Stride Rite Corporation
Company type | Subsidiary of Wolverine World Wide |
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NYSE: WWW | |
Industry | Footwear |
Predecessor |
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Founded | 1919 |
Founder |
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Headquarters | Waltham, Massachusetts, U.S. |
Key people |
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Products | Children's shoes |
Parent |
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Website | www |
Stride Rite, formerly the Stride Rite Corporation and stylized in
History
Founding and early years
Stride Rite was founded in Boston, Massachusetts, in 1919, as the Green Shoe Manufacturing Company (“Green Shoe”) by Jacob A. Slosberg and Philip Green. After founding the company, Green sold his interest to Slosberg twelve years later and Slosberg's sons Samuel and Charles led up the company as the heads of sales and manufacturing respectively. Green Shoe became a public company in 1960 and was listed on the New York Stock Exchange.
In 1966 Green Shoe adopted the Stride Rite Corporation name to emphasize the brand name of one of its best-known products.[citation needed] The name was purchased from Tom Lalonde in 1933.[2]
In 1968 Arnold Hiatt, the son of a Lithuanian immigrant, became president of the firm and sales were $35 million. Hiatt pursued a policy of acquisitions to keep the firm in tune with consumer preferences.[3]
Acquisitions and expansion
Stride Rite's first retail store was opened in 1972. The
Hiatt was instrumental in bringing in
Collective Brands
In 2007,
Wolverine World Wide
In 2012, Stride Rite,
Stride Rite stores
Stride Rite retail children's stores are located primarily in larger regional shopping centers, clustered generally in the major marketing areas of the U.S.. The number of retail stores, as of 2012, by type for the Stride Rite Retail segment is represented in the table below.
Stride Rite children's stores | Outlet stores | Leased children's shoe departments | Total Stride Rite retail stores |
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231 | 102 | 7 (at Macy's) | 340 |
See also
In popular culture
It sponsors Curious George on PBS Kids.
References
- ^ "BRIEF-Wolverine Worldwide announces agreement to license Stride..." Reuters. May 31, 2017 – via www.reuters.com.
- ^ "Stride Rite Children's Shoes -". www.striderite.com. Archived from the original on 2010-11-16.
- ^ a b Strom, Stephanie (April 20, 1992). "Stride Rite Chairman To Resign". The New York Times. Retrieved 2011-12-13.
Arnold Hiatt, the shoe salesman who pioneered no-smoking offices and child care at the work place, is stepping down as chairman of the Stride Rite Corporation to devote himself full time to the company's philanthropic foundation.
- ^ "About Us". Toddler University. Archived from the original on 2009-06-26. Retrieved 2022-12-22.
- ^ "Collective Brands 2007 Annual Report - Form 10-K - April 1, 2008" (PDF). secdatabase.com. Retrieved 2012-05-16.
- ^ "Groups Launch Push for New Campaign Finance Bill". CBS News. July 8, 2010. Retrieved 2011-12-13.
Among those financing the effort is Arnold Hiatt, the former CEO of Stride Rite Corp. and major Democratic Party contributor who earlier this year urged other big political donors to give only to candidates who committed to support the legislation.
- ^ Edwards, Frances (September 26, 2009). "Fashion News: USA:Collective Brands creates new identity for Stride Rite".
- ^ "Saucony, Keds and Sperry Acquired by Wolverine Worldwide". Inside Insight. 2012-05-01. Retrieved 2012-12-14.