Byline: Lauren Coleman-Lochner
Jun. 26--Footstar Inc., working hard to reboot its business with its largest customer in bankruptcy, said this week it would close its money-losing leased shoe departments in Steinmart and Variety Wholesale Distributors stores.
Leaving those businesses will subtract $11 million, or 54 cents per share, from Footstar's pretax second-quarter profit.
Mickey Robinson, Footstar's chairman and CEO, said in a statement that the businesses to be closed are expected to lose 5 cents per share for the first half of 2002.
Footstar operates the leased shoe departments in more than 400 Variety Wholesale Distributors stores …