Discounter Payless ShoeSource Inc. yesterday said it is buying Lexington shoe company Stride Rite Corp. for about $800 million as a way to grab a bigger share of the fast-growing branded and children’s footwear sectors.
Stride Rite, which owns or licenses upscale footwear lines Sperry Top-Sider, Keds, and Saucony, said the business needed to join a company with bigger resources to better compete against rivals in the wake of industry consolidation. Up until now, Stride Rite had aggressively acquired firms, recently scooping up high-end children’s shoemaker Robeez and Peabody sneaker company Saucony.
Payless said it would not introduce Stride Rite’s lines into its nearly 4,600 stores, but rather sell the brands in other stores to expand the business. The combined company, with about $3.7 billion in revenue, will be renamed Collective Brands Inc. and headquartered in Topeka, Kan.
Payless set to acquire Stride Rite for $800m – The Boston Globe.
It looks as if weâ€™ll soon be able to buy Stride Rite shoes at a variety of stores. Yay! Iâ€™ve got my fingers crossed that maybe now theyâ€™ll go on sale once in a while.
It will be interesting to see how this change impacts our local Stride Rite store (as well as Stride Rite outlets).
Mailing a letter will cost 2Â¢ more beginning May 14. That’s the bad news.
The good news is that the USPS is issuing a new “forever” stamp, which will sell for 41Â¢ and can be used for any future one-ounce letter mailingâ€”regardless of subsequent increases in the First-Class rate.
The stamp art features a computer-generated image of the Liberty Bell by nationally acclaimed artist Tom Engeman of Brunswick, Maryland. His previous projects for the Postal Service include stamped cards for Carlsbad Caverns National Park (2002), Ohio University (2003), and Columbia University (2003), as well as the 2003 American Eagle definitive stamp, and the National World War II Memorial stamp issued in 2004.
New Domestic and International Rate Charts
Three sessions of swimming lessons will be offered this summer at the indoor pool at Middletown High School: June 18-28, July 9-19, and July 23-Aug 2. These are 30-minute lessons, running Monday through Thursday.
Cost: $100 for a private session; $75 for a small group session. Group sessions will not exceed three people.
To schedule lessons, or for more info, call (240) 236-7524.
Anybody else know other places offering cheap swimming lessons this summer? Leave a comment.
As the busy summer driving season approaches, Jiffy LubeÂ® and PennzoilÂ® are giving drivers an easier way to make an important change – to their motor oil. Between April 29 and June 4, 2007, drivers who visit any participating Jiffy LubeÂ® service center and purchase a Jiffy Lube Signature ServiceÂ® Oil Change with any conventional, specialty or synthetic PennzoilÂ® or Quaker StateÂ® product can get the next one free (equal or lesser value).
Through June 4th, customers who take advantage of this buy-one-get-one-free promotion will receive a mail-in form for a coupon that is redeemable through the end of September 2007.
Frederick Jiffy Lube
1210 West Patrick Street.
Phone: (301) 663-6666.