdings Inc. for $74 million. Brown Shoe retained Ryka and other brands, and said it plans to use the proceeds from the sale to pay down debt.

It also marked the debut of Sam Edelman's juniors' line Circus by Sam Edelman, helping Sam Edelman Shoes earn Footwear News' Brand of the Year for a second time in the brand's history.

Brown Shoe Company (NYSE: BWS) is a $2.6 billion, global footwear company whose shoes are worn by people of all ages, from all walks of life.

Dr. Scholl's� and Dr. Scholl's ShoesTM are trademarks of MSD Consumer Care, Inc. and are used license by Brown Shoe Company. Our Contemporary Fashion brands - Via Spiga, Vera Wang, Vince, Sam Edelman, Franco Sarto, Carlos Santana and Fergie ...

OF YEAR AGO ESTIMATE EST EPS 17 May Q1 2013 Associated Materials N/A N/A N/A 17 May BMO Q1 2013 China Auto Logistics Inc N/A N/A N/A 17 May 11:00 Q3 2013 Donaldson Company, Inc. 0.48 11 0.46 17 May BMO Q2 2013 Euroseas Ltd ... Inc. 0.01 4 ...

Brown Shoe Company Inc. has sold two shoe lines and will use the proceeds to pay down debt. The St. Louis Business Journal reports that the St. Louis-based shoe company has sold the Avia and Nevados lines it bought two years ago to Galaxy Brand ...

Brown Shoe Co. (>> Brown Shoe Company, Inc.) said it has sold its Avia and Nevados brands to Galaxy Brand Holdings Inc. for $74 million, and plans to use the proceeds to pay down debt.

Reports: Retail sales for April, 7:30 a.m.; Business inventories for March, 9 a.m.. Local earnings: CTI Industries Corp. Other major earnings: Brown Shoe Co., New York & Co., Salvatore Ferragamo SpA, Shoe Carnival Inc. Copyright � 2013 Chicago Tribune ...