"Upbeat" U.S. Shoe avows commitment to shoe biz
U.S. Shoe Corp.'s chairman reaffirmed his company's commitment to staying in the footwear business before securities analysts here last week and called reports to the contrary "absolutely and obviously erroneous.'
"We're putting a lot of money, relatively speaking, into our footwear business,' said Philip G. Barach. "We have an upbeat mood.'
U.S. Shoe recently sold its men's shoe manufacturing and wholesale division, a division whose business Barach characterized as "indifferent.' But the company is stepping up production in its remaining footwear operations, and Barach expects a strong rebound from last year's disappointing results.
Barach predicted shoe sales …