| | Business Summary | | The
Stride
Rite
Corporation
markets
children's
footwear,
as
well
as
athletic
and
casual
footwear
for
children
and
adults.
Children's
footwear,
primarily
designed
for
consumers
between
the
ages
of
six
months
and
12
years,
encompasses
a
complete
line
of
products
in
traditional
styles,
including
dress
and
recreational
shoes,
boots,
sandals,
and
sneakers.
Sneakers
and
casual
footwear
for
adults
and
children
are
also
sold,
as
well
as
marine
footwear
and
outdoors
recreational,
hand-sewn
and
dress
footwear
for
adults
and
children.
The
Company's
portfolio
of
brands
includes
Stride
Rite,
Keds,
Pro-Keds,
Sperry
Top-Sider,
Grasshoppers,
Street
Hot,
Tommy
Hilfiger
and
Nine
West
Kids.
The
Company
sells
its
products
nationwide
through
retail
outlets,
including
department
stores,
sporting
goods
stores
and
marinas,
and
other
shoe
stores
operated
by
independent
retailers.
In
addition,
the
Company
owns
more
than
100
Stride
Rite
stores
and
various
Great
Feet!
stores
in
malls
across
the
country. | | Financial Summary | | The
Stride
Rite
Corporation
is
a
marketer
and
manufacturer
of
athletic
and
casual
footwear
for
children
and
adults.
For
the
nine
months
ended
8/27/99,
net
sales
rose
7%
to
$470.4
million.
Net
income
fell
3%
to
$26
million.
Revenues
reflect
increases
in
the
Company's
wholesale
divisions
due
to
an
improved
product
mix
and
higher
sales
of
Tommy
Hilfiger
products.
Earnings
were
offset
by
a
$3.3
million
nonrecurring
charge
and
the
absence
of
a
$3.8
million
real
estate
gain. Recent Earnings Announcement For
the
3
months
ended
12/03/1999,
revenues
were
102,306;
after
tax
earnings
were
399. (Preliminary; reported in thousands of dollars.) | | | | FY1998 Pay | |
| David Chamberlain Chairman
and CEO | -- | Diane Sullivan, 43 Pres,
COO | $399K | John Kelliher, 47 CFO,
VP-Fin., Treasurer | -- | Myles Slosberg, 62 Director | -- | Joseph Barrell, 47 Sr.
VP - Operations | -- | | Dollar amounts are as of 27-Nov-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
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