Item 7.01 Regulation FD Disclosure.

On January 14, 2009, Brown Shoe Company, Inc. (the "Company") issued a press release (the "Press Release") announcing same-store sales and other performance data for the nine-week period ending January 3, 2009 for its Famous Footwear division. A copy of the Press Release is being filed as exhibit 99.1 hereto, and the statements contained therein are incorporated by reference herein.

Members of the executive management team of Brown Shoe Company, Inc. will present a business overview and update to analysts and investors periodically over the next few weeks. The slide presentation for use in conjunction with these presentations is furnished as Exhibit 99.2 hereto and is also available on the Company's website via the following link: www.brownshoe.com/investor, although the Company reserves the right to discontinue its availability at any time.

The information in this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor shall such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibit

99.1 Press Release issued January 14, 2009
99.2 Brown Shoe Company, Inc. Investor Update - Winter 2008

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