Jenn's rendition made it easier for me to see that I think the second word is "Exquisite" (and "Footwear"). I found this 1942 blurb that I think reassures us that it is Hannahson's Exquisite Footwear:
Great skirt and shawl! Every ad I found for Copeland of California was from the 1950s. One 1959 article mentioned:
"Marjorie Sracy is a well known artist and designer, having spent many years with leading designers such as Irene Bury Ltd., Copeland of California...
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