January 30, 1990 |
Stride Rite Corp., which makes Keds and Sperry Top-Sider shoes, announced today that its board of directors rejected a $900-million takeover bid from a group of investors. Arnold Hiatt, chairman of the shoe manufacturer, said in a statement the board determined that "a successful, independent Stride Rite is in the best long-term interests of Stride Rite's shareholders, employees, customers and the communities we serve."
August 9, 1987
After a two-year search, Boston-based Stride Rite Corp. has named Michael W. Rayden, 38, president and chief operating officer. He succeeds Arnold Hiatt, who will remain chairman and CEO. Rayden was formerly with the Eddie Bauer Sporting Goods Co., a division of General Mills.
July 9, 1999
Stride Rite Corp. Chief Executive and Chairman James Eskridge resigned from the maker of Keds and other shoes due to strategic disagreements with the board. A former executive of Mattel Inc., Eskridge joined Stride Rite in November. A Stride Rite official declined to elaborate on the nature of the disagreements. * Williams-Sonoma Inc. said it tapped John Tate, chief financial officer at Dole Food Co., as chief financial officer.
January 4, 2002 |
Stride Rite Corp. said it is pulling its retail operations out of Federated Department Stores and plans to open 50 stores in 2002. The exit will be completed by May 1. Federated Department Stores includes Macy's, Rich's, Lazarus and Goldsmith's stores. Lexington, Mass.-based Stride Rite recorded about $14 million in retail sales at space leased from Federated in 2001. The company expects its new stores to offset any revenue lost in the pullout.
April 21, 1992 |
Arnold Hiatt, who led Stride Rite Corp. through two decades of steady growth while boosting its social conscience, announced Monday that he will resign as chairman in June. Hiatt, 64, informed the Stride Rite board of his plans via telephone Monday morning. He will remain as a director and work full time as chairman of the Stride Rite Charitable Foundation. Ervin Shames, Stride Rite's chief executive, will succeed Hiatt as chairman.