Stride Rite Corporation, the parent company of Saucony, reports a...

Stride Rite Corporation, the parent company of Saucony, reports a 16 percent drop in net income to $14,165,000 for the 2nd quarter, ended June 1, on an 8 percent increase in net sales to $209.2 million. The footwear group, which is in the process of being bought by Payless ShoeSource, ...

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