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News and Press

Stride Rite Reports Third Quarter Results

Sep 22, 1999

    Business Editors

    LEXINGTON, Mass.--(BUSINESS WIRE)--Sept. 22, 1999--The Stride Rite Corporation (NYSE:SRR) today reported lower sales and earnings for the third quarter of its 1999 fiscal year as results fell short of last year's strong third quarter performance.

Net sales in the third quarter of fiscal 1999 decreased 7.5% to $156 million from $168.5 million in the comparable period of fiscal 1998.

Jerry Silverman Named President of Stride Rite Children’s Group

Sep 01, 1999

Lexington, MA—The Stride Rite Corporation® (NYSE: SRR) has announced that Jerry Silverman has been named President of Stride Rite Children’s Group.

“Stride Rite is unmatched in the trust it has earned among Americans for generations,” said Silverman.

Sandy Hayakawa Named President of Tommy Hilfiger Footwear

Sep 01, 1999

Lexington, MA—The Stride Rite Corporation® (NYSE: SRR) announced that Sandy Hayakawa has been appointed President of Tommy Hilfiger Footwear. Ms. Hayakawa has served as Senior Vice President and General Manager for this division since May 1998.

“I’m very excited at the challenge of continuing our success here at Tommy Hilifiger Footwear,” said Hayakawa.

Corporate Profile for The Stride Rite Corporation, dated Aug. 27, 1999

Aug 27, 1999

    Business Editors

    --(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.

                                                                              
Published Date:   Aug.

Stride Rite Reorganizes to Streamline Headquarters Staff; Announces New Share Repurchase Authorization

Aug 10, 1999

    Business/Technology Editors

    LEXINGTON, Mass.--(BUSINESS WIRE)--Aug. 10, 1999--The Stride Rite Corporation (NYSE:SRR) today announced that it will streamline certain corporate and divisional operations. The Company also initiated a new share repurchase program.

The reorganization announced today is the product of an internal review conducted by the Company's senior management over the past several weeks.

Stride Rite Appoints Myles J. Slosberg Interim Chairman and CEO; Promotes Diane M. Sullivan to President and COO

Jul 08, 1999

    Business Editors

    LEXINGTON, Mass.--(BUSINESS WIRE)--July 8, 1999--The Stride Rite Corporation (NYSE:SRR) today announced the resignation of James A. Eskridge as Chairman and Chief Executive Officer of the Company.

Stride Rite also announced that its Board of Directors has named Myles J. Slosberg as interim Chairman and CEO, pending the successful search and selection of a new Chairman and CEO. Mr.

Joanna Jacobson Resigns Post as President of The Keds Corporation; Accepts Position on Stride Rite Board

Jun 21, 1999

    Business Editors

    LEXINGTON, Mass.--(BUSINESS WIRE)--June 21, 1999--The Stride Rite Corporation (NYSE:SRR) announced today that Joanna M. Jacobson, President of The Keds Corporation, will leave her post in mid-July, 1999, but will remain active in the business. Today, she was also elected to the Stride Rite Board of Directors and has agreed to serve as a consultant to the Company.

Stride Rite's Growth Continues, Earnings Up 40% On 16% Sales Increase

Jun 21, 1999

    Business Editors

    LEXINGTON, Mass.--(BUSINESS WIRE)--June 21, 1999--The Stride Rite Corporation (NYSE;SRR) today reported higher sales and earnings for the second quarter of its 1999 fiscal year.

Net sales in the second quarter of 1999 increased 16% to $166.3 million from $143.2 million in the comparable period of fiscal 1998. Net income for the second quarter totaled $9.8 million, a 37% increase from fiscal 1998's operating earnings of $7.1 million.

Stride Rite Delivers 44% Earnings Increase On 15% Sales Growth

Mar 18, 1999

LEXINGTON, Mass.--(BUSINESS WIRE)--March 18, 1999--The Stride Rite Corporation (NYSE:SRR) today reported higher sales and earnings for the first quarter of its 1999 fiscal year.

Net sales in the first quarter of fiscal 1999 increased 15% to $148.2 million from $129 million in the comparable period of 1998. Net income for the first quarter of fiscal 1999 totaled $6.1 million, a 40% increase from net income of $4.4 million in the first quarter of 1998. Earnings per share on a diluted basis increased 44% to $.13 in the 1999 first quarter from $.09 in 1998.

Stride Rite Corporation Inks License Agreement for Children's Eyewear

Feb 01, 1999

LEXINGTON, Mass.--(BUSINESS WIRE)--Feb. 1, 1999--The Stride Rite Corporation (NYSE: SRR) announced today that the Children's Group division has entered into a licensing agreement to brand two collections of children's eyewear with the Stride Rite name. Zyloware Corporation, based in Long Island City, NY, will produce sunglasses and prescription frames for children's eyewear, which will be available to consumers during the first half of calendar year 1999.

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