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Stride Rite declares record Q4 sales & full year results
13 Jan '06
3 min read
See the section entitled "Non-GAAP Pro Forma Financial Measures" and the "Reconciliation of Non-GAAP Measures" provided in this release for additional description of these Non-GAAP Measures.
"Keds had a challenging year as repositioned the brand back to its 1916 heritage as 'America's sneaker' with Mischa Barton as spokesperson. Company believe have effectively accomplished our marketing strategy, as Footwear News recently named Keds 'The Marketing Brand of the Year'. Success in 2006 will depend upon the retail performance of products."
"Tommy Hilfiger business was impacted predominantly by softness in men's sales. The pending sale of Tommy Hilfiger Corp. to Apax Partners, with their objective of focusing on the higher-end business, is a positive announcement."
"Enter 2006 with sound strategies in place and strong management teams. They anticipate a solid year of progress and growth."
US based The Stride Rite Corporation is the leading marketer of high quality children's footwear in the United States and is a major marketer of athletic and casual footwear for children and adults.
Business was founded on the strength of the Stride Rite children's brand, but today includes a portfolio of great American brands addressing different market segments within the footwear industry.
In addition to the Stride Rite brand,market footwear under the following owned or licensed brands: Keds, Grasshoppers, Sperry Top-Sider, and Tommy Hilfiger.
"Keds had a challenging year as repositioned the brand back to its 1916 heritage as 'America's sneaker' with Mischa Barton as spokesperson. Company believe have effectively accomplished our marketing strategy, as Footwear News recently named Keds 'The Marketing Brand of the Year'. Success in 2006 will depend upon the retail performance of products."
"Tommy Hilfiger business was impacted predominantly by softness in men's sales. The pending sale of Tommy Hilfiger Corp. to Apax Partners, with their objective of focusing on the higher-end business, is a positive announcement."
"Enter 2006 with sound strategies in place and strong management teams. They anticipate a solid year of progress and growth."
US based The Stride Rite Corporation is the leading marketer of high quality children's footwear in the United States and is a major marketer of athletic and casual footwear for children and adults.
Business was founded on the strength of the Stride Rite children's brand, but today includes a portfolio of great American brands addressing different market segments within the footwear industry.
In addition to the Stride Rite brand,market footwear under the following owned or licensed brands: Keds, Grasshoppers, Sperry Top-Sider, and Tommy Hilfiger.
Stride Rite Corporation
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