Record results at Stride Rite
US-based children’s footwear brand The Stride Rite Corporation has reported record fourth quarter and fiscal year 2006 net sales.
Net sales for the fourth quarter totalled $151.8 million, an increase of 15% compared with the same period in the prior year. Net income for the fourth quarter rose to $0.6 million compared with a net loss of $3.1 million in the fourth quarter of 2005. The quarter included $9.7 million of Robeez net sales for the thirteen weeks subsequent to its acquisition in September.