The company reports net income of $7,818,000 versus$7,487,000 a year ago, while sales were virtually flat at $151,093,000. SRR issticking with its projections of 3% to 5% FY revenue growth coupled with aprofit improvement of 8% to 12%.

In Q1, Stride Rite’s children’s group showed somestrength with an 11% revenue increase. The boost was 13% at company-ownedstores, and 9% at outside retail accounts. Stride Rite says the gain camelargely from new doors, although comps were up nearly 1%. The company islooking to expand the category into mass merchant channels with new brands, andSRR recently signed an agreement with the Beanstalk Group ... Log in to view full article.