Recent News

  • Oct 10, 2012
    Payless Holdings Names W. Paul Jones Chief Executive Officer
  • Oct 09, 2012
    Wolverine Worldwide, Golden Gate Capital and Blum Capital Complete Acquisition...

News and Press

Stride Rite’s Baby Collection A Hit At Retail; Shipments Ahead of Schedule

Lexington, MA—Stride Rite tm, the #1 premium brand of children’s footwear in the United States, has an immediate success on their hands with the recent unveiling of the Stride Ritetm Baby Collection. “We’ve received calls from retailers who either want more product or who are asking for early shipment of their March orders, because the response to the shoes by Moms has been overwhelming,” said Jerry Silverman, President of The Stride Rite Children’s Group.

Introducing Stride Rite® Baby -- The Next Best Thing to Barefoot Walking --

February 2000, Lexington, MA -- Stride Rite®, the #1 brand of children’s footwear in the United States, continues to innovate and build on the heritage of giving baby the best with the introduction of the new Stride Rite Baby Collection. The Stride Rite Baby Collection includes seven new styles in sizes 3 to 8, that feature the innovative “natural motion system™” shoe technology designed to promote natural development and walking patterns for baby.

Keds Introduces Breakthrough Sneaker Concept

Revolutionary Product Addresses Girls Trend

LEXINGTON, MA February 14, 2000 --- Keds Growing Girl’s design team has taken heart-shaped buckles and beaded laces to the next level. An industry first, Keds has developed Express Yourself, a sneaker collection that lets girls customize their footwear with colorful decals that are erasable. Contained in a clever mini-purse key chain, the Keds decals represent all that is fun when you’re young: bright colored butterflies, pretty flowers and moon slivers with stars.

SPERRY® Unveils the TS2K™ Collection

Lexington, MA – Sperry®, a leading brand of casual and water-performance footwear, recently unveiled its TS2K™ (Top-Sider 2000) Collection of men’s shoes. Inspired by Sperry’s Authentic Original Top-Sider, the TS2K takes the style and performance of a known favorite to a new level.

Meant for today’s active lifestyles, the TS2K combines the most desirable features of the casual, fashion and athletic footwear categories to create a product breakthrough for the next century.

Stride Rite Establishes Revolving Credit Facility

LEXINGTON, Mass.--(BUSINESS WIRE)--Jan. 20, 2000--The Stride Rite Corporation (NYSE:SRR) today announced that it has established a three-year $75 million revolving credit facility for general working capital purposes and other financing needs to support the Company's future growth. The facility, which was arranged by BancBoston Robertson Stephens, Inc., is being provided by five financial institutions, including BankBoston, N.A. (agent), Bank of America, N.A., Bank of New York, Bank One, N.A. and SunTrust Bank.

Stride Rite's Operating Earnings Up 33% for 1999 Fiscal Year

LEXINGTON, Mass.--(BUSINESS WIRE)--Jan. 6, 2000--The Stride Rite Corporation (NYSE:SRR) today reported higher sales and improved earnings for the fourth quarter of its 1999 fiscal year.

Stride Rite Announces Accelerated Share Repurchase Program

Lexington, Massachusetts, December 16, 1999 - The Stride Rite Corporation (NYSE; SRR) announced that its Board of Directors initiated a new share repurchase program. The Board today increased the authorization under the Company's on-going repurchase program by 5,000,000 shares, which represents approximately 11% of its outstanding common stock. On August 10, 1999, Stride Rite's Board had increased a prior authorization by 2,000,000 shares. Since that time, the Company has repurchased 2,201,300 shares at an aggregate cost of $14.3 million.

Stride Rite Announces Regular Dividend

Lexington, MA, November 5, 1999—The Stride Rite Corporation (NYSE; SRR) today announced that its Board of Directors declared its regular quarterly dividend of 5 cents per share, payable December 15, 1999, to stockholders of record November 26, 1999.

The Company also announced that over the past several weeks, it has repurchased 1,701,200 common shares under the authorization which was increased by the Board on August 10, 1999. These recent share transactions represent 76% of the total shares authorized to be repurchased by the Board.

Stride Rite Names David Chamberlain as New Chairman and CEO

LEXINGTON, Mass.--(BUSINESS WIRE)--Nov. 4, 1999--The Stride Rite Corporation (NYSE:SRR), a leading marketer of casual and active footwear for children and adults, today announced the appointment of David M. Chamberlain as its Chairman and Chief Executive Officer.

Stride Rite Corporation Names New Keds President

LEXINGTON, Mass.--(BUSINESS WIRE)--Nov. 3, 1999--The Stride Rite Corporation (NYSE:SRR) today announced that Dan Friedman has been appointed President of The Keds Corporation, Stride Rite's largest business unit. Mr. Friedman will be joining the Company effective November 15, 1999.

Media Contacts

Business & General Media

Payless ShoeSource Fashion/Product