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Stride Rite Plans 50 Stores, Severs Ties with Federated

LEXINGTON, MA-Stride Rite Corp. will open 50 retail properties, implementing its plan to sever ties with Federated Department Stores. The company currently leases space within the children's shoe departments of Federated stores.

By Naomi Grossman | Updated on January 08, 2002

LEXINGTON, MA-Stride Rite Corp. plans to open 50 retail properties across the country as it exits from its leased operations within Federated Department Stores. The children’s footwear company, which is headquartered here, plans to pull out of the 46 leased spaces in the children’s shoe departments of Federated Stores by May 1.

Frank Caruso, chief financial officer for Stride Rite, tells GlobeSt.com that the sites of the new stores have not all been identified as of yet. In a released statement, David Chamberlain, company CEO says, “This change is consistent with our strategy of focusing our retail efforts on growing our own children’s shoe stores.”

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