Stride Rite expects fall in earnings
24/09/2001
The Stride Rite Corporation has announced that it expects earnings to be in the $0.16-$0.17 range per share for the third quarter, slightly worse than last year's figures of $0.18 per share.
The shoe retailer markets several well-known brands in the US including Keds, Sperry, Tommy Hilfiger, Grasshoppers and Street Hot.
The firm put the poor performance down to lower sales because of the difficult retail environment, and increased costs such as inventory obsolescence charges.
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