Headlines

Florsheim Gets the Boot

Shoe company is removed from Nasdaq exchange for failing to meet minimum requirements

Published

24 years ago

February 12, 2002

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Florsheim Group (Chicago), the 110-year-old men's shoe manufacturer and retailer, was removed from the Nasdaq exchange yesterday morning for failing to meet the exchange's minimum asset and income requirements.

The company, which sells its products through more than 6000 department and specialty stores and more than 280 company-operated and licensed specialty and outlet stores worldwide, is on track for its fifth straight money-losing year and is known to be looking for a buyer. The company lost $15.9 million in the first nine months of 2001, and sales tumbled 12 percent.

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