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A period of rapid growth for Merrell followed with 1989 sales increasing by 50%, to the $6 million mark. By 1990, some 300,000 pairs of shoes and boots were being sold annually, with sales for the year topping the $10 million mark for the first time.
They also tried to acquire the struggling Rykä brand of women's shoes, but the deal failed. In 1995 Walmart and LA Gear signed a three-year contract to design lower-value and specific-to-store shoes for Walmart, but the venture failed as sales for LA Gear shoes at Walmart had declined. The company filed for Chapter 11 bankruptcy in 1998, in ...
Caleres Inc. is an American footwear company that owns and operates a variety of footwear brands. Its headquarters is located in Clayton, Missouri, a suburb of St. Louis. [4] [5] Founded in 1878 as Bryan, Brown & Company in St. Louis, it underwent several name changes; [6] for a time, the Hamilton-Brown Shoe Company was the largest manufacturer of shoes in America.
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