Payless in Deal For Stride Rite

Zaczkiewicz, Arthur; Young, Vicki M.
May 2007
WWD: Women's Wear Daily;5/23/2007, Vol. 193 Issue 111, p3
Trade Publication
The article reports that footwear retailer Payless ShoeSource Inc. will acquire The Stride Rite Corp. for $800 million, plus debt. The all-cash deal represents $20.50 a share, and follows Payless' $91 million acquisition in March 2007 of Collective International LP, owner of Airwalk and Vision Street Wear. The company will be renamed Collective Brands Inc. and will operate three separate divisions: Collective Licensing, Payless ShoeSource and Stride Rite.


Related Articles

  • Rubel's Vision Takes Shape. Derby, Meredith; Niemi, Wayne; Sammon, Lindsay E.; Abel, Katie // FN: Footwear News;5/28/2007, Vol. 63 Issue 21, p2 

    The article reports on the decision of Payless ShoeSource Inc. chief executive Matt Rubel to acquire Stride Rite Corp. As part of the acquisition, Rubel plans to rename the company Collective Brands Inc. which will house three separate businesses Payless ShoeSource, Stride Rite and Collective...

  • Big Deals. Atmore, Michael // FN: Footwear News;5/28/2007, Vol. 63 Issue 21, p12 

    The author comments on the merger activities in the footwear industry in the U.S. According to him, Payless' announcement that they has intentions to purchase Stride Rite surprised many. He observes that many industry players are looking to get bigger and more diversified. The author also...

  • Stride Rite Posts Mixed Q2. Derby, Meredith // FN: Footwear News;7/2/2007, Vol. 63 Issue 26, p20 

    The article reports the financial performance of Stride Rite Corp. in the second quarter ended June 1, 2007. The company reported an 8 percent increase at $209.2 million. However, it also reported a slight decline in net earnings at $14.2 million, compared to $16.9 million a year ago. The...

  • Newswire.  // Brandweek;5/28/2007, Vol. 48 Issue 22, p5 

    The article offers news briefs relating to the marketing and advertising industry. The article reports that Payless ShoeSource is acquiring Stride Rite Corp for $800 million plus debt assumption. Procter & Gamble in September 2007 is planning to replace all its liquid detergents in North America...

  • Stride Rite Seeks To Expand Reach With Saucony Deal. Carofano, Jennifer; Zmuda, Natalie // FN: Footwear News;6/6/2005, Vol. 61 Issue 23, p1 

    Reports on the expansion opportunities outlined by executives of Stride Rite footwear company for both Stride Rite and its acquired Saucony athletic brand. Immediate changes in the works for Saucony; Brands that could benefit from the acquisition; Key component of the acquisition; Reaction of...

  • Payless Turns Focus to Brand Building. Chabbott, Sophia; Poggi, Jeanine // WWD: Women's Wear Daily;3/7/2007, Vol. 193 Issue 49, p7 

    The article reports on the announcement by footwear company Payless ShoeSource that it has acquired brand development, management and lifestyle company Collective International LP. The acquisition marks Payless' first foray into brand management and apparel. According to Payless chairman and...

  • Payless Branches Out. Zmuda, Natalie // FN: Footwear News;3/12/2007, Vol. 63 Issue 10, p2 

    The article reports on the acquisition on Collective International by Payless ShoeSource. The Collective business, which focuses on youth lifestyle and board sport-inspired brands, has potential within the athletic market, said Footwear News and Collective chief executive officer (CEO) and...

  • SPECS PROFILE.  // Chain Store Age;Jun2003, Vol. 79 Issue 6, p86 

    Interviews James F. Tinkum, vice president for store development and construction at footwear retailer Payless ShoeSource Inc. Manner by which the department is structured; Approach in finding suppliers; Professional challenges he faced.

  • Payless restructures in U.S., internationally.  // Display & Design Ideas;Oct2004, Vol. 16 Issue 10, p7 

    This article presents information on Payless ShoeSource Inc. which announced that by the end of fiscal 2004 it will close about 260 Payless stores in the U.S., in addition to about 230 stores that had already been scheduled for closing this year. In addition, the footwear retailer will be...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics