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Stride Rite Corporation: Company
built 197 days ago
The Stride Rite Corporation markets the leading brand of high quality children's shoes in the United States. Other footwear products for children and adults are marketed by the Company under well-known brand names, including Keds, Sperry Top-Sider, Tommy Hilfiger Footwear, Saucony, Grasshoppers, Robeez, Munchkin, Spot-bilt. Apparel products are marketed by the Company under the Saucony and Hind brand names. Information about the Company is available on its website -- http://www.strideritecorp.com. Information about the Company's brands and product lines is available at http://www.striderite.com, http://www.keds.com, http://www.sperrytopsider.com, http://www.grasshoppers.com, http://www.saucony.com and http://www.hind.com.
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The Stride Rite Children's Group, Inc., a division of The Stride Rite Corporation, markets the leading brand of premium children's footwear in the United States. For over 85 years, the company has designed and engineered footwear specifically to meet the needs of growing children. Stride Rite's mission is to encourage kids and support parents by developing and marketing products that help children embrace life's possibilities and adventures with confidence. The brand motto is "Life's Waiting. Let's Go."
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During this time, Stride Rite benefitted most perhaps from its reputation as a maker of high-quality children's shoes. Parents looked for reliable quality and value for their children, and the company appeared not to stray too far from their expectations. Moreover, studies began to appear in the 1980s indicating that toddlers learned to walk better in shoes than in sneakers, and these findings fueled a 31 percent increase in sales of baby shoes in 1986 over 1985. Several of Stride Rites' baby shoes were granted the Seal of Acceptance by the American Podiatric Medical Association in 1989, the only baby shoes to hold that seal. As children's apparel became trendier in the 1980s, Stride Rite responded by changing its marketing, while retaining the basic look and quality of the line itself. By early 1989, Stride Rite had 715 retail units, 70 percent of which were owned by independent dealers, and the 25 Overland Trading Companies were spun off as an independent entity in 1988.
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The Stride Rite Corporation reaffirmed fiscal 2007 sales guidance growth of 5% to 8% and earnings per share (EPS) of $1.10 - $1.15, including a full year of Robeez financial results and excluding any Robeez integration costs. Acquisition related integration costs are estimated at approximately $1.0 million or $.02 per diluted share for the year. According to Reuters Estimates, analysts are expecting the Company to report revenues of $759 million and EPS of $1.12 in fiscal 2007.
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Stride Rite Corporation markets the leading brand of high quality children's shoes in the United States. Brand names include Keds, Sperry Top-Sider, Tommy Hilfiger, Saucony, Grasshoppers, Munchkin, Spot-bilt and Hind. Apparel products are marketed by the Company under the Saucony and Hind brand names. Saucony, a leading “technical footwear��? brand, was acquired in the fourth quarter of last year.
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Stride Rite likes the pitter patter of little feet. Founded in 1919 and headquartered in Lexington, MA, The Stride Rite Corporation designs and markets footwear. The company, though it ... makes adult shoes, primarily targets babies and children up to ten years old. It makes sneakers, dress shoes, boots, and sandals. Its brands include Stride Rite, Munchkin, Sperry, Sperry Top-Sider, Tommy Hilfiger, Baby Smart, Grasshoppers, and Mainsail. It sells wholesale to department stores and retailers and through about 200 company-owned stores.
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