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Stride Rite was founded in Boston, Massachusetts, in 1919, as the Green Shoe Manufacturing Company (“Green Shoe”) by Thomas LaLonde ,Jacob A. Slosberg and Philip Green. After founding the company, Thomas LaLonde, who owned the name Stride Rite, and Philip Green sold his interest to Slosberg twelve years later and Slosberg's sons Samuel and ...
In 2004, Payless announced it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. [4] [5] As of 2020, Payless is owned by a group of investors led by Alden Global Capital and Axar Capital Management. [6]
After college, he began as a shoe salesman and worked himself up the corporate ladder. [5] He joined Stride Rite in 1967 when it acquired a children's shoe company named Blue Star, when sales were $35 million a year. In 1968, Hiatt became president; by 1992, Stride Rite was earning more than $600 million. [5]
In the same year Wolverine World Wide converted Stride Rite to a licensed brand operated by New York City-based Vida Shoes International. [13] The company is based out of corporate offices in Rockford, Michigan and Waltham, Massachusetts. Wolverine World Wide also operates three distribution centers in the United States, one in Canada and one ...
Matthew E. Rubel (born November 29, 1957) is an American entrepreneur and investor. He is the former chairman, chief executive officer, and president of Collective Brands, Inc., the parent company for Payless ShoeSource, a footwear, accessory, and lifestyle brand company, Collective Brands' Performance + Lifestyles Group (formerly Stride Rite Corporation), and Collective Licensing International.
In 1979 the Stride Rite Corporation purchased both Sperry and Keds from US Rubber. [5] In 2007, Payless ShoeSource acquired Sperry Top-Sider as part of a multi-brand acquisition. The company was purchased, along with the other brands from Payless's Collective Brands Performance and Lifestyle Group portfolio, in 2012 by Wolverine World Wide and ...
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