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Stride Rite Corp

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BUSINESS
September 22, 2000
Other earnings, excluding one-time gains or charges unless noted, include: * Carnival Corp. said net income fell 4.5% in its fiscal third quarter to $396.2 million, or 67 cents a share, but beat estimates by 3 cents. Revenue rose 6% to $1.23 billion, helped by three new cruise ships added to Carnival's 48-vessel fleet. The company said profit was hurt by continuing pressure on ticket prices and significantly higher fuel costs. * ConAgra Inc.
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BUSINESS
January 4, 2002 | Associated Press
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.
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BUSINESS
January 30, 1990 | Associated Press
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."
BUSINESS
October 3, 2001
* The Defense Department said it probably will decide this week whether to approve bids from General Dynamics Corp. or Northrop Grumman Corp. for rival defense contractor Newport News Shipbuilding Inc. The Pentagon said it plans to forward its decision to the Justice Department after hearing from the companies one more time.
BUSINESS
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.
BUSINESS
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.
BUSINESS
April 24, 1997 | Bloomberg News
Stride Rite Corp. said it signed a licensing agreement with San Francisco-based Levi Strauss & Co. to develop a line of shoes using the jeans maker's brand name. The announcement marks the second time in almost two years that Stride Rite has agreed to make footwear under another company's name in an effort to boost sluggish sales and its stock price. Under the agreement, Stride Rite will begin shipping the new line of Levi's brand casual and sport shoes, hikers and boots in July 1998.
BUSINESS
January 4, 2002 | Associated Press
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.
BUSINESS
April 21, 1992 | Associated Press
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.
BUSINESS
September 22, 2000
Other earnings, excluding one-time gains or charges unless noted, include: * Carnival Corp. said net income fell 4.5% in its fiscal third quarter to $396.2 million, or 67 cents a share, but beat estimates by 3 cents. Revenue rose 6% to $1.23 billion, helped by three new cruise ships added to Carnival's 48-vessel fleet. The company said profit was hurt by continuing pressure on ticket prices and significantly higher fuel costs. * ConAgra Inc.
BUSINESS
April 24, 1997 | Bloomberg News
Stride Rite Corp. said it signed a licensing agreement with San Francisco-based Levi Strauss & Co. to develop a line of shoes using the jeans maker's brand name. The announcement marks the second time in almost two years that Stride Rite has agreed to make footwear under another company's name in an effort to boost sluggish sales and its stock price. Under the agreement, Stride Rite will begin shipping the new line of Levi's brand casual and sport shoes, hikers and boots in July 1998.
BUSINESS
April 21, 1992 | Associated Press
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.
NEWS
March 26, 1990 | ELIZABETH MEHREN, TIMES STAFF WRITER
Her children and grandchildren were grown, and her husband had died "quite a few" years ago. Like many people her age, Eva DaRosa, 79, used to spend a lot of lonely time window-shopping at the mall. "Well," she said with a shrug, "it was better than staying at home." But these days the retired school cafeteria worker has little time for such frivolity. She is far too busy reading story books, overseeing baking projects and teaching 4-year-olds to crochet.
BUSINESS
January 30, 1990 | Associated Press
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."
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