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Stride Rite acquisition won’t boost Collective Brands earnings in 2008

28/09/2007

Collective Brands, Inc. has said that Stride Rite’s earnings will not be accretive to its earnings in 2008.

The company was launched in August when children’s shoe company The Stride Rite Corporation was acquired by family footwear retailer Payless ShoeSource, Inc. and the group was renamed Collective Brands.

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