US footwear retailer The Stride Rite Corporation has reported record 2005 sales on increased fourth quarter and fiscal year 2005 net sales. Net sales for the fourth quarter and full year of fiscal 2005 were $131.7 million and $588.2 million, increases of 13% and 5%, respectively, compared with the same periods in the prior year. The fourth quarter of 2005 included $23.2 million of Saucony net sales for the 11 weeks subsequent to the September 16, 2005 acquisition date.

The fourth quarter net loss totalled $3.1 million, a decrease compared with the net income of $51,000 in the fourth quarter of 2004. Net income for the 2005 fiscal year totalled $24.6 million, a decrease of 4% from the $25.7 million reported in the comparable period in 2004. The fiscal 2005 diluted earnings per share of $.66 were flat versus last year.